Equity Investment

12 Months Ended

Dec. 31, 2011

4. EQUITY INVESTMENT

Following is the summarized financial information of CPL as of December 31, 2011 and 2010:

	December 31,
Amounts in thousands (in USD):	2011		2010
Balance Sheet:
Current assets	$	4,061	$	4,197
Noncurrent assets	$	9,523	$	10,927
Current liabilities	$	4,393	$	5,503
Noncurrent liabilities	$	3,230	$	3,842


	December 31,
		2011		2010
Operating Results
Net operating revenue	$	49,836	$	45,786
Net earnings	$	1,768	$	1,603

The Company's maximum exposure to losses at December 31, 2011 was $2.8 million, the value of its equity investment in CPL.

Changes in the carrying amount of the investment in CPL for the years ended December 31, 2011 and 2010 are as follows:

Amounts in thousands	Total
Balance – January 1, 2010	$	2,372
Equity Earnings		534
Effect of foreign currency translation		(100	)
Balance – December 31, 2010	$	2,806
Equity Earnings		589
Dividend		(163	)
Effect of foreign currency translation		(476	)
Balance – December 31, 2011	$	2,756

- Definition

The entire disclosure for equity investment, or group of investments, for which combined disclosure is appropriate, including: (a) the name of each investee and percentage of ownership of common stock, (b) accounting policies for investments in common stock, (c) difference between the amount at which the investment is carried and the amount of underlying equity in net assets and the accounting treatment of the difference, (d) the total fair value of each identified investment for which a market value is available, (e) summarized information as to assets, liabilities, and results of operations of the investees (for investments in unconsolidated subsidiaries, common stock of joint ventures, or other investments using the equity method), and (f) material effects of possible conversions, exercises, or contingent issuances of the investee. Other disclosures include (a) the names of any investee in which the investor owns 20 percent or more of the voting stock and investment is not accounted for using the equity method, and the reasons why not, and (b) the names of any investee in which the investor owns less than 20 percent of the voting stock and the investment is accounted for using the equity method, and the reasons why it is.

+ References+ Details