Equity Investment In Unconsolidated Subsidiary

9 Months Ended

Sep. 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 September 30, 2012 and December 31, 2011 and for the three and nine months ended September 30, 2012 and 2011:

Amounts in thousands (in USD):	September 30, 2012	December 31, 2011
Balance Sheet:
Current assets	$ 4,245	$ 4,061
Noncurrent assets	$ 13,741	$ 9,523
Current liabilities	$ 8,167	$ 4,393
Noncurrent liabilities	$ 2,142	$ 3,230

	For the three months		For the nine months
	ended September 30,		ended September 30,
	2012	2011	2012	2011
Operating Results
Net operating revenue	$ 9,953	$ 13,648	$ 31,310	$ 38,847
Net earnings	($170)	$ 747	$ 1,143	$ 2,169

The Company’s maximum exposure to losses at September 30, 2012 was $3.4 million, the value of its equity investment in CPL.

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

Amounts in thousands (in USD)	Total
Balance – January 1, 2012	$ 2,756
Equity earnings	381
Effect of foreign currency translation	223
Balance – September 30, 2012	$ 3,360