Asus 2011 Annual Report Download - page 134

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Independent Auditors’ Report
To the Board of Directors and Shareholders of
ASUSTEK COMPUTER INC.:
We have audited the accompanying consolidated balance sheets of ASUSTEK COMPUTER
INC. and its subsidiaries as of December 31, 2011 and 2010, the related consolidated
statements of income, of changes in stockholders’ equity and of cash flows for the years then
ended. These consolidated financial statements are the responsibility of the Company’s
management. Our responsibility is to express an opinion on these consolidated financial
statements based on our audits. We did not audit the financial statements of certain
consolidated subsidiaries and long-term equity investments accounted for under the equity
method, which statements reflect total assets of $38,879,274,000 and $34,108,817,000
(including the long-term equity investments amounting to $22,656,486,000 and
$22,353,615,000), constituting 17.85% and 17.48% of consolidated total assets as of
December 31, 2011 and 2010, respectively, total operating revenues of $56,439,989,000 and
$128,983,343,000, constituting 14.69% and 30.01% of consolidated operating revenues for
the years then ended, respectively, and the related consolidated investment income of
$22,472,000 and $1,110,908,000 for the years then ended, respectively. The financial
statements of these investee companies were audited by other auditors whose reports thereon
have been furnished to us and our opinion expressed herein, insofar as it relates to the
amounts included in the consolidated financial statements and information disclosed relative
to these consolidated subsidiaries and long-term equity investments, is based solely on the
reports of the other auditors.
We conducted our audits in accordance with the “Regulations Governing Auditing and
Attestation of Financial Statements by Certified Public Accountants” and generally accepted
auditing standards in the Republic of China. Those rules and standards require that we plan
and perform the audit to obtain reasonable assurance about whether the financial statements
are free of material misstatement. An audit includes examining, on a test basis, evidence
supporting the amounts and disclosures in the financial statements. An audit also includes
assessing the accounting principles used and significant estimates made by management, as
well as evaluating the overall financial statement presentation. We believe that our audits
and the reports of other auditors provide a reasonable basis for our opinion.