Asus 2011 Annual Report Download - page 180

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176
~48~
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 income
3,501,545$ 3,492,066$
10% additional income tax on unappropriated
earnings
485,364 218,914
Investment tax credits occurred and used
142,871
206,028)
(
Tax effect of tax exemption on investment
income
601,802)( 347,433)(
Tax effect of correction of minimum tax
431,700)
(
-
Effect of change in income tax rate
836
80,659
Unrealized valuation gain or loss
2,420)
(
77,065)
(
Difference between prior year's income tax
estimation and assessed results
261,397 479,837
Effect of change in exchange rate
73,839
173,614)
(
Tax-exempt cash dividends
50,356)
(
59,542)
(
Others 92,741)( 21,663)(
Income tax expense 3,286,833$ 3,386,131$
2011/12/31 2010/12/31
Deferred income tax assets:
Unrealized sales profit 511,528$ 238,628$
Unrealized purchase discounts 333,289 436,231
Allowance for decline in value of inventories 685,966 642,029
Unrealized accrued expenses 1,639,395 1,034,479
Tax benefit of loss carryforwards 444,102 353,898
Investment tax credits 379,126 567,236
Others
663,812
577,094
4,657,218 3,849,595
Valuation allowance
728,483)
(
840,927)
(
3,928,735 3,008,668
Deferred income tax liabilities:
Investment income from foreign investments
2,797,522)
(
1,939,835)
(
Others
285,933)
(
185,948)
(
3,083,455)( 2,125,783)(
845,280$ 882,885$