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Investments in Equity-accounted Investees | 12 Months Ended
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Dec. 31, 2012
Investments in Equity-accounted Investees | 18 Investments in Equity-accounted Investees Results relating to equity-accounted investees
|  | 2012 |  |  | 2011 |  |  | 2010 |
Company’s share in income (loss) |  |  | 7 |  |  |  | (77 | ) |  |  | (86 | )
Other results |  |  | (34 | ) |  |  | — |  |  |  | — |
|  |  | (27 | ) |  |  | (77 | ) |  |  | (86 | )
Company’s share in income (loss)
|  | 2012 |  |  | 2011 |  |  | 2010 |
Trident |  |  | — |  |  |  | (82 | ) |  |  | (94 | )
ASMC |  |  | 3 |  |  |  | 3 |  |  |  | 4 |
ASEN |  |  | 4 |  |  |  | 2 |  |  |  | 4 |
Others |  |  | — |  |  |  | — |  |  |  | — |
|  |  | 7 |  |  |  | (77 | ) |  |  | (86 | )
Other results Other results in 2012 include a loss of $46 million related to extra provisions for litigations, claims and proceedings and a gain of $12 million related to a partial recovery of our equity investment in Trident. Investments in equity-accounted investees The changes in 2012 are as follows:
|  | Investments |
Balance as of January 1 |  |  | 37 |
Changes: |  |  |  |
Acquisitions/additions |  |  | — |
Deductions |  |  | — |
Share in income (loss) |  |  | 7 |
Translation and exchange rate differences |  |  | 1 |
Balance as of December 31 |  |  | 45 |
The total carrying value of investments in equity-accounted investees is summarized as follows:
|  | 2012 |  |  | 2011 |
|  | Shareholding % |  |  | Amount |  |  | Shareholding % |  |  | Amount |
ASMC |  |  | 27 |  |  |  | 17 |  |  |  | 27 |  |  |  | 14 |
ASEN |  |  | 40 |  |  |  | 28 |  |  |  | 40 |  |  |  | 23 |
Trident |  |  | — |  |  |  | — |  |  |  | 57 |  |  |  | — |
|  |  |  |  |  |  | 45 |  |  |  |  |  |  |  | 37 |
Investments in equity-accounted investees are included in Corporate and Other. The fair value of NXP’s shareholding in the publicly listed company ASMC based on the quoted market price at December 31, 2012 is $18 million. On January 4, 2012, Trident and one of its subsidiaries, Trident Microsystems (Far East) Ltd., filed voluntary petitions under Chapter 11 of the United States Bankruptcy code, in the U.S. Bankruptcy Court for the District of Delaware and was subsequently delisted from the NASDAQ. The U.S. Bankruptcy Court approved the plan of liquidation and entered an order confirming such plan on December 13, 2012. An initial distribution to shareholders took place on December 21, 2012. In view of the aforementioned distribution, NXP B.V. returned its shares in Trident. In 2011, the share in net loss of NXP’s equity accounted participation in Trident is based on the losses reported by Trident in its unaudited condensed consolidated financial information for the financial year ended December 31, 2011, which has been furnished to the SEC on a Form 8-K on March 8, 2012. Based on the equity accounting methodology used to account for NXP’s equity interest in Trident, and irrespective of the Chapter 11 filing, the carrying value of the investment on NXP’s balance sheet is written down to zero as of December 31, 2011, compared to a carrying value of $82 million as of the end of 2010. Trident condensed consolidated financial information (unaudited) Trident’s 2011 condensed consolidated statements of operations (unaudited) are presented below:
($ in thousands) |  | For the year ended December 31, 2011 |
Net revenues |  |  | 298,349 |
Cost of revenues |  |  | (233,920 | )
Gross profit |  |  | 64,429 |
Research and development expenses |  |  | (138,972 | )
Selling, general and administrative expenses |  |  | (65,263 | )
Goodwill impairment |  |  | — |
Restructuring charges |  |  | (10,042 | )
Operating loss |  |  | (149,848 | )
Gain (loss) on investment |  |  | 2,098 |
Gain on acquisition |  |  | — |
Interest and other income (expense), net |  |  | 5,089 |
Loss before income taxes |  |  | (142,661 | )
Provision for income taxes |  |  | (7,689 | )
Net loss |  |  | (150,350 | )
Trident’s 2011 condensed consolidated balance sheets (unaudited) are presented below:
($ in thousands) |  | December 31, 2011 |
Cash and cash equivalents |  |  | 54,208 |
Accounts receivable, net |  |  | 25,998 |
Accounts receivable from related parties |  |  | 2,713 |
Inventories |  |  | 12,783 |
Note receivable from related party |  |  | 20,884 |
Prepaid expenses and other current assets |  |  | 11,005 |
Total current assets |  |  | 127,591 |
Property and equipment, net |  |  | 9,236 |
Intangible assets, net |  |  | 43,913 |
Long-term receivable from related party |  |  | — |
Other assets |  |  | 21,148 |
Total assets |  |  | 201,888 |
Accounts payable |  |  | 13,152 |
Accounts payable to related parties |  |  | 23,395 |
Accrued expenses and other current liabilities |  |  | 49,857 |
Income taxes payable |  |  | 3,085 |
Total current liabilities |  |  | 89,489 |
Long-term income taxes payable |  |  | 23,471 |
Deferred income tax liabilities |  |  | 301 |
Other long-term liabilities |  |  | 7,878 |
Total liabilities |  |  | 121,139 |
Common stock |  |  | 183 |
Additional paid-in capital |  |  | 441,614 |
Accumulated deficit |  |  | (361,048 | )
Total stockholders’ equity |  |  | 80,749 |
Total liabilities and stockholders’ equity |  |  | (201,888 | )
The unaudited condensed consolidated financial information of Trident included in the tables above is extracted from Trident’s Form 8-K, which information was furnished to the SEC on March 8, 2012. More recent audited Consolidated Financial Statements of Trident were not made available. For other information related to equity-accounted investees, see Note 12, “Related Party Transactions”.

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- Definition The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 35 -Paragraph 32 -URI http://asc.fasb.org/extlink&oid=7658923&loc=d3e32787-111569 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 18 -Paragraph 20 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.12) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6382943&loc=d3e33918-111571 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 323 -SubTopic 10 -Section 35 -Paragraph 35 -URI http://asc.fasb.org/extlink&oid=7658923&loc=d3e32847-111569 + Details
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