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Note 20 - Segment Financial Information | 12 Months Ended
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Dec. 31, 2011
SEGMENT FINANCIAL INFORMATION |
Segment Reporting Disclosure [Text Block] | 20. SEGMENT FINANCIAL INFORMATION Description of Products by Segment t57 ititivein china has very re than 10% of the total reveune 4 (2010:$28,484) of a subsidiary as at Decebsidiary as at Deceents In accordance with ASC 280, “Segment Reporting”, the Group chief operating decision maker has been identified as the chief operating officer, who reviews consolidated results when making decisions about allocating resources and assessing performance of the Group. According to the management approach, the Company currently operates in three operating segments: (1) manufacturing of wire and cable products (“Manufactured products”), (2) distribution of copper and cable products manufactured by PEWC (“Distributed products”) and (3) sales, delivery and installation of wires and cables (“SDI”). Measurement of Segment Profit or Loss and Segment Assets The Company evaluates performance and allocates resources based on profit or loss from operations before interest, gains and losses on the Company’s investment portfolio, and income taxes. The accounting policies of the reportable segments, including transactions entered between reportable segments, are the same as those described in the summary of significant accounting policies.
|  | Year ended December 31,
|  | 2009 |  | 2010 |  | 2011
Revenues |  |  |  |  |  |
Revenues from external customers: |  |  |  |  |  |
Manufactured products |  | $ 264,128 |  | $ 396,059 |  | $ 429,474
Distributed products |  | 28,102 |  | 26,935 |  | 25,500
Supply, delivery and installation of wires and cables |  | 34,008 |  | 23,600 |  | 16,972
Total revenues from external customers |  | $ 326,238 |  | $ 446,594 |  | $ 471,946
Intersegment revenues: |  |  |  |  |  |
Manufactured products |  | $ 12,235 |  | $ 3,143 |  | $ 3,283
Distributed products |  | - |  | 9,898 |  | 13,960
Total intersegment revenues |  | $ 12,235 |  | $ 13,041 |  | $ 17,243
Total segment revenues |  | $ 338,473 |  | $ 459,635 |  | $ 489,189
Reconciling item |  |  |  |  |  |
Elimination of intersegment revenues |  | (12,235) |  | (13,041) |  | (17,243)
Total revenues |  | $ 326,238 |  | $ 446,594 |  | $ 471,946
|  | Year ended December 31,
|  | 2009 |  | 2010 |  | 2011
Segment profit (loss) |  |  |  |  |  |
Manufactured products |  | $ 14,288 |  | $ 53,429 |  | $ 42,876
Distributed products |  | 1,517 |  | 1,378 |  | 2,955
Supply, delivery and installation of wires and cables |  | 889 |  | 242 |  | 57
Inventory impairment |  | 23,949 |  | 1,974 |  | (1,993)
Total segment profit |  | $ 40,643 |  | $ 57,023 |  | $ 43,895
Reconciling items |  |  |  |  |  |
Corporate and other expenses |  | (24,228) |  | (28,371) |  | (42,079)
Exchange gain (loss) |  | 507 |  | 3,041 |  | (1,346)
Interest income |  | 458 |  | 492 |  | 1,409
Interest expense |  | (1,597) |  | (1,364) |  | (2,217)
Share of net loss of equity investees |  | (40) |  | (21) |  | (58)
Gain on liquidation of subsidiary |  | 568 |  | - |  | -
Other income |  | 2,111 |  | 1,032 |  | 1,032
Income from continuing operations before income taxes |  | $ 18,422 |  | $ 31,832 |  | $ 636
Segment assets |  |  |  |  |  |
Manufactured products |  | $ 280,179 |  | $ 374,634 |  | $ 326,960
Distributed products |  | 6,363 |  | 8,195 |  | 4,369
Supply, delivery and installation of wires and cables |  | 864 |  | 359 |  | 357
Total segment assets |  | $ 287,406 |  | $ 383,188 |  | $ 331,686
Reconciling items |  |  |  |  |  |
Corporate and other assets |  | 5,383 |  | 493 |  | 1,168
Investment in equity investee companies |  | 3,263 |  | 3,242 |  | 4,435
Total assets |  | $ 296,052 |  | $ 386,923 |  | $ 337,289
Expenditures for additions to long-lived assets |  |  |  |  |  |
Manufactured products |  | $ 3,260 |  | $ 3,650 |  | $ 8,775
Distributed products |  | - |  | - |  | -
Supply, delivery and installation of wires and cables |  | - |  | - |  | -
Corporate |  | - |  | 3 |  | 113
Total expenditure for additions to long-lived assets |  | $ 3,260 |  | $ 3,653 |  | $ 8,888
|  | Year ended December 31,
|  | 2009 |  | 2010 |  | 2011
Depreciation expenses |  |  |  |  |  |
Manufactured products |  | $ (8,165) |  | $ (6,474) |  | $ (6,014)
Distributed products |  | - |  | - |  | -
Supply, delivery and installation of wires and cables |  | - |  | - |  | -
Corporate |  | (14) |  | (14) |  | (52)
Depreciation expenses of continuing operations |  | $ (8,179) |  | $ (6,488) |  | $ (6,066)
Depreciation expenses of discontinued operations |  | (762) |  | (369) |  | (396)
Total depreciation expenses |  | (8,941) |  | (6,857) |  | (6,462)
Impairment loss of long-lived assets and goodwill |  |  |  |  |  |
Manufactured products |  | $ - |  | $ - |  | $ (8,816)
Distributed products |  | - |  | - |  | -
Supply, delivery and installation of wires and cables |  | - |  | - |  | -
Corporate |  | (77) |  | - |  | -
Total impairment loss |  | $ (77) |  | $ - |  | $ (8,816)
Interest income |  |  |  |  |  |
Manufactured products |  | $ 408 |  | $ 454 |  | $ 1,305
Distributed products |  | 21 |  | 27 |  | 81
Supply, delivery and installation of wires and cables |  | 29 |  | 11 |  | 3
Corporate |  | - |  | - |  | 20
Total interest income of continuing operations |  | $ 458 |  | $ 492 |  | $ 1,409
Interest expense |  |  |  |  |  |
Manufactured products |  | $ (1,414) |  | $ (1,203) |  | $ (2,050)
Distributed products |  | (59) |  | (73) |  | (88)
Supply, delivery and installation of wires and cables |  | (87) |  | (39) |  | (39)
Corporate |  | (37) |  | (49) |  | (40)
Total interest expense of continuing operations and discontinuing operations |  | $ (1,597) |  | $ (1,364) |  | $ (2,217)
Share of net loss of equity investees |  |  |  |  |  |
Manufactured products |  | $ - |  | $ - |  | $ -
Distributed products |  | - |  | - |  | -
Supply, delivery and installation of wires and cables |  | - |  | - |  | -
Corporate |  | (40) |  | (21) |  | (58)
Total share of net loss of equity investees |  | $ (40) |  | $ (21) |  | $ (58)
There is no sales of 10% or more of the total revenue to a single customer for 2010 and 2011. In 2009, sale to SP Powerassets Ltd. exceeded 10% of total revenue, which included sales of manufactured products, distributed products, and sales, delivery and installation of wires and cables, are as follows:
|  | 2009
Manufactured products |  | $ 10,398
Distributed products |  | 22,746
Supply, delivery and installation of wires and cables |  | 32,806
|  | $ 65,950
Geographic Area Data Revenue from external customers is attributed to individual countries based on the customer’s country of domicile and is summarized as follows:
|  | Year ended December 31,
|  | 2009 |  | 2010 |  | 2011
Revenues from external customers |  |  |  |  |  |
Continuing operations |  |  |  |  |  |
Thailand |  | $ 96,799 |  | $ 165,191 |  | $ 176,011
Singapore |  | 94,782 |  | 70,154 |  | 86,474
Australia |  | 34,574 |  | 46,288 |  | 61,457
The People’s Republic of China |  | 90,768 |  | 146,529 |  | 138,970
Vietnam |  | 4,550 |  | 9,752 |  | 5,106
Others (Southeast Asia) |  | 4,765 |  | 8,680 |  | 3,928
|  | $ 326,238 |  | $ 446,594 |  | $ 471,946
Revenue from discontinued operations |  | $ 35,993 |  | $ 22,736 |  | $ 30,210
Long-lived assets by the country of domicile are summarized as follow:
Long-lived assets by area: |  |  |  |  |  |
Thailand |  | $ 28,002 |  | $ 27,926 |  | $ 19,894
Singapore |  | 8,069 |  | 8,987 |  | 10,339
Australia |  | 3,515 |  | 3,520 |  | 6,119
The People’s Republic of China |  | 12,837 |  | 12,261 |  | 6,500
Others |  | 18 |  | 8 |  | 62
Total long-lived assets |  | $ 52,441 |  | $ 52,702 |  | $ 42,914

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8595-108599 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 10 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8538-108599 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 33 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8971-108599 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8981-108599 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 29 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8864-108599 Reference 6: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8380-108599 Reference 7: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8984-108599 Reference 8: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Statement of Financial Accounting Standard (FAS) -Number 131 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 11: 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 12: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8844-108599 Reference 13: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9031-108599 Reference 14: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e9054-108599 Reference 15: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI http://asc.fasb.org/extlink&oid=6534315&loc=d3e8924-108599 + Details
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