XML 77 R24.htm IDEA: XBRL DOCUMENT v2.4.0.6
Segment Reporting
 12 Months Ended
Dec. 31, 2012
Segment Reporting [Abstract]  
Segment Reporting
(18) Segment Reporting
 
Since March 10, 2010, Orient Paper Shengde started its operations and thereafter the Company manages its operations through two business operating segments: Orient Paper HB, which produces printing paper and corrugating medium paper, and Orient Paper Shengde, which produces digital photo paper. They are managed separately because each business requires different technology and marketing strategies.
 
The Company evaluates performance of its operating segments based on net income. Administrative functions such as finance, treasury, and information systems are centralized. However, where applicable, portions of the administrative function expenses are allocated between the operating segments based on gross revenue generated. The operating segments do share facilities in Xushui County, Baoding City, Hebei, China. All sales were sold to customers located in the PRC.
 
Summarized financial information for the two reportable segments is as follows: 
 
   
Year Ended
   
December 31, 2012
   
Orient Paper
    
Orient Paper
    
Not Attributable
    
Elimination
    
Enterprise-wide,
  
   
HB
    
Shengde
    
to Segments
    
of Inter-segment
    
consolidated
  
                               
Revenues
  
$
144,928,792
    
$
6,188,014
      
-
      
-
    
$
151,116,806
  
Gross Profit
    
25,616,670
      
1,439,577
      
-
      
-
      
27,056,247
  
Depreciation and amortization
    
6,553,120
      
1,829,739
      
-
      
-
      
8,382,859
  
Impairment
    
2,762,349
      
-
      
-
      
-
      
2,762,349
  
Interest income
    
25,950
      
4,634
      
90
      
-
      
30,674
  
Interest expense
    
867,561
      
-
      
4,273
      
-
      
871,834
  
Income tax expense
    
5,129,304
      
335,539
      
-
      
-
      
5,464,843
  
Net Income (Loss)
    
15,109,345
      
965,444
      
(1,402,126
)
    
-
      
14,672,663
  
Total Assets
    
119,707,195
      
43,076,428
      
62,701
      
-
      
162,846,324
  
 
   
Year Ended
   
December 31, 2011
   
Orient Paper
    
Orient Paper
    
Not Attributable
    
Elimination
    
Enterprise-wide,
  
   
HB
    
Shengde
    
to Segments
    
of Inter-segment
    
consolidated
  
                               
Revenues
  
$
142,498,116
    
$
8,249,200
      
-
      
-
    
$
150,747,316
  
Gross Profit
    
30,191,480
      
2,758,595
      
-
      
-
      
32,950,075
  
Depreciation and amortization
    
3,504,717
      
919,814
      
-
      
-
      
4,424,531
  
Interest income
    
20,847
      
15,273
      
317
      
-
      
36,437
  
Interest expense
    
699,892
      
-
      
-
      
-
      
699,892
  
Income tax expense
    
7,136,886
      
662,340
      
-
      
-
      
7,799,226
  
Net Income (Loss)
    
21,527,824
      
1,961,694
      
(1,840,854
)
    
-
      
21,648,664
  
Total Assets
    
111,305,277
      
46,180,744
      
224,868
      
(12,753,025
)
    
144,957,864