Related party transactions and balances

12 Months Ended

Jun. 29, 2012

Related party transactions and balances

17. Related party transactions and balances

JDS Uniphase Corporation, a customer of Fabrinet, held 0%, 0% and 1.1% of the Company’s share capital (fully diluted) as of June 29, 2012, June 24, 2011 and June 25, 2010, respectively. A representative from JDS Uniphase Corporation served as a director of Fabrinet until August 2007. JDS Uniphase Corporation participated in the Company’s initial public offering as a selling shareholder and sold 1,606,850 ordinary shares as of June 25, 2010, which reduced its share ownership to 1.1% (fully diluted) as of such date. Therefore, JDS Uniphase Corporation was no longer considered a related party as of such date. On July 6, 2010, JDS Uniphase Corporation sold all of its remaining 393,150 ordinary shares pursuant to the underwriters’ option to purchase additional shares.

Asia Pacific Growth Fund III, L.P. held 26.2%, 26.5% and 46.1% of the Company’s share capital (fully diluted) as of June 29, 2012, June 24, 2011 and June 25, 2010, respectively. Currently, the Group has no commercial transactions with Asia Pacific Growth Fund III, L.P.

The following transactions were carried out with related parties:

	Year Ended
	June 29, 2012		June 24, 2011		June 25, 2010
Revenues
Sales of goods:
JDS Uniphase Corporation	$	—	$	—	$	81,164
Cost of revenues
Purchases of goods:
JDS Uniphase Corporation	$	—	$	—	$	19,289