Segment information

12 Months Ended

Dec. 31, 2011

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.

	2011			2010			2009
	US$’000			US$’000			US$’000
Revenue
Trading and manufacturing		11,437			13,745			18,326
Engineering		8,776			8,560			9,010
		20,213			22,305			27,336
Operating loss
Trading and manufacturing		(720	)		(1,590	)		(452	)
Engineering		(802	)		354			468
Unallocated corporate expenses		(152	)		(142	)		(154	)
		(1,674	)		(1,378	)		(138	)

	2011		2010		2009
	US$’000		US$’000		US$’000
Depreciation:
Trading and manufacturing		137		132		172
Engineering		45		38		30
		182		170		202
Capital Expenditures, Gross
Trading and manufacturing		44		52		81
Engineering		19		60		37
		63		112		118

	2011		2010
	US$’000		US$’000
Assets
Trading and manufacturing		6,215		7,808
Engineering		17,649		17,405
		23,864		25,213
Liabilities
Trading and manufacturing		2,315		3,615
Engineering		3,640		3,497
		5,955		7,112

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

	2011		2010		2009
	US$’000		US$’000		US$’000
Revenue -
The PRC		15,100		15,891		19,333
Hong Kong		4,891		6,150		7,621
Others		222		264		382
		20,213		22,305		27,336

(iii)  Long-lived assets(1)

Geographical analysis of long-lived assets is as follows:

	2011		2010
	US$’000		US$’000
Hong Kong		630		698
The PRC		428		654
		1,058		1,352

  (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:

	2011			2010			2009
Supplier A		15	%		7	%		6	%
Supplier B		10	%		6	%		0	%
Supplier C		10	%		13	%		10	%
Supplier D		8	%		6	%		5	%
Supplier E		7	%		21	%		21	%
Supplier F		6	%		4	%		3	%

(v)  Major customers

No revenue from a single customer exceeds 10% of the Group revenue during the years ended December 31, 2011, 2010 and 2009.