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## 11. Segmented information 

## CONSOLIDATED WATER CO. LTD. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS 

(Expressed in United States dollars) 

During the year ended December 31, 2000, the Company acquired a 100% stake in Belize Water Ltd. (Note 3 and 15) that has been consolidated in these financial statements. In addition, during the year ended December 31, 2000, the Company entered into an agreement with South Bimini International Ltd., a Bahamian company, to provide water to property in South Bimini Island, Bahamas (Note 15). Though operations have not begun at December 31, 2000, equipment presently located in the United States, with a carrying value of $307,395, will be transferred to the Bahamas for use on this project. 

Under FAS 131 “Disclosure about Segments of an Enterprise and Related Information” the supply of water to Belize and Bahamas are considered by management as separate business segments. Previously the Group’s operations in the Cayman Islands was the only reportable business segment and as such, segmented information for the years ended December 31, 1999 and 1998 has not been reproduced below. The basis of measurement of segment information is similar to that adopted for the financial statements. 

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## 12. Related party transactions 

In the year ended December 31, 1998, the professional services of a Director were made available to the Company through a company owned by that Director. During 1998 the Company paid $88,699 for such services. During the years ended December 31, 2000 and 1999, such compensation was paid directly to the Director. In addition, the company owned by that Director provided professional services during the year ended December 31, 2000 for which it charged $13,369 (1999: nil; 1998; nil); an amount of $4,290 is outstanding and unpaid at December 31, 2000. 

The Company sells water to a company in which a Director has a significant interest. During 2000 sales totaling $5,647 (1999: $11,621; 1998: $30,593) were made to that company. Accounts receivable for such sales at year end total $411 (1999: $286). 

During the year ended December 31, 1998 the Company purchased a Seawater Reverse Osmosis Unit (“RO Unit”) from a company in which a Director is a member of senior management. The RO Unit was acquired at a cost of $307,395 which has been included in plant and equipment in Note 5. 

