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Segment information
 12 Months Ended
Dec. 31, 2014
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, the Company records all non-direct general and administrative expenses in its retail business segment and does not allocate any of these non-direct costs to its 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, 2014
 
 
 
Retail
 
Bulk
 
Services
 
Total
 
Revenues
 
$
24,104,932
 
$
39,201,011
 
$
2,253,135
 
$
65,559,078
 
Cost of revenues
 
 
12,010,263
 
 
27,853,057
 
 
2,580,260
 
 
42,443,580
 
Gross profit (loss)
 
 
12,094,669
 
 
11,347,954
 
 
(327,125)
 
 
23,115,498
 
General and administrative expenses
 
 
11,183,731
 
 
1,605,499
 
 
3,865,209
 
 
16,654,439
 
Income (loss) from operations
 
 
910,938
 
 
9,742,455
 
 
(4,192,334)
 
 
6,461,059
 
Other income, net
 
 
 
 
 
 
 
 
 
 
 
303,481
 
Net income
 
 
 
 
 
 
 
 
 
 
 
6,764,540
 
Income attributable to non-controlling interests
 
 
 
 
 
 
 
 
 
 
 
499,182
 
Net income attributable to Consolidated Water Co. Ltd. stockholders
 
 
 
 
 
 
 
 
 
 
$
6,265,358
 
 
Depreciation and amortization expenses for the year ended December 31, 2014 for the retail, bulk and services segments were $2,470,597, $3,130,719 and $102,396, respectively. 
 
 
 
As of December 31, 2014
 
 
 
Retail
 
Bulk
 
Services
 
Total
 
Property plant and equipment, net
 
$
26,581,682
 
$
29,184,337
 
$
630,969
 
$
56,396,988
 
Construction in progress
 
 
902,656
 
 
997,360
 
 
-
 
 
1,900,016
 
Goodwill
 
 
1,170,511
 
 
2,328,526
 
 
-
 
 
3,499,037
 
Investment in land
 
 
-
 
 
-
 
 
20,558,424
 
 
20,558,424
 
Total assets
 
 
51,373,629
 
 
84,478,285
 
 
24,607,917
 
 
160,459,831
 
   
 
 
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 (loss)
 
 
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
 
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
 
 
Depreciation and amortization expenses for the year ended December 31, 2013 for the retail, bulk and services segments were $2,144,095, $3,215,039 and $292,335, respectively.
 
 
 
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
 
 
 
 
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 (expense), net
 
 
 
 
 
 
 
 
 
 
 
2,695,828
 
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
 
 
Depreciation and amortization expenses for the year ended December 31, 2012 for the retail, bulk and services segments were $2,240,083, $5,387,221 and $280,617, respectively. 
 
Revenues earned by major geographic region were:
 
 
 
Year Ended December 31,
 
 
 
2014
 
2013
 
2012
 
Cayman Islands
 
$
35,040,803
 
$
31,164,165
 
$
33,661,440
 
Bahamas
 
 
26,702,605
 
 
29,192,529
 
 
28,996,724
 
Indonesia
 
 
471,919
 
 
144,030
 
 
-
 
Belize
 
 
2,596,410
 
 
2,536,780
 
 
2,322,913
 
Revenues earned from management services agreement with OC-BVI
 
 
747,341
 
 
784,627
 
 
469,625
 
 
 
$
65,559,078
 
$
63,822,131
 
$
65,450,702
 
 
Revenues earned from major customers were:
 
 
 
Year Ended December 31,
 
 
 
2014
 
 
2013
 
 
2012
 
Revenues earned from the Water and Sewerage Corporation ("WSC")
 
$
26,376,520
 
 
$
28,861,195
 
 
$
28,765,529
 
Percentage of total revenues from the WSC
 
 
40
%
 
 
45
%
 
 
44
%
Revenues earned from the Water Authority - Cayman ("WAC")
 
$
9,901,996
 
 
$
8,230,912
 
 
$
9,438,545
 
Percentage of total revenues from the WAC
 
 
15
%
 
 
13
%
 
 
14
%
 
Property, plant and equipment, net by major geographic region were:
 
 
 
December 31,
 
 
 
2014
 
2013
 
Cayman Island operations
 
$
23,284,843
 
$
23,907,080
 
Bahamas operations
 
 
28,073,948
 
 
30,589,189
 
Belize operations
 
 
1,025,970
 
 
1,046,184
 
Indonesia operations
 
 
3,245,846
 
 
2,422,552
 
All other country operations
 
 
766,381
 
 
637,881
 
 
 
$
56,396,988
 
$
58,602,886