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Sinovac Reports Record Second Quarter 2008 Unaudited Financial Results
Date:8/13/2008

s and deposits 969,449 800,840

Deferred tax assets 1,180,199 579,703

Total current assets 57,270,560 39,181,889

Restricted cash 448,532 846

Property, plant and equipment 18,811,886 15,879,391

Long-term prepaid expenses and

deposits 282,767 298,731

Deferred tax asset 989,990 693,053

Licenses and permits 1,285,732 1,394,052

Total assets $ 79,089,467 $ 57,447,962

LIABILITIES AND STOCKHOLDERS' EQUITY

Current liabilities

Loans payable $ 7,276,114 $ 6,836,110

Accounts payable and accrued

liabilities 13,929,071 9,522,818

Due to related parties 46,971 46,971

Dividends payable to minority

interest shareholder

of Sinovac Beijing 115,380 3,000,458

Deferred research grants 1,060,782 1,038,396

Total current liabilities 22,428,318 20,447,754

Deferred government grants 2,910,446 2,734,444

Loan payable 1,455,223 1,367,222

Long - term debt 4,365,669 4,101,666

Total liabilities 26,793,987 24,546,420

Minority interest 5,264,385 2,897,687

Commitments and contingencies

STOCKHOLDERS' EQUITY

Preferred stock -- --

Authorized 50,000,000 shares at par

value of $0.001 each'/>"/>

SOURCE Sinovac Biotech Ltd.
Copyright©2008 PR Newswire.
All rights reserved

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