Equity Investment In Unconsolidated Subsidiary

9 Months Ended

Sep. 30, 2011

Equity Investment In Unconsolidated Subsidiary [Abstract]

Equity Investment In Unconsolidated Subsidiary

3. EQUITY INVESTMENT IN UNCONSOLIDATED SUBSIDIARY

Following is the summarized financial information of CPL as of September 30, 2011, December 31, 2010 and the three and nine months ended September 30, 2011 and 2010:


Amounts in thousands (in USD):	September 30, 2011		December 31, 2010
Balance Sheet:
Current assets	$	4,444	$	4,197
Noncurrent assets	$	11,327	$	10,927
Current liabilities	$	5,624	$	5,503
Noncurrent liabilities	$	3,388	$	3,842

	For the three months ended September 30,					For the nine months ended September 30,
	2011		2010			2011		2010
Operating Results
Net operating revenue	$	13,648	$	8,955		$	38,847	$	33,682
Net earnings	$	747	$	(95	)	$	2,169	$	949

The Company's maximum exposure to losses in CPL at September 30, 2011 was $3.0 million, the value of its equity investment in CPL.

Changes in the carrying amount of the investment in CPL during the nine months ended September 30, 2011 are as follows:

	Amounts in thousands (in USD)
	Balance – December 31, 2010	$2,806
	Equity Earnings	723
	Effect of foreign currency translation	(332)
	Dividend	(163)
	Balance – September 30, 2011	$3,034

- Definition

The entire disclosure for equity investment, or group of investments, for which combined disclosure is appropriate, including: (a) the name of each investee and percentage of ownership of common stock, (b) accounting policies for investments in common stock, (c) difference between the amount at which the investment is carried and the amount of underlying equity in net assets and the accounting treatment of the difference, (d) the total fair value of each identified investment for which a market value is available, (e) summarized information as to assets, liabilities, and results of operations of the investees (for investments in unconsolidated subsidiaries, common stock of joint ventures, or other investments using the equity method), and (f) material effects of possible conversions, exercises, or contingent issuances of the investee. Other disclosures include (a) the names of any investee in which the investor owns 20 percent or more of the voting stock and investment is not accounted for using the equity method, and the reasons why not, and (b) the names of any investee in which the investor owns less than 20 percent of the voting stock and the investment is accounted for using the equity method, and the reasons why it is.

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