XML 52 R41.htm IDEA: XBRL DOCUMENT v3.4.0.3
22. Segment information
 12 Months Ended
Dec. 31, 2014
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.

 

    2014     2013     2012  
    US$’000     US$’000     US$’000  
Revenue                  
Trading and manufacturing     11,647       10,986       10,866  
Engineering     7,175       7,616       10,779  
                   
      18,822       18,602       21,645  
Operating loss                  
Trading and manufacturing     (214 )     (241 )     (301 )
Engineering     (640 )     106       401  
Unallocated corporate expenses     (117 )     (120 )     (159 )
                   
      (971 )     (255 )     (59 )

 

    2014     2013     2012  
    US$’000     US$’000     US$’000  
Depreciation:              
Trading and manufacturing     67       74       88  
Engineering     21       34       42  
                   
      88       108       130  
                   
Capital Expenditures, Gross  
Trading and manufacturing     2       31       12  
Engineering     8       20       29  
                   
      10       51       41  

 

    2014     2013  
    US$’000     US$’000  
Assets            
Trading and manufacturing     5,664       5,067  
Engineering     17,735       18,811  
             
      23,399       23,878  
             
Liabilities          
Trading and manufacturing     2,929       1,334  
Engineering     2,940       4,667  
             
      5,869       6,001  

 

 

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

 

    2014     2013     2012  
    US$’000     US$’000     US$’000  
Revenue -                  
The PRC     10,950       12,392       15,867  
Hong Kong     6,177       5,919       5,511  
Others     1,695       291       267  
                   
      18,822       18,602       21,645  

 

(iii)          Long-lived assets (1)

 

Geographical analysis of long-lived assets is as follows:

 

    2014     2013  
    US$’000     US$’000  
             
Hong Kong     532       568  
The PRC     279       321  
             
      811       889  

(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:

 

    2014     2013     2012  
                   
Supplier A     33 %     20 %     10 %
Supplier B     11 %     17 %     17 %
Supplier C     11 %     8 %     11 %
Supplier D     8 %     8 %     7 %
Supplier E     7 %     7 %     6 %
Supplier F     6 %     7 %     6 %

 

(v)           Major customers

 

No revenue from a single customer exceeds 10% of the Group revenue during the years ended December 31, 2014, 2013 and 2012.