D-Link 2013 Annual Report Download - page 47
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D-LINK CORPORATION AND SUBSIDIARIES
Notes to the consolidated financial statements
(Continued)
The movements in the allowance on notes, accounts receivable and other receivables in 2013 and 2012
were as follows:
Individually
assessed
impairment
Collectively
assessed
impairment
Total
Balance at January 1, 2013
$ -
165,744
165,744
Impairment loss recognized
-
7,369
7,369
Others
-
(3,177)
(3,177)
Balance at December 31, 2013
$ -
169,936
169,936
Individually
assessed
impairment
Collectively
assessed
impairment
Total
Balance at January 1, 2012
$ -
320,442
320,442
Impairment loss recognized
-
4,823
4,823
Write-offs
-
(130,528)
(130,528)
Others
-
(28,993)
(28,993)
Balance at December 31, 2012
$ -
165,744
165,744
(d) Inventories
December 31,
2013
December 31,
2012
January 1,
2012
Finished goods
$ 7,156,152
7,387,261
8,371,362
Less: provision for obsolescence and
devaluation
(1,109,786)
(934,967)
(979,476)
$ 6,046,366
6,452,294
7,391,886
The operating cost comprises of cost of goods sold, write-down (reversal gain) of inventories to net
realizable value, warranty costs and other loss (gain). In 2013 and 2012, the cost of goods delivered
were $21,504,029 thousand and $22,971,272 thousand, respectively. Write-down of inventories to
net realizable value are recorded as cost of goods sold and increased by $154,475 thousand and
decreased by $44,576 thousand. In 2013 and 2012, the warranty expenses, inventory losses from
obsolescence, purchase order cancellation and others amounted to $832,188 thousand and $845,547
thousand, respectively.
As of December 31, 2013, and December 31 and January 1, 2012, no inventories are pledged as
collateral.