Consolidated Financial Statements - Acer Group

25ACER INCORPORATED AND SUBSIDIARIESNotes to Consolidated Financial Statements (continued)(5) Notes and accounts receivableThe Consolidated Companies entered into factoring contracts with several banks to sell part of theiraccounts receivable without recourse. As of December 31, 2011 and 2010, details of these contractswere as follows:Underwriting bankDecember 31, 2011AmountFactoringcredit limitAmountsoldadvanced(derecognized) Interest rate CollateralNT$ NT$ NT$Ifitalia Factor S.p.A. 6,013,674 3,152,555 416,047 NilChina Trust Bank 950,000 221,164 221,164 note 7(5)Taipei Fubon Bank 750,000 341,192 341,192 note 7(5)Commonwealth Bank 1,610,593 898,016 898,016 Nil9,324,267 4,612,927 1,876,419 1.02%~8.10%Underwriting bankDecember 31, 2010AmountFactoring Amount advancedcredit limit sold (derecognized) Interest rate CollateralNT$ NT$ NT$Ifitalia Factor S.p.A. 10,650,633 3,615,597 3,461,056 NilChina Trust Bank 1,000,000 227,217 227,217 note 7(5)Taipei Fubon Bank 600,000 398,989 398,989 note 7(5)La Caixa Bank 5,698,038 5,569,479 5,049,844 NilTaishin Bank 22,261,932 8,184,158 8,168,602 Nil40,210,603 17,995,440 17,305,708 0.84%~8.8%(6) Other receivableDecember 31, 2011 December 31, 2010NT$ US$ NT$Refundable income tax and VAT 2,466,542 81,431 2,465,753Receivables from reimbursement of advertisingexpense 1,529,548 50,497 1,553,181Receivables from allocation of patent royalty to 140,424 4,636 422,769othersReceivables from purchase discount 409,858 13,531 149,949Other receivables 1,650,121 54,477 3,269,2836,196,493 204,572 7,860,935(Continued)