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D-LINK CORPORATION AND SUBSIDIARIES
Notes to the consolidated financial statements
(Continued)
Debt-to-equity ratio:
December 31,
2013
December 31,
2012
January 1,
2012
Total liabilities
$ 10,861,439
11,165,364
12,718,147
Less: cash and cash equivalents
(3,275,650)
(4,030,237)
(5,317,622)
Net debt
$ 7,585,789
7,135,127
7,400,525
Total equity
$ 13,596,350
13,663,963
14,222,952
Debt to equity ratio at 31 December
55.79%
52.22%
52.03%
As of December 31, 2013, the methods of Consolidated Company’s capital management remained
unchanged.
7. Related-party transactions
(a) Parent company and ultimate controlling company
The Company is the ultimate controlling party of the Consolidated Company.
(b) Significant related party transactions
(1) Sales
The amounts of significant sales transactions between the Consolidated Company and related
parties were as follows:
2013
2012
Entities with significant influence over the
Consolidated Company
$ 642
4,874
Other related-parties
184
495
$ 826
5,369
The average credit terms extended to related parties and third-party customers were
approximately 30-90 days. However, credit terms to related parties might be further extended
when necessary.
(2) Purchases
The amount of purchase transactions between the Consolidated Company and related parties
were as follows:
2013
2012
Entities with significant influence over the
Consolidated Company
$ 8,886,940
10,040,819
Other related-parties
3,611,429
4,077,175
$ 12,498,369
14,117,994
The payment term of related parties was 30-90 days. There were no significant differences in
purchasing terms between related parties and third-party suppliers.