Asus 2015 Annual Report Download - page 204

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(D) The Bank of Taiwan was commissioned to manage the Fund of the Company’s and its
domestic subsidiaries’ defined benefit pension plan in accordance with the Fund’s annual
investment and utilization plan and the “Regulations for Revenues, Expenditures,
Safeguard and Utilization of the Labor Retirement Fund” (Article 6: The scope of
utilization for the Fund includes deposit in domestic or foreign financial institutions,
investment in domestic or foreign listed, over-the-counter, or private placement equity
securities, investment in domestic or foreign real estate securitization products, etc.). With
regard to the utilisation of the Fund, its minimum earnings in the annual distributions on
the final financial statements shall be no less than the earnings attainable from the
amounts accrued from two-year time deposits with the interest rates offered by local
banks. If the earning is less than aforementioned rates, government shall make payment
for the deficit after authorized by the Regulator. The Company has no right to participate
in managing and operating that fund and hence the Company is unable to disclose the
classification of plan asset fair value in accordance with IAS19 paragraph 142. The
composition of fair value of plan assets as of December 31, 2015 and 2014 is given in the
Annual Labor Retirement Fund Utilization Report announced by the government.
Present value of Fair value of
defined benefit plan Net defined
obligations assets benefit liability
January 1, 2014 178,086)($ 198,152$ 20,066$
Current service cost 18,069)( - 18,069)(
Interest (expense) income 4,160)( 3,939 221)(
Remeasurements:
Return on plan assets - 784 784
(excluding amounts included in
interest income or expense)
Change in demographic assumptions 122)( - 122)(
Change in financial assumptions 383 - 383
Experience adjustments 16,097)( - 16,097)(
Pension fund contribution - 298 298
Paid pension 562 562)( -
Exchange difference 2,248 - 2,248
December 31, 2014 213,341)($ 202,611$ 10,730)($