D-Link 2013 Annual Report Download - page 17
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Please find page 17 of the 2013 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.Independent Auditors’ Report
The Board of Directors
D-LINK CORPORATION:
We have audited the accompanying consolidated balance sheets of D-LINK CORPORATION and subsidiaries
as of December 31, 2013, and December 31 and January 1, 2012, and the related consolidated statements of
income, changes in equity, and cash flows for the years then ended. These consolidated financial statements
are the responsibility of D-Link’s management. Our responsibility is to express an opinion on these consolidated
financial statements based on our audits. We did not audit the financial statements of certain subsidiaries
accounted in the consolidated financial statements, and our opinion on the amounts presented in the financial
statements of certain subsidiaries is based on the reports of other auditors. The total assets of the subsidiaries
recognized were $4,471,907 thousand, $4,256,935 thousand and $4,892,253 thousand, constituting 18%, 17%
and 18% of the consolidated total assets, as of December 31, 2013 and 2012, and January 1, 2012, respectively
and the net operating revenues of the subsidiaries recognized were $9,285,857 thousand and $10,459,786,
thousand, constituting 30% and 32% of the consolidated net operating revenues, for the years ended December
31, 2013 and 2012, respectively. The investment in associates accounted for under the equity method
amounted to $322,577 thousand, $260,063 thousand and $289,201 thousand, constituting 1% of the consolidated
total assets as of December 31, 2013 and 2012, and January 1, 2012, respectively and the related investment
income were $7,248 thousand and $27,992 thousand, constituting 1% and 3% of the consolidated income before
income taxes, for the years ended December 31, 2013 and 2012, respectively.
We conducted our audits in accordance with accounting principles generally accepted in the Republic of China
and the “Regulations Governing Auditing and Certification of Financial Statements by Certified Public
Accountants.” Those standards and regulations require that we plan and perform the audit to obtain reasonable
assurance about whether the financial statements are free of material misstatement. An audit includes
examining, on a test basis, evidence supporting the amounts and disclosures in the consolidated financial
statements. An audit also includes assessing the accounting principles used and significant estimates made by
management, as well as evaluating the overall consolidated financial statement presentation. We believe that
our audits and the reports of the other auditors provide a reasonable basis for our opinion.