Crucial 2011 Annual Report Download - page 187
Download and view the complete annual report
Please find page 187 of the 2011 Crucial 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.-
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
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112
-
113
-
114
-
115
-
116
-
117
-
118
-
119
-
120
-
121
-
122
-
123
-
124
-
125
-
126
-
127
-
128
-
129
-
130
-
131
-
132
-
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177 -
178 -
179 -
180 -
181 -
182 -
183 -
184 -
185 -
186 -
187 -
188 -
189 -
190 -
191 -
192 -
193 -
194 -
195 -
196 -
197 -
198
-
199
-
200
-
201
-
202
-
203
-
204
 |
 |
36
INOTERA MEMORIES, INC.
NOTES TO FINANCIAL STATEMENTS
(iv)
Transactions of property, plant and equipment
(1)
On May 1, 2009, the Company formally contracted with MTC to buy MTC’
s machinery and equipment of
$2,593,000, which is payable in two installments. The first installment of $689,500 was non-
interest bearing and was
paid on January 1, 2010. The final installment of $1,903,500 is payable on or before January 1, 2011 (classified under
other payables -
related parties) with interest at the rate based on the contract requirement. As of December 31, 2010,
the unpaid interest expense (classified under other payables - related parties) was $19,991.
(2)
On May 28, 2010, the Company signed a contract with NTC to purchase NTC’
s pump equipment of $5,150. As of
December 31, 2010, the total purchase price has fully been paid.
(3)
In 2010, the Company sold idle assets -
machinery and equipment for $14,157 to NTC. The gain on disposal of
machinery and equipment amounted to $878, which was classified under non-operating income and gains -
others. As
of December 31, 2010, the uncollected receivable from this transaction amounted to $14,106, including value added
tax, which was classified under other receivables.
(4)
On December 16, 2009, the Company formally contracted with NTC to sell for $14,852 internet equipment with book
value of $6,326, and realized a gain on disposal of $8,526, which was accounted for under other income -
others. As
of December 31, 2009 and 2010, the uncollected receivable of $15,595, including tax value add, and $0, respectively,
was classified under other receivables - related parties.
(v)
Lease contracts
The Company signed lease contracts with NTC with effective dates commencing from July 1, 2005 and January 1, 2009.
Refer to notes 7 and 9 for details.
(vi)
Other significant transactions
(1)
Other receivables—related parties arising from other transactions were as follows:
(Continued)
December 31,
2009
2010
NTC (equipment maintenance fees)
$
1,511
-