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Shengtai Pharmaceutical, Inc. Reports Strong Second Quarter Results of Fiscal Year 2008
Date:2/14/2008

OTHER ASSETS:

Investment in Changle

Shengshi Redian Co., Ltd. 3,188,822 2,675,678

Loan to related party -

non-current 411,300 394,500

Prepayments - non-current 12,640,708 7,429,371

Intangible assets - land use right,

net of accumulated amortization 2,193,801 1,816,021

Total other assets 18,434,631 12,315,570

Total assets $ 75,123,833 $ 73,760,133

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 $ 3,408,140 $ 3,807,997

Accounts payable - related

party 935,077 949,992

Notes payable - banks 1,371,000 8,942,000

Short term loans 15,697,950 18,870,250

Accrued liabilities 164,386 229,643

Other payable 1,937,205 1,526,903

Employee loans 1,785,196 596,516

Employee loan - officer 36,963 --

Third party loan 2,160,193 318,274

Customer deposit 1,258,155 796,228

Long term loan - current maturity 397,590 381,350

Taxes payable 3,856,304 2,048,932

Total current liabilities 33,008,159 38,468,085

LONG TERM LIABILITIES

Other payable - noncurrent 3,183,858 3,661,472

Total long term liabilities 3,183,858 3,661,472

Total liabilities
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SOURCE Shengtai Pharmaceutical, Inc.
Copyright©2008 PR Newswire.
All rights reserved

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