Asus 2015 Annual Report Download - page 165

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ASUSTEK COMPUTER INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
FOR THE YEARS ENDED DECEMBER 31, 2015 AND 2014
(EXPRESSED IN THOUSANDS OF NEW TAIWAN DOLLARS,
EXCEPT AS OTHERWISE INDICATED)
1. HISTORY AND ORGANIZATION
(1) ASUSTEK COMPUTER INC. (ASUS or the Company) was established in the Republic of China
(R.O.C.). The Company is primarily engaged in the design, R&D and sales of 3C products
(including PCs, main boards, other boards and cards, tablet PCs, smart phones and other handheld
devices, etc.).
(2) The Company resolved to spin-off its OEM businesses on January 1, 2008. Pursuant to the
Company’s resolution, the Company transferred its computer OEM, design and manufacture of
computer cases and molds and non-computer OEM businesses to its spun-off subsidiaries,
PEGATRON CORPORATION (PEGA) and UNIHAN CORPORATION, respectively. On June 1,
2010, however, the Company transferred further its OEM assets and business (the Company’s
investments accounted for under equity method in PEGA) to the Company’s another investee,
PEGATRON INTERNATIONAL INVESTMENT CO. LTD. (PII). PII issued new shares to the
Company and its shareholders as consideration. On April 29, 2013, the Company disposed the
partial shares of PEGA and reduced the ownership percentage to less than 20%.
2. THE DATE OF AUTHORIZATION FOR ISSUANCE OF THE CONSOLIDATED FINANCIAL
STATEMENTS AND PROCEDURES FOR AUTHORIZATION
These consolidated financial statements were authorized for issuance by the Board of Directors on
March 17, 2016.
3. APPLICATION OF NEW STANDARDS, AMENDMENTS AND INTERPRETATIONS
(3) Effect of the adoption of new issuances of or amendments to International Financial Reporting
Standards as endorsed by the Financial Supervisory Commission (“FSC”)
According to Financial-Supervisory-Securities-Auditing No. 1030010325 issued by FSC on April 3,
2014, commencing 2015, companies with shares listed on the TWSE or traded on the Taipei
Exchange or Emerging Stock Market shall adopt the 2013 version of IFRS (not including IFRS 9,
‘Financial instruments’) as endorsed by the FSC and Regulations Governing the Preparation of
Financial Reports by Securities Issuers effective January 1, 2015 (collectively referred herein as
“the 2013 version of IFRS”) in preparing the consolidated financial statements. The impact of
adopting the 2013 version of IFRS is listed below:
A. IAS 1, ‘‘Presentation of financial statements’’
The amendment requires entities to separate items presented in other comprehensive income
(OCI) classified by nature into two groups on the basis of whether they are potentially