Asus 2014 Annual Report Download - page 169

165
(A) Monetary assets and liabilities denominated in foreign currencies at the period end are
re-translated at the exchange rates prevailing at the end of the financial reporting period.
Exchange differences arising upon re-translation at the end of the financial reporting period
are recognized in profit or loss.
(B) Non-monetary assets and liabilities denominated in foreign currencies at fair value through
profit or loss are re-translated at the exchange rates prevailing at the end of the financial
reporting period. The translation differences are recognized in profit or loss as part of the
fair value gain or loss. Non-monetary assets and liabilities at fair value through other
comprehensive income are re-translated at the exchange rates prevailing at the end of the
financial reporting period. The translation differences are recognized in other
comprehensive income. However, non-monetary assets and liabilities denominated in
foreign currencies that are not measured at fair value are translated using the historical
exchange rates at the dates of the initial transactions.
(C) All other foreign exchange gains and losses based on the nature of those transactions are
presented in the statement of comprehensive income within “other gains (losses)”.
B. Translation of foreign operations
(A) The operating results and financial position of all the group entities and associates that
have a functional currency different from the presentation currency are translated into the
presentation currency as follows:
a. Assets and liabilities for each balance sheet presented are translated at the closing
exchange rate at the end of the financial reporting period;
b. Income and expenses for each statement of comprehensive income are translated at
average exchange rates of that period; and
c. All resulting exchange differences are recognized in other comprehensive income.
(B) When the foreign operation partially disposed of or sold is an associate, exchange
differences that were recorded in other comprehensive income are proportionately
reclassified to profit or loss as part of the gain or loss on sale. In addition, if the Group
retains partial interests in the former foreign associate after losing significant influence over
the former foreign associate, such transactions should be accounted for as disposal of all
interest in these foreign operations.
(C) When the foreign operation partially disposed of or sold is a subsidiary, cumulative
exchange differences that were recorded in other comprehensive income are
proportionately transferred to the non-controlling interest in this foreign operation. In
addition, if the Group retains partial interests in the former foreign subsidiary after losing
control of the former foreign subsidiary, such transactions should be accounted for as
disposal of all interest in these foreign operations.
(5) Classification of current and non-current items
A. Assets that meet one of the following criteria are classified as current assets:
(A) Assets arising from operating activities that are expected to be realized, or are intended to
be sold or consumed within the normal operating cycle;
(B) Assets held mainly for trading purposes;