Asus 2015 Annual Report Download - page 200
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196
A. After evaluating the carrying amount of intangible assets and its recoverable amounts, the
Group recognized impairment loss amounting to $654 and $0 for the years ended December 31,
2015 and 2014, respectively.
B. The impairment assessment of goodwill relies on the managements’ subjective judgement,
including identifying cash-generating units and determining the recoverable amounts of related
cash-generating units. The recoverable amount is determined based on the value-in-use and
industry standard, the value-in-use calculations use cash flow projections based on financial
budgets approved by the management covering a five-year period, and industy standard
calculations are determined by reference to the business market value in consideration of the
similar industries with the similar products, capital and operating revenues, etc.
C. Management determined budgeted gross margin and growth rate based on past performance
and its expectations of market development. The market valuation used are consistent with the
similar industries. The discount rates used reflect specific risks relating to the relevant
operating segments and the time value of currency in real market.
D. The Group has no intangible assets pledged to others.
(13) Long-term prepaid rents ( shown as “Other non-current assets” )
In February, 2014, September, 2013, April, 2010, November, 2008, October, 2006, and July, 2002,
the Group signed a land use right contract with Suzhiu City Government, Shanghai City
Government, Chongqing City Government and Wujiang City Government, for use of the land for
a period of 40~50 years. All rentals had been paid on the contract dates. The Group recognized
rental expenses of $36,310 and $33,345 for the years ended December 31, 2015 and 2014,
respectively.
(14) Short-term borrowings
2015/12/31 2014/12/31
Land use right 1,382,184$ 1,445,620$
Type of borrowings 2015/12/31 Interest rate range Collateral
Bank borrowings
Credit borrowings 1,818,425$ 0.82%~1.06% -
Type of borrowings 2014/12/31 Interest rate range Collateral
Bank borrowings
Credit borrowings 3,881,979$ 0.81%~1.84% -