D-Link 2004 Annual Report Download - page 50

Download and view the complete annual report

Please find page 50 of the 2004 D-Link annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 68

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68

22
D-LINK CORPORATION AND SUBSIDIARIES
Notes to Consolidated Financial Statements
(Continued)
Information about the dividends to shareholders, directors’ and supervisors’ remuneration and
employees’ bonuses of 2002 and 2003 that were distributed from unappropriated earnings is as
follows:
2002 2003
Dividends per common share:
Cash $ 1.50 1.50
Stock (per value) - -
$ 1.50 1.50
2002 2003
Employees’ bonuses—common stock (par value) $ 96,000 100,000
Employees’ bonuses—cash 1,634 54,590
Directors’ and supervisors’ remuneration 15,622 24,734
$ 113,256 179,324
D-Link distributed employees’ stock bonuses constituting 1.86% and 1.95% of its outstanding
shares as of December 31, 2002 and 2003, respectively. Assuming that employees’ bonuses and
directors’ and supervisors’ remuneration were recognized as periodic expenses, net income per
common share for 2002 and 2003 would be adjusted to $1.44 and $2.23, respectively, in New
Taiwan dollars.
The actual distribution of employees’ bonuses and directors’ and supervisors’ remuneration for
2004 is subject to the proposal of the board of directors and a resolution of the stockholders.
Relevant information would be available on the Market Observation Post System of the Taiwan
Stock Exchange after the related meetings.
(d) Treasury stock
D-Link bought back 26,020 thousand common shares for $755,470 thousand from October to
February 2003 to maintain its credit and stockholders’ equity. Based on the resolution of D-
Link’ s board of directors, these treasury shares were cancelled on February 24, 2003, common
stock of $260,200 thousand and capital surplus of $139,851thousand were eliminated, and the
insufficiency amounting to $355,419 thousand was deducted from retained earnings.
Pursuant to the board of directors’ resolution on October 28, 2003, D-Link bought back 12,000
thousand common shares for $466,671 thousand to fulfill the purpose of its employee stock
purchasing plan. D-Link bought back 13,876 thousand common shares for $506,820 thousand in
2004 to maintain its credit and stockholders’ equity. Based on the resolution of D-Link’ s board
of directors, these treasury shares were cancelled on July 17, 2004, common stock of $105,540
thousand and capital surplus of $58,263 thousand were eliminated, and the insufficiency
amounting to $248,928 thousand was deducted from retained earnings. The capital decrease was
registered with the government authorities on August 11, 2004.