Asus 2014 Annual Report Download - page 251

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Depositary may issue new GDRs in proportion to GDRs holding ratios or raise the
number of shares of common stock represented by each unit of GDR or sell stock
dividends on behalf of GDR holders and distribute proceeds to them in proportion to
their GDRs holding ratios.
C. Treasury shares
(A) To enhance the Company’s credit and shareholders’ equ it y, t he Company reacquired its
treasury shares. During the period from July 2, 2013 to August 20, 2013, the shares
reaquired were 10,000,000 shares, amounting to $2,525,987. All of the treasury shares
had been retired on November 21, 2013.
(B) Pursuant to R.O.C. Securities and Exchange Law, the number of shares bought back as
treasury shares should not exceed 10% of the number of the Company’s issued and
outstanding shares and the amount bought back should not exceed the sum of retained
earnings, paid-in capital in excess of par value and realized capital surplus.
(C) Pursuant to R.O.C. Securities and Exchange Law, treasury shares should not be pledged
as collateral and the shareholder’s rights should not be enjoyed before transfer.
(D) Pursuant to R.O.C. Securities and Exchange Law, treasury shares should be transferred
to the employees within three years from the reacquisition date and shares not
transferred within the three-year period should be retired. Treasury shares to enhance
the Company’s credit and the shareholders’ equity should be retired within six months
from the reacquisition date.
(12) Capital surplus
Pursuant to R.O.C. Company Law, capital surplus arising from paid-in capital in excess of par
value on issuance of common stocks and donations can be used to cover accumulated deficit or
to issue new stocks or cash to shareholders in proportion to their share ownership, provided that
the Company has no accumulated deficit. Further, R.O.C. Securities and Exchange Law requires
that the amount of capital surplus to be capitalised mentioned above should not exceed 10% of
the paid-in capital each year. Capital surplus should not be used to cover accumulated deficit
unless the legal reserve is insufficient.
Difference between Changes in
proceeds from associates and joint
acquisition or disposal
ventures accounted
of subsidiary and for under
Share premium book value equity method Total
At January 1, 2014 4,227,966$ 227,466$ 3,195)($ 4,452,237$
Effect of changes in - 942)( 1,462 520
percentage of
ownership
At December 31, 2014
4,227,966$ 226,524$ 1,733)($ 4,452,757$