D-Link 2001 Annual Report Download - page 62

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30
D-LINK CORPORATION AND SUBSIDIARIES
Notes to Consolidated Financial Statements
(e) Guarantees
As of December 31, 2000, D-Link provided guarantees for related parties to secure their bank
loans. The details are as follows:
Borrower Credit line (in thousands)
DIL USD 2,000
WSI USD 2,000
NTD 30,000
DCNL HKD 2,150
The total amount of the above guarantees was approximately NT$179,878 as of December 31,
2001.
18. Pledged Assets
Assets pledged as collateral as of December 31, 2000 and 2001 are summarized as follows:
Pledged assets Pledged to secure 2000 2001
Time deposits Customs guarantees of the
Science-based Industrial Park
$ 7,300 7,300
19. Commitments and Contingencies
(1) Major Operating Leases
According to current leasing contracts, the minimum future leasing expenses of the land and offices
leased by D-Link and subsidiaries are as below:
Years Amount
2002 $ 66,322
2003 56,573
2004 48,835
2005 46,555
After 2006 285,758
$ 504,043
(2) As of December 31, 2000 and 2001, D-Link had outstanding letters of credit amounting to
approximately $25,735 and $76,851, respectively.
(3) As of December 31, 2000 and 2001, D-Link provided a guarantee for the payment of Javarock Ltd’ s
bank loans amounting to $99,600 and $105,120, respectively. Javarock Ltd., a Hong Kong shipping