22. Segment information

12 Months Ended

Dec. 31, 2012

Notes to Financial Statements

Segment information

22 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.

	2012			2011			2010
	US$’000			US$’000			US$’000
Revenue
Trading and manufacturing		10,866			11,437			13,745
Engineering		10,779			8,776			8,560
		21,645			20,213			22,305
Operating (loss)/income
Trading and manufacturing		(301	)		(720	)		(1,590	)
Engineering		401			(802	)		354
Unallocated corporate expenses		(159	)		(152	)		(142	)
		(59	)		(1,674	)		(1,378	)

	2012		2011		2010
	US$’000		US$’000		US$’000
Depreciation:
Trading and manufacturing		88		137		132
Engineering		42		45		38
		130		182		170
Capital Expenditures, Gross
Trading and manufacturing		12		44		52
Engineering		29		19		60
		41		63		112

	2012		2011
	US$’000		US$’000
Assets
Trading and manufacturing		6,211		6,215
Engineering		18,736		17,649
		24,947		23,864
Liabilities
Trading and manufacturing		2,615		2,315
Engineering		4,576		3,640
		7,191		5,955

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

	2012		2011		2010
	US$’000		US$’000		US$’000
Revenue -
The PRC		15,867		15,100		15,891
Hong Kong		5,511		4,891		6,150
Others		267		222		264
		21,645		20,213		22,305

(iii)  Long-lived assets(1)   Geographical analysis of long-lived assets is as follows:

	2012		2011
	US$’000		US$’000
Hong Kong		583		630
The PRC		362		428
		945		1,058

(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:

	2012			2011			2010
Supplier A		17	%		10	%		7	%
Supplier B		11	%		10	%		13	%
Supplier C		10	%		7	%		21	%
Supplier D		7	%		8	%		6	%
Supplier E		6	%		6	%		4	%
Supplier F		6	%		15	%		7	%

(v)  Major customers   No revenue from a single customer exceeds 10% of the Group revenue during the years ended December 31, 2012, 2011 and 2010.