Consolidated statements of financial position

For the years ended December 31, 2015 and 2014
(Stated in US dollars)

As of December 31,
Notes 2015 2014
Non-current assets
Property, plant and equipment-net 20 30,536,721 33,315,513
Prepayments and premiums under operating leases 21 2,739,311 2,991,245
Prepayment for construction of new plant 22 7,160,523 8,988,397
Prepayment for acquisition of land use right 23 4,774,063 6,409,689
Prepaid lease payments 24 670,643 729,098
Deferred tax assets 15 1,340,268 495,444
47,221,529 52,929,386
Current assets
Inventories 25 3,527,696 793,469
Trade and other receivables 26 36,743,402 39,516,503
Subsidies prepaid to distributors 27 516,231 534,859
Prepayments and premiums under operating leases 21 81,147 471,580
Prepaid lease payments 24 16,395 17,399
Cash and cash equivalents 28 21,214,080 20,604,582
62,098,951 61,938,392
Total assets 109,320,480 114,867,778
Current liabilities
Trade and other payables 29 5,114,964 5,527,158
Related parties payables 30 983,391 651,078
Income tax payable 2,401,742 3,056,079
8,500,097 9,234,315
Non-current liability
Warrant liabilities 31 3,409 15,387
3,409 15,387
Total liabilities 8,503,506 9,249,702
Equity
Share capital 32 2,542 2,542
Share premium 32 5,624,875 5,624,875
Statutory surplus reserve 33 6,069,457 5,815,493
Retained profits 33 90,880,473 89,890,767
Foreign currency translation reserve 33 (1,760,373 ) 4,284,399
100,816,974 105,618,076
Total liabilities and equity 109,320,480 114,867,778