1999 Annual Report - Delta Electronics
1999 Annual Report - Delta Electronics
1999 Annual Report - Delta Electronics
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B. Change in investment balances and profit/loss recognized from the indirect investment (Amounts: in thousand of US dollars)<br />
Name of investee<br />
Beginning<br />
investment Increase Decrease Ending balance Valuation Method of remittance<br />
in Mainland China balance Reason Amount Reason Amount of investment method investment profit / loss<br />
<strong>Delta</strong> Electronic<br />
(Dong Guan) Co., Ltd.<br />
$ 42,849 (Note 1) $ 4,605 - $ - $ 47,454 Equity method Remitted by DIH<br />
Deltron - Cimic Electric<br />
and <strong>Electronics</strong> Co., Ltd. (Shang Hai)<br />
3,219 - - (Note 1) 154 3,065 Equity method Remitted by DIH<br />
<strong>Delta</strong> <strong>Electronics</strong> Industrial<br />
(Dong Guan) Co., Ltd.<br />
1,800 (Note 2) 2,882 - - 4,682 Equity method Remitted by DIH<br />
<strong>Delta</strong> <strong>Electronics</strong> Components<br />
(Dong Guan) Co., Ltd.<br />
2,700 (Note 2) 4,730 - - 7,430 Equity method Remitted by DIH<br />
<strong>Delta</strong> <strong>Electronics</strong> Power<br />
(Dong Guan) Co., Ltd.<br />
- (Note 3) - (Note 1) 567 ( 567) Equity method Remitted by DIH<br />
Green Energy (Tianjin) 1,588 - - (Note 1) 2,238 ( 650) Equity method Remitted by YDT International<br />
Technology Ltd. Holding Ltd.<br />
in Mainland China <strong>1999</strong> 1998 <strong>1999</strong> 1998<br />
fair value<br />
<strong>Delta</strong> <strong>Electronics</strong><br />
(Dong Guan) Co., Ltd.<br />
$ 5,636 $ 1,095 $ 4,641 $ 1,368 $ 47,454<br />
Deltron - Cimic Electric<br />
and <strong>Electronics</strong> Co., Ltd. (Shang Hai)<br />
2,255 6,534 1,447 6,116 4,490<br />
<strong>Delta</strong> <strong>Electronics</strong> Industrial<br />
(Dong Guan) Co., Ltd.<br />
( 662) - ( 667) - 4,682<br />
<strong>Delta</strong> <strong>Electronics</strong> Components<br />
(Dong Guan) Co., Ltd.<br />
( 997) - ( 1,019) - 7,430<br />
<strong>Delta</strong> <strong>Electronics</strong> Power<br />
(Dong Guan) Co., Ltd.<br />
( 326) - ( 567) - ( 567)<br />
Green Energy (Tianjin) Technology<br />
Ltd.<br />
( 1,451) ( 1,125) ( 2,238) ( 2,224) ( 650)<br />
(Note 1): Based on the investment gain or loss recognized and exchange rate effects.<br />
(Note 2): Based on the capital increase, investment gain or loss recognized and exchange rate effects.<br />
(Note 3): The capital has not been approved as of December 31, <strong>1999</strong> by the Mainland China authorities.<br />
C. Major transactions with the investee in Mainland China:<br />
Investment amount over US$1,000<br />
Operating revenue Income before tax<br />
Name of investee Net worth or<br />
Major transactions between the Company and investee companies in Mainland China were through <strong>Delta</strong> <strong>Electronics</strong> International Ltd. (DEIL) in British Virgin Island. The details were as follows:<br />
% of DEIL's Accounts % of DEIL's accounts<br />
Name of investee in Mainland China Purchases/sales Amount purchase or sales receivable (payable) receivable (payable)<br />
<strong>Delta</strong> <strong>Electronics</strong> (Dong Guan) Co., Ltd. Purchases $ 5,270,427 22 ($ 4,130,937) ( 16)<br />
<strong>Delta</strong> <strong>Electronics</strong> Industrial (Dong Guan) Co., Ltd. Purchases 5,141,726 22 ( 5,141,726) ( 19)<br />
<strong>Delta</strong> <strong>Electronics</strong> Components (Dong Guan) Co., Ltd. Purchases 682,970 3 ( 682,970) ( 3)<br />
<strong>Delta</strong> <strong>Electronics</strong> Power (Dong Guan) Co., Ltd. Purchases 11,074,528 46 ( 11,074,528) ( 42)<br />
<strong>Delta</strong> <strong>Electronics</strong> (Dong Guan) Co., Ltd. Sales 5,386,320 10 5,386,320 17<br />
<strong>Delta</strong> <strong>Electronics</strong> Industrial (Dong Guan) Co., Ltd. Sales 5,499,292 10 5,499,292 18<br />
<strong>Delta</strong> <strong>Electronics</strong> Components (Dong Guan) Co., Ltd. Sales 810,282 2 810,282 3<br />
<strong>Delta</strong> <strong>Electronics</strong> Power (Dong Guan) Co., Ltd. Sales 10,688,597 20 10,688,597 34<br />
Deltron-Cimic Electric and <strong>Electronics</strong> Co., Ltd. (Shang Hai) Sales 523,208 1 344,794 1<br />
All of the above transactions were eliminated in the consolidated financial statements.<br />
47
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