Asus 2014 Annual Report Download - page 249

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The Company has no property, plant and equipment pledged to others.
(9) Pensions
A. (A) The Company has a defined benefit pension plan in accordance with the Labor Standards
Law, covering all regular employees’ service years prior to the enforcement of the Labor
Pension Act on July 1, 2005 and service years thereafter of employees who chose to
continue to be subject to the pension mechanism under the Law. Under the defined
benefit pension plan, two units are accrued for each year of service for the first 15 years
and one unit for each additional year thereafter, subject to a maximum of 45 units.
Pension benefits are based on the number of units accrued and the average monthly
salaries and wages of the last 6 months prior to retirement. The Company contributes
monthly an amount equal to 2% of the employees’ monthly salaries and wages to the
retirement fund deposited with Bank of Taiwan, the trustee, under the name of the
independent retirement fund committee. In addition, except for a few foreign employees,
the Company had settled its financial obligations to its employees on December 31, 2007.
(B) The Company contributes 2% of the employees’ monthly salaries and wages for a few
foreign employees in accordance with R.O.C. Labor Standards Law to an independent
retirement trust fund, with the Bank of Taiwan, the trustee. The pension costs under the
above pension plan were $794 and $675 for the years ended December 31, 2014 and 2013,
respectively.
B. Effective July 1, 2005, the Company has established a defined contribution pension plan
(New Plan) under the Labor Pension Act, covering all regular employees with R.O.C.
nationality. Under the New Plan, the Company contributes monthly an amount based on 6%
of the employees’ monthly salaries and wages to the employees’ individual pension accounts
at the Bureau of Labor Insurance. The benefits accrued are paid monthly or in lump sum upon
Machinery and Miscellaneous
Land Buildings equipment equipment Total
At January 1, 2013
Cost 981,191$ 2,312,270$ 462,029$ 2,248,826$ 6,004,316$
Accumulated depreciation - 437,531)( 252,244)( 1,312,434)( 2,002,209)(
and impairment
981,191$ 1,874,739$ 209,785$ 936,392$ 4,002,107$
At January 1, 2013 981,191$ 1,874,739$ 209,785$ 936,392$ 4,002,107$
Additions - - 105,203 1,710,501 1,815,704
Disposals - - - 7)( 7)(
Depreciation - 47,390)( 87,488)( 1,397,443)( 1,532,321)(
Reclassifications - - 450 154,403 154,853
At December 31, 2013 981,191$ 1,827,349$ 227,950$ 1,403,846$ 4,440,336$
At December 31, 2013
Cost 981,191$ 2,312,270$ 567,532$ 4,095,092$ 7,956,085$
Accumulated depreciation - 484,921)( 339,582)( 2,691,246)( 3,515,749)(
and impairment
981,191$ 1,827,349$ 227,950$ 1,403,846$ 4,440,336$