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American Oriental Bioengineering Reports Third Quarter 2008 Financial Results
Date:11/10/2008

Total Current Assets 271,123,332 206,872,316

LONG-TERM ASSETS

Plant and equipment, net 70,082,061 48,496,760

Land use rights, net 63,883,307 46,310,240

Deposit for long-term assets 23,565,407 --

Construction-in-progress 446,203 755,614

Other intangible assets, net 24,968,293 26,972,166

Goodwill 22,566,768 22,566,768

Investments in and advances to equity

investments 21,479,515 242,551

Deferred tax assets 1,344,484 1,498,481

Unamortized financing cost 4,448,056 --

Total Long-Term Assets 232,784,094 146,842,580

TOTAL ASSETS $503,907,426 $353,714,896

AMERICAN ORIENTAL BIOENGINEERING, INC. AND SUBSIDIARIES

CONDENSED CONSOLIDATED BALANCE SHEETS

LIABILITIES AND SHAREHOLDERS' EQUITY

SEPTEMBER 30, DECEMBER 31,

2008 2007

UNAUDITED

CURRENT LIABILITIES

Accounts payable $4,788,336 $3,436,352

Other payables and accrued expenses 12,679,625 7,786,157

Taxes payable 4,485,151 2,843,719

Short-term bank loans 6,710,332 6,289,222

Current portion of long-term bank

loans 2,966,016 2,374,565

Other liabilities 2,263,080 3,621,030

Deferred tax liabili
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SOURCE American Oriental Bioengineering Inc.
Copyright©2008 PR Newswire.
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