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Trina Solar Ltd – ‘20-F’ for 12/31/10 – ‘XML.R24’

On: Monday, 4/18/11, at 5:24pm ET · For: 12/31/10 · Accession #: 950123-11-36540 · File #: 1-33195

  As Of               Filer                 Filing    For·On·As Docs:Size             Issuer                      Filing Agent

 4/18/11  Trina Solar Ltd                   20-F       12/31/10   44:4.3M                                   Donnelley … Solutions/FA

Annual Report by a Foreign Non-Canadian Issuer — Form 20-F — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 20-F        Annual Report by a Foreign Non-Canadian Issuer      HTML   1.19M 
 2: EX-8.1      Opinion of Counsel re: Tax Matters                  HTML     16K 
 5: EX-13.1     Annual or Quarterly Report to Security Holders      HTML     14K 
 6: EX-13.2     Annual or Quarterly Report to Security Holders      HTML     14K 
 3: EX-12.1     Statement re: Computation of Ratios                 HTML     18K 
 4: EX-12.2     Statement re: Computation of Ratios                 HTML     18K 
 7: EX-15.1     Letter re: Unaudited Interim Financial Information  HTML     13K 
33: XML         IDEA XML File -- Definitions and References          XML     97K 
40: XML         IDEA XML File -- Filing Summary                      XML     71K 
37: XML.R1      Document and Entity Information                      XML    122K 
38: XML.R2      Consolidated Balance Sheets                          XML    488K 
21: XML.R3      Consolidated Balance Sheets (Parenthetical)          XML    131K 
26: XML.R4      Consolidated Statements of Operations                XML    307K 
31: XML.R5      Consolidated Statements of Shareholders' Equity      XML    784K 
                and Comprehensive Income                                         
30: XML.R6      Consolidated Statements of Cash flows                XML    677K 
43: XML.R7      Consolidated Statements of Cash flows                XML     37K 
                (Parenthetical)                                                  
17: XML.R8      Organization and Principal Activities                XML     42K 
29: XML.R9      Summary of Principal Accounting Policies             XML    133K 
16: XML.R10     Allowance for Doubtful Receivables                   XML     56K 
15: XML.R11     Inventories                                          XML     44K 
20: XML.R12     Property, Plant and Equipment, Net                   XML     50K 
35: XML.R13     Prepaid Land Use Right                               XML     39K 
22: XML.R14     Derivative Financial Instruments                     XML     60K 
23: XML.R15     Fair Value Measurement                               XML     89K 
28: XML.R16     Investment in Securities                             XML     42K 
44: XML.R17     Bank Borrowings                                      XML     60K 
19: XML.R18     Convertible Senior Notes                             XML     45K 
14: XML.R19     Accrued Warranty Costs                               XML     43K 
25: XML.R20     Share-Based Compensation                             XML     65K 
34: XML.R21     Tax Expense                                          XML     91K 
18: XML.R22     Distribution of Profit                               XML     40K 
32: XML.R23     Related Party Transactions and Balances              XML     42K 
24: XML.R24     Commitments and Contingencies                        XML     45K 
42: XML.R25     Segment Information                                  XML     49K 
36: XML.R26     Major Customers and Suppliers                        XML     49K 
27: XML.R27     Change in Method of Share Lending Facilities         XML     65K 
                Agreement                                                        
41: EXCEL       IDEA Workbook of Financial Reports (.xls)            XLS    496K 
 8: EX-101.INS  XBRL Instance -- tsl-20101231                        XML    643K 
10: EX-101.CAL  XBRL Calculations -- tsl-20101231_cal                XML    134K 
13: EX-101.DEF  XBRL Definitions -- tsl-20101231_def                 XML     42K 
11: EX-101.LAB  XBRL Labels -- tsl-20101231_lab                      XML    450K 
12: EX-101.PRE  XBRL Presentations -- tsl-20101231_pre               XML    272K 
 9: EX-101.SCH  XBRL Schema -- tsl-20101231                          XSD     71K 
39: ZIP         XBRL Zipped Folder -- 0000950123-11-036540-xbrl      Zip     76K

‘XML.R24’ — Commitments and Contingencies

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<div style="font-family: 'Times New Roman',Times,serif; margin-left: 0in; "> <div style="margin-top: 10pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left"> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="3%" nowrap="nowrap" align="left">17.</td> <td width="1%"> </td> <td>COMMITMENTS AND CONTINGENCIES</td> </tr> </table> </div> <div style="margin-top: 10pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left"> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="4%" style="background: transparent"> </td> <td width="3%" nowrap="nowrap" align="left"><b>a)</b></td> <td width="1%"> </td> <td><b>Capital commitments</b></td> </tr> </table> </div> <div align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 8%">As of December 31, 2010, the Company’s commitments to purchase property, plant and equipment is approximately $177.6 million associated with the expansion of the Company’s solar module business. </div> <div style="margin-top: 10pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left"> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="4%" style="background: transparent"> </td> <td width="3%" nowrap="nowrap" align="left"><b>b)</b></td> <td width="1%"> </td> <td><b>Materials purchase commitments</b></td> </tr> </table> </div> <div align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 8%">As of December 31, 2010, the Company had entered into certain long-term silicon procurement contracts, under which the Company agreed to purchase silicon materials in an aggregate amount of approximately $14.6 billion over the next four to seven years. </div> <p align="center" style="font-size: 10pt">   </p> </div>  <div style="font-family: 'Times New Roman',Times,serif; margin-left: 0in; "> <div align="center" style="font-size: 10pt; margin-top: 0pt"> </div> <div style="margin-top: 0pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt"> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="3%" nowrap="nowrap" align="left"></td> <td width="1%"></td> <td></td> </tr> </table> </div> <div style="margin-top: 6pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left"> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="4%" style="background: transparent"> </td> <td width="3%" nowrap="nowrap" align="left"><b>c)</b></td> <td width="1%"> </td> <td><b>Operating lease commitments</b></td> </tr> </table> </div> <div align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 8%">The Company had operating lease agreements principally for its office properties in the PRC. The Company’s lease expense was $279,733, $827,707 and $1,988,081 for the years ended December 31, 2008, 2009 and 2010, respectively. </div> <div align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 8%">Future minimum lease payments are as follows: </div> <div align="center"> <table style="font-size: 10pt; text-align: left" cellspacing="0" border="0" cellpadding="0" width="100%">  <tr valign="bottom"> <td width="72%"> </td> <td width="3%"> </td> <td width="1%"> </td> <td width="9%"> </td> <td width="1%"> </td> </tr>   <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:15px; text-indent:-15px">Year ending December 31 </div></td> <td> </td> <td> </td> <td align="right"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">2011 </div></td> <td> </td> <td> </td> <td align="right">885,933</td> <td> </td> </tr> <tr valign="bottom" style="background: #cceeff"> <td> <div style="margin-left:30px; text-indent:-15px">2012 </div></td> <td> </td> <td> </td> <td align="right">1,102,148</td> <td> </td> </tr> <tr style="font-size: 1px"> <td> <div style="margin-left:15px; text-indent:-15px"> </div></td> <td> </td> <td nowrap="nowrap" colspan="2" align="right" style="border-top: 1px solid #000000"> </td> <td> </td> </tr> <tr valign="bottom"> <td> <div style="margin-left:30px; text-indent:-15px">Total </div></td> <td> </td> <td> </td> <td align="right">1,988,081</td> <td> </td> </tr> <tr style="font-size: 1px"> <td> <div style="margin-left:15px; text-indent:-15px"> </div></td> <td> </td> <td nowrap="nowrap" colspan="2" align="right" style="border-top: 3px double #000000"> </td> <td> </td> </tr>  </table> </div> <div style="margin-top: 10pt"> <table width="100%" border="0" cellpadding="0" cellspacing="0" style="font-size: 10pt; text-align: left"> <tr valign="top" style="font-size: 10pt; color: #000000; background: transparent"> <td width="4%" style="background: transparent"> </td> <td width="3%" nowrap="nowrap" align="left"><b>d)</b></td> <td width="1%"> </td> <td><b>Contingencies</b></td> </tr> </table> </div> <div align="left" style="font-size: 10pt; margin-top: 10pt; margin-left: 8%">In July 2010 the Company was brought aware of a contingent liability in the form of legal action brought against its Hong Kong subsidiary, Top Energy International Limited (“TEI”). The action stems from a 2008 transaction involving the exchange of silicon materials and subsequent claims involving material qualities. Given the claims were made outside contractual time limitations and upon disputed testing methodology, the Company believes the claimant would be unlikely to prevail. If, however, the claimant proved successful in such legal actions, the Company may become obligated to incur damages of up to approximately $4.0 million. </div> <p align="center" style="font-size: 10pt">   </p> </div>  <div style="font-family: 'Times New Roman',Times,serif; margin-left: 0in; "> <div align="center" style="font-size: 10pt; margin-top: 0pt"> </div> </div>

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Filing Submission 0000950123-11-036540 – Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

Trina Solar Ltd – ‘20-F’ for 12/31/10 – ‘XML.R24’

On: Monday, 4/18/11, at 5:24pm ET · For: 12/31/10 · Accession #: 950123-11-36540 · File #: 1-33195

Previous ‘20-F’: ‘20-F’ on 3/17/10 for 12/31/09 · Next: ‘20-F’ on 3/29/12 for 12/31/11 · Latest: ‘20-F’ on 4/19/16 for 12/31/15

Annual Report by a Foreign Non-Canadian Issuer — Form 20-F — Sect. 13 / 15(d) – SEA’34Filing Table of Contents

‘XML.R24’ — Commitments and Contingencies

This Financial Report is an XBRL XML File.

Annual Report by a Foreign Non-Canadian Issuer — Form 20-F — Sect. 13 / 15(d) – SEA’34
Filing Table of Contents