Asus 2011 Annual Report Download - page 174

170
~42~
f. Call option: The Company could redeem the convertible bonds at par value at any time
during the period from December 8, 2006 to September 28, 2011, under the following
conditions: the closing price of the common shares on each of 30 consecutive trading
days reaches or exceeds 50% of the conversion price, or the outstanding balance of the
bonds is less than 10% of the original issuance.
g. Put option: Each bondholder has the right to put the convertible bonds at par value
after the 3rd and 4th year.
(B) The fair value of non-equity convertible options, put options, call options and resetting
options embedded in bonds payable was separated from bonds payable, and was
recognized in “Financial assets or liabilities at fair value through profit or loss” in
accordance with SFAS No. 34.
(C) As of December 31, 2011, except for some bonds which had been converted, all bonds of
the Company had matured and been redeemed.
(15) Long-term loans
A. Under long-term contracts, the Group is required to maintain certain covenants
semi-annually agreed by both sides, and the bank can inspect at any time when necessary.
B. After evaluating and comparing all of the covenants, the Group did not violate any covenant
during the years ended December 31, 2011 and 2010.
Bank Usage and redemption duration 2011/12/31 2010/12/31
Mega International 2010.07.13~2014.04.15, payable 908,250$ 873,900$
Commercial Bank in 3 semi-annual installments,
commencing two years after the
initial date of borrowing, with the
remaining balance payable in full
in the last installment
The Shanghai Commercial
2009.06.08~2013.04.06, payable 908,250 873,900
& Savings Bank, Ltd. in 3 semiannual installments,
commencing two years after the
initial date of borrowing
Others 2011.05~2015.09 1,936 -
1,818,436 1,747,800
Less: Current portion
983,938)
(
291,300)
(
834,498
$
1,456,500
$
Interest rates
0.04%~1.815%
0.902%~1.2%