XML 67 R18.htm IDEA: XBRL DOCUMENT v2.4.1.9
BUSINESS SEGMENTS
 9 Months Ended
Mar. 31, 2015
Notes to Financial Statements  
BUSINESS SEGMENTS (IN THOUSANDS, EXCEPT EARNINGS PER SHARE AND NUMBER OF SHARES)

In fiscal 2013, the Company operated in five segments: the testing service industry (which performs structural and electronic tests of semiconductor devices), the designing and manufacturing of equipment (which equipment tests the structural integrity of integrated circuits and other products), distribution of various products from other manufacturers in Singapore and Southeast Asia, the real estate segment in China and the fabrication services segment in Batam, Indonesia. In the fourth quarter of fiscal 2013, the Company discontinued operations in the fabrication segment. Hence, in fiscal 2014 and first three quarters of fiscal 2015, the Company operated in four segments.

 

The real estate segment recorded other income of nil and $68, respectively, for the three and nine months ended March 31, 2015 as compared to $51 and $153, respectively, for the same periods in the last fiscal year. Due to the short-term nature of the investments, the investments were classified as loan receivables based on ASC Topic 310-10-25 Receivables. Thus the investment income was classified under other income, which is not part of the below table.

 

The revenue allocated to individual countries was based on where the customers were located. The allocation of the cost of equipment, the current year investment in new equipment and depreciation expense have been made on the basis of the primary purpose for which the equipment was acquired.

 

All inter-segment revenue was from the manufacturing segment to the testing and distribution segments. Total inter-segment revenue was $1,109 and $1,251 for the three and nine months ended March 31, 2015, respectively, as compared to $319 and $515, respectively, for the same periods in the last fiscal year.  Corporate assets mainly consisted of cash and prepaid expenses. Corporate expenses mainly consisted of stock option expenses, salaries, insurance, professional expenses and directors' fees. Corporate expenses are allocated to the four segments on a pre-determined fixed amount calculated based on the annual budgeted sales, except Malaysia operations, which is calculated based on actual sales. The following segment information table includes segment operating (loss) / income after including the Corporate expenses allocated to the segments, which gets eliminated in the consolidation.


The following segment information is un-audited for the nine months ended March 31:

 

Business Segment Information:                          
  Nine Months         Operating           Depr.        
  Ended   Net     (Loss)     Total     and     Capital  
  Mar. 31,   Revenue     Income     Assets     Amort.     Expenditures  
Manufacturing 2015   $ 9,754     $ (768 )   $ 5,102     $ 110     $ 28  
  2014   $ 11,589     $ (671 )   $ 8,554     $ 118     $ 242  
                                           
Testing Services 2015     13,829       1,864       22,067       1,551       1,426  
  2014     13,244       797       21,220       1,598       2,054  
                                           
Distribution 2015     1,820       (28 )     774       -       6  
  2014     1,906       194       529       -       -  
                                           
Real Estate 2015     130       (109 )     3,666       81       -  
  2014     136       (68 )     3,724       82       1  
                                           
Fabrication * 2015     -       -       31       -       -  
Services 2014     -       -       101       -       -  
                                           
Corporate & 2015     -       (173 )     70       -       -  
Unallocated 2014     -       (350 )     68       -       -  
                                           
Total Company 2015   $ 25,533     $ 786     $ 31,710     $ 1,742     $ 1,460  
  2014   $ 26,875     $ (98 )   $ 34,196     $ 1,798     $ 2,297  

 

The following segment information is un-audited for the three months ended March 31:

 

Business Segment Information:

 

                          
  Three Months         Operating           Depr.        
  Ended   Net     (Loss)     Total     and     Capital  
  Mar. 31,   Revenue     Income     Assets     Amort.     Expenditures  
Manufacturing 2015   $ 3,359     $ (33 )   $ 5,102     $ 40     $ 5  
  2014   $ 3,020     $ (343 )   $ 8,554     $ 41     $ 21  
                                           
Testing Services 2015     4,138       590       22,067       486       556  
  2014     4,599       406       21,220       531       554  
                                           
Distribution 2015     1,003       (28 )     774       -       -  
  2014     374       (5 )     529       -       -  
                                           
Real Estate 2015     43       (18 )     3,666       27       -  
  2014     46       (23 )     3,724       28       1  
                                           
Fabrication * 2015     -       -       31       -       -  
Services 2014     -       -       101       -       -  
                                           
Corporate & 2015     -       (39 )     70       -       -  
Unallocated 2014     -       (14 )     68       -       -  
                                           
Total Company 2015   $ 8,543     $ 472     $ 31,710     $ 553     $ 561  
  2014   $ 8,039     $ 21     $ 34,196     $ 600     $ 576  

 

 * Fabrication services is a discontinued operation (Note 16).