D-Link 2004 Annual Report Download - page 25

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See accompanying notes to consolidated financial statements.
D-LINK CORPORATION AND SUBSIDIARIES
Consolidated Balance Sheets
December 31, 2003 and 2004
(in thousands of New Taiwan dollars)
Assets 2003 2004
Current assets:
Cash and cash equivalents (note 3) $ 3,074,750 3,826,361
Short-term investments (note 4) 3,511,432 1,364,172
Notes and accounts receivable, net (note 5) 4,478,961 5,643,083
Receivables from related parties (note 18) 208,365 148,327
Other financial assets - current 150,866 138,423
Inventories (note 6) 5,082,165 6,042,779
Other current assets (note 16) 939,073 855,923
Restricted assets (note 19) 894,756 1,595,013
Total current assets 18,340,368 19,614,081
Long-term investments (notes 7 and 18):
Long-term investments under equity method 1,411,268 1,476,267
Long-term investments under cost method 806,490 675,006
Total long-term investments 2,217,758 2,151,273
Other financial assets - noncurrent (note 19) 37,483 40,589
Property, plant and equipment (notes 9 and 19):
Land 95,949 38,472
Buildings and improvements 2,183,773 1,729,264
Machinery and equipment 1,250,892 1,452,677
Other equipment 528,429 586,234
4,059,043 3,806,647
Less: accumulated depreciation (1,315,717) (1,498,797)
Construction in progress and prepayment for
purchases of machinery and equipment 4,258 21,551
Net property, plant and equipment 2,747,584 2,329,401
Other assets:
Assets held for lease and idle assets (notes 8 and 9) - 1,222,722
Others (notes 13 and 16) 427,880 517,461
Total other assets 427,880 1,740,183
Total assets $ 23,771,073 25,875,527
Liabilities and Stockholders' Equity 2003 2004
Current liabilities:
Short-term borrowings (note 10) $ 2,587,598 4,642,867
Notes and accounts payable 4,694,414 3,293,077
Payables to related parties (note 18) 718,177 1,435,409
Current portion of long-term debts (notes 11 and 12) 2,405,966 235,533
Other current liabilities 2,166,292 2,653,552
Total current liabilities 12,572,447 12,260,438
Long-term liabilities bearing interest:
Long-term debts and lease obligations payable,
excluding current installments (note 12) 223,266 21,744
Other liabilities:
Accrued pension (note 13) 154,532 -
Minority interest 71,265 1,686,789
Deferred income tax liability and others (notes 16
and 18)
170,895 244,292
Advance receipts for capital increase from minority
shareholders 435,240 -
Total other liabilities 831,932 1,931,081
Total liabilities 13,627,645 14,213,263
Stockholders’ equity (note 14):
Common stock 5,137,771 5,475,211
Capital surplus 2,940,261 2,894,829
Retained earnings:
Legal reserve 610,282 747,696
Unappropriated earnings 1,724,066 2,929,260
2,334,348 3,676,956
Unrealized valuation losses on long-term equity
investment - (86,840)
Foreign currency translation adjustment 197,719 150,824
Treasury stock (466,671) (448,716)
Total stockholders’ equity 10,143,428 11,662,264
Commitments and contingencies (note 20)
Total liabilities and stockholders’ equity $ 23,771,073 25,875,527