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D-LINK CORPORATION AND SUBSIDIARIES
Notes to the consolidated financial statements
(Continued)
(2) Recognized deferred tax assets and liabilities
The movements in the amount of deferred tax assets and liabilities for the years 2013 and 2012
were as follows:
Intra-group
transactions
Investments
under the
equity
method
Others
Total
Deferred income tax liabilities:
Balance at January 1, 2013
$ 87,030
648,824
(1,407)
734,447
Recognized in profit or loss
(57,064)
(24,337)
1,783
(79,618)
Balance at December 31, 2013
$ 29,966
624,487
376
654,829
Balance at January 1, 2012
$ 94,110
609,528
8,556
712,194
Recognized in profit or loss
(7,080)
39,296
(9,963)
22,253
Balance at December 31, 2012
$ 87,030
648,824
(1,407)
734,447
Intra-group
transactions
Foreign
curre ncy
translation
reserve
Unrealize d
expenses
Write down
of
inventory
Bad de bts
O the rs
Total
Deferred income tax assets:
Balance at January 1, 2013
$ 215,715
129,326
120,966
66,831
40,502
131,670
705,010
Recognized in income
statement
(11,469)
-
(6,429)
18,269
17,424
(38,806)
(21,011)
Foreign currency translation
reserve
-
(16,849)
-
-
-
-
(16,849)
Balance at December 31, 2013
$ 204,246
112,477
114,537
85,100
57,926
92,864
667,150
Balance at January 1, 2012
$ 218,765
48,172
125,916
44,787
42,080
150,766
630,486
Recognized in income
statement
(3,267)
-
(4,950)
22,044
(1,578)
(18,879)
(6,630)
Foreign currency translation
reserve
-
81,154
-
-
-
-
81,154
Balance at December 31, 2012
$ 215,498
129,326
120,966
66,831
40,502
131,887
705,010
The Consolidated Company’s unused investment tax credits mainly resulted from research and
development, personnel training and investment in newly emerging, important and strategic
industries. As of December 31, 2013, the Consolidated Company’s ending balance of unused
investment tax credits and the year of expiry were as follows:
Item of investments tax credits
Unused investment
tax credits
Expiry year
Investment in newly emerging, important and
strategic industries (reported)
$ 16,000
2014