Asus 2014 Annual Report Download - page 188

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B. On February 4, 2012, the Group entered into an agreement with a financial institution to sell its
trade receivables. Under the agreement, the Group is not required to bear uncollectible risk of
the underlying trade receivables, but is liable for the losses incurred on any business dispute. As
the Group met the derecognition criteria for financial assets, the Group derecognized the trade
receivables sold to financial institution, net of the losses estimated for possible business
disputes. The outstanding trade receivables sold to the financial institution for the year ended
December 31, 2013 is as follows:
C. The aging analysis of trade receivables that were past due but not impaired are as follows:
The above aging analysis is based on overdue days, and there was no significant change for the
credit quality of the above receivables after the assessment and they were still considered
collectible, so the Group had no impairment concern.
D. Individual assessment of impaired trade receivables:
(A) Impaired but not past due
(B) Impaired and past due
(C) Movements for allowance for doubtful accounts (accumulated impairment) of trade
receivables are as follows:
Purchaser of
trade receivables
Amount
derecognized
Amount advanced Collateral
Taishin International Bank 15,252$ -$ -
2013/12/31
2014/12/31 2013/12/31
Up to 90 days 11,656,002$ 15,365,480$
91 to 180 days 231,056 443,121
Over 181 days 47,492 257,186
11,934,550$ 16,065,787$
2014/12/31 2013/12/31
Gross amount 4,309$ 635$
2014/12/31 2013/12/31
Gross amount 2,773,876$ 2,427,540$
Individual provision Group provision Total
At January 1 1,844,756$ 583,419$ 2,428,175$
Recognition (reversal) 109,221 158,404 267,625
Write-offs 17,910)( 46,660)( 64,570)(
Reclassifications 90,189)( 90,189 -
Net exchange differences 108,556 41,084 149,640
Effect due to changes in 2,685)( - 2,685)(
consolidated entities
At December 31 1,951,749$ 826,436$ 2,778,185$
2014