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Discontinued Business
12 Months Ended
Dec. 31, 2012
Discontinued Business
12. Discontinued Business

After the final evaluation on the viability of its LCDP business based on its performance in the first quarter of 2012, the Company has decided to exit its LCDP business which produces LCD modules by the end of March 2012. The operation of this LCDP business ceased in December 2012.

Summarized financial information for our discontinued business related to LCDP is as follows:

 

     2010     2011     2012  

Net sales

     86,108        77,240        24,187   
  

 

 

   

 

 

   

 

 

 

Income (loss) before income tax

     6,719        479        (978

Income tax (expenses) credit

     (1,579     440        284   
  

 

 

   

 

 

   

 

 

 

Income (loss) from discontinued business, net of income tax

     5,140        919        (694
  

 

 

   

 

 

   

 

 

 

Accounts receivable

       8,715        112   

Inventories

       5,341        —     

Prepaid expense and other receivables

       5,592        —     

Deferred tax assets

       2,314        —     

Property, plant and equipment, net

       11,921        —     

Deposits for property, plant and equipment

       296        —     
    

 

 

   

 

 

 

Total assets

       34,179        112   
    

 

 

   

 

 

 

Accounts payable

       8,626        —     

Accrued expenses and other payables

       2,306        515   

Income taxes payable

       (652     —     
    

 

 

   

 

 

 

Total liabilities

       10,280        515   
    

 

 

   

 

 

 

Net assets (liabilities) of discontinued business

       23,899        (403