American Oriental Bioengineering Reports Second Quarter 2009 Financi...(21146928 23690440 Goodwill ...)

Date:8/7/2009

21,146,928 23,690,440 Goodwill 28,543,226 28,543,226 Long-term investment and advance 55,452,267 54,963,064 Unamortized financing cost 3,751,838 4,215,983 Total Long-Term Assets 387,263,948 391,602,867 TOTAL ASSETS $540,796,581 $524,054,837 LIABILITIES AND EQUITY JUNE 30, DECEMBER 31, 2009 2008 (UNAUDITED) CURRENT LIABILITIES Accounts payable $12,548,451 $12,287,887 Notes payables 3,011,486 3,262,877 Other payables and accrued expenses 14,251,673 19,766,652 Taxes payable 625,261 420,671 Short-term bank loans 6,720,430 7,140,148 Current portion of long-term bank loans 59,396 58,659 Other liabilities 2,511,295 2,253,440 Deferred tax liability 1,121,738 846,026 Total Current Liabilities 40,849,730 46,036,360 LONG-TERM LIABILITIES Long-term bank loans, net of current portion 774,641 804,521 Long-term notes payable -- 269,908 Deferred tax liabilities 15,963,766 16,083,768 Convertible notes 115,000,000 115,000,000 Total Long-Term Liabilities 131,738,407 132,158,197 TOTAL LIABILITIES 172,588,137 178,194,557 COMMITMENTS EQUITY
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SOURCE American Oriental Bioengineering, Inc. Copyright©2009 PR Newswire. All rights reserved

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