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Segment information
 12 Months Ended
Dec. 31, 2013
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]
16. Segment information
 
The Company has three reportable segments: retail, bulk and services. The retail segment  primarily  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 costs to our other two business segments.
 
The accounting policies of the segments are consistent with those described in Note 2. 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.
 
 
 
Year ended December 31, 2013
 
 
 
Retail
 
Bulk
 
Services
 
Total
 
Revenues
 
$
23,018,498
 
$
39,960,220
 
$
843,413
 
$
63,822,131
 
Cost of revenues
 
 
11,023,096
 
 
28,212,896
 
 
1,080,260
 
 
40,316,252
 
Gross profit
 
 
11,995,402
 
 
11,747,324
 
 
(236,847)
 
 
23,505,879
 
General and administrative expenses
 
 
10,812,877
 
 
1,643,869
 
 
3,387,557
 
 
15,844,303
 
Income (loss) from operations
 
 
1,182,525
 
 
10,103,455
 
 
(3,624,404)
 
 
7,661,576
 
Other income, net
 
 
 
 
 
 
 
 
 
 
 
1,486,913
 
Consolidated net income
 
 
 
 
 
 
 
 
 
 
 
9,148,489
 
Income attributable to non-controlling interests
 
 
 
 
 
 
 
 
 
 
 
553,970
 
Net income attributable to Consolidated Water Co. Ltd. stockholders
 
 
 
 
 
 
 
 
 
 
$
8,594,519
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2013:
 
 
 
 
 
 
 
 
 
 
 
 
 
Property plant and equipment, net
 
$
26,339,461
 
$
31,736,774
 
$
526,651
 
$
58,602,886
 
Construction in progress
 
 
1,181,628
 
 
98,807
 
 
169,982
 
 
1,450,417
 
Goodwill
 
 
1,170,511
 
 
2,328,526
 
 
-
 
 
3,499,037
 
Total assets
 
 
115,659,023
 
 
42,094,311
 
 
7,611,520
 
 
165,364,854
 
 
 
 
Year ended December 31, 2012
 
 
 
Retail
 
Bulk
 
Services
 
Total
 
Revenues
 
$
24,222,895
 
$
40,758,182
 
$
469,625
 
$
65,450,702
 
Cost of revenues
 
 
11,548,255
 
 
31,679,887
 
 
230,118
 
 
43,458,260
 
Gross profit
 
 
12,674,640
 
 
9,078,295
 
 
239,507
 
 
21,992,442
 
General and administrative expenses
 
 
11,304,528
 
 
1,384,527
 
 
1,853,762
 
 
14,542,817
 
Impairment losses
 
 
-
 
 
432,727
 
 
88,717
 
 
521,444
 
Income (loss) from operations
 
 
1,370,112
 
 
7,261,041
 
 
(1,702,972)
 
 
6,928,181
 
Other income, net
 
 
 
 
 
 
 
 
 
 
 
2,695,828
 
Consolidated net income
 
 
 
 
 
 
 
 
 
 
 
9,624,009
 
Income attributable to non-controlling interests
 
 
 
 
 
 
 
 
 
 
 
308,495
 
Net income attributable to Consolidated Water Co. Ltd. stockholders
 
 
 
 
 
 
 
 
 
 
$
9,315,514
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
As of December 31, 2012:
 
 
 
 
 
 
 
 
 
 
 
 
 
Property plant and 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
 
 
 
 
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
 
 
9,102,291
 
 
1,285,121
 
 
3,264,238
 
 
13,651,650
 
Income (loss) from operations
 
 
2,757,449
 
 
5,345,265
 
 
(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
 
 
Revenues earned by major geographic region were:
 
 
 
Year ended December 31,
 
 
 
2013
 
 
2012
 
 
2011
 
Cayman Islands
 
$
31,164,165
 
 
$
33,661,440
 
 
$
32,223,536
 
Bahamas
 
 
29,192,529
 
 
 
28,996,724
 
 
 
19,825,070
 
Indonesia
 
 
144,030
 
 
 
-
 
 
 
-
 
Belize
 
 
2,536,780
 
 
 
2,322,913
 
 
 
2,065,606
 
Bermuda
 
 
-
 
 
 
-
 
 
 
722,774
 
Revenues earned from management services agreement with OC-BVI
 
 
784,627
 
 
 
469,625
 
 
 
317,506
 
 
 
$
63,822,131
 
 
$
65,450,702
 
 
$
55,154,492
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Revenues earned from major customers were:
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Year ended December 31,
 
 
 
2013
 
 
2012
 
 
2011
 
Revenues earned from the Water and Sewerage Corporation ("WSC")
 
$
28,861,195
 
 
$
28,765,529
 
 
$
19,610,650
 
Percentage of total revenues from the WSC
 
 
45
%
 
 
44
%
 
 
36
%
Revenues earned from the Water Authority - Cayman ("WAC")
 
$
8,230,912
 
 
$
9,438,545
 
 
$
8,867,198
 
Percentage of total revenues from the WAC
 
 
13
%
 
 
14
%
 
 
16
%
 
Property, plant and equipment, net by major geographic region were:
 
 
 
December 31,
 
 
 
2013
 
2012
 
Cayman Islands
 
$
23,907,080
 
$
24,004,499
 
Bahamas
 
 
31,907,625
 
 
33,710,233
 
Belize
 
 
1,046,184
 
 
1,134,721
 
All other countries
 
 
1,741,997
 
 
143,953
 
 
 
$
58,602,886
 
$
58,993,406