1999 Annual Report - Delta Electronics

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When the contracts mature, there will be $1,106,700 cash inflows and US$35,000 thousand cash outflows and related interest income was $12,962 and interest expense was US$565 thousand. e) Accounting policies: See Note 2. d. Market value and book value: As of December 31, 1999, the market value and book value of the outstanding cross currency swap contracts are as follows: Forward contract receivable Forward contract payable - foreign currency Net book value (shown as other receivable) Market value B. Additional disclosure Pursuant to the terms of the contracts, the premiums are delivered or paid on the trade date. As a result, neither receivable or payable of premiums were recognized as of December 31, 1999. 4) Elimination of transactions between intercompanies: December 31, 1999 Intercompanies name Abbreviated name Delta International Holding Ltd. DIH Delta Networks, Inc. DNI Delta Electronics International Ltd. DEIL Delta Video Technology Ltd. DVT Delta Electronics Components (Thailand) Co., Ltd. DEC Delta Power Sharp Ltd. DPS Newton Power Ltd. NPL Significant transactions between the Company (DEI) and intercompanies are eliminated when preparing consolidated financial statements. The details are as follows: 44
45 Transactions Companies Amount 1. Elimination of long-term investments (1) Long-term investments, stockholders' equity and minority interest DEI, DIH and DNI (2) Elimination of investment income or loss recognized (including realized and unrealized gain or loss from DIH) DEI, DIH and DNI (3) Elimination of upstream transactions DEIL and DEI 2. Elimination of intercompany receivable and payable accounts (1) Accounts receivable and accounts payable of DEI, DIH, DEIL, DVT, downstream transactions DEC, DPS and NPL (2) Accounts receivable and accounts payable of upstream transactions DEI, DIH and DNI (3) Accounts receivable and accounts payable of sidestream transactions DNI and DEIL 3. Elimination of profit and loss accounts (1) Sales and purchases transactions A. Downstream transactions A) Elimination of sales and purchases transactions DEI, DEIL, DVT and DEC B) Elimination of unrealized gain of beginning inventories DEI and DEIL C) Elimination of unrealized gain of ending inventories DEI and DEIL B. Upstream transactions Elimination of sales and purchases DEIL and DEI, DNI and DEI C. Sidestream transactions Elimination of sales and purchases DEIL and DNI, DNI and DEIL (2) Services revenue, sales expenses, management and administrative expenses DEI, DEIL, DNI and DEIL 4. Elimination of minority interest DEI and DIH 5. Elimination of others transactions (1) Leased assets transferred to property, plant and equipment DEI and DNI (2) Depreciation expenses of leased assets DEI and DNI (3) Deposits-in and deposits-out DEI and DNI (4) Elimination of rent revenue DEI and DNI
Page 1 and 2: DELTA ELECTRONICS, INC. Annual Repo
Page 3 and 4: 3 1999 Annual Report Message from t
Page 5 and 6: 7 1999 Annual Report Major Products
Page 7 and 8: 11 1999 Annual Report Manufacturing
Page 10 and 11: 17 1999 Annual Report Financial Sta
Page 12 and 13: DELTA ELECTRONICS, INC. CONSOLIDATE
Page 14 and 15: DELTA ELECTRONICS, INC. CONSOLIDATE
Page 16 and 17: DELTA ELECTRONICS, INC. NOTES TO CO
Page 18 and 19: Inventories Inventories are stated
Page 20 and 21: transition is amortized equally ove
Page 22 and 23: December 31, 1999 December 31, 1998
Page 24 and 25: 32 5) Property, plant and equipment
Page 26 and 27: The initial conversion price, which
Page 28 and 29: 13) Legal reserve The R.O.C Company
Page 30 and 31: payment of the final tax assessment
Page 32 and 33: G. Accounts payable DET DEJ Others
Page 34 and 35: short-term loan, accounts payable,
Page 38 and 39: 46 11. DISCLOSURE OF INFORMATION ON
Page 40 and 41: 48 12. Disclosure information of in
Page 42 and 43: 50 D. Marketable securities acquire
Page 44 and 45: 52 H. Receivable from related parti
Page 46 and 47: 13. SEGMENTAL FINANCIAL INFORMATION
Page 48 and 49: February 23, 2000 (00)R.D24P.4057 T
Page 50 and 51: DELTA ELECTRONICS, INC. STATEMENT O
Page 52 and 53: DELTA ELECTRONICS, INC. STATEMENT O

1999 Annual Report - Delta Electronics

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