SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2013

Property, plant and equipment are recorded at historical cost. After being placed into service, assets are depreciated using the straight-line method over their estimated useful lives as follows:

Terminal Facility and improvements	5–30 years
Automotive equipment	5–20 years
Machinery and equipment	5–10 years
Office equipment	3–10 years

Segment Information

The following are amounts related to the transportation and terminaling business included in the accompanying consolidated financial statements for the years ended December 31:

	2012		2013

Revenue from external customers	$	5,470,000	$	4,750,000
Interest expense	$	571,000	$	771,000
Depreciation and amortization	$	565,000	$	537,000
Income tax benefit	$	378,000	$	218,000
Net loss	$	(727,000)	$	(1,261,000)
Total assets	$	8,927,000	$	7,922,000

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References+ Details

CENTRAL ENERGY PARTNERS LP 10-K