Asus 2015 Annual Report Download - page 206

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202
~50~
(17) Provisions for liabilities
Analysis of total provisions:
A. Provisions for warranty
The Group provides warranties on 3C products sold. Provision for warranty is estimated based
on these products’ historical warranty data. A provision is recognized as current when it is
expected to be used in one year.
B. Provisions for sales returns and discounts
The Group allows sales returns and gives discounts on 3C products sold. Provision for sales
returns and discounts is estimated based on these products’ historical data and other known
factors. A provision is recognized as current when it is expected to be used in one year.
C. Provisions for legal claims and royalty
The Group recognizes provision for legal claims or royalty fees made by the patentees against
the Group. After taking appropriate legal advice, the management evaluates the probable
claimable fees accrued as provision for liabilities. The provision charge is recognized in profit
or loss within operating costs and expenses.
(18) Common shares
A. As of December 31, 2015, the Company’s authorized capital was $47,500,000, consisting of
4,750,000,000 shares of common stock (including 50,000,000 shares which were reserved for
employee stock options), and the paid-in capital was $7,427,603, with a par value of $10 (in
Provisions for Provisions for
Provisions for sales returns legal claims
warranty and discounts and royalty Total
January 1, 2015 11,454,228$ 18,708,316$ 6,267,884$ 36,430,428$
Recognition (reversal) 16,712,309 35,418,554 1,650,726 53,781,589
Write-offs 16,056,698)( 36,588,466)( 370,786)( 53,015,950)(
Net exchange differences 222,901 372,308 245,419 840,628
December 31, 2015 12,332,740$ 17,910,712$ 7,793,243$ 38,036,695$
Provisions for Provisions for
Provisions for sales returns legal claims
warranty and discounts and royalty Total
January 1, 2014 10,773,970$ 16,581,206$ 5,094,257$ 32,449,433$
Recognition (reversal) 13,723,750 39,204,797 1,424,394 54,352,941
Write-offs 13,561,830)( 38,016,980)( 551,737)( 52,130,547)(
Net exchange differences 518,338 939,293 300,970 1,758,601
December 31, 2014 11,454,228$ 18,708,316$ 6,267,884$ 36,430,428$
2015/12/31 2014/12/31
Current 38,036,695$ 36,430,428$