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CONSOLIDATED BALANCE SHEETS
¥ in Thousands, $ in Thousands
Dec. 31, 2014
CNY (¥)
Dec. 31, 2014
USD ($)
Dec. 31, 2013
CNY (¥)
Dec. 31, 2013
USD ($)
Assets        
Cash and cash equivalents | $   $ 4,857   $ 5,406
Restricted cash | $   879   565
Accounts receivable, net | $   4,268   4,082
Prepayments and other current assets | $   589   1,284
Inventories | $   543   494
Total current assets | $   11,136   11,831
Property, plant and equipment, net | $   811   889
Interests in affiliates | $   10,154   9,851
Goodwill | $   1,071   1,071
Deferred tax assets | $   227   236
Total assets | $   23,399   23,878
Liabilities and shareholders' equity        
Accounts payable | $   3,561   3,115
Other payables and accrued expenses | $   2,101   2,686
Taxes payable | $   207   200
Total current liabilities | $   $ 5,869   6,001
Commitments and contingencies | $      
Shareholders' equity:        
Ordinary share, 20,000,000 (2013: 20,000,000) shares authorised; 2,229,609 (2013: 2,229,609) shares issued | $   $ 123   123
Additional paid-in capital | $   9,535   9,533
Treasury stock, 160,386 (2012: 160,386) shares at cost | $   (766)   (766)
PRC statutory reserves | $   315   315
Accumulated other comprehensive income | $   776   784
Retained earnings | $   5,760   5,883
Equity attributable to shareholders of Euro Tech | $   15,743   15,872
Non-controlling interest | $   1,787   2,005
Total shareholders' equity | $   17,530   17,877
Total liabilities and shareholders' equity | $   $ 23,399   $ 23,878
ZHEJIANG TIANLAN        
Assets        
Cash and cash equivalents ¥ 29,197   ¥ 21,462  
Accounts receivable, net 156,608   147,127  
Prepayments and other current assets 177,859   157,160  
Inventories 16,054   14,976  
Total current assets 379,718   340,725  
Property, plant and equipment, net 161,924   48,091  
Intangible asset, net 1,741   2,250  
Land use right, net 6,045   6,194  
Deferred tax assets 4,350   2,959  
Total assets 553,778   400,219  
Liabilities and shareholders' equity        
Short term borrowings 97,900   64,690  
Accounts payable 177,038   99,177  
Other payables and accrued expenses 113,438   76,363  
Other taxes payable 8,902   7,868  
Income tax payable 60   509  
Total current liabilities ¥ 397,338   248,607  
Commitments and contingencies      
Shareholders' equity:        
Share capital [1] ¥ 61,200   61,200  
Capital reserve 43,189   43,189  
PRC statutory reserves 6,821   5,517  
Retained earnings 43,710   40,194  
Equity attributable to shareholders of Euro Tech [2] 154,920   150,100  
Non-controlling interest 1,520   1,512  
Total shareholders' equity 156,440   151,612  
Total liabilities and shareholders' equity 553,778   400,219  
ZHEJIANG JIAHUAN        
Assets        
Cash and cash equivalents 3,129   4,867  
Restricted cash 1,469   1,469  
Accounts receivable, net 73,893   67,445  
Notes receivables 5,704   5,382  
Other receivables 14,400   8,326  
Inventories 32,249   38,158  
Total current assets 130,844   125,647  
Property, plant and equipment, net 25,858   27,602  
Land use right, net 6,614   6,777  
Long term investment 69   69  
Total assets 163,385   160,095  
Liabilities and shareholders' equity        
Short term borrowings 26,600   26,800  
Accounts payable 24,861   23,094  
Other payables and accrued expenses 13,367   11,236  
Amount due to a shareholder 5,470   8,670  
Income tax payable 1,771   1,366  
Total current liabilities 72,069   71,166  
Other long term liabilities 5,923   5,996  
Shareholders' equity:        
Share capital [3] 11,250   11,250  
Capital reserve 8,542   8,542  
PRC statutory reserves 20,931   20,931  
Accumulated other comprehensive income 44,387   41,927  
Equity attributable to shareholders of Euro Tech [4] 85,110   82,650  
Non-controlling interest 283   283  
Total shareholders' equity 85,393   82,933  
Total liabilities and shareholders' equity ¥ 163,385   ¥ 160,095  
[1] 61,200,000 shares issued
[2] Equity attributable to shareholders of Zhejiang Tianlan Environmental Protection Technology Company Limited
[3] 11,250,000 shares issued
[4] Equity attributable to shareholders of Zhejiang Jiahuan Electronic Company Limited