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Other Long-term Payables

12 Months Ended

Sep. 30, 2013

Other Long-term Payables [Text Block]

15.	Other Long-term Payables

	Other long-term payables as of September 30, 2012 and 2013 consist of the following:

			2012			2013
	Subsidy from the Management Committee of Dalian Economic Zone (the “Management Committee”)	$	-		$	24,505,399
	Government subsidies received for:-
	– Automated high-power lithium battery project from the National Development and Reform Commission and Ministry of Industry and Information Technology		8,795,361			8,145,594
	– New energy innovation project from the Ministry of Finance		-			340,217
	– Various lithium battery related projects from various government authorities		2,409,835			14,448,005
	Others		41,337			32,252
		$	11,246,533		$	47,471,467
	Less: Current portion (Note 11)		(882,161	)		(24,525,004	)
		$	10,364,372		$	22,946,463

	A subsidy of $24,505,399 (RMB150 million) was obtained from the Management Committee. The Management Committee provided the subsidy to finance the removal of the Company's production facilities from Tianjin to Dalian. The Company expects that the removal will commence in March 2014 and be completed by September 2014.

	The Company will recognize the government subsidies as income or offset them against related expenditures when there are no present or future obligations for the subsidized projects.