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Segment information | 12 Months Ended
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Dec. 31, 2011
Segment information | 16. Segment information The Company has three reportable segments: retail, bulk and services. The retail segment operates the water utility for the Seven Mile Beach and West Bay areas of Grand Cayman Island pursuant to an exclusive license granted by the Cayman Islands government. The bulk segment supplies potable water to government utilities in Grand Cayman, the Bahamas and Belize under long-term contracts. The services segment designs, constructs and sells desalination plants and provides desalination plant management and operating services to third parties. The accounting policies of the segments are consistent with those described in Note 1. The Company evaluates each segment’s performance based upon its income from operations. All intercompany transactions are eliminated for segment presentation purposes. The Company’s segments are strategic business units that are managed separately because, while all segments derive their revenues from desalination-related activities, each segment sells different products and/or services, serves customers with distinctly different needs and generates different gross profit margins.
|  | As of and for the year ended December 31, 2011 |
|  |  | Retail |  |  |  | Bulk |  |  |  | Services |  |  |  | Total |
Revenues |  | $ | 23,356,338 |  |  | $ | 30,757,874 |  |  | $ | 1,040,280 |  |  | $ | 55,154,492 |
Cost of revenues |  |  | 11,496,598 |  |  |  | 24,127,488 |  |  |  | 508,339 |  |  |  | 36,132,425 |
Gross profit |  |  | 11,859,740 |  |  |  | 6,630,386 |  |  |  | 531,941 |  |  |  | 19,022,067 |
General and administrative expenses |  |  | 9,019,127 |  |  |  | 1,368,285 |  |  |  | 3,264,238 |  |  |  | 13,651,650 |
Income (loss) from operations |  |  | 2,840,613 |  |  |  | 5,262,101 |  |  |  | (2,732,297 | ) |  |  | 5,370,417 |
Other income (expense), net |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,181,563 |
Consolidated net income |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 6,551,980 |
Income attributable to non-controlling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 438,762 |
Net income attributable to Consolidated Water Co. Ltd. stockholders |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 6,113,218 |
As of December 31, 2011: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property plant and equipment, net |  | $ | 25,456,103 |  |  | $ | 37,824,507 |  |  | $ | 904,500 |  |  | $ | 64,185,110 |
Construction in progress |  |  | 141,204 |  |  |  | - |  |  |  | - |  |  |  | 141,204 |
Goodwill |  |  | 1,170,511 |  |  |  | 2,328,526 |  |  |  | 88,717 |  |  |  | 3,587,754 |
Total assets |  |  | 73,557,410 |  |  |  | 83,457,607 |  |  |  | 3,844,414 |  |  |  | 160,859,431 |
|  | As of and for the year ended December 31, 2010 |
|  | Retail |  |  | Bulk |  |  | Services |  |  | Total |
Revenues |  | $ | 21,864,252 |  |  | $ | 25,302,093 |  |  | $ | 3,542,209 |  |  | $ | 50,708,554 |
Cost of revenues |  |  | 10,361,302 |  |  |  | 20,907,981 |  |  |  | 2,828,776 |  |  |  | 34,098,059 |
Gross profit |  |  | 11,502,950 |  |  |  | 4,394,112 |  |  |  | 713,433 |  |  |  | 16,610,495 |
General and administrative expenses |  |  | 8,105,740 |  |  |  | 1,247,076 |  |  |  | 1,976,832 |  |  |  | 11,329,648 |
Income (loss) from operations |  |  | 3,397,210 |  |  |  | 3,147,036 |  |  |  | (1,263,399) |  |  |  | 5,280,847 |
Other income (expense), net |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,162,315 |
Consolidated net income |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 6,443,162 |
Income attributable to non-controlling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 151,137 |
Net income attributable to Consolidated Water Co. Ltd. stockholders |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 6,292,025 |
As of December 31, 2010: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property, plant and equipment, net |  | $ | 26,426,273 |  |  | $ | 28,350,519 |  |  | $ | 1,146,939 |  |  | $ | 55,923,731 |
Construction in progress |  |  | 249,300 |  |  |  | - |  |  |  | - |  |  |  | 249,300 |
Goodwill |  |  | 1,170,511 |  |  |  | 2,328,526 |  |  |  | 88,717 |  |  |  | 3,587,754 |
Total assets |  |  | 77,481,333 |  |  |  | 69,343,561 |  |  |  | 5,376,672 |  |  |  | 152,201,566 |
|  | As of and for the year ended December 31, 2009 |
|  | Retail |  |  | Bulk |  |  | Services |  |  | Total |  |
Revenues |  | $ | 23,239,756 |  |  | $ | 25,905,077 |  |  | $ | 8,874,684 |  |  | $ | 58,019,517 |  |
Cost of revenues |  |  | 9,812,434 |  |  |  | 20,149,969 |  |  |  | 5,058,037 |  |  |  | 35,020,440 |  |
Gross profit |  |  | 13,427,322 |  |  |  | 5,755,108 |  |  |  | 3,816,647 |  |  |  | 22,999,077 |  |
General and administrative expenses |  |  | 8,215,142 |  |  |  | 1,676,327 |  |  |  | 209,788 |  |  |  | 10,101,257 |  |
Income from operations |  |  | 5,212,180 |  |  |  | 4,078,781 |  |  |  | 3,606,859 |  |  |  | 12,897,820 |  |
Other income (expense), net |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (6,298,138 | ) |
Consolidated net income |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 6,599,682 |  |
Income attributable to non-controlling interests |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 501,111 |  |
Net income attributable to Consolidated Water Co. Ltd. stockholders |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 6,098,571 |  |
As of December 31, 2009: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Property plant and equipment, net |  | $ | 27,549,450 |  |  | $ | 31,935,956 |  |  | $ | 1,390,870 |  |  | $ | 60,876,276 |  |
Construction in progress |  |  | 370,131 |  |  |  | - |  |  |  | - |  |  |  | 370,131 |  |
Goodwill |  |  | 1,170,511 |  |  |  | 2,328,526 |  |  |  | 88,717 |  |  |  | 3,587,754 |  |
Total assets |  |  | 78,291,323 |  |  |  | 68,832,934 |  |  |  | 7,351,524 |  |  |  | 154,475,781 |  |
Revenues from Cayman Island operations were $32,223,536 in 2011 (2010: $29,168,425 and 2009: $31,739,512). Revenues from all other country operations were $22,930,956 in 2011 (2010: $21,540,129 and 2009: $26,280,005). Included in the revenues from other countries is $19,825,070 in 2011 (2010: $16,188,416 and 2009: $15,535,411) from the operations in the Bahamas, $2,065,606 in 2011 (2010: $1,809,504 and 2009: $1,869,912) from our operations in Belize. For the year ended December 31, 2011, revenues in the amount of $19,610,650 (2010: $15,941,021 and 2009: $15,285,508:) were earned from the Water and Sewerage Corporation of The Bahamas (“WSC”) and revenues in the amount of $8,867,198 (2010: $7,304,173 and 2009: $8,499,755) were earned from the Water Authority-Cayman. During 2011, revenues from the WSC represented 36% (2010: 31% and 2009: 26%) of total revenues and revenues from the Water Authority-Cayman represented 16% (2010: 14% and 2009: 15%) of total revenues. For the year ended December 31, 2011, revenues earned by the Services segment from its management services agreement with OC-BVI amounted to $317,506 (2010: $656,738 and 2009: $324,148). As of December 31, 2011 and 2010, property, plant and equipment located in the Cayman Islands were $26,189,796 and $27,325,357, respectively. Property, plant and equipment in all other country operations were $37,995,314 and $28,598,374 as of December 31, 2011 and 2010, respectively. Included in property, plant and equipment from other country operations is $36,437,351 in 2011 and $26,789,013 in 2010, from the operations in the Bahamas and $1,202,017 in 2011 and $1,336,375 in 2010 from our operations in Belize.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 11: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8906-108599 Reference 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 + Details
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