Sutor Technology Group Limited

(NASDAQ:SUTR)
  Sep 30, 2008 Jun 30, 2008 Mar 31, 2008
Assets
Current Assets
Cash & Equivalents 14,819 11,806 4,895
Restricted Cash 47,921 59,490 44,040
Marketable Securities — — —
Accounts Receivable 23,385 6,269 10,813
Loans Receivable — 131 7
Other Receivable 421 100 28,569
Receivables 23,806 6,500 39,389
Raw Materials 55,280 32,841 19,137
Work in Progress — — —
Purchased Components — — —
Finished Goods 35,363 18,475 35,860
Other Inventories — — —
Inventories Adjustments and Allowances — — —
Inventories 90,643 51,316 54,998
Prepaid Expenses — — —
Current Deferred Income Taxes 125 289 —
Other Current Assets 12,545 104,154 —
Total Current Assets 189,859 233,555 143,322
Land and Improvements — — —
Building and Improvements 16,812 17,526 29,546
Machinery Furniture and Equipment 41,126 41,127 28,784
Construction in Progress 16,627 13,103 7,416
Other Fixed Assets — — —
Total Fixed Assets 74,565 71,756 65,746
Gross Fixed Assets 74,565 71,756 65,746
Accumulated Depreciation and Depletion 12,934 12,019 10,075
Net Fixed Assets 61,632 59,737 55,670
Intangibles 3,094 3,239 3,187
Cost in Excess — — —
Non Current Deferred Income Taxes — — —
Other Non Current Assets — — —
Total Non Current Assets 64,726 62,976 58,857
Total Assets 254,585 296,530 202,179
Liabilities
Current Liabilities
Accounts Payable 5,928 6,004 7,420
Notes Payable 86,944 130,504 60,706
Short Term Debt — — —
Accrued Expenses — — —
Accrued Liabilities — — —
Deferred Revenues — — —
Current Deferred Income Tax Liabilities — — —
Other Current Liabilities 11,406 20,137 14,391
Total Current Liabilities 104,279 156,646 82,517
Non Current Liabilities
Long Term Debt 7,100 7,100 —
Capital Lease Obligations — — —
Deferred Income Tax Liabilities — — —
Other Non Current Liabilities — — —
Minority Interest Liabilities — 35 36
Preferred Securities of Subsidiary Trust Liabilities — — —
Preferred Equity Outside Stock Equity — — —
Total Non Current Liabilities 111,379 163,780 82,553
Total Liabilities 7,100 7,135 36
Shareholders' Equity
Preferred Stock Equity — — —
Common Stock Equity 143,206 132,750 119,626
Common Par 38 38 38
Additional Paid in Capital 37,170 37,170 37,170
Cumulative Translation Adjustment — 17,182 —
Retained Earnings 75,894 65,773 60,576
Treasury Stock — — —
Other Equity Adjustments 30,104 12,587 21,842
Total Capitalization 150,306 139,850 119,626
Cash Flow 39,291 35,520 33,518
Working Capital 85,580 76,909 60,805
Free Cash Flow 34,190 -45,842 5,270
Invested Capital 150,306 139,850 119,626
Total Equity 143,206 132,750 119,626
Total Liabilities and Stock Equity 254,585 296,530 202,179