Page 92 - 國合會2016電子書-西文

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4. CASH AND CASH EQUIVALENTS

December 31, 2016 December 31, 2015
Petty cash $ 110,000 $ 110,000
Demand deposits 727,363,660 815,500,032
Checking deposits - 511,656
Time deposits 6,147,336,537 6,664,928,238
6,874,810,197 7,481,049,926
Cash equivalents
- Bonds purchased under resale agreements - 150,164,089
Total $ 6,874,810,197 $ 7,631,214,015

5. AVAILABLE FOR SALE FINANCIALASSTES – NON-CURRENT

December 31, 2016 December 31, 2015
Non-current items
Exchange Trade Funds $ 57,373,616 $ 291,975,523
Valuation adjustments 1,143,384 ( 4,871,023 )
Total $ 58,517,000 $ 287,104,500
1) The Foundation recognised change in fair value of $1,143,384 and ($4,871,023) for the years ended December 31, 2016 and 2015, respectively.
The disposal gain of availablefor-sale financial assets is recognised as current gain as shown below:
For the Years ended For the Years ended
December 31, 2016 December 31, 2015
Proceeds from sale of financial assets in available-for-sale $ 325,638,210 $ -
Book value ( 291,975,523 ) -
$ 33,662,687 $ -
2) The fair values of investment in exchange traded funds are based on the closing price in market on balance sheet date.

6. HELD-TO-MATURITY FINANCIALASSETS

December 31, 2016 December 31, 2015
Current items
Corporate bonds $ 89,032,316 $ 91,540,422
Non-current items
Corporate bonds $ 3,352,980,360 $ 2,508,942,147
Government bonds 93,452,974 94,073,918
$ 3,446,433,334 $ 2,603,016,065

7. OTHER RECEIVABLES

December 31, 2016 December 31, 2015
Accounts receivable $ 1,420,816 $ -
Interest receivable 98,100,329 106,557,729
Retained money receivable on completed projects 48,654,449 211,623,037
148,175,594 318,180,766
Less: Allowance for doubtful accounts € 724,993 ? € 748,774 ?
$ 147,450,601 $ 317,431,992

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