D-Link 2004 Annual Report Download - page 38

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10
D-LINK CORPORATION AND SUBSIDIARIES
Notes to Consolidated Financial Statements
(Continued)
Starting 2004, D-Link, YCI, YMI and DTVCI were able to timely obtain Bothhand Enterprise
Inc.’ s (“BEI’ s”) financial statements for the recognition of their equity method investment gain
or loss. As a result, the 2004 and 2003 investment gains or losses from BEI were all recorded in
2004. This accounting change increased D-Link and subsidiaries’ investment income by $12,106
thousand, and the effect on income from continuing operations before income tax was not
significant.
3. Cash and Cash Equivalents
December31,
2003 2004
Cash on hand; checking and savings accounts $ 2,561,926 1,722,488
Time deposits 497,824 2,089,870
Bonds with repurchase agreements 15,000 14,003
$ 3,074,750 3,826,361
4. Short-term Investments
The components of short-term investments as of December 31, 2003 and 2004, are summarized
below:
December31,
2003 2004
Publicly listed stocks $ 53,472 14,684
Mutual funds 3,474,089 1,361,470
3,527,561 1,376,154
Less: allowance for decline in market value (16,129) (11,982)
$ 3,511,432 1,364,172
Market value $ 3,526,099 1,366,218