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10. Interests in affiliates (Tables)
12 Months Ended
Dec. 31, 2012
Interests In Affiliates Tables  
Schedule of Investments in affiliates

A summary of the financial information of the affiliate, Zhejiang Tianlan Environmental Protection Technology Co. Ltd, is set forth below:

 

    2012     2011  
Balance Sheet:   US$’000     US$’000  
             
Current assets     57,431       49,064  
                 
Non-current assets     9,605       10,322  
                 
Total assets     67,036       59,386  
                 
Total liabilities     (42,889 )     (35,154 )
                 
Total shareholders’ equity     24,147       24,232  

 

    2012     2011  
Operating results:   US$’000     US$’000  
             
Net sales     44,543       45,966  
                 
Operating profits     616       6,899  
                 
Net (loss)/profits     (196 )     6,407  

 

 

 

The Group acquired 20% of the equity interests in Zhejiang Jia Huan Electronic Co. Ltd., (“Jia Huan”), a company incorporated in the PRC, for approximately US$2,610,000 in 2008. Jia Huan has been in the environmental protection business since 1969 and is based in Jin Hua, Zhejiang.

 

A summary of the financial information of the affiliate, Zhejiang Jia Huan Electronic Co. Ltd, is set forth below:

 

    2012     2011  
Balance Sheet:   US$’000     US$’000  
             
             
Current assets     17,371       16,645  
                 
Non-current assets     5,650       5,402  
                 
Total assets     23,021       22,047  
                 
Total liabilities     (9,893 )     (9,295 )
                 
Total shareholders’ equity     13,128       12,752  

 

    2012     2011  
Operating results:   US$’000     US$’000  
             
Net sales     12,631       8,151  
                 
Operating profits/(losses)     74       (903 )
                 
Net profits/(losses)     243       (749 )