|
Long-term debt and current portion of long-term debt
The fair
values of long-term debt were determined based on quoted market prices, and by
estimating future cash flows on a borrowing-by-borrowing basis and discounting
these future cash flows using the Company’s incremental borrowing rates
for similar types of borrowing arrangements
Foreign exchange forward
contracts
The fair values of these instruments are estimated based upon
quoted market prices for the same or similar instruments.
|
2000 |
2001 |
|
|
|
Carrying Amount |
Estimated Fair Value |
Carrying Amount |
Estimated Fair Value |
|
Balance sheet
– Bank loans
(including
current portion) |
463,825 |
465,922 |
563,600 |
574,404 |
| – Convertible debt |
2,342,629 |
2,859,756 |
2,304,455 |
2,411,846 |
Off-balance sheet
–
Forward
exchange contracts |
8,886 |
10,943 |
735 |
735 |
|
For the years ended December 31,
1999, 2000 and 2001, the related party transactions were primarily with two
shareholders, Areva (formerly known as CEA-Industrie) and France
Telecom.
25.
RELATED PARTY TRANSACTIONS
The Company operates in two
segments: the Semiconductor segment and the Subsystems segment. In the
Semiconductor segment, the Company designs, develops, manufactures and markets
a broad range of products, including discrete, memo-ries and standard commodity
components, ASICSs (full custom devices and semicustom devices) and ASSPs for
analog, digital, and mixed-signal applications. In the Subsystems segment, the
Company designs, develops, manufactures and markets sub-systems and modules for
the Telecom, Automotive and Industrial markets including mobile phone
accessories, battery chargers, ISDN power supplies and in-vehicle equipment for
electronic toll payment. The Subsystems segment does not meet the require-ments
for a reportable segment as defined in FAS 131. The accounting policies of the
segments are the same as those described in the summary of significant
accounting policies.
|
 |
The following is a summary of operations by
entities located within the indicated geographic areas for 1999, 2000 and 2001.
Long-lived assets consist of net property and equipment and other intangible
assets. Net
revenues
|
December 31, |
1999 |
2000 |
2001 |
|
| The Netherlands |
670,720 |
1,323,613 |
2,016,362 |
| France |
451,243 |
651,116 |
484,165 |
| Italy |
174,087 |
249,588 |
229,462 |
| Germany |
470,554 |
611,115 |
0 |
| Other European countries |
158.159 |
161,041 |
593 |
| USA |
1,222,743 |
1,761,783 |
957,783 |
| Singapore |
1,699,129 |
2,277,772 |
1,988,933 |
| Other countries |
239,641 |
777.175 |
679,598 |
|
| Total |
5,056,276 |
7,813,203 |
6,356,896 |
|
Long-lived assets
|
December 31, |
1999 |
2000 |
2001 |
|
| The Netherlands |
75,759 |
107,6423 |
123,014 |
| France |
1,239,540 |
1,889,729 |
1,731,916 |
| Italy |
1,117,241 |
1,650,506 |
1,687,156 |
| Germany |
1,094 |
1,620 |
3,314 |
| Other European countries |
160,443 |
237,717 |
206,553 |
| USA |
736,187 |
1,081,327 |
796,392 |
| Singapore |
245,386 |
649,116 |
749,070 |
| Other countries |
477,316 |
869,530 |
803,356 |
|
| Total |
4,052,966 |
6,487,187 |
6,100,771 |
|
27.
SUBSEQUENT EVENTS
At the Company’s Annual General
Meeting held on March 27, 2002, shareholders approved the payment of a cash
dividend of $0.04 per share.
On April 15, 2002, the Company signed an
agreement to acquire the semiconductor chip manufacturing unit, Alcatel
Microelectronics, from Alcatel group of companies for euro 390 million
(approximately $351,000), subject to final adjust-ments and government
approval. Simultaneously with this acquisition, the Company signed an agreement
with AMI semi-conductors Inc. for the sale of the acquired mixed signal
busi-ness activities of Alcatel Microelectronics for euro 70 million
(approximately $63,000). |
