Asus 2014 Annual Report Download - page 233

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(B) Assets held mainly for trading purposes;
(C) Assets that are expected to be realized within twelve months from the end of the financial
reporting period;
(D) Cash and cash equivalents, excluding restricted cash and cash equivalents and those that are
to be exchanged or used to pay off liabilities more than twelve months after the end of the
financial reporting period.
Otherwise they are classified as non-current assets.
B. Liabilities that meet one of the following criteria are classified as current liabilities:
(A) Liabilities that are expected to be paid off within the normal operating cycle;
(B) Liabilities arising mainly from trading activities;
(C) Liabilities that are to be paid off within twelve months from the end of the financial
reporting period;
(D) Liabilities for which the repayment date cannot be extended unconditionally to more than
twelve months after the end of the financial reporting period. Terms of a liability that could,
at the option of the counterparty, result in its settlement by the issue of equity instruments
do not affect its classification.
Otherwise they are classified as non-current liabilities.
(5) Cash equivalents
Cash equivalents refer to short-term highly liquid investments that are readily convertible to known
amount of cash and subject to an insignificant risk of changes in value. Time deposits can be
classified as cash equivalents if they meet the criteria mentioned above and are held for short-term
cash commitments in operational purpose.
(6) Financial assets at fair value through profit or loss
A. Financial assets at fair value through profit or loss are financial assets held for trading or
financial assets designated as at fair value through profit or loss on initial recognition.
Financial assets are classified in this category of held for trading if acquired principally for the
purpose of selling in the short-term. Derivatives are also categorized as financial assets held for
trading unless they are designated as hedges. Financial assets that meet one of the following
criteria are designated as at fair value through profit or loss on initial recognition:
(A) Hybrid (combined) contracts; or
(B) They eliminate or significantly reduce a measurement or recognition inconsistency; or
(C) They are managed and their performance is evaluated on a fair value basis, in accordance
with a documented risk management or investment strategy.
B. On a regular way purchase or sale basis, financial assets designated as at fair value through
profit or loss are recognized and derecognized using trade date accounting.
C. Financial assets at fair value through profit or loss are initially recognized at fair value.
Related transaction costs are expensed in profit or loss. These financial assets are subsequently
remeasured and stated at fair value, and any changes in the fair value of these financial assets
are recognized in profit or loss.