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EXCEL - IDEA: XBRL DOCUMENT - Fushi Copperweld, Inc.Financial_Report.xls
10-Q - FORM 10-Q - Fushi Copperweld, Inc.v325512_10q.htm
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v2.4.0.6
Principles of Consolidation (Tables)
9 Months Ended
Sep. 30, 2012
Principles of Consolidation [Abstract]  
Assets, Liabilities, Revenues and Net Loss of Dalian Fushi

The assets and liabilities of Dalian Fushi as of September 30, 2012 and December 31, 2011, and revenues and net loss of Dalian Fushi for the three and nine-month periods ended September 30, 2012 and 2011 are as follows:

 

    September 30, 2012     December 31, 2011  
    USD     USD  
             
Property, plant and equipment, net     43,223,948       45,529,419  
Land use rights     5,194,637       5,282,596  
Other assets     287,415       404,539  
Total assets     48,706,000       51,216,554  
                 
Amounts due to Fushi International (i)     24,678,547       24,482,686  
Other liabilities     737,691       512,857  
Total liabilities     25,416,238       24,995,543  

 

  (i) This amount is eliminated on consolidation.

 

    Three-Month Period Ended September 30,  
    2012     2011  
    USD     USD  
             
Revenues     -       -  
Net loss     949,485       893,696  

 

    Nine-Month Period Ended September 30,  
    2012     2011  
    USD     USD  
             
Revenues     -       -  
Net loss     2,947,747       2,569,305