Asus 2015 Annual Report Download - page 216

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212
(29) Transactions with non-controlling interest
Disposal of equity interest in a subsidiary (without losing control)
In July and August, 2015, the Group disposed 2.66% shares of its subsidiary - ASMEDIA for a
total cash consideration of $277,289. The carrying amount of non-controlling interest in
ASMEDIA was $34,245 at the disposal date. This transaction resulted in an increase in the equity
attributable to owners of the parent by $243,047. In November, 2015, the Group disposed
13.02% shares of its subsidiary - ONYX for a total cash consideration of $120,796. The carrying
amount of non-controlling interest in ONYX was $38,953 at the disposal date. This transaction
resulted in an increase in the equity attributable to owners of the parent by $82,575. The effect of
changes in interests in ASMEDIA and ONYX on the equity attributable to owners of the parent for
the year ended December 31, 2015 is shown below:
(30) Operating leases
The Group leases offices, warehouse and parking lots under operating lease agreements. The
Group recognized rental expenses of $1,036,647 and $948,937 for the years ended December 31,
2015 and 2014, respectively. Information about the future aggregate minimum lease payments
under non-cancellable operating leases is provided in Note 9.
7. RELATED PARTY TRANSACTIONS
(1) Parent and ultimate controlling party
The Company’s shares are widely held, so there is no ultimate parent or controlling party.
(2) Significant transactions and balances with related parties
A. Sales of goods:
The terms of the above transactions are due 30 to 90 days after the date of delivery, open
account 60 days or negotiated by both parties, which are similar to those for third parties.
For the year ended
December 31, 2015
Consideration received from non-controlling interest 398,085$
Carrying amount of non-controlling interest disposed 73,198)(
Other equity 735
Capital surplus - difference between proceeds from acquisition 325,622$
or disposal of subsidiary and book value
2015 2014
Sales of goods
-Associates 902$ 44,294$
-Others 3,182 1,857
4,084$ 46,151$
For the years ended December 31,