Sinovac Reports Unaudited First Quarter 2009 Financi...(343534 62280709 Property plant...),Health

Date:5/15/2009

343,534 62,280,709 Property, plant and equipment 20,564,504 19,262,099 Deferred tax asset 580,296 569,937 Licenses and permits 992,444 1,090,477 Due to from related party 1,460,792 -- Total assets $80,941,570 $83,203,222 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Loans payable $8,034,358 $8,024,277 Accounts payable and accrued liabilities 9,789,984 11,909,037 Due to related parties 46,971 46,971 Dividends payable to minority interest shareholder of Sinovac Beijing 115,822 115,677 Deferred research grants 1,126,236 1,182,703 Total current liabilities 19,113,371 21,278,665 Loans payable 2,191,189 2,188,439 Deferred government grants 2,788,869 2,836,994 Total long-term liabilities 4,980,058 5,025,433 Total liabilities 24,093,429 26,304,098 EQUITY Shareholders' equity Preferred stock -- -- Authorized 50,000,000 shares at par value of $0.001 each, issued and outstanding: nil Common stock 42,725 42,894 Authorized 100,000,000 shares at par value of $0.001 each, issued and outstanding: 42,725,356 Additional paid-in capital 41,376,534 41,629,506 Accumulated other comprehensive income 4,208,124 4,143,225 Dedicated reserves
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SOURCE Sinovac Biotech Ltd. Copyright©2009 PR Newswire. All rights reserved

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