Asus 2012 Annual Report Download - page 195
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191
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. Except for some bonds which have been converted, all bonds of the Company had matured
and been redeemed on November 7, 2011.
(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 all of the covenants, the Group did not violate any covenant during the years
ended December 31, 2012 and 2011.
(16) Pension
A. Effective from 1995, the Company adopted SFAS No. 18, “Accounting for Pensions”. The
funding status of the pension plan as of December 31, 1995 was measured on an actuarial
basis. In accordance with SFAS No. 18, net pension cost was recognized from January 1, 1996.
Because the accrued pension liability was equal to the funding status of the pension plan, no
unrecognized transitional net assets or net obligations shall be amortized in the future. In
addition, except for a few foreign employees, the Company had settled its financial obligations
to its employees under the pension plan accounted for based on SFAS No. 18 at December 31,
2007.
B. The Company contributes 2% of the employees’ monthly salaries and wages for a few foreign
employees in accordance with the R.O.C Labor Standards Law to an independent retirement
trust fund, with the Bank of Taiwan, the trustee.
Bank Usage and redemption duration 2012/12/31 2011/12/31
Mega International 2010.10.18~2014.08.06, payable 871,200$ 908,250$
Commercial Bank in 3 semi-annual installments,
commencing two years after the
initial date of borrowing
The Shanghai Commercial
2010.04.06~2015.11.08, payable 871,200 908,250
& Savings Bank in 3 semi-annual installments,
commencing two years after the
initial date of borrowing
Others 2011.05~2019.05 86,876 1,936
1,829,276 1,818,436
Less: Current portion 801,283)( 983,938)(
1,027,993$ 834,498$
Interest rates 1.05%~8.9% 0.04%~1.815%