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Other Long-term Payables

6 Months Ended

Mar. 31, 2014

12. Other Long-term Payables

Other long-term payables as of September 30, 2013 and March 31, 2014 consist of the following:

		September 30, 2013			March 31, 2014
Advances from the Management Committee of Dalian Economic Zone (the Management Committee)	$	24,505,399		$	24,130,110
Government subsidies received for:-
- Automated high-power lithium battery project from the National Development and Reform Commission and Ministry of Industry and Information Technology		8,145,594			8,020,848
- New energy innovation project from the Ministry of Finance		340,217			335,006
- Various lithium battery related projects from various government authorities		14,448,005			15,347,744
Others		32,252			7,926
	$	47,471,467		$	47,841,634
Less: Current portion (Note 10)		(24,525,004	)		(24,149,414	)
	$	22,946,463		$	23,692,220

Note:

The Management Committee provided a subsidy of RMB150 million to finance the removal of the Company's production facilities from Tianjin to Dalian. The Company expects that the removal will commence in June 2014 and be completed by September 2014.

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