Asus 2015 Annual Report Download - page 242

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B. Translation of foreign operations
(A) The financial performance and financial position of all the subsidiaries and associates that
have a functional currency different from the presentation currency are translated into the
presentation currency as follows:
a. Assets and liabilities for each balance sheets presented are translated at the closing
exchange rate at the end of the financial reporting period;
b. Income and expenses for each statement of comprehensive income are translated at
average exchange rates of that period; and
c. All resulting exchange differences are recognized in other comprehensive income.
(B) When the foreign operation partially disposed of or sold is an associate, exchange
differences that were recorded in other comprehensive income are proportionately
reclassified to profit or loss as part of the gain or loss on sale. In addition, if the Company
still retains partial interests in the former foreign associate after losing significant influence
over the former foreign associate, such transactions should be accounted for as disposal of
all interest in these foreign operations.
(C) When the foreign operation partially disposed of or sold is a subsidiary, cumulative
exchange differences that were recorded in other comprehensive income are
proportionately transferred to the non-controlling interest in this foreign operation. In
addition, if the Company still retains partial interests in the former foreign subsidiary after
losing control of the former foreign subsidiary, such transactions should be accounted for as
disposal of all interest in these foreign operations.
(4) Classification of current and non-current items
A. Assets that meet one of the following criteria are classified as current assets:
(A) Assets arising from operating activities that are expected to be realized, or are intended to
be sold or consumed within the normal operating cycle;
(B) Assets held mainly for trading purposes;
(C) Assets that are expected to be realized within twelve months from the end of the financial
reporting period;
(D) Cash and cash equivalents, excluding restricted cash and cash equivalents and those that are
to be exchanged or used to pay off liabilities more than twelve months after the end of the
financial reporting period.
Otherwise they are classified as non-current assets.
B. Liabilities that meet one of the following criteria are classified as current liabilities:
(A) Liabilities that are expected to be paid off within the normal operating cycle;
(B) Liabilities arising mainly from trading activities;
(C) Liabilities that are to be paid off within twelve months from the end of the financial
reporting period;
(D) Liabilities for which the repayment date cannot be extended unconditionally to more than
twelve months after the end of the financial reporting period. Terms of a liability that could,
at the option of the counterparty, result in its settlement by the issue of equity instruments
do not affect its classification.
Otherwise they are classified as non-current liabilities.