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CONSOLIDATED BALANCE SHEETS
¥ in Thousands, $ in Thousands
Dec. 31, 2015
CNY (¥)
Dec. 31, 2015
USD ($)
Dec. 31, 2014
CNY (¥)
Dec. 31, 2014
USD ($)
Assets        
Cash and cash equivalents | $   $ 2,480   $ 4,857
Restricted cash | $   475   879
Accounts receivable, net | $   4,500   4,268
Prepayments and other current assets | $   500   589
Inventories | $   557   543
Total current assets | $   8,512   11,136
Property, plant and equipment, net | $   773   811
Interests in affiliates | $   10,712   10,154
Goodwill | $   1,071   1,071
Deferred tax assets | $   202   227
Total assets | $   21,270   23,399
Liabilities and shareholders' equity        
Accounts payable | $   3,054   3,561
Other payables and accrued expenses | $   1,626   2,101
Taxes payable | $   134   207
Total current liabilities | $   $ 4,814   $ 5,869
Commitments and contingencies | $    
Total liabilities | $   $ 4,814   $ 5,869
Shareholders' equity:        
Ordinary share, 20,000,000 (2014: 20,000,000) shares authorised; 2,229,609 (2014: 2,229,609) shares issued | $   123   123
Additional paid-in capital | $   9,551   9,535
Treasury stock, 167,700 (2014: 160,386) shares at cost | $   (786)   (766)
PRC statutory reserves | $   315   315
Accumulated other comprehensive income | $   799   776
Retained earnings | $   5,144   5,760
Equity attributable to shareholders of Euro Tech | $   15,146   15,743
Non-controlling interest | $   1,310   1,787
Total shareholders' equity   16,456   17,530
Total liabilities and shareholders' equity | $   $ 21,270   $ 23,399
ZHEJIANG JIAHUAN        
Assets        
Cash and cash equivalents ¥ 7,303   ¥ 3,129  
Restricted cash 1,490   1,469  
Accounts receivable, net 99,832   73,893  
Notes receivables 700   5,704  
Other receivables 17,472   14,400  
Inventories 21,463   32,249  
Total current assets 148,260   130,844  
Property, plant and equipment, net 23,788   25,858  
Land use right, net 6,451   6,614  
Intangible asset, net 508   0  
Long term investment 69   69  
Total assets 179,076   163,385  
Liabilities and shareholders' equity        
Short term borrowings 39,400   26,600  
Note payable 3,595   0  
Accounts payable 27,130   24,861  
Other payables and accrued expenses 10,223   13,367  
Amount due to a shareholder 0   5,470  
Income tax payable 2,892   1,771  
Total current liabilities 83,240   72,069  
Other long term liabilities ¥ 5,790   ¥ 5,923  
Commitments and contingencies    
Shareholders' equity:        
Share capital ¥ 11,250   ¥ 11,250  
Capital reserve 8,542   8,542  
PRC statutory reserves 20,931   20,931  
Accumulated other comprehensive income 49,323   44,387  
Equity attributable to shareholders of Euro Tech 90,046   85,110  
Non-controlling interest 0   283  
Total shareholders' equity 90,046   85,393  
Total liabilities and shareholders' equity 179,076   163,385  
ZHEJIANG TIANLAN        
Assets        
Cash and cash equivalents 35,635   29,197  
Accounts receivable, net 207,907   156,608  
Prepayments and other current assets 119,563   176,814  
Income tax receivables 0   1,045  
Inventories 12,111   16,054  
Total current assets 375,216   379,718  
Property, plant and equipment, net 161,731   161,924  
Land use right, net 5,896   6,045  
Intangible asset, net 1,548   1,741  
Deferred tax assets 4,527   4,350  
Total assets 548,918   553,778  
Liabilities and shareholders' equity        
Short term borrowings 45,000   97,900  
Accounts payable 176,981   177,038  
Other payables and accrued expenses 40,775   113,438  
Other taxes payable 8,423   8,902  
Income tax payable 994   60  
Total current liabilities 272,173   397,338  
Long term borrowings ¥ 107,732   ¥ 0  
Commitments and contingencies    
Total liabilities ¥ 379,905   ¥ 397,338  
Shareholders' equity:        
Share capital 80,172   61,200  
Capital reserve 24,217   43,189  
PRC statutory reserves 9,094   6,821  
Retained earnings 53,928   43,710  
Equity attributable to shareholders of Euro Tech 167,411   154,920  
Non-controlling interest 1,602   1,520  
Total shareholders' equity 169,013   156,440  
Total liabilities and shareholders' equity ¥ 548,918   ¥ 553,778