New Oriental Energy & Chemical Corp (NOEC)

NOEC Balance Sheet

Financials in millions USD. Fiscal year is April - March.

Fiscal Year	TTM	FY 2010	FY 2009	FY 2008	FY 2007	FY 2006
Period Ending	Dec 31, 2010	Mar 31, 2010	Mar 31, 2009	Mar 31, 2008	Mar 31, 2007	Mar 31, 2006
Cash & Equivalents	0.13	0.32	0.41	7.49	2.62	3.28
Short-Term Investments	-	-	-	-	-	0.01
Cash & Short-Term Investments	0.13	0.32	0.41	7.49	2.62	3.29
Cash Growth	-52.60%	-22.16%	-94.51%	186.21%	-20.59%	59.22%
Accounts Receivable	-	0.04	0.72	0.65	1.4	0.01
Other Receivables	0.08	0.23	0.02	0.01	0.27	0.05
Receivables	0.08	0.27	0.74	0.66	1.67	0.06
Inventory	1.75	8.12	2.23	3.37	4.17	1.91
Prepaid Expenses	-	-	-	-	-	0.02
Restricted Cash	1.51	3.66	4.39	5.44	5.43	2.12
Other Current Assets	0.28	0.04	0.02	0.13	0.25	-
Total Current Assets	4.03	13.02	8.1	17.27	14.14	7.41
Property, Plant & Equipment	46.24	45.79	44.4	29.84	16.78	12.68
Long-Term Investments	-	-	0.47	0.03	-	-
Other Intangible Assets	1.63	1.6	1.64	1.63	1.51	0.58
Long-Term Deferred Tax Assets	1.16	0.55	1.42	-	0.65	0.37
Other Long-Term Assets	1.25	1.22	2.14	1.98	0.43	1.17
Total Assets	54.31	62.18	58.16	50.75	33.51	23.46
Accounts Payable	7.65	8.67	9.7	1.66	2.26	2.63
Accrued Expenses	0.28	0.02	0.01	0	0.11	0.02
Short-Term Debt	32.61	31.11	22.75	22.8	11.24	7.8
Current Portion of Long-Term Debt	0.55	0.53	-	-	0.57	0.45
Current Income Taxes Payable	0.59	0.57	0.57	1.42	0.03	0.06
Current Unearned Revenue	1.65	10.81	2.91	4.22	5.39	1.86
Other Current Liabilities	3.46	5.01	3.71	1.91	0.57	0.44
Total Current Liabilities	47.28	57.18	40.08	32.42	20.17	13.26
Long-Term Debt	3.02	2.93	3.46	0.52	-	0.57
Long-Term Deferred Tax Liabilities	0.96	0.72	0.45	0.37	1.62	1.24
Other Long-Term Liabilities	0.13	0.13	0.16	0.16	0.12	0.09
Total Liabilities	51.39	60.96	44.15	33.46	21.9	15.17
Common Stock	0.02	0.01	0.01	0.01	0.01	0.01
Additional Paid-In Capital	11.99	4.57	4.57	4.57	4.57	4.58
Retained Earnings	-11.7	-5.9	6.9	10.63	6.56	3.55
Comprehensive Income & Other	2.63	2.54	2.53	2.08	0.46	0.16
Shareholders' Equity	2.93	1.23	14.02	17.29	11.61	8.3
Total Liabilities & Equity	54.31	62.18	58.16	50.75	33.51	23.46
Total Debt	36.18	34.57	26.21	23.32	11.81	8.83
Net Cash (Debt)	-36.05	-34.25	-25.8	-15.83	-9.19	-5.53
Net Cash Per Share	-2.49	-2.71	-2.04	-1.25	-0.93	-0.74
Filing Date Shares Outstanding	17.01	14.1	12.64	12.64	12.64	7.5
Total Common Shares Outstanding	17.01	12.64	12.64	12.64	12.64	7.5
Working Capital	-43.24	-44.15	-31.98	-15.15	-6.03	-5.85
Book Value Per Share	0.17	0.10	1.11	1.37	0.92	1.11
Tangible Book Value	1.3	-0.38	12.38	15.66	10.1	7.72
Tangible Book Value Per Share	0.08	-0.03	0.98	1.24	0.80	1.03
Buildings	2.52	2.45	2.43	2.13	1.36	1.32
Machinery	26.61	25.81	25.7	24.55	14.14	10.45
Construction In Progress	31.42	29.54	25.7	9.74	5.21	3.15

Source: S&P Capital IQ. Standard template. Financial Sources.