D-Link 2005 Annual Report Download - page 25

Download and view the complete annual report

Please find page 25 of the 2005 D-Link annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 67

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67

See accompanying notes to consolidated financial statements.
D-LINK CORPORATION AND SUBSIDIARIES
Consolidated Balance Sheets
December 31, 2005 and 2004
(in thousands of New Taiwan dollars)
Assets 2005 2004
Current assets:
Cash and cash equivalents (note 4(a)) $ 2,231,228 3,826,361
Short-term investments (note 4(b)) 393,600 1,364,172
Notes and accounts receivable, net (note 4(c)) 6,793,764 5,643,083
Receivables from related parties (note 5) 159,817 148,327
Other financial assets - current (note 4(n)) 429,711 138,423
Inventories (note 4(d)) 6,798,202 6,042,779
Other current assets (notes 4(m) and 5) 765,678 855,923
Restricted assets (note 6) 194,540 1,595,013
Total current assets 17,766,540 19,614,081
Long-term investments (notes 4(e)):
Long-term investments under equity method 1,540,853 1,476,267
Long-term investments under cost method 675,624 675,006
Total long-term investments 2,216,477 2,151,273
Other financial assets - noncurrent (note 6) 78,178 40,589
Property, plant and equipment (note 4(f)):
Land 569,925 38,472
Buildings and improvements 2,072,674 1,729,264
Machinery and equipment 1,196,289 1,452,677
Other equipment 593,597 586,234
4,432,485 3,806,647
Less: accumulated depreciation (1,189,593) (1,498,797)
Construction in progress and prepayment for purchases of machinery and
equipment 96,801 21,551
Net property, plant and equipment 3,339,693 2,329,401
Other assets:
Assets held for lease and idle assets (notes 3 and 4(f)) 250,212 1,222,722
Deferred expenses and others (note 4(j)) 487,795 517,461
Total other assets 738,007 1,740,183
Total assets $ 24,138,895 25,875,527
Liabilities and Stockholders' Equity 2005 2004
Current liabilities:
Short-term borrowings (note 4(g)) $ 921,647 4,642,867
Notes and accounts payable 3,742,735 3,293,077
Payables to related parties (note 5) 1,599,083 1,435,409
Income tax payable 507,614 361,405
Accrued expenses 2,382,304 1,567,077
Current portion of long-term debts (notes 4(h) and (i)) 5,938 235,533
Other current liabilities 638,303 725,070
Total current liabilities 9,797,624 12,260,438
Long-term lease obligations payable (note 4i) 11,049 21,744
Other liabilities:
Deferred income tax liability and others (notes 4(m) and 5) 262,770 244,292
Total liabilities 10,071,443 12,526,474
Stockholders’ equity (notes 4(h) and (k)):
Common stock 6,091,618 5,475,211
Capital surplus 2,435,023 2,894,829
Retained earnings:
Legal reserve 1,007,789 747,696
Unappropriated earnings 2,943,650 2,929,260
3,951,439 3,676,956
Other adjustments to stockholders’ equity:
Unrealized loss on market value decline of long-term equity investments (56,617) (86,840)
Accumulated translation adjustment 136,533 150,824
Treasury stock (448,716) (448,716)
(368,800) (384,732)
Total parent company stockholders’ equity 12,109,280 11,662,264
Minority interest 1,958,172 1,686,789
Total stockholders’ equity 14,067,452 13,349,053
Commitments and contingencies (note 7)
Total liabilities and stockholders’ equity $ 24,138,895 25,875,527