Asus 2014 Annual Report Download - page 200

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196
(17) Capital surplus
Pursuant to R.O.C. Company Law, capital surplus arising from paid-in capital in excess of par
value on issuance of common stocks and donations can be used to cover accumulated deficit or to
issue new stocks or cash to shareholders in proportion to their share ownership, provided that the
Company has no accumulated deficit. Further, R.O.C. Securities and Exchange Law requires that
the amount of capital surplus to be capitalised mentioned above should not exceed 10% of the
paid-in capital each year. Capital surplus should not be used to cover accumulated deficit unless
the legal reserve is insufficient.
(18) Retained earnings
A. Under the Company’s Articles of Incorporation, the current year’s earnings, if any, shall first
be used to pay all taxes and offset prior years’ operating losses and then 10% of the remaining
amount shall be set aside as legal reserve. When such legal reserve amounts to the total
authorized capital, the Company shall not be subject to this requirement. The Company may
then appropriate or reverse a certain amount as special reserve according to relevant
regulations or as required by the government.
The remaining balance shall be distributed as follows: appropriate 10% of capital stock as
capital interest, no less than 1% as employees’ bonuses, and no more than 1% as directors’ and
supervisors’ bonuses. When employees’ bonuses are distributed in the form of shares, the
Difference between Changes in
proceeds from
associates and joint
acquisition or disposal
ventures accounted
of subsidiary and for under
Share premium
book value equity method Total
At January 1, 2014 4,227,966$ 227,466$ 3,195)($ 4,452,237$
Effect of changes in - 942)( 1,462 520
percentage of
ownership
At December 31, 2014 4,227,966$ 226,524$ 1,733)($ 4,452,757$
Difference between Changes in
proceeds from
associates and joint
acquisition or disposal
ventures accounted
of subsidiary and for under
Share premium
book value equity method Total
At January 1, 2013 4,284,888$ 224,501$ 204,169)($ 4,305,220$
Effect of changes in - 2,965 247,828 250,793
percentage of
ownership
Effect of disposals - - 46,854)( 46,854)(
Retirement of
treasury shares 56,922)( - - 56,922)(
At December 31, 2013 4,227,966$ 227,466$ 3,195)($ 4,452,237$