Asus 2015 Annual Report Download - page 260

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(12) 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 outstanding capital was $7,427,603 with a par value of $10
(in dollars) per share. All proceeds from shares issued have been collected.
The number of the Company’s ordinary shares outstanding at the beginning and ending for
the years ended December 30, 2015 and 2014 are both 742,760,280 shares.
B. As of December 31, 2015, the Company issued Global Depositary Receipts (GDRs), of which
5,694,000 units of the GDRs are now listed on the Luxembourg Stock Exchange. Per unit of
GDR represents 5 shares of the Company’s common stock and total GDRs represent
28,468,000 shares of the Company’s common stock. The terms of GDR are as follows:
(A) Voting rights
GDR holders may, pursuant to the Depositary Agreement and the relevant laws and
regulations of R.O.C., exercise the voting rights pertaining to the underlying common
shares represented by the GDRs.
(B) Dividends, stock warrants and other rights
GDR holders and common shareholders are all entitled to receive dividends. The
Depositary may issue new GDRs in proportion to GDRs holding ratios or raise the
number of shares of common stock represented by each unit of GDR or sell stock
dividends on behalf of GDR holders and distribute proceeds to them in proportion to their
GDRs holding ratios.
(13) Capital surplus
Pursuant to R.O.C. Company Law, capital surplus arising from paid-in capital in excess of par
value on issuance of common stocks and donations can be used to cover accumulated deficit or
to issue new stocks or cash to shareholders in proportion to their share ownership, provided that
the Company has no accumulated deficit. Further, R.O.C. Securities and Exchange Law requires
that the amount of capital surplus to be capitalised mentioned above should not exceed 10% of
the paid-in capital each year. Capital surplus should not be used to cover accumulated deficit
unless the legal reserve is insufficient.
2015/12/31 2014/12/31
Share premium 4,227,966$ 4,227,966$
Difference between proceeds from acquisition 487,894 226,524
or disposal of subsidiary and book value
Changes in subsidiaries associates and joint ventures 3,793 1,733)(
accounted for under equity method
Total 4,719,653$ 4,452,757$