Asus 2012 Annual Report Download - page 220

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2. Share-based payment transactions
The Group elected not to apply IFRS 2, “Share-based Payment”, retrospectively for share-based
payment transactions vested before the date of transition to IFRSs.
3. Deemed cost
The Group elected to use the current revaluation of property, plant and equipment at the date of
transition to IFRSs as deemed cost.
4. Employee benefits
The Group elected to recognize all cumulative actuarial gains or losses at the date of transition
to IFRSs, and adopted a policy of recognizing actuarial gains and losses in other comprehensive
income in the period when they occur going forward.
5. Cumulative translation adjustments
The Group elected to recognize the amount of cumulative translation differences arising from
foreign operations as zero at the date of transition to IFRSs, and deal with translation
differences subsequent to the date of transition to IFRSs in accordance with IAS 21, “The
Effects of Changes in Foreign Exchange Rates”.
6. Compound financial instruments
As the liability component is no longer outstanding at the date of transition to IFRSs, the Group
elected not to separate liability and equity components for compound financial instruments.
7. Borrowing costs
From the date of transition to IFRSs, the Group elected to apply the transitional provisions set
out in paragraphs 27 and 28 of IAS 23, “Borrowing Costs”, as revised in 2007.
The above mentioned material differences between current accounting policies and IFRSs have
taken into account current regulations, accounting principles, and the business environment or
circumstances. However, the current evaluation results may be different from the actual
differences that may arise when new issuances of or amendments to IFRSs are subsequently
ratified, and changes in accounting principles and business environment or circumstances occur in
the future.