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D-LINK CORPORATION AND SUBSIDIARIES
Notes to the consolidated financial statements
(Continued)
(4) Interest rate analysis
The interest rate risk exposure of financial assets and liabilities are disclosed in the note of
liquidity risk management.
The following sensitivity analysis is based on the risk exposure to interest rate on the derivative
and non-derivative financial instruments on the reporting date. Regarding the liabilities with
variables interest rates, the analysis is on the basis of the assumption that the amount of liabilities
outstanding at the reporting date was outstanding throughout the year. The rate of change is
expressed as the interest rate increases or decreases by 0.5% when reporting to management
internally, which also represents management of the Consolidated Company’s assessment on the
reasonably possible interval of interest rate change.
All other variables were held constant, the interest rate had increased or decreased by 0.5%, the
net profit would have increased or decreased by $0 thousand and $38 thousand for the years
ended December 31, 2013 and 2012.
(5) Fair value
(i) The non-derivative short-term financial assets and liabilities that include account
receivables (including account receivables from related parties), other financial assets –
current/non-current, short- and long-term loans and account payables (including account
payables to related parties) estimate its fair value from its carrying value. When the
financial assets are near to their maturity dates, the carrying value should be a reasonable
approximation of fair value.
(ii) Fair value and carrying value
Apart from the financial assets and liabilities as mentioned above, information of the fair
value of the remaining financial assets and liabilities are summarized as follows:
December 31, 2013
December 31, 2012
January 1, 2012
Carrying
value
Fair
value
Carrying
value
Fair
value
Carrying
value
Fair
value
Financial assets:
Financial assets at fair value
through profit or loss -
current
$ 79,540
79,540
51,151
51,151
349,109
349,109
Financial assets at fair value
through profit or loss -
non-current
-
-
8
8
-
-
Available-for-sale financial
assets - non-current
533,870
533,870
848,649
848,649
811,876
811,876
Financial assets at cost -
non-current
168,402
Please refer
to (iv)B
279,358
Please refer
to (iv)B
321,606
Please refer
to (iv)B
Financial liabilities:
Financial assets at fair value
through profit or loss -
current
15,117
15,117
26,540
26,540
92,872
92,872
Bonds payable
112,302
Please refer
to (iv)C
110,400
Please refer
to (iv)C
1,899,026
Please refer
to (iv)C