Zhaoheng Hydropower Ltd. (ZHYLF)

Zhaoheng Hydropower Balance Sheet

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

Fiscal Year	TTM	FY 2008	FY 2007	FY 2006
Period Ending	Mar 31, 2009	Dec 31, 2008	Dec 31, 2007	Dec 31, 2006
Cash & Equivalents	1.63	5.8	0.99	4.82
Accounts Receivable	2.6	4.21	1.92	4.56
Other Receivables	0.07	0.05	0.22	0.18
Prepaid Expenses	0.11	0.2	0.09	-
Loans Receivable Current	-	-	0.2	0.09
Other Current Assets	0.66	-	-	3.04
Total Current Assets	5.09	10.27	3.42	12.69
Property, Plant & Equipment	88.37	76.33	59.13	43.22
Other Intangible Assets	1.31	1.22	1.17	1.12
Long-Term Investments	1.79	1.72	0.54	0.5
Long-Term Deferred Charges	0.06	0.03	-	-
Long-Term Accounts Receivable	-	0.01	-	-
Other Long-Term Assets	0.37	4.39	17.71	24.87
Total Assets	96.98	93.96	81.95	82.4
Accounts Payable	0.39	0.07	0.04	0.94
Accrued Expenses	0.98	1.13	0.21	0.03
Short-Term Debt	1.14	0.26	0.07	2.56
Current Income Taxes Payable	0.09	0.07	0.05	0
Other Current Liabilities	6	2.43	1.74	2.8
Total Current Liabilities	8.6	3.96	2.1	6.33
Long-Term Debt	61.06	63.17	60.57	33.26
Total Liabilities	69.67	67.14	62.67	39.59
Common Stock	0.07	0.07	0.07	-
Additional Paid-In Capital	15.37	15.37	15.37	32.2
Retained Earnings	7.5	7.29	1.3	2.74
Comprehensive Income & Other	3.94	3.89	2.54	1.93
Total Common Equity	26.88	26.62	19.28	36.87
Minority Interest	0.44	0.2	-	5.93
Shareholders' Equity	27.32	26.82	19.28	42.8
Total Liabilities & Equity	96.98	93.96	81.95	82.4
Total Debt	62.2	63.43	60.63	35.82
Net Cash (Debt)	-60.57	-57.63	-59.64	-31
Net Cash Per Share	-0.84	-0.80	-0.83	-
Filing Date Shares Outstanding	76.64	71.69	71.69	-
Total Common Shares Outstanding	71.69	71.69	71.69	-
Working Capital	-3.52	6.3	1.31	6.35
Book Value Per Share	0.37	0.37	0.27	-
Tangible Book Value	25.57	25.4	18.11	35.76
Tangible Book Value Per Share	0.36	0.35	0.25	-
Buildings	0.85	11.8	8.28	7.62
Machinery	39.52	37.67	14.27	13.32
Construction In Progress	1.76	1.17	28.49	13.78

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