D-Link 2005 Annual Report Download - page 40
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D-LINK CORPORATION AND SUBSIDIARIES
Notes to Consolidated Financial Statements
(Continued)
(c) Notes and Accounts Receivable
December31,
2005 2004
Notes receivable $ 78,758 51,536
Accounts receivable 6,872,242 5,719,909
6,951,000 5,771,445
Less: allowance for doubtful accounts (157,236) (128,362)
$ 6,793,764 5,643,083
(d) Inventories
December31,
2005 2004
Finished goods $ 5,772,632 5,150,566
Work in process 422,049 422,542
Raw materials 1,409,410 1,060,757
7,604,091 6,633,865
Provision for obsolescence and devaluation (805,889) (591,086)
$ 6,798,202 6,042,779
Insurance coverage on inventories $ 5,647,716 5,699,921
(e) Long-term Investments
December 31,
2005 2004
Investee Book value
Percentage o
f
ownership Book value
Percentage o
f
ownership
Equity method:
D-Link India Ltd.(DIL) $ 466,663 36 393,973 36
Cameo Communication, Inc.
(CCI)
487,032 18 525,906 29
Bothhand Enterprise Inc. (BEI) 214,880 29 206,958 32
Cellvision System Inc. (CSI) 182,405 36 154,913 36
Quie Tek Corp. (QTC) 114,367 35 123,938 35
Others 75,506 70,579
1,540,853 1,476,267
Lower-of-cost-or-market method:
Abocom Systems, Inc. (ACS) 120,169 10 122,525 13
Dray Tek Corp.(DTC) 90,185 10 95,653 11
Lanner Electronics Inc.(LEI) 54,869 12 54,029 14
265,223 272,207