Asus 2014 Annual Report Download - page 208

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(27) Operating leases
The Group leases offices, warehouse and parking lots under operating lease agreements. The
Group recognized rental expenses of $948,937 and $872,170 for the years ended December 31,
2014 and 2013, respectively. Information about the future aggregate minimum lease payments
under non-cancellable operating leases is provided in Note 9.
7. RELATED PARTY TRANSACTIONS
(1) Parent and ultimate controlling party
The Company’s shares are widely held, so there is no ultimate parent or controlling party.
(2) Significant transactions and balances with related parties
A. Sales of goods:
The terms of the above transactions are due 30 to 90 days after the date of delivery, open
account 60 days or negotiated by both parties, which are similar to those for third parties.
B. Purchases of goods and services:
Purchase terms are open account 45 to 120 days, 45 to 90 days after the date of acceptance or
within 1 to 6 months, which are similar to those for third parties.
C. Trade receivables and other receivables:
The trade receivables arise mainly from sales transactions, unsecured in nature and bear no
interest.
2014 2013
Sales of goods
-Associates 44,294$ 76,347$
-Others 1,857 1,358
46,151$ 77,705$
For the years ended December 31,
2014 2013
Purchases of goods
-Associates 31,297$ 22,397,977$
-Others 642,292 453,906
Purchases of services .
-Associates 649 128,900
-Others 16,142 22,590
690,380$ 23,003,373$
For the years ended December 31,
2014/12/31 2013/12/31
Trade receivables
-Associates 215$ 229$
-Others 351 251
566 480
Other receivables
-Associates 356 464
-Others 40 -
396 464
962$ 944$