D-Link 2004 Annual Report Download - page 40

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12
D-LINK CORPORATION AND SUBSIDIARIES
Notes to Consolidated Financial Statements
(Continued)
7. Long-term Investments
Long-term investments and related investment income or loss as of and for the years ended December
31, 2003 and 2004, are summarized below:
December 31,
2003 2004
Investee Book value
Percentage o
f
ownership Book value
Percentage o
f
ownership
Equity method:
D-Link India Ltd. $ 267,801 35 393,973 36
Cameo Communication, Inc.
(CSI)
524,300 30 525,906 29
Bothhand Enterprise Inc. (BEI) 203,350 33 206,958 32
Cellvision System Inc. (CSI) 136,656 36 154,913 36
Quie Tek Corp. (QTC) 130,281 37 123,938 35
Others 148,880 70,579
1,411,268 1,476,267
Lower-of-cost-or market method:
Abocom Systems, Inc. (ACS) 278,346 18 122,525 13
Dray Tek Corp. 99,161 13 95,653 11
Lanner Electronics Inc. - - 54,029 14
377,507 272,207
Cost method:
Z-Com, Inc. (Z-Com) 103,285 7 43,804 7
IC Plus Corp. 84,068 13 92,457 13
Azure Venture Partners I, L.P. - - 97,474 3
Lanner Electronics Inc. 71,529 17 - -
Others 170,101 - 169,064 -
428,983 402,799
$ 2,217,758 2,151,273
The total investment gains related to investment accounted for under the equity method were
$196,799 thousand and $140,438 thousand for the years ended December 31, 2003 and 2004,
respectively.