Lenovo 2014 Annual Report Download - page 122
Download and view the complete annual report
Please find page 122 of the 2014 Lenovo annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.-
1 -
2
-
3
-
4
-
5
-
6
-
7
-
8
-
9
-
10
-
11
-
12
-
13
-
14
-
15
-
16
-
17
-
18
-
19
-
20
-
21
-
22
-
23
-
24
-
25
-
26
-
27
-
28
-
29
-
30
-
31
-
32
-
33
-
34
-
35
-
36
-
37
-
38
-
39
-
40
-
41
-
42
-
43
-
44
-
45
-
46
-
47
-
48
-
49
-
50
-
51
-
52
-
53
-
54
-
55
-
56
-
57
-
58
-
59
-
60
-
61
-
62
-
63
-
64
-
65
-
66
-
67
-
68
-
69
-
70
-
71
-
72
-
73
-
74
-
75
-
76
-
77
-
78
-
79
-
80
-
81
-
82
-
83
-
84
-
85
-
86
-
87
-
88
-
89
-
90
-
91
-
92
-
93
-
94
-
95
-
96
-
97
-
98
-
99
-
100
-
101
-
102
-
103
-
104
-
105
-
106
-
107
-
108
-
109
-
110
-
111
-
112 -
113 -
114 -
115 -
116 -
117 -
118 -
119 -
120 -
121 -
122 -
123 -
124 -
125 -
126 -
127 -
128 -
129 -
130 -
131 -
132 -
133
-
134
-
135
-
136
-
137
-
138
-
139
-
140
-
141
-
142
-
143
-
144
-
145
-
146
-
147
-
148
-
149
-
150
-
151
-
152
-
153
-
154
-
155
-
156
-
157
-
158
-
159
-
160
-
161
-
162
-
163
-
164
-
165
-
166
-
167
-
168
-
169
-
170
-
171
-
172
-
173
-
174
-
175
-
176
-
177
-
178
-
179
-
180
-
181
-
182
-
183
-
184
-
185
-
186
-
187
-
188
-
189
-
190
-
191
-
192
-
193
-
194
-
195
-
196
-
197
-
198
-
199
 |
 |
120 Lenovo Group Limited 2013/14 Annual Report
DIRECTORS’ REPORT
CONTINUING CONNECTED TRANSACTIONS (continued)
NEC Mobiling Agreement
Date: April 1, 1995
Parties: NEC Mobiling, Ltd., an associate of NEC, and NECP (whose rights and obligations
were transferred to NECPC, a member of the JVCo Group on and following the
Closing Date)
Services provided/received: NEC Mobiling, Ltd. agreed to purchase from NECPC products such as personal
computers and peripheral devices, word processors, telecommunication devices
such as facsimiles and phones, electric appliances (including game machines) and
other relevant products and shall sell such products to customers as a dealer of
NECPC.
Term: The initial term is one year from the date of the agreement and is automatically
renewed for additional one-year terms unless either party gives prior termination
notice.
Annual cap(Note 1):1/7/2011 – 31/3/2012 : JPY50 million (US$605,000)
1/4/2012 – 31/3/2013 : JPY66 million (US$798,600)
1/4/2013 – 31/3/2014 : JPY66 million (US$798,600)
1/4/2014 – 31/3/2015 : JPY66 million (US$798,600)
1/4/2015 – 31/3/2016 : JPY66 million (US$798,600)
1/4/2016 – 1/7/2016 : JPY16 million (US$193,600)
NESIC Agreement
Date: August 18, 2003
Parties: NEC Networks & System Integration Corporation (“NESIC”), an associate of NEC,
and NECP (whose rights and obligations were transferred to NECPC, a member of
the JVCo Group, on and following the Closing Date)
Services provided/received: NESIC agreed to provide NECPC with operation and maintenance services for
intranet and other internal communication systems of NECPC following the Closing
Date.
Term: The term ended on March 31, 2004 and is automatically renewed for additional
one-year terms unless either party gives prior termination notice.
Annual cap(Note 1):1/7/2011 – 31/3/2012 : JPY58 million (US$701,800)
1/4/2012 – 31/3/2013 : JPY77 million (US$931,700)
1/4/2013 – 31/3/2014 : JPY77 million (US$931,700)
1/4/2014 – 31/3/2015 : JPY77 million (US$931,700)
1/4/2015 – 31/3/2016 : JPY77 million (US$931,700)
1/4/2016 – 1/7/2016 : JPY19 million (US$229,900)