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CONSOLIDATED STATEMENTS OF CASH FLOWS
In Thousands, unless otherwise specified
 12 Months Ended
Dec. 31, 2012
Consolidated
USD ($)
Dec. 31, 2011
Consolidated
USD ($)
Dec. 31, 2010
Consolidated
USD ($)
Dec. 31, 2012
ZHEJIANG
CNY
Dec. 31, 2011
ZHEJIANG
CNY
Dec. 31, 2010
ZHEJIANG
CNY
Cash flows from operating activities:            
Net income/(loss) $ (429) $ 521 $ (1,087) (1,501) 39,390 25,713
Adjustments to reconcile net income to net cash (used in)/provided by operating activities:            
Depreciation of property, plant and equipment 130 182 170 3,017 2,694 2,398
Amortisation of intangible asset       164 134 0
Amortisation of land use right       177 148 546
Loss/(gain) on disposal of property, plant and equipment 22 (328) (1) 4,186 107 0
Non-controlling interest in profits/(loss) of subsidiaries 309 (531) 330      
Equity in profit of affiliates (9) (1,131) (723)      
Loss on disposal of intangible asset       92 0 0
Deferred tax assets 25 (18) (79) 784 (993) (1,481)
Decrease/(increase) in current assets:            
Accounts receivable, net 655 (70) 2,389 (38,607) (92,916) (31,469)
Amounts due from owners       2 212 94
Prepayments and other current assets 925 (150) (923) (27,508) (37,458) (13,581)
Inventories (70) 737 (54) (542) (6,502) (390)
Income tax recoverable       0 0 969
Increase/(decrease) in current liabilities:            
Accounts payable 838 (271) (738) 43,737 89,956 15,340
Amount due to owner       0 (1,600) (720)
Other payables and accrued expenses 327 (671) 418 (2,501) (435) 9,909
Other taxes payable       (11,579) 8,225 1,638
Income tax payable       (1,203) 6,405 482
Taxation payable 71 (185) 14      
Net cash provided/(used in) by operating activities 2,794 (1,915) (284) (31,282) 7,367 9,448
Cash flows from investing activities:            
Purchase of intangible asset       (126) (2,985) 0
Purchase of property, plant and equipment (41) (63) (112) (3,358) (2,690) (15,948)
Proceeds on disposal of property, plant and equipment 2 491 9      
Purchase of non-controlling interest of subsidiaries 0 (238) (73)      
Dividend received from affiliates 0 779 76      
Investments in affiliates 0 (435) (262)      
Restricted cash for issuance of bank guarantees (593) 563 (348)      
Net cash (used in)/provided by investing activities (632) 1,097 (710) (3,484) (5,675) (15,948)
Cash flows from financing activities:            
Repayment of bank borrowings       (41,000) (20,500) (6,300)
Advance of bank borrowings       60,000 51,000 10,500
Capital injection       0 6,000 8,696
Dividend paid to owners       0 (12,785) (6,400)
Issuance of ordinary shares on exercise of options 0 0 33      
Purchase of treasury stock (33) (94) (105)      
Net cash used in financing activities (33) (94) (72) 19,000 23,715 6,496
Effect of exchange rate changes on cash and cash equivalents 0 121 171      
Net decrease in cash and cash equivalents 2,129 (791) (895) (15,766) 25,407 (4)
Cash and cash equivalents, beginning of year 5,339 6,130 7,025 38,434 13,027 13,031
Cash and cash equivalents, end of year 7,468 5,339 6,130 22,668 38,434 13,027
Supplementary information            
Interest received 46 60 42 149 124 60
Interest paid       3,920 1,802 691
Income taxes paid 8 176 219 6,348 3,229 2,858
Income tax refund       0 0 60