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Condensed interim consolidated statements of cash flows (USD $)
3 Months Ended 6 Months Ended
Mar. 31, 2012
Mar. 31, 2011
Mar. 31, 2012
Mar. 31, 2011
Cash flow from operating activities        
Net loss $ (15,628,048) $ (4,083,560) $ (17,447,802) $ (7,741,352)
Adjustments to reconcile net loss to net cash provided by operating activities:        
Depreciation and amortization 5,148,694 4,655,882 10,326,819 8,975,240
Provision for doubtful debts 2,632,598 (613,782) 3,686,537 2,447,086
(Recovery of) / provision for obsolete inventories 2,289,374 (737,407) 1,967,738 (737,407)
Impairment charge     2,707,686 0
Share-based compensation 219,254 409,316 474,731 934,335
Deferred income taxes 0 (182,041) 2,110,627 (417,791)
Deferred revenue (63,408) (60,795) (126,347) (120,891)
Exchange (gain) / loss (162,883) (135,060) 1,985 (200,587)
Changes in operating assets and liabilities:        
Trade accounts receivable 6,420,825 1,996,606 (13,804,887) (5,875,117)
Inventories (5,480,773) 1,656,539 7,207,565 (571,497)
Prepayments and other receivables (4,883,944) 1,284,517 (6,886,989) 1,805,828
Accounts and bills payable 5,555,905 (1,272,685) 4,528,041 14,689,029
Accrued expenses and other payables 13,088,495 (292,823) 20,036,300 7,823,961
Net cash provided by operating activities 9,136,089 2,624,707 14,782,004 21,010,837
Cash flow from investing activities        
Purchases of property, plant and equipment (6,274,337) (6,349,350) (10,052,253) (12,317,071)
Purchases of intangible assets     (463,779) 0
Net cash used in investing activities (6,274,337) (6,349,350) (10,516,032) (12,317,071)
Cash flow from financing activities        
Proceeds from borrowings 57,577,698 66,874,383 95,395,611 94,628,666
Repayment of borrowings (52,379,220) (72,954,215) (111,453,961) (104,714,179)
Decrease in pledged deposits 2,648,355 10,567,373 3,455,963 3,809,754
Net cash used in financing activities 7,846,833 4,487,541 (12,602,387) (6,275,759)
Effect of exchange rate changes on cash and cash equivalents 95,318 268,172 156,857 551,320
Net increase / (decrease) in cash and cash equivalents 10,803,903 1,031,070 (8,179,558) 2,969,327
Cash and cash equivalents at the beginning of period 5,874,778 24,526,892 24,858,239 22,588,635
Cash and cash equivalents at the end of period 16,678,681 25,557,962 16,678,681 25,557,962
Cash received during the period for:        
Bills receivable discounted to banks 4,498,111 5,184,165 9,325,325 14,279,747
Cash paid during the period for:        
Income taxes 0 42,097 0 42,097
Interest, net of amounts capitalized $ 2,682,059 $ 2,348,209 $ 5,345,828 $ 4,750,809