D-Link 2013 Annual Report Download - page 23
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D-LINK CORPORATION and subsidiaries
Notes to the consolidated financial statements
December 31, 2013 and 2012
(Amounts expressed in thousands of New Taiwan Dollars, unless otherwise noted)
1. Company history
D-LINK CORPORATION(“the Company”) was incorporated on June 20, 1987 under the approval of
Ministry of Economic Affair, Republic of China (“ROC”). The address of its registered office is No.289,
Xinhu 3rd Rd., Neihu Dist., Taipei City 114, Taiwan. The main operating activities of the Company and its
subsidiaries (collectively as the “Consolidated Company”) include the research, development, and sale of
local area computer network systems, wireless local area computer networks ("LANs"), and spare parts for
integrated circuits.
2. Authorisation date and process of Financial statements
The accompanying consolidated financial statements were approved and authorized for release by the Board
of Directors on March 6, 2014.
3. New standards and interpretations not yet adopted
(a) New standards and interpretations endorsed by the Financial Supervisory Commissions R.O.C. (“FSC”)
but not yet in effect.
The International Accounting Standards Board (“IASB”) issued the International Financial Reporting
Standard 9 Financial instruments (“IFRS 9”) on November 2009, which is in effective on January 1,
2013 (in December 2011, the IASB postponed the effective date to January 1, 2015 and in November
2013, the IASB abolished the effective date as January 1, 2015 for preparers of financial reports to
have sufficient time in translating to IFRSs, and the new effective date has not been announced).
IFRS 9 endorsed by FSC, early adoption is not permitted, and companies shall follow the guidance in
accordance to the 2009 version of the International Accounting Standards 39 Financial instruments
(“IAS 39”). As of the reporting date, the effective date has not been announced. At the adoption of
this new standard, it is expected that there will be impacts on the classification and measurement of
financial instruments in the consolidated financial statements.
(b) New and revised standards and interpretations not yet endorsed by the FSC
A summary of the new standards and amendments issued by the IASB not yet endorsed by the FSC
that may have an impact on financial statements is as follows: