Equity Investment In Unconsolidated Subsidiary

6 Months Ended

Jun. 30, 2012

Equity Investment In Unconsolidated Subsidiary [Abstract]

Equity Investment In Unconsolidated Subsidiary

2.EQUITY INVESTMENT IN UNCONSOLIDATED SUBSIDIARY

Following is the summarized financial information of CPL as of June 30, 2012 and December 31, 2011 and for the three and six months ended June 30, 2012 and 2011:

Amounts in thousands (in USD):	June 30, 2012	December 31, 2011
Balance Sheet:
Current assets	$4,631	$4,061
Noncurrent assets	$13,114	$9,523
Current liabilities	$8,140	$4,393
Noncurrent liabilities	$2,057	$3,230

	For the three months		For the six months
	ended June 30,		ended June 30,
	2012	2011	2012	2011
Operating Results
Net operating revenue	$10,911	$13,663	$21,357	$25,199
Net earnings	$849	$1,147	$1,313	$1,422

The Company’s maximum exposure to losses at June 30, 2012 was $3.2 million, the value of its equity investment in CPL.

Changes in the carrying amount of the investment in CPL during the six months ended June 30, 2012 are as follows:

Amounts in thousands (in USD)	Total
Balance – January 1, 2012	$2,756
Equity earnings	438
Effect of foreign currency translation	15
Balance – June 30, 2012	$3,209