D-Link 2005 Annual Report Download - page 59
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D-LINK CORPORATION AND SUBSIDIARIES
Notes to Consolidated Financial Statements
(Continued)
5. Related-party Transactions
(a) The name and relationship of the related parties with which D-Link and its subsidiaries had
significant transactions are shown below:
Name Relationship
D-Link India Ltd. (DIL) Investee
Cameo Communications, Inc. (CCI) Investee
Cellvision System Inc. (CSI) Investee
Bothhand Enterprise Inc. (BEI) Investee
Quie Tek Corp. (QTC) Investee
Abocom Systems, Inc. (ACS) YCI has one seat on ACS’s board of directors
Lanner Electronics Inc.(LEI) YCI has one seat on LEI’s board of directors
Z-Com, Inc. (Z-Com) YCI has one seat on Z-Com’s board of
directors
Dray Tek Corp. (DTC) YCI has one seat on DTC’s board of directors
Global Sun Electronic Inc. (GSEI) GSEI and CCI signed a stock-exchange
contract in May 2005
(b) Significant transactions with related parties as of and for the years ended December 31, 2005 and
2004, are summarized below:
(1) Sales
2005 2004
Amount
Percentage
of net sales
Amount
Percentage
of net sales
DIL $ 329,482 1 298,104 1
CCI 90,065 - 129,267 -
Others 49,908 - 67,429 -
$ 469,455 1 494,800 1
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.