v2.4.0.6
Condensed Consolidated Balance Sheets (USD $)
In Thousands, unless otherwise specified
Jun. 30, 2012
Mar. 31, 2012
ASSETS    
Cash and cash equivalents $ 13,777 $ 13,804
Restricted bank balances 77,321 90,628
Other financial assets 6,872 662
Trading securities 79 79
Trade receivables, net 15,561 12,705
Deposit paid for land auctions 12,413 31,262
Other receivables 14,094 15,804
Prepayments 1,466 3,150
Due from a related party 1,378 5
Inventories 20,969 22,414
Income taxes receivable 17 17
Assets classified as held for sale 32,206 0
Total current assets 196,153 190,530
Available-for-sale financial assets 2,980 2,980
Long-term land lease prepayments, net 5,037 5,061
Property, plant and equipment, net 50,203 46,121
Deposit for acquisition of land and property, plant and equipment 9,554 12,144
Total assets 263,927 256,836
LIABILITIES AND STOCKHOLDERS' EQUITY    
Trade payables 18,087 18,792
Notes payable 7,924 17,918
Accrued expenses and other accrued liabilities 27,490 20,124
Due to related parties 4,722 3,749
Short-term bank borrowings 188,779 168,837
Government subsidies 34 47
Total current liabilities 247,036 229,467
Deferred tax liabilities 460 460
Total non-current liabilities 460 460
Total liabilities 247,496 229,927
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 500 500
Capital reserves 144 144
Statutory reserves 4,003 4,003
Accumulated other comprehensive income 3,965 3,956
Retained earnings 7,482 17,890
Total CIEC stockholders' equity 16,094 26,493
Non-controlling interests 337 416
Total stockholders' equity 16,431 26,909
Total liabilities and stockholders' equity $ 263,927 $ 256,836