BUSINESS SEGMENT. The Company operates in one business segment, the development, production and marketing of polymer heat exchangers for the solar and thermal energy storage markets worldwide. PRODUCT LINE 2000 1999 1998 ----------- ----------- ----------- Net Sales Pool Products $ 7,580,600 $ 6,370,000 5,899,500 ----------- ----------- ----------- Thermal Energy Storage 3,900,900 4,251,700 5,336,300 ----------- ----------- ----------- $11,481,500 $10,621,700 $11,235,800 =========== =========== =========== Geographic information for revenues and long-lived assets for the year ended December 31, 2000, 1999 and 1998 are as follows: 2000 1999 1998 ----------- ----------- ----------- Net Sales Domestic $ 8,416,500 $ 7,841,500 $ 7,235,900 Foreign Japan 2,218,500 1,876,600 2,634,100 Other 846,500 903,600 1,365,800 ----------- ----------- ----------- $11,481,500 $10,621,700 $11,235,800 =========== =========== =========== Long-lived assets Domestic $ 5,344,000 $ 922,400 $ 583,400 ----------- ----------- ----------- $ 5,344,000 $ 922,400 $ 583,400 =========== =========== =========== For fiscal 2000, the Company had two major customers who individually accounted for 10% or more of sales totaling $2,218,500 and $1,193,500. For fiscal 1999 and 1998, the Company had one major customer who individually accounted for 10% or more of sales totaling $1,876,600 and $2,634,100. CONCENTRATION OF CREDIT RISK: Most of the Company's business activity is with customers located in California, Florida, and foreign countries. As of December 31, 2000, unsecured trade accounts receivable from customers in California, Florida, and foreign countries were $462,600, $1,204,800 and $522,300 respectively. -------------------------------------------------------------------------------- SUMMARY OF OPERATIONS -------------------------------------------------------------------------------- BPM BURR, XXLGER & MAYEX XXX Accounts and Consultants 600 Xxxxxxxxxx Xxxxxx, Xxxxx 0000 Xxx Xxxxxxxxx, XX 00000 INDEPENDENT AUDITORS' REPORT To the Board of Directors and Stockholders of FAFCO, Inc. We have audited the accompanying consolidated balance sheets of FAFCO, Inc. (a California corporation) and its subsidiary as of December 31, 2000 and 1999, and the related consolidated statements of operations, shareholders' equity, and cash flows for each of the years in the three-year period ended December 31, 2000. These financial statements are the responsibility of the Company's management. Our responsibility is to express an o...
BUSINESS SEGMENT. Xxxxxxxxx.xxx conducts its business within one business segment, which is defined as providing online vehicle purchasing and other related services. 60 XXXXXXXXX.XXX.XXX. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (CONTINUED) (AMOUNTS IN THOUSANDS, EXCEPT SHARE AND PER SHARE DATA.)
BUSINESS SEGMENT. The Parties shall comply with the terms of Schedule 5.8.
BUSINESS SEGMENT. The term “Business Segment” shall mean Company’s Water Technologies Group, or any other segment(s) of the Company’s business operations for which Executive is responsible for the applicable period.
