Asus 2014 Annual Report Download - page 73

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Note 5: Profit ratio = Closing price per share of the year / Earning per share.
Note 6: Earning ratio = Closing price per share of the year / Cash dividend per share
Note 7: Cash dividend yield rate = Cash dividend per share / Closing price per share of the year
Note 8: Subject to the approval of the annual shareholders meeting.
Note 9: The data collected up to March 31, 2015 were included in the report printed on April 15,
2015 for data accuracy.
(6) Execution of Dividend Policy
1. Dividend Policy
The annual final net profit of the company should be appropriated for taxation to make up
for the past loss, followed by appropriating 10% of the net profit as statutory surplus
reserve. Nonetheless, the appropriation does not apply when the statutory surplus reserve
reaches the total paid-in capital of the company. Additionally, for the appropriation or
reversal of special reserve specified by the laws and regulations of the competent
authority, the balance will be deducted of 10% of the stock dividend , then appropriated
of no less than 1% as employee dividend and less than 1% as remuneration for directors
and supervisors. When paying the employee dividend through stocks, the objects must
include employees of affiliated companies and the remaining balance added with the
cumulative undistributed surplus from previous year, which will be distributed upon
reaching resolution at the Shareholders’ Meeting through the distribution proposal
developed by the Board of Directors.
In a turbulent industry environment, the company faces with a growing stage for its
corporate life cycle. In consideration of the company’s long-term financial plan and the
meeting shareholder demand for cash flow. The cash dividend issued each year shall not
remain lower than 10% of the sum of cash dividend and stock dividend. In the coming
one year, the aforementioned dividend policy shall apply.
2. Proposed Distribution of Dividends:
(1) The 2014 net income after tax was NT$19,470,409,224; when added with other
comprehensive net income, the 2014 divisible earning became NT$19,455,299,678,
which added with the retained earnings of NT$73,437,309,133 from previous year to
yield a divisible earning of NT$92,892,608,811. After appropriating statutory surplus
reserve of NT$1,947,040,922, that was distributed in accordance with the “Articles of
Incorporation” as follows (Please refer to the distribution of retained earrings table
for details):
i. Shareholder dividend: NT$742,760,280, distributed in cash.
ii.Shareholder cash dividends: NT$11,884,164,480, distributed in cash.
(2) If shareholder’s cash dividend is less than NT$ 1, the distribution will be made in the
form of cash rounded and adjusted by a specific represent arranged by the Chairman
of the Board of Directors.
(3) For earnings distribution, in case of changes in outstanding shares that causes changes
in payout ratios and require modification, the shareholder meeting is hereby requested
to authorize the Board of Directors for process within the scope of the said amount
and stock shares.
(4) The Board of Directors is authorized upon the resolution of the general shareholder
meeting to define the dividend, distribution base date, and the related events.