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Download Annual Report, 2.44 MB - Xyratex

Download Annual Report, 2.44 MB - Xyratex

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XYRATEX LTDNOTES TO AUDITED CONSOLIDATED FINANCIAL STATEMENTS (Continued)(U.S. dollars and amounts in thousands, except per share data, unless otherwise stated)16. Segment Information (Continued)Geographic InformationUnited UnitedStates Kingdom Malaysia TotalRevenues (based on location at which the sale originated):Year Ended November 30, 2005 .................. $373,621 $104,479 $201,509 $679,609Year Ended November 30, 2004 .................. $254,307 $ 82,828 $121,879 $459,014Year Ended November 30, 2003 .................. $164,964 $ 68,404 $100,401 $333,769Long-lived assets (all non-current assets, exceptdiscontinued operations):November 30, 2005 ........................... $ 6,107 $ 11,151 $ 8,385 $ 25,643November 30, 2004 ........................... $ 3,861 $ 4,397 $ 6,237 $ 14,495November 30, 2003 ........................... $ 2,015 $ 4,151 $ 4,237 $ 10,40317. Related partiesThe Company has a significant number of common shareholders with Havant InternationalLimited (HIL) a company formed in 2000 to acquire certain discontinued operations of a predecessorholding company as part of a demerger of that company. In addition, Ken Wilkie, who retired aschairman of the Company’s board of directors during 2004, is also a member of the board of directorsof HIL. The Company is a tenant of HIL in the United Kingdom (Note 14). The Company alsoprovided certain administrative services to HIL. The Company ceased to provide these services onNovember 30, 2004. Income related to the provision of such services to HIL of $67 and $136 has beenincluded as a reduction of selling, general and administrative expenses for the years endedNovember 30, 2004 and 2003 respectively.At November 30, 2005, included in accounts payable is a payable to HIL of $143. In 2001, HILagreed to guarantee a bank facility and a certain creditor balance to a maximum of approximately$26,000 in return for guarantee charges which the Company believes were on equivalent to commercialterms. The guarantee related to the bank facility was removed in March 2003 and the guarantee relatedto the creditor balance was terminated in February 2004. The charge totaled $228 in the years endedNovember 2003.F-39

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