Asus 2011 Annual Report Download - page 176

172
~44~
The components of net pension costs for the years ended December 31, 2011 and 2010 are as
follows:
As of December 31, 2011 and 2010, the vested benefits were approximately $4,778 and
$12,107, respectively.
(17) Common stock
A. As of December 31, 2011, the Company’s authorized capital was $47,500,000, consisting of
4,750,000,000 shares of common stock (including 50,000,000 shares which were reserved
for employee stock options), and the outstanding capital was $7,527,603 with a par value of
$10 (in dollars) per share.
B. In order to maximize the efficiency of the own-brand business and to diversify the OEM
business, the Company held a special shareholders’ meeting on February 9, 2010 and
resolved to decrease its authorized capital by 85% and transfer its OEM business. The
record date for the capital reduction and transfer is June 1, 2010. The capital reduction,
which amounted to $36,097,609, was authorized by Financial Supervisory Commission,
Executive Yuan, on April 9, 2010. The registration procedures related to the reduction were
completed on June 21, 2010.
C. In June 2011, the shareholders resolved to declare stock dividends of $1,357,437. The capital
increase has been approved by the Financial Supervisory Commission, Executive Yuan, and
the Company announced August 6, 2011 as the ex-right (ex-dividend) record date.
D. As of December 31, 2011, the Company issued Global Depositary Receipts (GDRs), of
which 6,320,000 units of the GDRs are now listed on the London Stock Exchange. Per unit
of GDR represents 5 shares of the Company’s common stock and total GDRs represent
31,599,000 shares of the Company’s common stock. The terms of GDR are as follows:
(A) Voting rights
GDR holders may, pursuant to the Depositary Agreement and the relevant laws and
regulations of the R.O.C., exercise the voting rights pertaining to the underlying common
shares represented by the GDRs.
(B) Dividends, stock warrants and other rights
GDR holders and common shareholders are all entitled to receive dividends. The
Depositary may issue new GDRs in proportion to GDRs holding ratios or raise the
number of shares of common stock represented by each unit of GDR or sell stock
dividends on behalf of GDR holders and distribute proceeds to them in proportion to their
2011/1/1~/12/31 2010/1/1~/12/31
Service cost
51,264
$
3,719
$
Interest cost
2,644
3,739
Expected return on plan assets
3,926)
(
4,594)
(
Amortization and deferral
6,833
1,905
Curtailment and settlement income 280)( -
Net pension cost 56,535$ 4,769$