Goodwill and Other Intangible Assets

12 Months Ended

Dec. 31, 2015

Goodwill and Intangible Assets Disclosure [Abstract]

Goodwill and Other Intangible Assets

19.

Goodwill and Other Intangible Assets

(a)

Goodwill

The carrying amount of goodwill is as follows:


	USD
Balance as of December 31, 2014	$	66,045
Acquisition of Solar Juice (Note 3)		8,238
Acquisition of CECEP (Note 3)		1,417
Acquisition of Energiebau		269

Balance as of December 31, 2015	$	75,969

Based on the fair value of the reporting unit which is higher than the carrying amount (including goodwill) as at December 31, 2015, step 2 impairment test was not performed and no provision for impairment for goodwill was made.

(b)

Other Intangible Assets

Intangible assets consisted of the following:


	Useful Life (in months)	Gross		Impairment Charge		Accumulated Amortization			Net
As of December 31, 2015
Patent	57		2,700		—		(2,700	)		—
Customer Relationship	120		4,728		—		(274	)		4,454
Website	36		100		—		(28	)		72
		$	7,528			$	(3,002	)	$	4,526

As of December 31, 2014
Patent	57	$	2,700	$	—	$	(2,140	)	$	560

		$	2,700	$	—	$	(2,140	)	$	560

The customer relationship was mainly contributed by the acquisition of Solar Juice (See Note 3 — Business Acquisitions) in May 2015. As customer relationship with their clients was the key driver of the revenue for Solar Juice, which will bring further economic benefit to its business. Therefore, the customer relationship was separately identified as an intangible asset on the acquisition date. The balance will be amortized over the useful life of 10 years.

Amortization expense for other intangible assets was $862 and $560 for the years ended December 31, 2015 and 2014, respectively.

As of December 31, 2015, the estimated future amortization expense related to other intangible assets is as follows:


	USD
2016		522
2017		522
2018		491
2019		488
2020		471
Thereafter		2,032

	$	4,526

- Definition

The entire disclosure for the aggregate amount of goodwill and a description of intangible assets, which may include (a) for amortizable intangible assets (also referred to as finite-lived intangible assets), the carrying amount, the amount of any significant residual value, and the weighted-average amortization period, (b) for intangible assets not subject to amortization (also referred to as indefinite-lived intangible assets), the carrying amount, and (c) the amount of research and development assets acquired and written off in the period, including the line item in the income statement in which the amounts written off are aggregated, if not readily apparent from the income statement. Also discloses (a) for amortizable intangibles assets in total and by major class, the gross carrying amount and accumulated amortization, the total amortization expense for the period, and the estimated aggregate amortization expense for each of the five succeeding fiscal years, (b) for intangible assets not subject to amortization the carrying amount in total and by major class, and (c) for goodwill, in total and for each reportable segment, the changes in the carrying amount of goodwill during the period (including the aggregate amount of goodwill acquired, the aggregate amount of impairment losses recognized, and the amount of goodwill included in the gain (loss) on disposal of a reporting unit). If any part of goodwill has not been allocated to a reportable segment, discloses the unallocated amount and the reasons for not allocating. For each impairment loss recognized related to an intangible asset (excluding goodwill), discloses: (a) a description of the impaired intangible asset and the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method for determining fair value, (c) the caption in the income statement or the statement of activities in which the impairment loss is aggregated, and (d) the segment in which the impaired intangible asset is reported. For each goodwill impairment loss recognized, discloses: (a) a description of the facts and circumstances leading to the impairment, (b) the amount of the impairment loss and the method of determining the fair value of the associated reporting unit, and (c) if a recognized impairment loss is an estimate not finalized and the reasons why the estimate is not final. May also disclose the nature and amount of any significant adjustments made to a previous estimate of an impairment loss.

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