Page 99 - 國合會2016電子書-英文

Appendix

20. PROPERTIES UNDER CUSTODIANSHIP

1) The government has placed certain assets under Taiwan ICDF’s custodianship and management. These properties
are entered into memo accounts: “Properties under Custodianship” and “Custodianship Property Payable”.
The properties under custodianship were accounted for at cost. Expenditures for major procurement, renewals and
improvements were debited to “Properties under Custodianship” and credited to “Custodianship Property Payable”.
Moreover, the repairs and maintenance expenditures shall be treated as revenues and expenditures of these projects.
Upon disposal, the cost was deducted from the book amount. As of December 31, 2016 and 2015, the book value of
fixed assets under custodianship was NT$431,460,985 and NT$268,447,640, respectively. In addition, as of December
31, 2016 and 2015, the reserve for severance pay for personnel stationed abroad in charge of the government’s
assignments, which were administered by Taiwan ICDF on behalf of government and for contracted assistants of
Taiwan ICDF amounted to NT$41,134,462 and NT$44,832,324, respectively.
2) The MOFA has engaged Taiwan ICDF to manage the Central American Economic Development Fund (ROC-CAEDF).
As of December 31, 2016 and 2015, the total amount of ROC-CAEDF was NT$8,220,475,939 and NT$8,398,455,437,
respectively, and the details of the financial assets of the ROC-CAEDF are as follows:

December 31, 2016 December 31, 2015
US$ NT$ US$ NT$
Demand deposits $ 781,203 $ 25,193,798 $ 1,085,854 $ 35,643,154

Time deposits 252,012,576 8,127,405,574 253,328,793 8,315,517,623
Interest receivable 1,900,562 61,293,133 1,382,835 45,391,567
Prepaid expenses 206,345 6,583,434 58,044 1,903,093
$ 254,900,686 $ 8,220,475,939 $ 255,855,526 $ 8,398,455,437

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