v2.4.0.6

Condensed Consolidated Balance Sheets (USD $) In Thousands, unless otherwise specified	Jun. 30, 2012	Mar. 31, 2012
ASSETS
Cash and cash equivalents	$ 13,777	$ 13,804
Restricted bank balances	77,321	90,628
Other financial assets	6,872	662
Trading securities	79	79
Trade receivables, net	15,561	12,705
Deposit paid for land auctions	12,413	31,262
Other receivables	14,094	15,804
Prepayments	1,466	3,150
Due from a related party	1,378	5
Inventories	20,969	22,414
Income taxes receivable	17	17
Assets classified as held for sale	32,206	0
Total current assets	196,153	190,530
Available-for-sale financial assets	2,980	2,980
Long-term land lease prepayments, net	5,037	5,061
Property, plant and equipment, net	50,203	46,121
Deposit for acquisition of land and property, plant and equipment	9,554	12,144
Total assets	263,927	256,836
LIABILITIES AND STOCKHOLDERS' EQUITY
Trade payables	18,087	18,792
Notes payable	7,924	17,918
Accrued expenses and other accrued liabilities	27,490	20,124
Due to related parties	4,722	3,749
Short-term bank borrowings	188,779	168,837
Government subsidies	34	47
Total current liabilities	247,036	229,467
Deferred tax liabilities	460	460
Total non-current liabilities	460	460
Total liabilities	247,496	229,927
Commitments and contingencies
Stockholders' equity:
Preferred stock, US$0.001 par value each: 10,000,000 shares authorized and no shares issued and outstanding	0	0
Common stock, US$0.001 par value each: 1,000,000,000 shares authorized 500,000,000 shares issued and outstanding	500	500
Capital reserves	144	144
Statutory reserves	4,003	4,003
Accumulated other comprehensive income	3,965	3,956
Retained earnings	7,482	17,890
Total CIEC stockholders' equity	16,094	26,493
Non-controlling interests	337	416
Total stockholders' equity	16,431	26,909
Total liabilities and stockholders' equity	$ 263,927	$ 256,836

Carrying amount of the long-term lease prepayments as at the reporting date.

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Chisen Electric Corp 10-Q/A