XML 59 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONSOLIDATED BALANCE SHEETS
In Thousands, unless otherwise specified
Sep. 30, 2012
USD ($)
Sep. 30, 2012
CNY
Sep. 30, 2011
CNY
ASSETS      
Cash and cash equivalents $ 24,095 152,789 129,942
Accounts receivable, less allowance for doubtful amounts of RMB2,714 and RMB6,752 as of September 30, 2011 and 2012, respectively (note 4) 1,114 7,065 6,616
Due from related parties (note 3) 328 2,082 5,183
Advances to suppliers (note 5) 1,230 7,802 12,418
Advances to growers 13,909 88,194 78,623
Inventories (note 6) 44,558 282,544 210,826
Income tax recoverable (note 18) 341 2,159 2,155
Other current assets (note 7) 2,587 16,407 65,055
Total current assets 88,162 559,042 510,818
Land use rights, net (note 8) 5,097 32,318 33,094
Plant and equipment, net (note 9) 50,006 317,085 190,094
Equity investments (note 10) 3,538 22,433 20,503
Goodwill (note 2) 1,888 11,973 11,973
Acquired intangible assets, net (note 11) 4,035 25,585 29,232
Deferred income tax assets (note 18) 277 1,755 3,028
Other assets (note 12) 827 5,246 19,640
Total assets 153,830 975,437 818,382
LIABILITIES AND EQUITY      
Short-term borrowings (note 13) 5,520 35,000 20,000
Current portion of long-term borrowings (note 13) 630 4,000 0
Accounts payable 793 5,031 5,740
Due to growers 679 4,304 7,947
Due to related parties (note 3) 437 2,769 1,728
Advances from customers 68,608 435,044 397,933
Deferred revenues 3,666 23,243 19,812
Income tax payable (note 18; note 21) 6,160 39,060 39,060
Other payables and accrued expenses (note 14) 8,949 56,744 40,351
Total current liabilities 95,442 605,195 532,571
Long-term borrowings (note 13) 5,520 35,000 0
Other long-term liability (note 15) 3,439 21,810 0
Total liabilities 104,401 662,005 532,571
Commitments and contingencies (note 21)         
Shareholders' equity:      
Preferred stock (no par value; 1,000,000 shares authorized, none issued) 0 0 0
Common stock (no par value; 60,000,000 shares authorized, 23,382,812 and 23,382,812 shares issued and outstanding as of September 30, 2011 and 2012, respectively) 0 0 0
Additional paid-in capital 62,714 397,671 394,344
Accumulated deficit (15,923) (100,967) (99,533)
Treasury stock at cost (498,851 shares) (note 17) (4,633) (29,377) (29,377)
Accumulated other comprehensive loss (990) (6,280) (6,397)
Total Origin Agritech Limited shareholders' equity 41,168 261,047 259,037
Non-controlling interests 8,261 52,385 26,774
Total equity 49,429 313,432 285,811
Total liabilities and equity $ 153,830 975,437 818,382