Asus 2012 Annual Report Download - page 201

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C. The components of deferred income tax assets (liabilities) are as follows:
D. The Tax Authority has examined the Company’s income tax returns through 2010. In 2012,
the Company finally settled its disagreement with the Tax Authority’s assessment of
additional tax on its 1996 and 1998 income tax returns. As agreed with the Tax Authority, the
original assessment was reduced by $177,714 which was recognized as an adjustment to
current income tax expense.
E. Imputation credit account and creditable ratio
2012/12/31 2011/12/31
Deferred income tax assets:
Unrealized gross profit 541,222$ 511,528$
Unrealized purchase discounts 229,592 333,289
Unrealized sales discounts 466,180 390,553
Allowance for decline in value of inventories 1,406,727 685,966
Unrealized accrued expenses 1,967,888 1,639,395
Tax benefit of unused loss carryforwards 645,532 444,102
Unused investment tax credits 227,173 379,126
Others 221,001 273,259
5,705,315 4,657,218
Valuation allowance - deferred income tax 930,481)( 728,483)(
assets
4,774,834 3,928,735
Deferred income tax liabilities:
Investment income from foreign investees 3,875,085)( 2,797,522)(
Others 594,620)( 285,933)(
4,469,705)( 3,083,455)(
305,129$ 845,280$
2012/12/31 2011/12/31
Deferred income tax assets - current 2,417,530$ 2,107,897$
Deferred income tax assets - non-current 1,845,574 1,582,487
Deferred income tax liabilities - current 1)( 12)(
Deferred income tax liabilities - non-current 3,957,974)( 2,845,092)(
305,129$ 845,280$
2012/12/31 2011/12/31
ICA balance 12,345,070$ 12,143,365$
2011 (Actual) 2010 (Actual)
Creditable ratio for earnings distribution 17.43% 18.05%