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CONSOLIDATED BALANCE SHEETS
¥ in Thousands, $ in Thousands
Dec. 31, 2018
USD ($)
Dec. 31, 2018
CNY (¥)
Dec. 31, 2017
USD ($)
Dec. 31, 2017
CNY (¥)
Assets        
Cash and cash equivalents | $ $ 5,267   $ 3,380  
Restricted cash | $ 1,330   1,072  
Receivables, net | $ 5,089   3,808  
Prepayments and other current assets | $ 547   666  
Contract assets | $ 899   194  
Inventories, net | $ 401   496  
Total current assets | $ 13,533   9,616  
Property, plant and equipment, net | $ 754   734  
Interests in affiliates | $ 7,583   12,158  
Goodwill | $ 1,071   1,071  
Deferred tax assets | $ 124   158  
Total non-current assets | $ 9,532   14,121  
Total assets | $ 23,065   23,737  
Liabilities and shareholders' equity        
Accounts payable | $ 4,900   3,680  
Bank borrowings | $ 0   97  
Other payables and accrued expenses | $ 1,250   1,001  
Contract liabilities | $ 1,370   1,720  
Taxes payable | $ 0   132  
Total current liabilities | $ 7,520   6,630  
Total liabilities | $ 7,520   6,630  
Commitments and contingencies | $    
Shareholders' equity:        
Ordinary share, 20,000,000 (2017: 20,000,000) shares authorized; 2,229,609 (2017: 2,229,609) shares issued | $ 123   123  
Additional paid-in capital | $ 9,551   9,551  
Treasury stock, 167,700 shares at cost as of December 31, 2018 and 2017, respectively | $ (786)   (786)  
PRC statutory reserves | $ 316   352  
Accumulated other comprehensive income | $ 893   918  
Retained earnings | $ 4,492   5,811  
Equity attributable to shareholders | $ 14,589   15,969  
Non-controlling interest | $ 956   1,138  
Total shareholders' equity | $ 15,545   17,107  
Total liabilities and shareholders' equity | $ $ 23,065   $ 23,737  
ZHEJIANG TIANLAN        
Assets        
Cash and cash equivalents   ¥ 25,184   ¥ 25,785
Receivables, net   153,585   180,518
Prepayments and other current assets   28,978   30,381
Contract assets   100,994   119,256
Inventories, net   11,963   15,117
Total current assets   320,704   371,057
Property, plant and equipment, net   92,778   140,479
Intangible asset, net   1,079   1,223
Land use right, net   5,440   5,598
Deferred tax assets   14,238   6,269
Other non-current asset   17,512   17,512
Long term investment   1,880   1,991
Total non-current assets   132,927   173,072
Total assets   453,631   544,129
Liabilities and shareholders' equity        
Bank borrowings   45,000   33,000
Accounts payable   106,644   127,429
Other payables and accrued expenses   16,378   19,673
Other taxes payable   11,108   11,086
Borrowings - current portion   32,275   29,438
Income tax payable   0   4,782
Contract liabilities   41,046   52,777
Total current liabilities   252,451   278,185
Long term borrowings   23,178   54,630
Total liabilities   275,629   332,815
Commitments and contingencies    
Shareholders' equity:        
Share capital   82,572   82,572
Capital reserve   35,566   32,480
PRC statutory reserves   13,903   14,122
Retained earnings   42,099   79,646
Equity attributable to shareholders   174,140   208,820
Non-controlling interest   3,862   2,494
Total shareholders' equity   178,002   211,314
Total liabilities and shareholders' equity   ¥ 453,631   ¥ 544,129