Asus 2014 Annual Report Download - page 189

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E. The credit quality of trade receivables that are neither past due nor impaired based on the
Group’s Credit Quality Control Policy is as follows:
Group 1:
Insured, or guaranteed by the third party, or the trading object is the associate.
Group 2:
Neither insured and guaranteed by the third party, nor the trading object is the
associate.
F. The Group does not hold any collateral as security.
(7) Inventories
Except for costs of goods sold, the inventories recognized as increase in operating costs amounted
to $2,108,764 and $3,260,150, of which $1,963,200 and $2,465,794 pertain to the decline in value
of inventories for the years ended December 31, 2014 and 2013, respectively.
Individual provision Group provision Total
At January 1 1,766,850$ 712,442$ 2,479,292$
Recognition (reversal) 38,201 132,510)( 94,309)(
Write-offs 7,345)( 14,952)( 22,297)(
Net exchange differences 47,050 18,439 65,489
At December 31 1,844,756$ 583,419$ 2,428,175$
2013
2014/12/31 2013/12/31
Group 1 34,629,000$ 28,322,712$
Group 2 28,210,123 23,685,833
62,839,123$ 52,008,545$
Cost
Allowance for
valuation loss
Book value
Raw materials 39,450,289$ 4,619,779)($ 34,830,510$
Work in process 2,260,007 182,585)( 2,077,422
Finished goods 3,375,201 358,058)( 3,017,143
Merchandise inventories 66,843,117 7,556,713)( 59,286,404
Inventories in transit 1,408,071 - 1,408,071
113,336,685$ 12,717,135)($ 100,619,550$
Cost
Allowance for
valuation loss
Book value
Raw materials 27,592,491$ 3,196,357)($ 24,396,134$
Work in process 2,010,855 147,234)( 1,863,621
Finished goods 3,074,349 270,835)( 2,803,514
Merchandise inventories 54,669,230 6,898,273)( 47,770,957
Inventories in transit 494,786 - 494,786
87,841,711$ 10,512,699)($ 77,329,012$
2014/12/31
2013/12/31