XML 89 R14.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 9 - Investment in and Advance to Equity Investment Affiliates
6 Months Ended
Jun. 30, 2014
Equity Method Investments and Joint Ventures [Abstract]  
Equity Method Investments and Joint Ventures Disclosure [Text Block]
9.
Investment in and advance to equity investment affiliates

   
June 30,
2014
   
December 31,
2013
 
   
US$(’000)
   
US$(’000)
 
   
(Unaudited)
       
             
Investment in equity investment affiliates
    696       760  
Advance to equity investment affiliates
    85       85  
      781       845  

The following table summarizes the movement of the investment in and advance to equity investment affiliates for the six months ended June 30, 2014:

   
Shenzhen
Mingshan
   
Zhao Shang
Ke Hubei
   
Total
 
   
US$(’000)
   
US$(’000)
   
US$(’000)
 
                   
Balance as of December 31, 2013 (audited)
    466       379       845  
Share of losses in equity investment affiliates
    (2 )     (56 )     (58 )
Exchange translation adjustment
    (3 )     (3 )     (6 )
Balance as of June 30, 2014 (unaudited)
    461       320       781  

For the six months ended June 30, 2014 and 2013, the Company recognized its pro-rata shares of losses in Shenzhen Mingshan of approximately US$2,000 and US$35,000, respectively. For the three months ended June 30, 2014 and 2013, the Company recognized its pro-rata shares of losses in Shenzhen Mingshan of approximately US$nil and US$9,000, respectively.

For the six months ended June 30, 2014 and 2013, the Company recognized its pro-rata share of losses in Zhao Shang Ke Hubei of approximately US$56,000 and US$90,000, respectively. For the three months ended June 30, 2014 and 2013, the Company recognized its pro-rata share of losses in Zhao Shang Ke Hubei of approximately US$43,000 and US$45,000, respectively.