D-Link 2004 Annual Report Download - page 27

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See accompanying notes to consolidated financial statements.
D-LINK CORPORATION AND SUBSIDIARIES
Consolidated Statements of Changes in Stockholders’ Equity
Years ended December 31, 2003 and 2004
(in thousands of New Taiwan dollars)
Retained Earnings
Common
stock
Capital
surplus
Legal
reserve
Special
reserve
Unappro-
priated
earnings
Unrealized
valuation
losses on
long-term
investment
Foreign
currency
translation
adjustment
Treasury
stock
Total
stockholders
’ equity
Balance at January 1, 2003 $ 5,163,307 2,790,203 523,254 275,530 1,379,825 - 117,972 (643,096) 9,606,995
Appropriation of earnings:
Legal reserve - - 87,028 - (87,028) - - - -
Directors’ and supervisors’ remuneration - - - - (15,622) - - - (15,622)
Cash dividends - - - - (735,466) - - - (735,466)
Employees’ bonuses 96,000 - - - (97,634) - - - (1,634)
Convertible bonds applying for conversion 138,664 270,719 - - - - - - 409,383
Net income for 2003 - - - - 1,374,135 - - - 1,374,135
Effect of disposal of long-term equity investments on capital
surplus
- (3,271) - - - - - - (3,271)
Foreign currency translation adjustment - - - - - - 79,747 - 79,747
Purchase of treasury stock - - - - - - - (579,045) (579,045)
Cancellation of treasury stock (260,200) (139,851) - - (355,419) - - 755,470 -
Special reserve transferred to unappropriated earnings - - - (275,530) 275,530 - - - -
Effect of disproportionate participation in investee’ s capital
increase
- 22,461 - - (14,255) - - - 8,206
Balance at December 31, 2003 5,137,771 2,940,261 610,282 - 1,724,066 - 197,719 (466,671) 10,143,428
Appropriation of earnings:
Legal reserve - - 137,414 - (137,414) - - - -
Directors’ and supervisors’ remuneration - - - - (24,734) - - - (24,734)
Cash dividends - - - - (760,450) - - - (760,450)
Employees’ bonuses 100,000 - - - (154,590) - - - (54,590)
Capital surplus transferred to common stock 253,484 (253,484) - - - - - - -
Convertible bonds applying for conversion 122,716 229,953 - - - - - - 352,669
Net income for 2004 - - - - 2,600,935 - - - 2,600,935
Effect of disposal of long-term equity investments on capital
surplus
- (49,854) - - - - - - (49,854)
Foreign currency translation adjustment - - - - - - (46,895) - (46,895)
Unrealized valuation losses on long-term equity investment - - - - - (86,840) (86,840)
Purchase of treasury stock - - - - - - - (506,820) (506,820)
Cancellation of treasury stock (138,760) (75,251) - - (310,764) - - 524,775 -
Effect of disproportionate participation in investee’ s capital
increase
- 103,204 - - (7,789) - - - 95,415
Balance at December 31, 2004 $ 5,475,211 2,894,829 747,696
- 2,929,260 (86,840)
150,824 (448,716) 11,662,264