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Prepayments and other current assets
12 Months Ended
Dec. 31, 2011
Notes to Financial Statements  
Prepayments and other current assets

 

Prepayment and other current assets mainly represent deposits for purchases and services, rental and utilities deposits, and prepaid expenses. The other current assets also include cost of estimated earnings in excess of billing.

 

Cost and estimated earnings in excess of billings

 

    2011     2010  
    US$’000     US$’000  
             
Contracts costs incurred plus estimated earnings     8,604       8,569  
Less: Progress billings     (8,098 )     (8,338 )
Cost and estimated earnings in excess of billings     506       231