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## 3. Business combination (continued) 

## NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 

## CONSOLIDATED WATER CO. LTD. 

(Expressed in United States dollars) 

The above proforma results of operations are for comparative purposes only and reflect increased amortisation expenses resulting from the acquisition but do not include any potential cost savings from combining the acquired business. Consequently, the proforma results do not reflect the actual results of operations had the acquisition occurred on January 1, 1999 and are not intended to be projections of future results or trends. 

## 4. Accounts receivable 

Accounts receivable comprise receivables from customers and are shown net of an allowance for doubtful accounts of $12,000 (1999: $12,000). Significant concentrations of credit risk are disclosed in Note 20. 

## 5. Property, plant and equipment 

Certain fixed assets are pledged as collateral for certain obligations of the Company, as more fully described in Note 7. 

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