7. Prepayments and other current assets

12 Months Ended

Dec. 31, 2013

Prepayments and other current assets

Prepayment and other current assets mainly represent deposits for purchases and services, rental and utilities deposits, and prepaid expenses.

ZHEJIANG TIANLAN

Prepayments and other current assets

Prepayment and other current assets mainly represent deposits for bidding projects, deposits for purchases and services and prepaid expenses.

The other current assets also include cost of estimated earnings in excess of billing.

Cost and estimated earnings in excess of billings

	2013			2012
	RMB’000			RMB’000
Contracts costs incurred plus estimated earnings		548,026			198,706
Less: Progress billings		(424,397	)		(98,957	)
Cost and estimated earnings in excess of billings		123,629			99,749

ZHEJIANG JIAHUAN

Prepayments and other current assets

			(Unaudited)
	2013		2012
	RMB’000		RMB’000
Prepayments and other receivables		5,141		2,965
Deposits		3,185		4,267
		8,326		7,232