Asus 2015 Annual Report Download - page 183

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reversed to the extent of the loss previously recognized in profit or loss. However, the reversal
should not exceed the carrying amount, net of depreciation or amortisation had the impairment
not been recognized.
B. The recoverable amounts of goodwill, intangible assets with an indefinite useful life and
intangible assets that have not yet been available for use shall be evaluated periodically. An
impairment loss is recognized for the amount by which the asset’s carrying amount exceeds its
recoverable amount. Impairment loss of goodwill previously recognized in profit or loss shall
not be reversed in the following years.
(20) Borrowings
Borrowings are recognized initially at fair value, net of transaction costs incurred. Borrowings are
subsequently stated at amortised cost, any difference between the proceeds net of transaction costs,
and the redemption value is recognized in profit or loss over the period of the borrowings using the
effective interest method.
(21) Notes and trade payables
Notes and trade payables are obligations to pay for goods or services that have been acquired from
supplies in the ordinary course of business. They are recognized initially at fair value and
subsequently measured at amortised cost using the effective interest method. Due to the
insignificant discount effect on the non-interest bearing short-term payables, they are measured at
the original invoice amount.
(22) Financial liabilities at fair value through profit or loss
A. Financial liabilities at fair value through profit or loss are financial liabilities held for trading
or financial liabilities designated as at fair value through profit or loss on initial recognition.
Financial liabilities are classified in this category of held for trading if held principally for the
purpose of repurchasing in the short-term. Derivatives are also categorized as financial
liabilities held for trading unless they are designated as hedges. Financial liabilities that meet
one of the following criteria are designated as at fair value through profit or loss on initial
recognition:
(A) Hybrid (combined) contracts; or
(B) They eliminate or significantly reduce a measurement or recognition inconsistency; or
(C) They are managed and their performance is evaluated on a fair value basis, in accordance
with a documented risk management policy.
B. Financial liabilities at fair value through profit or loss are initially recognized at fair value.
Related transaction costs are expensed in profit or loss. These financial liabilities are
subsequently remeasured and stated at fair value, and any changes in the fair value of these
financial liabilities are recognized in profit or loss.