As of December 31, 2013 and 2012, a substantial portion part of the Company’s cash included bank deposits in accounts maintained within the PRC where there is currently no rule or regulation in place for obligatory insurance to cover bank deposits in the event of bank failure. However, the Company does not experienced any losses in such accounts and believes it is not exposed to any significant risks on its cash in bank accounts.

 

During the year ended December 31, 2013, two customers accounted for 0% (2012 : 13% and 2011 : 32%) of the Company's revenue.

 

During the year ended December 31, 2013, related companies Fujian Xiannong Ocean Fisheries Development Co., Ltd and Haifeng Dafu Enterprise Company Limited accounted for 0% (2012 : 13% and 2011 : 0%) and 0% (2012 : 7% and 2011 : 18%) of the Company's revenue respectively.

During the year ended December 31, 2013, two suppliers accounted for 41% (2012 : 37% and 2011 : 40%) of the Company's purchase.

 

During the year ended December 31, 2013, related companies PT. Avona Mina Lestari and PT. Dwikarya Reksa Adadi accounted for 26% (2012 : 42% and 2011 : 40%) and 1% (2012 : 0% and 2011 : 10%) of the Company's purchase respectively.