22. Segment information

12 Months Ended

Dec. 31, 2015

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.

	2015			2014			2013
	US$’000			US$’000			US$’000
Revenue
Trading and manufacturing		12,256			11,647			10,986
Engineering		6,046			7,175			7,616
		18,302			18,822			18,602
Operating loss
Trading and manufacturing		(187	)		(214	)		(241	)
Engineering		(1,624	)		(640	)		106
Unallocated corporate expenses		(147	)		(117	)		(120	)
		(1,958	)		(971	)		(255	)

	2015		2014		2013
	US$’000		US$’000		US$’000
Depreciation:
Trading and manufacturing		46		67		74
Engineering		10		21		34
		56		88		108
Capital Expenditures, Gross
Trading and manufacturing		11		2		31
Engineering		10		8		20
		21		10		51

	2015		2014
	US$’000		US$’000
Assets
Trading and manufacturing		5,050		5,664
Engineering		16,220		17,735
		21,270		23,399
Liabilities
Trading and manufacturing		2,468		2,929
Engineering		2,346		2,940
		4,814		5,869

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

	2015		2014		2013
	US$’000		US$’000		US$’000
Revenue -
The PRC		9,327		10,950		12,392
Hong Kong		8,726		6,177		5,919
Others		249		1,695		291
		18,302		18,822		18,602

(iii)           Long-lived assets (1)

Geographical analysis of long-lived assets is as follows:

	2015		2014
	US$’000		US$’000
Hong Kong		501		532
The PRC		272		279
		773		811

(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:

	2015			2014			2013
Supplier A		39	%		33	%		20	%
Supplier B		11	%		11	%		8	%
Supplier C		11	%		11	%		17	%
Supplier D		6	%		7	%		7	%
Supplier E		5	%		6	%		7	%
Supplier F		3	%		8	%		8	%

(v)           Major customers

Details of individual customers accounting for more than 5% of the Group’s revenue are as follows:

	2015			2014		2013
Customer A		11	%		-		-
Customer B		10	%		-		-
Customer C		6	%		-		-
Customer D		6	%		-		-