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CONSOLIDATED BALANCE SHEETS
In Thousands, unless otherwise specified
Dec. 31, 2012
Consolidated
USD ($)
Dec. 31, 2011
Consolidated
USD ($)
Dec. 31, 2012
ZHEJIANG
CNY
Dec. 31, 2011
ZHEJIANG
CNY
Assets        
Cash and cash equivalents $ 7,468 $ 5,339 22,668 38,434
Restricted cash 839 246    
Accounts receivable, net 3,089 3,744 226,370 187,763
Amount due from owners     0 2
Prepayments and other current assets 848 1,773 104,368 76,860
Inventories 653 583 9,154 8,612
Total current assets 12,897 11,685 362,560 311,671
Property, plant and equipment, net 945 1,058 49,093 52,938
Intangible asset, net     2,693 2,851
Land use right, net     6,335 6,484
Interests in affiliates 9,772 9,763    
Goodwill 1,071 1,071    
Deferred tax assets 262 287 2,513 3,297
Total assets 24,947 23,864 423,194 377,241
Liabilities and shareholders' equity        
Short term borrowings     60,000 41,000
Accounts payable 3,713 2,875 177,212 133,475
Other payables and accrued expenses 2,985 2,658 26,036 28,537
Other taxes payable     1,828 13,407
Income tax payable     5,684 6,887
Taxation payable 493 422    
Total current liabilities 7,191 5,955 270,760 223,306
Commitments and contingencies            
Shareholders' equity:        
Ordinary share, 20,000,000 (2011: 20,000,000) shares authorised; 2,229,609 (2011: 2,229,628) shares issued 123 123    
Share capital 61,200,000 shares issued     61,200 61,200
Additional paid-in capital 9,533 9,533 0 0
Treasury stock, 160,386 (2011: 151,747) shares at cost (766) (733)    
Capital reserve     43,189 43,189
PRC statutory reserves 311 274 4,274 4,272
Accumulated other comprehensive income 731 731    
Retained earnings 5,905 6,371 39,931 41,183
Equity attributable to shareholders of Euro Tech and Zhejiang Tianlan Environmental Protection Technology Company Limited respectively 15,837 16,299 148,594 149,844
Non-controlling interest 1,919 1,610 3,840 4,091
Total shareholders' equity 17,756 17,909 152,434 153,935
Total liabilities and shareholders' equity $ 24,947 $ 23,864 423,194 377,241