D-Link 2001 Annual Report Download - page 56

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24
D-LINK CORPORATION AND SUBSIDIARIES
Notes to Consolidated Financial Statements
(b) Currency and interest swap agreements
As of December 31, 2000 and 2001, D-Link had several currency and interest swap agreements
outstanding. The details of the currency and interest swap contracts as of December 31, 2000
and 2001, are as follows:
2000
Notional principal
(in thousands)
Maturity
2001 Pay rate Receive rate
USD3,000 01.18 Three month USD LIBOR 5.00%
USD3,000 01.19 Three month USD LIBOR 5.00%
USD6,000 01.29 Three month USD LIBOR 5.08%
USD3,000 01.29 Three month USD LIBOR 5.05%
USD3,000 02.27 Three month USD LIBOR 5.17%
2001
Notional principal
(in thousands)
Maturity
2002 Pay rate Receive rate
USD3,000 02.27 Three month USD LIBOR 2.10%
USD2,000 02.27 Three month USD LIBOR 3.20%
USD2,000 03.04 Three month USD LIBOR 2.08%
As of December 31, 2000 and 2001, the details of currency and interest swap balances were as
follows:
December 31,
2000 2001
Currency and interest swap receivable $ 483,210 241,500
Currency and interest swap payable 501,638 241,500
$ (18,428) -
Fair value $ 3,041 (4,132)