Asus 2011 Annual Report Download - page 120

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B. The income tax computed on pre-tax financial income at the statutory rate was reconciled with
the income tax expense as follows:
C. The components of deferred income tax assets (liabilities) are as follows:
2011/1/1~12/31 2010/1/1~12/31
Income tax calculated on pre-tax financial 3,365,229$ 3,214,508$
income
10% additional income tax on 484,385 -
unappropriated earnings
Investment tax credits - 137,299)(
Tax effect of tax exemption on 477,662)( 322,635)(
investment income
Tax effect of correction of minimum tax 431,700)( -
Effect of change in income tax rate - 21,060)(
Unrealized valuation gain or loss 12,541)( 64,051)(
Difference between prior year's income tax 243,057 16,321)(
estimation and assessed results
Effect of change in exchange rate 73,839 173,614)(
Tax-exempt cash dividends 49,649)( 57,622)(
Others 22,348 1,393)(
Income tax expense 3,217,306$ 2,420,513$
2011/12/31 2010/12/31
Deferred income tax assets:
Unrealized sales profit 422,475$ 219,980$
Unrealized purchase discounts 333,289 436,231
Allowance for decline in value of inventories 200,010 321,517
Unrealized accrued expenses 145,741 147,767
Others 46,393 51,371
1,147,908 1,176,866
Deferred income tax liabilities:
Investment income accounted for under the 2,772,728)( 1,939,835)(
equity method (overseas)
Others 276,324)( 126,259)(
3,049,052)( 2,066,094)(
1,901,144)($ 889,228)($
2011/12/31 2010/12/31
Net deferred income tax assets - current 907,554$ 1,014,641$
Net deferred income tax liabilities - non-current 2,808,698)( 1,903,869)(
1,901,144)($ 889,228)($