v2.4.0.6
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Mar. 31, 2011
ASSETS    
Cash and cash equivalents $ 7,170 $ 7,630
Restricted bank balances 64,947 44,289
Other financial assets 755 4,662
Trade receivables, net 40,518 65,233
Other receivables 8,699 4,618
Compensation receivable 7,978 0
Prepayments 9,264 6,564
Due from a related party 5 8
Inventories, net 22,615 25,173
Assets classified as held for sale 0 2,582
Deferred tax assets 1,302 0
Total current assets 163,253 160,759
Available-for-sale financial assets 2,961 2,761
Long-term land lease prepayments, net 5,055 4,249
Property, plant and equipment, net 49,266 16,633
Deposit for acquisition of land and property, plant and equipment 8,259 3,838
Total assets 228,794 188,240
LIABILITIES AND STOCKHOLDERS' EQUITY    
Trade payables 9,801 15,765
Notes payable 13,224 48,640
Accrued expenses and other accrued liabilities 20,311 11,065
Due to related parties 3,356 4,126
Income taxes payable 523 955
Short-term bank borrowings 139,512 65,159
Liabilities directly associated with assets classified as held for sale 0 1,109
Total current liabilities 186,727 146,819
Government subsidies 60 95
Deferred tax liabilities 460 460
Total non-current liabilities 520 555
Total liabilities 187,247 147,374
Commitments and contingencies      
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 issued and outstanding as of December 31, 2011 and 50,000,000 shares issued and outstanding as of March 31, 2011 500 50
Capital reserves 144 144
Statutory reserves 4,142 3,704
Accumulated other comprehensive income 3,788 2,491
Retained earnings 32,441 34,381
Total CIEC stockholders' equity 41,015 40,770
Non-controlling interests 532 96
Total stockholders' equity 41,547 40,866
Total liabilities and stockholders' equity $ 228,794 $ 188,240