Asus 2014 Annual Report Download - page 244
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240
(2) Critical accounting estimates and assumptions
A. Impairment assessment of investments accounted for under equity method
The Company assesses the impairment of an investment accounted for under equity method as
soon as there is any indication that it might have been impaired and its carrying amount cannot
be recoverable. The Company assesses the recoverable amounts of an investment accounted for
under equity method based on the present value of the Company’s share of expected future cash
flows of the investee, and analyzes the reasonableness of related assumptions.
As of December 31, 2014, the Company’s investments accounted for under equity method, net
of impairment loss, amounted to $60,228,278.
B. Evaluation of inventories
Due to the rapid technology innovation, the Company evaluates the amounts of normal
inventory consumption, obsolete inventories or inventories without market selling value on end
of the financial reporting period, and writes down the cost of inventories to the net realizable
value. Such an evaluation of inventories is principally based on the demand for the products
within the specified period in the future. Therefore, there might be material changes to the
evaluation.
As of December 31, 2014, the carrying amount of inventories was $34,950,418.
6. DETAILS OF SIGNIFICANT ACCOUNTS
(1) Cash and cash equivalents
The Company has no cash and cash equivalents pledged to others.
(2) Financial assets at fair value through profit or loss
A. The Company recognized net gain on financial assets held for trading amounting to $40,276
and $53,840 for the years ended December 31, 2014 and 2013, respectively.
B. The Company has no financial assets at fair value through profit or loss pledged to others.
2014/12/31 2013/12/31
Cash on hand and petty cash 250$ 250$
Checking accounts and demand 595,925 4,696
deposits
Time deposits 20,362,334 24,257,875
20,958,509$ 24,262,821$
2014/12/31 2013/12/31
Current:
Financial assets held for trading
Open-end funds 3,289,216$ 7,461,838$
Convertible bonds 131,535 76,068
3,420,751$ 7,537,906$