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Segment information
 6 Months Ended
Jun. 30, 2012
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]

5. 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 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.

 

    Three Months Ended June 30, 2012  
    Retail     Bulk     Services     Total  
Revenues   $ 5,869,254     $ 10,212,669     $ 148,856     $ 16,230,779  
Cost of revenues     2,885,657       7,868,487       71,225       10,825,369  
Gross profit     2,983,597       2,344,182       77,631       5,405,410  
General and administrative expenses     2,686,295       309,364       446,624       3,442,283  
Income (loss) from operations     297,302       2,034,818       (368,993 )     1,963,127  
Other income (expense), net                             117,500  
Consolidated net income                             2,080,627  
Income attributable to non-controlling interests                             123,135  
Net income attributable to Consolidated Water Co. Ltd. stockholders                           $ 1,957,492  

 

    Six Months Ended June 30, 2012  
    Retail     Bulk     Services     Total  
Revenues   $ 12,435,382     $ 20,281,886     $ 242,238     $ 32,959,506  
Cost of revenues     5,928,405       15,523,939       153,903       21,606,247  
Gross profit     6,506,977       4,757,947       88,335       11,353,259  
General and administrative expenses     5,482,462       636,764       837,742       6,956,968  
Income (loss) from operations     1,024,515       4,121,183       (749,407 )     4,396,291  
Other income (expense), net                             117,368  
Consolidated net income                             4,513,659  
Income attributable to non-controlling interests                             213,501  
Net income attributable to Consolidated Water Co. Ltd. stockholders                           $ 4,300,158  

 

 

As of June 30, 2012:                                
Property plant and equipment, net   $ 24,716,225     $ 36,546,179     $ 783,900     $ 62,046,304  
Construction in progress     335,789       -       -       335,789  
Goodwill     1,170,511       2,328,526       88,717       3,587,754  
Total assets     62,060,701       80,958,499       3,204,004       146,223,204  

 

    Three Months Ended June 30, 2011  
    Retail     Bulk     Services     Total  
Revenues   $ 6,554,876     $ 7,774,643     $ 506,353     $ 14,835,872  
Cost of revenues     3,072,727       6,330,567       181,373       9,584,667  
Gross profit     3,482,149       1,444,076       324,980       5,251,205  
General and administrative expenses     2,235,113       289,583       656,183       3,180,879  
Income (loss) from operations     1,247,036       1,154,493       (331,203 )     2,070,326  
Other income (expense), net                             136,950  
Consolidated net income                             2,207,276  
Income attributable to non-controlling interests                             277,614  
Net income attributable to Consolidated Water Co. Ltd. stockholders                           $ 1,929,662  

 

    Six Months Ended June 30, 2011  
    Retail     Bulk     Services     Total  
Revenues   $ 12,928,391     $ 14,941,480     $ 872,621     $ 28,742,492  
Cost of revenues     5,953,601       11,932,934       354,196       18,240,731  
Gross profit     6,974,790       3,008,546       518,425       10,501,761  
General and administrative expenses     4,565,697       589,529       1,818,068       6,973,294  
Income (loss) from operations     2,409,093       2,419,017       (1,299,643 )     3,528,467  
Other income (expense), net                             741,682  
Consolidated net income                             4,270,149  
Income attributable to non-controlling interests                             347,477  
Net income attributable to Consolidated Water Co. Ltd. stockholders                           $ 3,922,672  

 

As of June 30, 2011:                                
Property plant and equipment, net   $ 25,828,890     $ 26,528,320     $ 1,025,585     $ 53,382,795  
Construction in progress     242,686       2,010,168       -       2,252,854  
Goodwill     1,170,511       2,328,526       88,717       3,587,754  
Total assets     73,981,242       75,008,585       4,808,525       153,798,352