XML 50 R20.htm IDEA: XBRL DOCUMENT
v2.4.0.8

Segment information (Tables) | 6 Months Ended
--- | ---
Jun. 30, 2014
Segment Reporting [Abstract] |
Schedule of Segment Reporting Information, by Segment [Table Text Block] | 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, 2014 |
|  | Retail |  | Bulk |  | Services |  | Total |
Revenues |  | $ | 6,499,257 |  | $ | 9,966,194 |  | $ | 466,381 |  | $ | 16,931,832 |
Cost of revenues |  |  | 3,119,483 |  |  | 6,895,914 |  |  | 546,389 |  |  | 10,561,786 |
Gross profit |  |  | 3,379,774 |  |  | 3,070,280 |  |  | (80,008) |  |  | 6,370,046 |
General and administrative expenses |  |  | 2,843,293 |  |  | 325,403 |  |  | 612,465 |  |  | 3,781,161 |
Income (loss) from operations |  | $ | 536,481 |  | $ | 2,744,877 |  | $ | (692,473) |  |  | 2,588,885 |
Other income, net |  |  |  |  |  |  |  |  |  |  |  | 317,653 |
Consolidated net income |  |  |  |  |  |  |  |  |  |  |  | 2,906,538 |
Income attributable to non-controlling interests |  |  |  |  |  |  |  |  |  |  |  | 146,845 |
Net income attributable to Consolidated Water Co. Ltd. stockholders |  |  |  |  |  |  |  |  |  |  | $ | 2,759,693 |
Depreciation and amortization expenses for the three months ended June 30, 2014 for the retail, bulk and services segments were $598,223, $735,672 and $22,474, respectively.
|  | Three Months Ended June 30, 2013 |
|  | Retail |  | Bulk |  | Services |  | Total |
Revenues |  | $ | 6,179,597 |  | $ | 10,162,572 |  | $ | 227,211 |  | $ | 16,569,380 |
Cost of revenues |  |  | 2,870,175 |  |  | 7,047,346 |  |  | 254,338 |  |  | 10,171,859 |
Gross profit |  |  | 3,309,422 |  |  | 3,115,226 |  |  | (27,127) |  |  | 6,397,521 |
General and administrative expenses |  |  | 2,679,249 |  |  | 354,961 |  |  | 560,552 |  |  | 3,594,762 |
Income (loss) from operations |  | $ | 630,173 |  | $ | 2,760,265 |  | $ | (587,679) |  |  | 2,802,759 |
Other income, net |  |  |  |  |  |  |  |  |  |  |  | 212,479 |
Consolidated net income |  |  |  |  |  |  |  |  |  |  |  | 3,015,238 |
Income attributable to non-controlling interests |  |  |  |  |  |  |  |  |  |  |  | 161,388 |
Net income attributable to Consolidated Water Co. Ltd. stockholders |  |  |  |  |  |  |  |  |  |  | $ | 2,853,850 |
Depreciation and amortization expenses for the three months ended June 30, 2013 for the retail, bulk and services segments were $508,259, $767,609 and $73,182, respectively.
|  | Six Months Ended June 30, 2014 |
|  | Retail |  | Bulk |  | Services |  | Total |
Revenues |  | $ | 12,612,218 |  | $ | 19,925,930 |  | $ | 742,294 |  | $ | 33,280,442 |
Cost of revenues |  |  | 6,050,859 |  |  | 14,007,459 |  |  | 881,653 |  |  | 20,939,971 |
Gross profit |  |  | 6,561,359 |  |  | 5,918,471 |  |  | (139,359) |  |  | 12,340,471 |
General and administrative expenses |  |  | 5,731,520 |  |  | 760,373 |  |  | 2,631,901 |  |  | 9,123,794 |
Income (loss) from operations |  | $ | 829,839 |  | $ | 5,158,098 |  | $ | (2,771,260) |  |  | 3,216,677 |
Other income, net |  |  |  |  |  |  |  |  |  |  |  | 467,883 |
Consolidated net income |  |  |  |  |  |  |  |  |  |  |  | 3,684,560 |
Income attributable to non-controlling interests |  |  |  |  |  |  |  |  |  |  |  | 269,958 |
Net income attributable to Consolidated Water Co. Ltd. stockholders |  |  |  |  |  |  |  |  |  |  | $ | 3,414,602 |
Depreciation and amortization expenses for the six months ended June 30, 2014 for the retail, bulk and services segments were $1,231,496, $1,476,736 and $57,448, respectively.
|  | Six Months Ended June 30, 2013 |
|  | Retail |  | Bulk |  | Services |  | Total |
Revenues |  | $ | 12,574,609 |  | $ | 20,019,262 |  | $ | 530,706 |  | $ | 33,124,577 |
Cost of revenues |  |  | 5,704,927 |  |  | 14,234,759 |  |  | 566,863 |  |  | 20,506,549 |
Gross profit |  |  | 6,869,682 |  |  | 5,784,503 |  |  | (36,157) |  |  | 12,618,028 |
General and administrative expenses |  |  | 5,310,759 |  |  | 763,208 |  |  | 1,089,731 |  |  | 7,163,698 |
Income (loss) from operations |  | $ | 1,558,923 |  | $ | 5,021,295 |  | $ | (1,125,888) |  |  | 5,454,330 |
Other income, net |  |  |  |  |  |  |  |  |  |  |  | 1,424,595 |
Consolidated net income |  |  |  |  |  |  |  |  |  |  |  | 6,878,925 |
Income attributable to non-controlling interests |  |  |  |  |  |  |  |  |  |  |  | 283,072 |
Net income attributable to Consolidated Water Co. Ltd. stockholders |  |  |  |  |  |  |  |  |  |  | $ | 6,595,853 |
Depreciation and amortization expenses for the six months ended June 30, 2013 for the retail, bulk and services segments were $1,018,899, $1,532,125 and $146,363, respectively.
|  | As of June 30, 2014 |
|  | Retail |  | Bulk |  | Services |  | Total |
Property plant and equipment, net |  | $ | 26,179,279 |  | $ | 30,384,326 |  | $ | 623,057 |  | $ | 57,186,662 |
Construction in progress |  |  | 1,457,884 |  |  | 1,001,549 |  |  | - |  |  | 2,459,433 |
Goodwill |  |  | 1,170,511 |  |  | 2,328,526 |  |  | - |  |  | 3,499,037 |
Investment in land |  |  | - |  |  | - |  |  | 20,558,424 |  |  | 20,558,424 |
Total assets |  |  | 48,526,367 |  |  | 88,912,937 |  |  | 24,571,390 |  |  | 162,010,694 |
|  | As of December 31, 2013 |
|  | Retail |  | Bulk |  | Services |  | Total |
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 |
Investment in land |  |  | - |  |  | - |  |  | 13,175,566 |  |  | 13,175,566 |
Total assets |  |  | 65,853,375 |  |  | 84,300,971 |  |  | 15,210,508 |  |  | 165,364,854 |

X
- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8721-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8813-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=35741047&loc=d3e13816-109267 Reference 4: 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 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8736-108599 + Details
Name: | us-gaap_ScheduleOfSegmentReportingInformationBySegmentTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_SegmentReportingAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration