Asus 2014 Annual Report Download - page 250

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termination of employment. The pension costs under the defined contribution pension plans
were $221,509 and $196,608 for the years ended December 31, 2014 and 2013, respectively.
(10) Provisions for liabilities
Provisions for legal claims and royalty:
Analysis of total provisions:
The Company recognizes provision for legal claims or royalty fees made by the patentees
against the Company. After taking appropriate legal advice, the management evaluates the
probable claimable fees accrued as provisions for liabilities. The provision charge is recognized
in profit or loss within operating costs and expenses.
(11) Common shares
A. As of December 31, 2014, the Company’s authorized capital was $47,500,000, consisting of
4,750,000,000 shares of common stock (including 50,000,000 shares which were reserved
for employee stock options), and the outstanding capital was $7,427,603 with a par value of
$10 (in dollars) per share. All proceeds from shares issued have been collected.
Movements in the number of the Company’s ordinary shares outstanding are as follows:
B. As of December 31, 2014, the Company issued Global Depositary Receipts (GDRs), of
which 5,691,000 units of the GDRs are now listed on the Luxembourg Stock Exchange (The
Board of Directors authorized to transfer its GDRs from the London Stock Exchange to the
Luxembourg Stock Exchange on January 30, 2013, and the change had taken effect on
March 28, 2013). Per unit of GDR represents 5 shares of the Company’s common stock and
total GDRs represent 28,456,000 shares of the Company’s common stock. The terms of
GDR are as follows:
(A) Voting rights
GDR holders may, pursuant to the Depositary Agreement and the relevant laws and
regulations of R.O.C., exercise the voting rights pertaining to the underlying common
shares represented by the GDRs.
(B) Dividends, stock warrants and other rights
GDR holders and common shareholders are all entitled to receive dividends. The
2014 2013
At January 1 2,135,835$ 906,048$
Recognition (reversal) 930,381 1,201,465
Net exchange differences 122,521 28,322
At December 31 3,188,737$ 2,135,835$
2014/12/31 2013/12/31
Current 3,188,737$ 2,135,835$
2014 2013
At January 1 742,760,280 752,760,280
Shares reacquired - 10,000,000)(
At December 31 742,760,280 742,760,280