Note 29 - Segment reporting

12 Months Ended

Dec. 31, 2012

Segment Reporting Disclosure [Text Block]

29.   Segment reporting

The Company follows ASC Topic 280 “Segment Reporting”, which requires that companies disclose segment data based on how management makes decisions about allocating resources to segments and evaluating their performance. Reportable operating segments include components of an entity about which separate financial information is available and which operating results are regularly reviewed by the chief operating decision maker (“CODM”) to make decisions about resources to be allocated to the segment and assess each operating segment’s performance.

Year Ended December 31, 2012

	Internet Ad.			TV Ad.			Bank kiosk		Brand management and sales channel building			Others			Inter- segment and reconciling item			Total
	US$ (‘000)			US$ (‘000)			US$ (‘000)		US$ (‘000)			US$ (‘000)			US$ (‘000)			US$ (‘000)
Revenue		21,366			20,682			282		4,498			40			(268	)		46,600
Cost of sales		9,790			20,450			18		1,528			-			(228	)		31,558
Total operating expenses		7,005			338			210		1,205			1,774	*		-			10,532
Depreciation and amortization expense included in total operating expenses		1,053			60			210		215			99			-			1,637
Operating income (loss)		4,571			(106	)		54		1,765			(1,734	)		(40	)		4,510
Changes in fair value of contingent consideration receivables		(160	)		-			-		-			-			-			(160	)
Share of  losses  in equity investment affiliates		-			-			-		(340	)		(109	)		-			(449	)
Expenditure for long-term assets		306			8			-		-			-			-			314
Net income (loss)		4,181			(64	)		54		982			(1,705	)		(40	)		3,408
Total assets – December 31, 2012		38,215			16,628			596		8,965			15,338			(22,824	)		56,918

*Including approximate US$48,000 share-based compensation expenses.

Year Ended December 31, 2011

	Internet Ad.		TV Ad.		Bank kiosk		Brand management and sales channel building			Others			Inter- segment and reconciling item			Total
	US$ (‘000)		US$ (‘000)		US$ (‘000)		US$ (‘000)			US$ (‘000)			US$ (‘000)			US$ (‘000)
Revenue		19,981		6,448		487		1,829			-			(14	)		28,731
Cost of sales		6,287		5,247		42		465						(14	)		12,027
Total operating expenses		6,834		1,002		226		889			4,591	*		-			13,542
Depreciation and amortization expense included in total operating expenses		263		76		191		387			95			-			1,012
Operating income (loss)		6,860		199		219		475			(4,591	)		-			3,162
Changes in fair value of contingent consideration receivables		-		-		-		(70	)		-			-			(70	)
Gain on deconsolidation of subsidiaries		-		-		-		693			232			-			925
Share of earnings (losses) in equity investment affiliates		-		26		-		-			(245	)		-			(219	)
Expenditure for long-term assets		1,564		4		186		417			15			-			2,186
Net income (loss)		6,247		179		219		769			(4,633	)		-			2,781
Total assets – December 31, 2011		61,741		15,954		800		6,369			16,305			(43,887	)		57,282

*Including approximate US$2,900,000 share-based compensation expenses.