Asus 2012 Annual Report Download - page 146

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142
(15) Retained earnings
A. According to the Company’s articles of incorporation, annual net income shall first be used to
pay all taxes and after covering prior years’ losses, if any, should be distributed as follows:
10% as legal reserve, an appropriate amount as special reserve according to relevant regulation
or as required by the government, 10% of capital stock as capital interest, no less than 1% as
employees’ bonuses, and no more than 1% as directors’ and supervisors’ bonuses. When the
employees’ bonuses are distributed in stock, the recipients may include the employees of
subsidiaries. After the distribution of earnings, the remaining earnings, if any, may be
appropriated according to a resolution adopted in the stockholders’ meeting.
B. The Company is facing a rapidly changing industrial environment, with the life cycle of the
industry in the stable growth phase. In light of the long-term financial plan of the Company
and the demand for cash by the stockholders, the Company should distribute cash dividends of
not less than 10% of the total dividends declared.
C. Except for covering accumulated deficit, increasing capital or payment of cash, the legal
reserve shall not be used for any other purpose. The amount capitalized or the cash payment
shall not exceed 25% of the paid-in capital.
D. The appropriations of 2011 and 2010 earnings had been resolved at the stockholders meeting
on June 12, 2012 and June 9, 2011, respectively. Details are summarized as follows:
(A) The appropriations of 2011 earnings stated above are the same as that proposed by the
Board of Directors on April 27, 2012.
(B) There was no difference between the actual amounts of employees’ bonuses and directors’
and supervisors’ remuneration for 2011 with the amounts accrued as expenses in the 2011
financial statements.
Dividends Dividends
per share per share
Amount (in dollars) Amount (in dollars)
Cash dividends 10,915,024$ 14.50$ 8,638,233$ 14.00$
Stock dividends - - 1,357,437 2.20
Directors’ and 141,676 142,125
supervisors’
remuneration
Employees’ cash 708,379 710,625
bonus
2011
2010