D-Link 2004 Annual Report Download - page 60
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32
D-LINK CORPORATION AND SUBSIDIARIES
Notes to Consolidated Financial Statements
(Continued)
(2) Significant transactions with related parties as of and for the years ended December 31, 2003 and
2004, are summarized below:
(a) Sales
2003 2004
Amount
Percentage
of net sales
Amount
Percentage
of net sales
DIL $ 230,562 1 298,104 1
CCI 76,069 - 129,267 -
Others 550,367 2 67,429 -
$ 856,998 3 494,800 1
The above sales amount of CCI included the royalty income of $2,390 thousand and $0
thousand in the years 2003 and 2004, respectively.
The average credit terms extended to related parties and third-party customers were
approximately 30-90 days. However, credit terms to related parties might be further extended
when necessary.
(b) Purchases and others
2003 2004
Amount
Percentage
of net
purchases
Amount
Percentage
of net
purchases
GSEI $ 4,187,699 22 4,576,920 20
CCI 1,704,833 10 1,952,772 9
CSI 401,989 2 588,387 3
DIL 15,382 - 13,645 -
BEI 67,410 - 111,669 -
Others 106,891 - 79,109
$ 6,484,204 34 7,322,502 32
There are no significant differences in purchasing terms between related parties and third-
party suppliers.
If D-Links’ payable for purchases from GSEI is paid off early, there will be a discount.