22. Segment information

12 Months Ended

Dec. 31, 2016

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.

	2016			2015			2014
	US$’000			US$’000			US$’000
Revenue
Trading and manufacturing		13,721			12,256			11,647
Engineering		8,757			6,046			7,175
		22,478			18,302			18,822
Operating loss
Trading and manufacturing		(346	)		(187	)		(214	)
Engineering		(209	)		(1,624	)		(640	)
Unallocated corporate expenses		(115	)		(147	)		(117	)
		(670	)		(1,958	)		(971	)

	2016		2015		2014
	US$’000		US$’000		US$’000
Depreciation:
Trading and manufacturing		43		46		67
Engineering		12		10		21
		55		56		88
Capital Expenditures, Gross
Trading and manufacturing		12		11		2
Engineering		48		10		8
		60		21		10

	2016		2015
	US$’000		US$’000
Assets
Trading and manufacturing		5,463		5,050
Engineering		17,641		16,220
		23,104		21,270
Liabilities
Trading and manufacturing		3,208		2,468
Engineering		3,278		2,346
		6,486		4,814

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

	2016		2015		2014
	US$’000		US$’000		US$’000
Revenue -
The PRC		10,604		9,327		10,950
Hong Kong		11,687		8,726		6,177
Others		187		249		1,695
		22,478		18,302		18,822

(iii)             Long-lived assets (1)

Geographical analysis of long-lived assets is as follows:

	2016		2015
	US$’000		US$’000
Hong Kong		480		501
The PRC		291		272
		771		773

(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:

	2016			2015			2014
Supplier A		63	%		39	%		33	%
Supplier B		7	%		11	%		11	%
Supplier C		5	%		6	%		6	%
Supplier D		5	%		5	%		6	%

(v)                Major customers

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

	2016			2015			2014
Customer A		13	%		11	%		-
Customer B		6	%		-			-
Customer C		6	%		-			-
Customer D		-			11	%		-
Customer E		-			6	%		-
Customer F		-			5	%		-