|
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (USD $)
In Thousands, except Share data, unless otherwise specified
|
12 Months Ended |
|
Dec. 31, 2013
|
Dec. 31, 2012
|
Dec. 31, 2011
|
| Revenues |
$ 74,517 |
$ 85,388 |
$ 54,597 |
| Cost of revenues |
(35,357) |
(35,795) |
(31,314) |
| Gross profit |
39,160 |
49,593 |
23,283 |
| Operating expenses: |
|
|
|
| General and administrative expenses (including share-based compensation expense of US$10,479, US$166 and US$211 in 2011, 2012 and 2013) |
(13,258) |
(20,348) |
(28,896) |
| Impairment loss on goodwill |
0 |
0 |
(11,388) |
| Impairment loss on long-lived assets |
(3,549) |
0 |
(11,590) |
| Total operating expenses |
(16,807) |
(20,348) |
(51,874) |
| Operating (loss) income |
22,353 |
29,245 |
(28,591) |
| Interest income |
98 |
84 |
101 |
| Interest expense |
(22,568) |
(28,070) |
(24,757) |
| Changes in fair value of warrant liabilities |
839 |
(399) |
951 |
| Exchange (loss) gain |
(41) |
28 |
(851) |
| Other (loss) income, net |
275 |
507 |
(334) |
| (Loss) income before income tax expense |
956 |
1,395 |
(53,481) |
| Income tax expense |
(3,474) |
(6,451) |
(1,527) |
| Net loss from continuing operations |
(2,518) |
(5,056) |
(55,008) |
| Discontinued operations |
|
|
|
| (Loss) income from discontinued operations (net of income tax expense of US$101, US$399 and nil in 2011, 2012 and 2013) |
|
1,140 |
(282) |
| Gain on disposal of discontinued operations (net of income tax expense of nil, US$959 and nil in 2011, 2012 and 2013) |
|
2,767 |
|
| Net (loss) income from discontinued operations |
|
3,907 |
(282) |
| Net loss |
(2,518) |
(1,149) |
(55,290) |
| Less: |
|
|
|
| Net loss (income) attributable to noncontrolling interests |
297 |
(94) |
9,901 |
| Net loss attributable to China Hydroelectric Corporation shareholders |
(2,221) |
(1,243) |
(45,389) |
| - Continuing operations |
(2,221) |
(5,150) |
(45,107) |
| - Discontinued operations |
|
3,907 |
(282) |
| Other comprehensive income (loss), net of income tax |
|
|
|
| Foreign currency translation adjustments (net of income tax expense of nil in 2011, 2012 and 2013) |
12,395 |
(1,413) |
20,394 |
| Defined benefit pension plans (net of income tax expense of nil in 2011, 2012 and 2013) |
|
33 |
(33) |
| Other comprehensive income (loss) |
12,395 |
(1,380) |
20,361 |
| Comprehensive (loss) income |
9,877 |
(2,529) |
(34,929) |
| Less: Comprehensive loss (income) attributable to noncontrolling interests |
364 |
(85) |
9,586 |
| Comprehensive (loss) income attributable to China Hydroelectric Corporation shareholders |
$ 10,241 |
$ (2,614) |
$ (25,343) |
| Net loss income attributable to ordinary shareholders per share (in dollars per share) |
$ (0.01) |
$ (0.01) |
$ (0.29) |
| -From continuing operations - basic and diluted (in dollars per share) |
$ (0.01) |
$ (0.03) |
$ (0.29) |
| -From discontinued operations - basic and diluted (in dollars per share) |
|
$ 0.02 |
$ 0.00 |
| Weighted average number of ordinary shares used in computing: |
|
|
|
| Net loss attributable to ordinary shareholders per share - basic and diluted (in shares) |
162,071,626 |
161,989,097 |
156,505,076 |
|
Ordinary shares
|
|
|
|
| Other comprehensive income (loss), net of income tax |
|
|
|
| Net loss income attributable to ordinary shareholders per share (in dollars per share) |
$ (0.01) |
$ (0.01) |
$ (0.29) |
| -From continuing operations - basic and diluted (in dollars per share) |
$ (0.01) |
$ (0.03) |
$ (0.29) |
| -From discontinued operations - basic and diluted (in dollars per share) |
|
$ 0.02 |
$ 0.00 |
| Weighted average number of ordinary shares used in computing: |
|
|
|
| Net loss attributable to ordinary shareholders per share - basic and diluted (in shares) |
162,071,626 |
161,989,097 |
156,505,076 |
|
ADS
|
|
|
|
| Other comprehensive income (loss), net of income tax |
|
|
|
| Net loss income attributable to ordinary shareholders per share (in dollars per share) |
$ (0.03) |
$ (0.02) |
$ (0.87) |
| -From continuing operations - basic and diluted (in dollars per share) |
$ (0.03) |
$ (0.09) |
$ (0.86) |
| -From discontinued operations - basic and diluted (in dollars per share) |
|
$ 0.07 |
$ (0.01) |
| Weighted average number of ordinary shares used in computing: |
|
|
|
| Net loss attributable to ordinary shareholders per share - basic and diluted (in shares) |
54,023,875 |
53,996,366 |
52,168,358 |