XML 33 R21.htm IDEA: XBRL DOCUMENT
v3.7.0.1

10. Interests in affiliates | 12 Months Ended
--- | ---
Dec. 31, 2016
Notes to Financial Statements |
Interests in affiliates | Investments in affiliates are accounted for using the equity method of accounting. The Company is holding 19.7% equity interests in Zhejiang Tianlan Environmental Protection Technology Co. Ltd. A company incorporated in the PRC, with total cost of investment US$5,540,000. Blue Sky provides a comprehensive service for design, general contract, equipment manufacturing, installation, testing and operation management of the treatment of waste gases emitted from various boilers and industrial furnaces of power plants, steel works and chemical plants since 2000. Blue Sky has recently received approval from the National Equities Exchange and Quotations (“NEEQ”) to list its shares on the New Third Board in the People’s Republic of China (“PRC”) on November 17, 2015. The Group interest in Blue Sky has been counted for as an affiliate using the equity method as the Group has representation in both the Board and Executive Committee of Blue Sky, and the ability to participate in the decision-making process. During the year, the Group’s equity in Blue Sky was diluted subsequent to the issuance of new ordinary shares by Blue Sky to other shareholders. A net profit on deemed disposal of an affiliate of USD24,000 had been recognized in the consolidated statement of operations and comprehensive income for that year. A summary of the financial information of the affiliate, Zhejiang Tianlan Environmental Protection Technology Co. Ltd, is set forth below:
|  | 2016 |  |  | 2015 |
Balance Sheet: |  | US$’000 |  |  | US$’000 |
Current assets |  |  | 46,297 |  |  |  | 57,432 |
Non-current assets |  |  | 25,847 |  |  |  | 26,587 |
Total assets |  |  | 72,144 |  |  |  | 84,019 |
Total liabilities |  |  | (45,372 | ) |  |  | (58,149 | )
Total shareholders’ equity |  |  | 26,772 |  |  |  | 25,870 |
|  | 2016 |  |  | 2015 |
Operating results: |  | US$’000 |  |  | US$’000 |
Net sales |  |  | 43,226 |  |  |  | 66,899 |
Operating income |  |  | 3,841 |  |  |  | 4,260 |
Net income |  |  | 3,473 |  |  |  | 3,458 |
The Company is holding 20% equity interests in Zhejiang Jia Huan Electronic Co. Ltd. (“Jia Huan”), a company incorporated in the PRC, with total cost of investment US$2,486,000. Jia Huan provides a comprehensive service for environmental protection business since 1969 and is based in Jin Hua, Zhejiang. A summary of the financial information of the affiliate, Zhejiang Jia Huan Electronic Co. Ltd, is set forth below:
|  | 2016 |  |  | 2015 |
Balance Sheet: |  | US$’000 |  |  | US$’000 |
Current assets |  |  | 22,021 |  |  |  | 22,693 |
Non-current assets |  |  | 4,079 |  |  |  | 4,717 |
Total assets |  |  | 26,100 |  |  |  | 27,410 |
Total liabilities |  |  | (11,694 | ) |  |  | (13,627 | )
Total shareholders’ equity |  |  | 14,406 |  |  |  | 13,783 |
|  | 2016 |  |  | 2015 |
Operating results: |  | US$’000 |  |  | US$’000 |
Net sales |  |  | 16,684 |  |  |  | 18,481 |
Operating income |  |  | 1,586 |  |  |  | 1,316 |
Net income |  |  | 1,564 |  |  |  | 788 |

X
- References No definition available. + Details
Name: | CLWT_NotesToFinancialStatementsAbstract
Namespace Prefix: | CLWT_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of investments in and advances to affiliates. Does not include the tabular disclosure of the disaggregation of investments in and advances to affiliates across legal entities. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 946 -SubTopic 320 -Section S99 -Paragraph 6 -Subparagraph (SX 210.12-14) -URI http://asc.fasb.org/extlink&oid=50485924&loc=d3e611322-123010 + Details
Name: | us-gaap_InvestmentsInAndAdvancesToAffiliatesTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration