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Shengtai Pharmaceutical, Inc. Reports Record 2007 Annual Results
Date:9/28/2007

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Prepayments - non-current 7,429,371 1,166,998

Intangible assets - land use right, net

of accumulated amortization 1,816,021 1,146,765

Total other assets 12,315,570 4,558,849

Total assets $ 73,760,133 $ 31,271,457

L I A B I L I T I E S A N D S H A R E H O L D E R S' E Q U I T Y

CURRENT LIABILITIES:

Accounts payable $ 3,807,997 $ 1,582,812

Accounts payable - related party 949,992 348,366

Notes payable - banks 8,942,000 7,011,200

Short term loans 18,870,250 8,576,200

Investment payable - 888,920

Accrued liabilities 229,643 92,862

Other payable 1,526,903 256,291

Employee loans 596,516 640,667

Employee loan - officer -- 93,149

Third party loan 318,274 57,319

Dividends payable -- 389,216

Customer deposit 796,228 276,609

Long term liabilities - current

maturities 381,350 876,400

Payable - officer -- 1,925,996

Taxes payable 2,048,932 596,420

Total current liabilities 38,468,085 23,612,427

LONG TERM LIABILITIES

Other payable - noncurrent 3,661,472 --

Long term loans -- 1,001,600

Total long te
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SOURCE Shengtai Pharmaceutical, Inc.
Copyright©2007 PR Newswire.
All rights reserved

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