v2.4.0.6
Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2012
Mar. 31, 2011
ASSETS    
Cash and cash equivalents $ 13,804 $ 7,630
Restricted bank balances 90,628 44,289
Other financial assets 662 4,662
Trading securities 79 0
Trade receivables, net 12,705 65,233
Deposit paid for land auctions 31,262 0
Other receivables 15,804 4,618
Prepayments 3,150 6,564
Due from a related party 5 8
Inventories 22,414 25,173
Income taxes receivable 17 0
Assets classified as held for sale 0 2,582
Total current assets 190,530 160,759
Available-for-sale financial assets 2,980 2,761
Long-term land lease prepayments, net 5,061 4,249
Property, plant and equipment, net 46,121 16,633
Deposit for acquisition of land and property, plant and equipment 12,144 3,838
Total assets 256,836 188,240
LIABILITIES AND STOCKHOLDERS' EQUITY    
Trade payables 18,792 15,765
Notes payable 17,918 48,640
Accrued expenses and other accrued liabilities 20,124 11,065
Due to related parties 3,749 4,126
Income taxes payable 0 955
Short-term bank borrowings 168,837 65,159
Government subsidies 47 0
Liabilities directly associated with assets classified as held for sale 0 1,109
Total current liabilities 229,467 146,819
Government subsidies 0 95
Deferred tax liabilities 460 460
Total non-current liabilities 460 555
Total liabilities 229,927 147,374
Commitments and contingencies 0 0
Stockholders' equity:    
Preferred stock, US$0.001 par value each: 10,000,000 shares authorized and no shares issued and outstanding 0 0
Common stock, US$0.001 par value each: 1,000,000,000 shares authorized, 500,000,000 shares shares issued and outstanding as of March 31, 2012 and 50,000,000 shares issued and outstanding as of March 31, 2012 500 50
Capital reserves 144 144
Statutory reserves 4,003 3,704
Accumulated other comprehensive income 3,956 2,491
Retained earnings 17,890 34,381
Total CIEC stockholders' equity 26,493 40,770
Non-controlling interests 416 96
Total stockholders' equity 26,909 40,866
Total liabilities and stockholders' equity $ 256,836 $ 188,240