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Operations are based primarily in Canada and the United States. The following summarizes the final destination of revenues to customers and the capital assets held in each geographic segment
2012 2011----------------------------------------------------------------------------Revenues Canada $ 1,470,686 $ 1,337,230 United States 31,375 39,638 International 5,112 5,106---------------------------------------------------------------------------- $ 1,507,173 $ 1,381,974-------------------------------------------------------------------------------------------------------------------------------------------------------- December 31 December 31 2012 2011----------------------------------------------------------------------------Capital Assets and Goodwill Canada $ 329,346 $ 299,669 United States 1,029 1,071---------------------------------------------------------------------------- $ 330,375 $ 300,740--------------------------------------------------------------------------------------------------------------------------------------------------------
24. RELATED PARTY DISCLOSURES
Key management personnel and director compensation from continuing operations comprised:
2012 2011----------------------------------------------------------------------------Salaries $ 3,128 $ 2,759Option based awards 1,337 798Annual non-equity incentive based plan compensation 3,665 2,865Pension 451 205All other compensation 195 141---------------------------------------------------------------------------- $ 8,776 $ 6,768--------------------------------------------------------------------------------------------------------------------------------------------------------
The remuneration of directors and key management is determined by the Human Resources Committee having regard to the performance of the individual and Company and market trends.
Compensation to key management personnel increased as a result of succession planning activities undertaken in 2012.
25.DISCONTINUED OPERATIONS
On June 1, 2011, Toromont completed the spinoff of its natural gas compression business, Enerflex Ltd. ("Enerflex") implemented by way of a plan of arrangement. Toromont shareholders received one share of Enerflex for each common share of Toromont.
The book value of Toromont's outstanding common shares immediately prior to the arrangement was attributed to continuing Toromont common shares and the new Enerflex common shares in proportion to the relative fair value at the time of the arrangement (the "butterfly proportion"), which was determined to be 56.4% Toromont and 43.6% Enerflex.
