D-Link 2001 Annual Report Download - page 27

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See accompanying notes to consolidated financial statements.
D-LINK CORPORATION AND SUBSIDIARIES
Consolidated Statements of Income
Years ended December 31, 2000 and 2001
(In thousands of New Taiwan dollars, except for net income per common share)
2000 2001
Sales (note 17) $ 13,933,500 17,608,949
Cost of goods sold (note 17) 10,253,787 12,830,488
3,679,713 4,778,461
Net changes in unrealized inter-company profits (372) (27,423)
Gross profit 3,679,341 4,751,038
Operating expenses (note 17):
Selling 2,381,233 3,134,104
Administrative 398,315 423,339
Research and development 492,532 676,870
3,272,080 4,234,313
Operating income 407,261 516,725
Non-operating income:
Interest income (note 17) 41,936 70,901
Gain on disposal of investments, net 369,596 236,845
Investment income, net (note 7) 238,502 324,119
Exchange gain, net 53,171 207,370
Other income (note 19) 41,310 -
744,515 839,235
Non-operating expenses:
Interest expense (note 12) 191,353 130,328
Loss on inventory obsolescence and devaluation 131,243 176,145
Other loss (note 19) - 31,904
322,596 338,377
Income before income tax and minority interest 829,180 1,017,583
Income tax expense (note 15) 6,502 68,031
Income before minority interest 822,678 949,552
Net loss attributed to minority interest 8,492 5,456
Net income $ 831,170 955,008
Net income per common share $ 2.26 2.15