D-Link 2014 Annual Report Download - page 23

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!
(Continued)
D-LINK CORPORATION and subsidiaries
Notes to the consolidated financial statements
December 31, 2014 and 2013
(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 referred 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. Authorization date and process of Financial statements
The accompanying consolidated financial statements were approved and authorized for release by the Board
of Directors on March 12, 2015.
3. New standards and interpretations adopted
(a) International Financial Reporting Standards 2013 version endorsed by the Financial Supervisory
Commissions Republic of China ("FSC"), but not yet effective.
According to Financial-Supervisory-Securities-Auditing No. 1030010325 issued on April 3, 2014,
commencing 2015, companies with shares listed on the TWSE or traded on the Taiwan GreTai
Securities Market or Emerging Stock Market shall adopt the 2013 version of IFRS (not including IFRS
9, ‘Financial instruments’) as endorsed by the FSC in preparing the consolidated financial statements.
The related new standards, interpretations and amendment are listed below:
New standards and amendments
Effective date
announced by IASB
˗ Limited exemption from comparative IFRS 7 Disclosures for first-time
adopters (amendment to IFRS 1)
July 1, 2010
˗ˢSevere hyperinflation and removal of fixed dates for first-time
adopters (amendment to IFRS 1)
July 1, 2011
˗ˢGovernment loans (amendment to IFRS 1)
January 1, 2013
˗ Disclosures – Transfer of financial assets (amendment to IFRS 7)
July 1, 2011
˗ Disclosures – Offsetting financial assets and financial liabilities
(amendment to IFRS 7)
January 1, 2013
˗ IFRS 10 Consolidated Financial Statements
January 1, 2013
(Investment entities:
January 1, 2014)
˗ IFRS 11 Joint Arrangements
January 1, 2013
˗ IFRS 12 Disclosure of Interests in Other Entities
January 1, 2013
˗ IFRS 13 Fair Value Measurement
January 1, 2013
˗ Presentation of items of other comprehensive income (amendment to
IAS 1)
July 1, 2012
˗ Deferred tax : recovery of underlying assets (amendment to IAS 12)
January 1, 2012
˗ Amended IAS 19 Employee Benefit
January 1, 2013
˗ Amended IAS 27 Separate Financial Statements
January 1, 2013
˗ Amended IAS 32 Offsetting financial assets and financial liabilities
January 1, 2014