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Mindray Announces 2009 Fourth Quarter and Full Year Results
Date:3/1/2010
equity 498,094 640,551 Total liabilities and shareholders' equity 785,771 966,265 (1) Restricted as the security package required for the bank loans as of December 31, 2009. Use of such funds are permitted provided that the proportionate amount of debt must be retired concurrently. As of December 31, 2009, the bank loans can be fully repaid from such restricted cash and restricted investments. Exhibit 2 MINDRAY MEDICAL INTERNATIONAL LIMITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Dollars in thousands, except for share and per share data) Three months ended Year ended December 31, December 31, 2008 2009 2008 2009 US$ US$ US$ US$ (unaudited) (unaudited) (audited) (unaudited) Net revenues - PRC 72,691 87,484 234,454 292,607 - International 95,212 101,346 313,073 341,576 Net revenues 167,903 188,830 547,527 634,183 Cost of revenues (Note 2) (76,754) (86,783) (250,573) (280,319) Gross profit 91,149 102,047 296,954 353,864 Selling expenses (Note 2) (26,976) (33,138) (80,088) (106,142) General and administrative expenses (Note 2) (15,022) (15,988) (39,868) (47,512) Research and development expenses (Note 2) (16,585) (14,747) (51,945) (58,383) Realignment costs -- - - post acquisiti
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