D-Link 2005 Annual Report Download - page 53
Download and view the complete annual report
Please find page 53 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.25
D-LINK CORPORATION AND SUBSIDIARIES
Notes to Consolidated Financial Statements
(Continued)
December 31,
2005 2004
Deferred tax assets — current:
Investment tax credits $ 27,099 80,929
Unrealized inter-company profits 61,447 155,311
Unrealized foreign exchange loss (gain), net 8,122 11,931
Allowance for decline in value of inventories 168,025 134,029
Provision for doubtful accounts over statutory limitation 106,699 71,933
Allowance for maintenance service cost 125,656 31,485
Unrealized expenses 83,438 -
Others 27,229 9,914
607,715 495,532
Less: valuation allowance (311,675) (120,576)
296,040 374,956
Deferred tax liabilities — current:
Unrealized foreign exchange gain, net (8,100) -
Others (13,710) -
(21,810) -
Net current deferred tax assets $ 274,230 374,956
Deferred tax assets — noncurrent:
Investment tax credits $ 132,298 90,110
Loss carryforward 346,080 473,500
Accrued pension cost 19,139 14,675
Investment loss on long-term equity investments in foreign
entities
47,844 26,927
Others 28,137 16,063
573,498 621,275
Less: valuation allowance (509,124) (576,999)
64,374 44,276
Deferred tax liabilities — noncurrent:
Prepaid pension cost - (24,153)
Allowance for loss on foreign investments (170,388) (131,689)
Foreign currency translation adjustment (57,146) (50,274)
(227,534) (206,116)
N
et noncurrent deferred tax liabilities $ (163,160) (161,840)
Total deferred tax assets $ 913,269 1,116,807
Total deferred tax liabilities $ (249,344) 206,116
Valuation allowance for deferred tax assets $ 552,855 697,575