XML 23 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (USD $)
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Retail water revenues $ 6,566,129 $ 6,373,515
Bulk water revenues 10,069,217 7,166,836
Services revenues 93,381 366,269
Total revenues 16,728,727 13,906,620
Cost of retail revenues 3,042,747 2,880,876
Cost of bulk revenues 7,655,453 5,602,364
Cost of services revenues 82,678 172,825
Total cost of revenues 10,780,878 8,656,065
Gross profit 5,947,849 5,250,555
General and administrative expenses 3,514,685 3,792,330
Income from operations 2,433,164 1,458,225
Other income (expense):    
Interest income 215,430 347,660
Interest expense (383,635) (350,372)
Other income 111,135 63,866
Equity in earnings of OC-BVI 56,938 543,494
Other income (expense), net (132) 604,648
Net income 2,433,032 2,062,873
Income attributable to non-controlling interests 90,366 69,863
Net income attributable to Consolidated Water Co. Ltd. stockholders $ 2,342,666 $ 1,993,010
Basic earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders $ 0.16 $ 0.14
Diluted earnings per common share attributable to Consolidated Water Co. Ltd. common stockholders $ 0.16 $ 0.14
Dividends declared per common share $ 0.075 $ 0.075
Weighted average number of common shares used in the determination of:    
Basic earnings per share 14,569,883 14,556,259
Diluted earnings per share 14,596,480 14,598,637