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22. Segment information
 12 Months Ended
Dec. 31, 2013
Notes to Financial Statements  
Segment information
  (i) The Group reports under two segments: Trading and manufacturing, and Engineering.

 

Operating income represents total revenues less operating expenses, excluding other expense, interest and income taxes. The identifiable assets by segment are those used in each segment’s operations. Intersegment transactions are not significant and have been eliminated to arrive at consolidated totals.

 

    2013     2012     2011  
    US$’000     US$’000     US$’000  
Revenue                  
Trading and manufacturing     10,986       10,866       11,437  
Engineering     7,616       10,779       8,776  
                         
      18,602       21,645       20,213  
                         
Operating (loss)/income                        
Trading and manufacturing     (241 )     (301 )     (720 )
Engineering     106       401       (802 )
Unallocated corporate expenses     (120 )     (159 )     (152 )
                         
      (255 )     (59 )     (1,674 )

 

    2013     2012     2011  
    US$’000     US$’000     US$’000  
Depreciation:                  
Trading and manufacturing     74       88       137  
Engineering     34       42       45  
                         
      108       130       182  
                         
Capital Expenditures, Gross                        
Trading and manufacturing     31       12       44  
Engineering     20       29       19  
                         
      51       41       63  

 

    2013     2012  
    US$’000     US$’000  
Assets            
Trading and manufacturing     5,067       6,211  
Engineering     18,811       18,736  
                 
      23,878       24,947  
                 
Liabilities                
Trading and manufacturing     1,334       2,615  
Engineering     4,667       4,576  
                 
      6,001       7,191  

 

  (ii)  Geographical analysis of revenue by customer location is as follows:

 

    2013     2012     2011  
    US$’000     US$’000     US$’000  
Revenue -                  
The PRC     12,392       15,867       15,100  
Hong Kong     5,919       5,511       4,891  
Others     291       267       222  
                   
      18,602       21,645       20,213  

 

  (iii)  Long-lived assets (1)

 

Geographical analysis of long-lived assets is as follows:

 

    2013     2012  
    US$’000     US$’000  
             
Hong Kong     568       583  
The PRC     321       362  
                 
      889       945  

 

  (1) Long-lived assets represent property, plant and equipment, net.

 

  (iv)  Major suppliers

 

Details of individual suppliers accounting for more than 5% of the Group’s purchases are as follows:

 

    2013     2012     2011  
                   
Supplier A     20 %     10 %     7 %
Supplier B     17 %     17 %     10 %
Supplier C     8 %     11 %     10 %
Supplier D     8 %     7 %     8 %
Supplier E     7 %     6 %     6 %
Supplier F     7 %     6 %     15 %

 

  (v)  Major customers

 

No revenue from a single customer exceeds 10% of the Group revenue during the years ended December 31, 2013, 2012 and 2011.