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CONSOLIDATED BALANCE SHEETS
¥ in Thousands, $ in Thousands
Dec. 31, 2020
USD ($)
Dec. 31, 2020
CNY (¥)
Dec. 31, 2019
USD ($)
Dec. 31, 2019
CNY (¥)
Current assets:        
Cash and cash equivalents $ 3,519   $ 5,991  
Restricted cash 1,672   658  
Accounts receivable, net 3,199   3,586  
Prepayments and other current assets 1,514   748  
Contract assets, net 202   441  
Inventories 342   586  
Total current assets 10,448   12,010  
Property, plant and equipment, net 259   700  
Investments in affiliates 8,084   7,720  
Goodwill 1,071   1,071  
Deferred tax assets 0   87  
Operating right-of-use assets 233   406  
Long term investments 0   148  
Restricted cash 0   71  
Total non-current assets 9,647   10,203  
Total assets 20,095   22,213  
Current liabilities:        
Bank borrowings 361   565  
Accounts payable 2,394   3,914  
Contract liabilities 1,063   869  
Other payables and accrued expenses 1,593   1,142  
Current portion of long-term operating lease obligations 118   170  
Income tax payable 4   0  
Total current liabilities 5,533   6,660  
Non-current liabilities:        
Deferred tax liabilities 5   0  
Long-term operating lease obligations, net of current maturities 94   216  
Total non-current liabilities 99   216  
Total liabilities 5,632   6,876  
Commitments and contingencies    
Shareholders' equity:        
Ordinary share, 20,000,000 shares authorized as of December 31, 2020 and 2019, respectively; 3,260,559 no par value shares issued as of December 31, 2020 and 2019, respectively 123   123  
Additional paid-in capital 9,615   9,561  
Treasury stock, 167,700 shares at cost as of December 31, 2019 and 2018, respectively (786)   (786)  
PRC statutory reserves 316   316  
Accumulated other comprehensive income 851   899  
Retained earnings 3,816   4,346  
Total shareholders' equity attributable to entity 13,935   14,459  
Non-controlling interest 528   878  
Total shareholders' equity 14,463   15,337  
Total liabilities and shareholders' equity $ 20,095   $ 22,213  
ZHEJIANG TIANLAN        
Current assets:        
Cash and cash equivalents | ¥   ¥ 50,969   ¥ 11,614
Accounts receivable, net | ¥   118,621   138,778
Prepayments and other current assets | ¥   28,387   52,859
Contract assets, net | ¥   94,494   80,961
Inventories | ¥   2,389   5,755
Short-term investments | ¥   0   800
Total current assets | ¥   294,860   290,767
Property, plant and equipment, net | ¥   79,257   87,781
Intangible asset, net | ¥   2,120   927
Land use right, net | ¥   5,147   5,291
Deferred tax assets | ¥   13,639   13,970
Long term investments | ¥   0   1,492
Total non-current assets | ¥   100,163   109,461
Total assets | ¥   395,023   400,228
Current liabilities:        
Bank borrowings | ¥   20,029   26,841
Accounts payable | ¥   97,795   89,372
Contract liabilities | ¥   47,135   55,898
Other payables and accrued expenses | ¥   17,747   7,583
Other taxes payable | ¥   15,169   9,531
Current portion of long-term finance lease obligations | ¥   0   25,785
Total current liabilities | ¥   197,875   215,010
Non-current liabilities:        
Deferred government grant | ¥   4,894   2,349
Total non-current liabilities | ¥   4,894   2,349
Total liabilities | ¥   202,769   217,359
Commitments and contingencies | ¥    
Shareholders' equity:        
Share capital 82,572,000 no par value shares authorised, issued and outstanding as of December 31, 2020 and 2019, respectively | ¥   82,572   82,572
Capital reserve | ¥   35,761   35,510
PRC statutory reserves | ¥   15,670   14,421
Retained earnings | ¥   55,248   46,423
Total shareholders' equity attributable to entity | ¥   189,251   178,926
Non-controlling interest | ¥   3,003   3,943
Total shareholders' equity | ¥   192,254   182,869
Total liabilities and shareholders' equity | ¥   ¥ 395,023   ¥ 400,228