Tongxin International Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2014	FY 2013	FY 2012	FY 2011	FY 2010
Period Ending	Dec '14 Dec 31, 2014	Dec '13 Dec 31, 2013	Dec '12 Dec 31, 2012	Dec '11 Dec 31, 2011	Dec '10 Dec 31, 2010
Cash & Equivalents	1.17	1.26	2.66	6.29	9.94
Cash & Short-Term Investments	1.17	1.26	2.66	6.29	9.94
Cash Growth	-7.52%	-52.46%	-57.71%	-36.71%	-39.76%
Accounts Receivable	14.63	8.6	8.24	8.71	12.04
Other Receivables	1.67	12.34	0.72	1.11	2.63
Receivables	20.53	21.91	13.29	17.14	21.62
Inventory	28.48	28.97	25.59	30.81	27.43
Prepaid Expenses	-0.08	0.1	-0.04	0.14	0.66
Restricted Cash	2.76	4.07	5.22	3.86	0.83
Other Current Assets	-0.01	0.01	0.05	0.09	1.52
Total Current Assets	55.2	58.7	49.11	60.64	64.23
Property, Plant & Equipment	46.95	51.93	54.6	53.04	49.45
Long-Term Investments	-	-	-	-	0.08
Goodwill	-	-	-	-	37.63
Other Intangible Assets	13.92	14.2	13.99	14.19	13.7
Other Long-Term Assets	-	-	-	0	-
Total Assets	116.07	124.83	117.7	127.87	165.08
Accounts Payable	26.01	24.18	22.94	22.83	23.87
Accrued Expenses	11.78	20.3	1.01	3.56	3.18
Short-Term Debt	31.59	25.99	31.94	33.94	26.65
Current Income Taxes Payable	20.12	19.79	18.64	18.51	17.62
Other Current Liabilities	0	-	-0	-0	0.13
Total Current Liabilities	89.49	90.25	74.52	78.84	71.45
Long-Term Debt	0.01	0.01	3.38	0.17	0.16
Long-Term Deferred Tax Liabilities	1.41	1.44	1.4	1.37	1.31
Other Long-Term Liabilities	-	-0	0	0	-0
Total Liabilities	90.91	91.7	79.3	80.38	72.92
Common Stock	0.02	0.02	0.02	0.02	0.02
Additional Paid-In Capital	99.09	99.09	99.09	99.09	99.09
Retained Earnings	-74.07	-66.57	-60.47	-50.87	-4.49
Treasury Stock	-7.68	-7.68	-7.68	-7.68	-7.68
Comprehensive Income & Other	7.8	8.25	7.43	6.9	5.17
Total Common Equity	25.15	33.11	38.38	47.46	92.11
Minority Interest	0.01	0.02	0.02	0.04	0.06
Shareholders' Equity	25.16	33.13	38.4	47.5	92.16
Total Liabilities & Equity	116.07	124.83	117.7	127.87	165.08
Total Debt	31.6	25.99	35.32	34.1	26.81
Net Cash (Debt)	-30.43	-24.73	-32.66	-27.81	-16.88
Net Cash Per Share	-2.09	-1.71	-2.28	-	-1.01
Filing Date Shares Outstanding	14.53	14.45	14.35	-	14.24
Total Common Shares Outstanding	14.53	14.45	14.35	-	14.24
Working Capital	-34.29	-31.55	-25.41	-18.2	-7.22
Book Value Per Share	1.73	2.29	2.67	-	6.47
Tangible Book Value	11.24	18.92	24.39	33.26	40.78
Tangible Book Value Per Share	0.77	1.31	1.70	-	2.86

Source: S&P Global Market Intelligence. Standard template. Financial Sources.