Asus 2011 Annual Report Download - page 173

169
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(13) Short-term loans
(14) Bonds payable
A. The details of domestic unsecured convertible bonds are as follows:
(A) The Company issued the redeemable domestic unsecured convertible bonds on November
7, 2006. The main issuance terms are as follows:
a. Total amount of the convertible bonds at issuance: $12,000,000
b. Nominal rate: 0%
c. Duration of issuance: 5 years (from November 7, 2006 to November 7, 2011)
d. Conversion period: Each bondholder has the right to convert all or from time to time
any portion of its convertible bonds into common shares during the conversion period
(up to 31 days after the original issue date to 10 days before the maturity date).
e. Conversion price and adjustment: The conversion price is $105.4 dollars per common
share initially. The conversion price will be adjusted upon the occurrence of an
increase in the number of common shares. On July 14, 2011, the Company adjusted
further the conversion price to $269.2 (in dollars) per share, considering the effect of
capitalization from retained earnings.
2011/12/31 2010/12/31
Credit loans 2,738,361$ 3,787,863$
Secured loans
82,495
72,500
2,820,856
$
3,860,363
$
Interest rates
0.98%~4.581%
0.65%~2.15%
2011/12/31 2010/12/31
Aggregate principal amount 12,000,000$ 12,000,000$
Accumulated converted amount 7,000)( 7,000)(
Accumulated redeemed amount 1,193,000)( 9,533,600)(
Discount on bonds payable
-
47,091)
(
- 2,412,309
Less: convertible bonds payable - redeemable - 2,412,309)(
within one year
Total
-
$
-
$
2011/12/31 2010/12/31
Debt-component embedded derivative:
－
conversion rights
-$ 104,525$
2011/1/1~12/31 2010/1/1~12/31
Gain on valuation of financial liabilities-
call/put option and conversion rights 104,525$ 151,382$
Interest expense 47,091$ 81,039$