Crucial 2011 Annual Report Download - page 183

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32
INOTERA MEMORIES, INC.
NOTES TO FINANCIAL STATEMENTS
Interest rate risk arises from short-term and long-
term loans. Loans issued at variable rates expose the Company to cash
flow interest rate risk. If the market interest rate increases by 1%, the cash outflow of the Company would increase by
$553,782. The Company manages its cash flow interest rate risk by using floating-to-fixed interest-
rate swaps. Such
interest rate swaps are expected to manage the interest rate fluctuation risk on conversion of loans with floating rates to
loans with fixed rates.
(Note) Micron became a related party when Qimonda AG sold all of its equity ownership in the Company to Micron effective
November 26, 2008.
(Continued)
(iv)
Interest rate risk
(20)
Related-party Transactions
(a)
Names and relationship of related parties
Name
Relationship with the Company
Nan Ya Plastics Corp. (NPC)
Common director
Nan Ya Printed Circuit Board Corp. (NYPCB)
Common director
Nanya Technology Corp. (NTC)
One of the major stockholders
MeiYa Technology Corp. (MTC)
Common chairman; joint ventures between
NTC and Micron
Micron Technology, Inc. (Micron) (note)
One of the major stockholders
Micron Semiconductor Asia Pte. Ltd. (MSA)
Subsidiary of Micron
Qimonda AG (note)
One of the major stockholders
All board of directors, supervisors, president and vice
presidents
Main echelon of management