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Sinovac Reports Unaudited Full Year 2008 and Fourth Quarter Financial Results with Financial Tables
Date:4/9/2009

Prepaid expenses and deposits 933,297 800,840 Deferred tax assets 1,189,831 579,703 Total current assets 62,280,709 39,181,889 Property, plant and equipment 19,262,099 15,879,391 Long-term prepaid expenses and deposits -- 299,577 Deferred tax asset 569,937 693,053 Licenses and permits 1,090,477 1,394,052 Total assets $ 83,203,222 $ 57,447,962 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Loans payable $ 8,024,277 $ 6,836,110 Accounts payable and accrued liabilities 11,909,038 9,522,818 Due to related parties 46,971 46,971 Dividends payable to minority interest shareholder of Sinovac Beijing 115,677 3,000,458 Deferred research grants 1,182,703 1,038,396 Total current liabilities 21,278,666 20,447,754 Deferred government grants 2,836,994 2,734,444 Loan payable 2,188,439 1,367,222 Long-term debt 5,025,433 4,101,666 Total liabilities 26,304,099 24,546,420 Minority interest 7,185,349 2,897,687 Commitments and contingencies STOCKHOLDERS' EQUITY Preferred stock -- -- Authorized 50,000,000 shares at par value of $0.001 each Issued and outstanding: nil Common stock 42,894 40,305 Authorized: 100,000,000 shares at par value of $0.001 each
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SOURCE Sinovac Biotech Ltd.
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