ging interpretations of generally accepted accounting principles; the availability of capital resources, including in the form of capital markets financing opportunities, in light of industry developments affecting issuers that have pursued a "reverse merger" with an operating company based in China, as well as general economic conditions; and other relevant risks detailed in the Company's filings with the Securities and Exchange Commission.
This announcement contains translations of certain Renminbi amounts into U.S. dollars at specified rates solely for the convenience of readers. Unless otherwise noted, all translations from Renminbi to U.S. dollars as of and for the periods ending March 31, 2012 were made at the noon buying rate of RMB6.2975 to $1.00 on March 30, 2012 in the City of New York for cable transfers in Renminbi per U.S. dollar as certified for customs purposes by the Federal Reserve Bank of New York. China Cord Blood Corporation makes no representation that the Renminbi or U.S. dollar amounts referred to in this press release could have been or could be converted into U.S. dollars or Renminbi, at any particular rate or at all.
For more information, please contact:China Cord Blood CorporationMs. Joeling LawTel: (+852) 3605-8180Email: firstname.lastname@example.org ICR, Inc.Mr. Rob KoeppTel: (+86) 10-6583-7516U.S. Tel: (646) 405-5185EXHIBIT 1CHINA CORD BLOOD CORPORATIONUNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETSAs of March 31, 2011 and 2012
(in thousands except share data)March 31,March 31,20112012RMBRMBUS$ASSETSCurrent assetsCash and cash equivalents
611,387794,311126,131Accounts receivable, less allowance for doubtful accounts (March 31, 2011: RMB11,850; March 31, 2012: RMB13,916)
6,7296,6661,059Prepaid expenses and other receivables
-35456Deferred tax assets
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