Asus 2015 Annual Report Download - page 263

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(19) Costs and expenses by nature
(20) Employee benefit expenses
The Company’s headcount totaled 6,703 and 6,067 employees as of December 31, 2015 and
2014, respectively.
Note: Including the pension expense under the defined contribution plan and defined benefit
plan.
A. According to the Articles of Incorporation of the Company, when distributing earnings, the
Company shall distribute bonuses to the employees and pay remuneration to the directors
and supervisors that account for not less than 1% and no more than 1%, respectively, of the
total distributed amount.
However, in accordance with the Company Act amended on May 20, 2015, a company shall
distribute employee compensation, based on the current year’s profit condition, in a fixed
amount or a proportion of profits. On July 22, 2015, the Board of Directors proposed to make
the amendment relative to the appropriation of the Company’s employees’ compensation in
the Company’s Articles of Incorporation as follows: The employees’ compensation is based
on the current year’s earnings, which should be used first to cover accumulated deficit, if any,
and then the remaining balance shall be distributed: no less than 1% as employees’
compensation, and no more than 1% as directors’ and supervisors’ remuneration. The
amendment has not been resolved by shareholders.
B. For the years ended December 31, 2015 and 2014, employees’ compensation (bonus) was
accrued at $1,273,281 and $956,495, respectively; while directors’ and supervisors’
remuneration was accrued at $67,015 and $50,342, respectively. The expenses recognized for
the year of 2015 were accrued based on the earnings of current year, The employees’
compensation and directors’ and supervisors’ remuneration resolved by the board of directors
were $1,273,281 and $67,015, and the employees’ compensation will be distributed in the
form of cash. The expenses recognized for the year of 2014 were accrued based on the net
Operating Operating Operating Operating
costs expenses Total costs expenses Total
Employee benefit expenses 367,478$ 9,017,546$ 9,385,024$ 243,798$ 8,016,433$ 8,260,231$
Depreciation 73,660 218,067 291,727 1,566,977 209,721 1,776,698
Amortisation - 173,071 173,071 - 134,924 134,924
For the years ended December 31,
2015
2014
2015 2014
Wages and salaries 8,422,109$ 7,402,762$
Labor and health insurance 502,613 440,889
Pension (Note) 264,020 222,303
Other personnel expenses 196,282 194,277
9,385,024$ 8,260,231$
For the years ended December 31,