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Segment information
 3 Months Ended
Mar. 31, 2013
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]

4. 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 to third parties and provides desalination plant management and operating services to affiliated companies. Consistent with prior periods, we record all non-direct general and administrative expenses in our retail business segment and do not allocate any of these non-direct expenses to our other two business segments.

 

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 March 31, 2013  
    Retail     Bulk     Services     Total  
Revenues   $ 6,395,012     $ 9,856,690     $ 303,495     $ 16,555,197  
Cost of revenues     2,834,752       7,187,413       312,525       10,334,690  
Gross profit     3,560,260       2,669,277       (9,030 )     6,220,507  
General and administrative expenses     2,631,510       408,247       529,179       3,568,936  
Income (loss) from operations     928,750       2,261,030       (538,209 )     2,651,571  
Other income (expense), net                             1,212,116  
Consolidated net income                             3,863,687  
Income attributable to non-controlling interests                             121,684  
Net income attributable to Consolidated Water Co. Ltd. stockholders                           $ 3,742,003  

 

Depreciation and amortization expense for the three months ended March 31, 2013 for the retail, bulk and services segments was $510,640, $764,516 and $73,181, respectively.  

 

    As of March 31, 2013  
    Retail     Bulk     Services     Total  
Property plant and equipment, net   $ 23,856,857     $ 33,943,497     $ 629,138     $ 58,429,492  
Construction in progress   $ 2,953,076     $ 229,575     $ 16,874     $ 3,199,525  
Goodwill   $ 1,170,511     $ 2,328,526     $ -     $ 3,499,037  
Total assets   $ 64,711,831     $ 84,630,158     $ 3,809,004     $ 153,150,993  

 

    Three Months Ended March 31, 2012  
    Retail     Bulk     Services     Total  
Revenues   $ 6,566,129     $ 10,069,217     $ 93,381     $ 16,728,727  
Cost of revenues     3,042,747       7,655,453       82,678       10,780,878  
Gross profit     3,523,382       2,413,764       10,703       5,947,849  
General and administrative expenses     2,796,168       327,400       391,117       3,514,685  
Income (loss) from operations     727,214       2,086,364       (380,414 )     2,433,164  
Other income (expense), net                             (132 )
Consolidated net income                             2,433,032  
Income attributable to non-controlling interests                             90,366  
Net income attributable to Consolidated Water Co. Ltd. stockholders                           $ 2,342,666  

 

Depreciation and amortization expense for the three months ended March 31, 2012 for the retail, bulk and services segments was $530,440, $1,268,925 and $60,779, respectively.  

 

    As of December 31, 2012  
    Retail     Bulk     Services     Total  
Property plant of equipment, net   $ 24,021,301     $ 34,308,805     $ 663,300     $ 58,993,406  
Construction in progress   $ 2,342,248     $ 270,552     $ -     $ 2,612,800  
Goodwill   $ 1,170,511     $ 2,328,526     $ -     $ 3,499,037  
Total assets   $ 63,649,696     $ 83,177,550     $ 3,621,840     $ 150,449,086