China New Borun (BORN) annual balance sheet covering fiscal 2012 through 2017, as reported to the SEC.
Total assets have grown 4.7% a year on average since fiscal 2012, from $388.67M to $489.31M.
A balance sheet shows what a company owns and what it owes on a single date. The difference between the two belongs to shareholders.
| Dec'17 | Dec'16 | Dec'15 | Dec'14 | Dec'13 | Dec'12 | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
ASSETS | |||||||||||||||||||||
Current assets | |||||||||||||||||||||
Cash | |||||||||||||||||||||
111,451 | 114,650 | 76,326 | 135,713 | 85,497 | 97,158 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Cash | 111,451 | 114,650 | 76,326 | 135,713 | 85,497 | 97,158 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Restricted cash (note 14 (vi), (vii)) | |||||||||||||||||||||
- | - | - | 10,192 | 6,895 | 11,932 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Restricted cash (note 14 (vi), (vii)) | - | - | - | 10,192 | 6,895 | 11,932 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Held-to-maturity debt securities (note 4) | |||||||||||||||||||||
- | - | 16,618 | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Held-to-maturity debt securities (note 4) | - | - | 16,618 | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Available-for-sale securities (note 4) | |||||||||||||||||||||
- | - | - | - | 2,752 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Available-for-sale securities (note 4) | - | - | - | - | 2,752 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Trade accounts receivable, net of allowance for doubtful accounts of RMB nil and RMB nil ($ nil), as of December 31, 2016 and 2017, respectively (note 4) | |||||||||||||||||||||
78,010 | 59,913 | 79,388 | 86,857 | 58,794 | 48,171 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Trade accounts receivable, net of allowance for doubtful accounts of RMB nil and RMB nil ($ nil), as of December 31, 2016 and 2017, respectively (note 4) | 78,010 | 59,913 | 79,388 | 86,857 | 58,794 | 48,171 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Inventories (note 5) | |||||||||||||||||||||
66,448 | 86,871 | 67,580 | 81,182 | 57,932 | 21,999 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Inventories (note 5) | 66,448 | 86,871 | 67,580 | 81,182 | 57,932 | 21,999 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Advance to suppliers (note 6) | |||||||||||||||||||||
86,039 | 35,458 | 53,128 | 8,592 | 45,309 | 10,791 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Advance to suppliers (note 6) | 86,039 | 35,458 | 53,128 | 8,592 | 45,309 | 10,791 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other receivables (note 7) | |||||||||||||||||||||
10,160 | 11,684 | 9,090 | 12,027 | 9,596 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other receivables (note 7) | 10,160 | 11,684 | 9,090 | 12,027 | 9,596 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other receivables (note 7) | |||||||||||||||||||||
- | - | - | - | - | 5,549 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other receivables (note 7) | - | - | - | - | - | 5,549 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Prepaid expenses | |||||||||||||||||||||
425 | 479 | 561 | 745 | 619 | 960 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Prepaid expenses | 425 | 479 | 561 | 745 | 619 | 960 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Deferred income tax assets (note 16) | |||||||||||||||||||||
- | - | - | - | 40 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Deferred income tax assets (note 16) | - | - | - | - | 40 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total current assets | |||||||||||||||||||||
352,536 | 309,058 | 302,694 | 335,311 | 267,438 | 196,563 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total current assets | 352,536 | 309,058 | 302,694 | 335,311 | 267,438 | 196,563 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Property, plant and equipment, net (note 8) | |||||||||||||||||||||
117,237 | 126,314 | 152,210 | 179,123 | 187,590 | 166,722 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Property, plant and equipment, net (note 8) | 117,237 | 126,314 | 152,210 | 179,123 | 187,590 | 166,722 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Land use rights, net (note 9) | |||||||||||||||||||||
19,532 | 18,806 | 20,526 | 22,246 | 22,789 | 8,978 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Land use rights, net (note 9) | 19,532 | 18,806 | 20,526 | 22,246 | 22,789 | 8,978 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Intangible assets, net (note 11) | |||||||||||||||||||||
- | - | 307 | 951 | 1,582 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Intangible assets, net (note 11) | - | - | 307 | 951 | 1,582 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Long-term deferred expenses (note 15) | |||||||||||||||||||||
- | - | - | 909 | 1,754 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Long-term deferred expenses (note 15) | - | - | - | 909 | 1,754 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Deferred income tax assets (note 16) | |||||||||||||||||||||
- | - | 270 | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Deferred income tax assets (note 16) | - | - | 270 | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Intangible assets, net (note 10) | |||||||||||||||||||||
- | - | - | - | - | 2,143 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Intangible assets, net (note 10) | - | - | - | - | - | 2,143 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Other non-current assets (note 12) | |||||||||||||||||||||
- | - | - | - | - | 14,262 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Other non-current assets (note 12) | - | - | - | - | - | 14,262 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total assets | |||||||||||||||||||||
489,306 | 454,178 | 476,009 | 538,541 | 481,155 | 388,671 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total assets | 489,306 | 454,178 | 476,009 | 538,541 | 481,155 | 388,671 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
LIABILITIES AND SHAREHOLDERS' EQUITY | |||||||||||||||||||||
Current liabilities | |||||||||||||||||||||
Trade accounts payable | |||||||||||||||||||||
5,645 | 3,408 | 3,432 | 2,787 | 4,801 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Trade accounts payable | 5,645 | 3,408 | 3,432 | 2,787 | 4,801 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Trade accounts payable | |||||||||||||||||||||
- | - | - | - | - | 2,005 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Trade accounts payable | - | - | - | - | - | 2,005 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Accrued expenses and other payables (note 10) | |||||||||||||||||||||
8,382 | 6,863 | 12,350 | 14,173 | 17,480 | 10,173 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Accrued expenses and other payables (note 10) | 8,382 | 6,863 | 12,350 | 14,173 | 17,480 | 10,173 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Income taxes payable | |||||||||||||||||||||
10,210 | 1,764 | 4,030 | 1,014 | 1,495 | 1,059 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Income taxes payable | 10,210 | 1,764 | 4,030 | 1,014 | 1,495 | 1,059 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Short-term borrowings (note 11) | |||||||||||||||||||||
106,924 | 130,484 | 115,991 | 147,246 | 101,723 | 133,990 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Short-term borrowings (note 11) | 106,924 | 130,484 | 115,991 | 147,246 | 101,723 | 133,990 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Current portion of long-term borrowings (note 13) | |||||||||||||||||||||
- | - | 12,935 | 3,922 | 3,936 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Current portion of long-term borrowings (note 13) | - | - | 12,935 | 3,922 | 3,936 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Bonds payable in connection with 2013 Bonds: Outstanding principal amount of RMB320,000,000, bearing fixed annual interest rate of 9.3%, with maturity on April 16, 2016 (less unamortized debt issuance costs based on imputed interest rate of 10.53% of RMB427,908 and RMB nil as of December 31, 2015 and 2016, respectively) (note 14) | |||||||||||||||||||||
- | - | 49,279 | 81,712 | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Bonds payable in connection with 2013 Bonds: Outstanding principal amount of RMB320,000,000, bearing fixed annual interest rate of 9.3%, with maturity on April 16, 2016 (less unamortized debt issuance costs based on imputed interest rate of 10.53% of RMB427,908 and RMB nil as of December 31, 2015 and 2016, respectively) (note 14) | - | - | 49,279 | 81,712 | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total current liabilities | |||||||||||||||||||||
131,163 | 142,521 | 198,021 | 250,856 | 129,437 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total current liabilities | 131,163 | 142,521 | 198,021 | 250,856 | 129,437 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Bonds payable, outstanding principal amount of RMB300,000,000 ($43,246,360), bearing fixed annual interest rate of 6.5%, with maturity on November 2, 2021 (less unamortized debt issuance costs based on imputed interest rate of 6.75% of RMB 6,830,549 and RMB5,419,012 ($829,331) as of December 31, 2016 and 2017, respectively) (note 12) | |||||||||||||||||||||
45,082 | 42,261 | - | - | 82,008 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Bonds payable, outstanding principal amount of RMB300,000,000 ($43,246,360), bearing fixed annual interest rate of 6.5%, with maturity on November 2, 2021 (less unamortized debt issuance costs based on imputed interest rate of 6.75% of RMB 6,830,549 and RMB5,419,012 ($829,331) as of December 31, 2016 and 2017, respectively) (note 12) | 45,082 | 42,261 | - | - | 82,008 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Long-term borrowings (note 14) | |||||||||||||||||||||
- | - | - | 13,727 | 7,872 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Long-term borrowings (note 14) | - | - | - | 13,727 | 7,872 | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total liabilities | |||||||||||||||||||||
176,245 | 184,782 | 198,021 | 264,584 | 219,318 | 147,229 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total liabilities | 176,245 | 184,782 | 198,021 | 264,584 | 219,318 | 147,229 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Commitments and contingencies (note 15) | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Commitments and contingencies (note 15) | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Shareholders' equity | |||||||||||||||||||||
Ordinary share-par value of RMB0.0068259; 25,725,000 shares authorized, issued and outstanding as of December 31, 2016 and 2017, respectively | |||||||||||||||||||||
25 | 25 | 25 | 25 | 25 | 25 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Ordinary share-par value of RMB0.0068259; 25,725,000 shares authorized, issued and outstanding as of December 31, 2016 and 2017, respectively | 25 | 25 | 25 | 25 | 25 | 25 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Additional paid-in capital | |||||||||||||||||||||
71,643 | 67,483 | 72,091 | 76,504 | 76,782 | 74,478 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Additional paid-in capital | 71,643 | 67,483 | 72,091 | 76,504 | 76,782 | 74,478 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Additional paid-in capital | |||||||||||||||||||||
- | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Additional paid-in capital | - | - | - | - | - | - | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Retained earnings-appropriated (note 2) | |||||||||||||||||||||
26,201 | 22,132 | 22,662 | 21,944 | 20,724 | 18,837 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Retained earnings-appropriated (note 2) | 26,201 | 22,132 | 22,662 | 21,944 | 20,724 | 18,837 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Retained earnings-unappropriated | |||||||||||||||||||||
215,264 | 179,835 | 183,285 | 175,553 | 164,496 | 148,173 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Retained earnings-unappropriated | 215,264 | 179,835 | 183,285 | 175,553 | 164,496 | 148,173 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Accumulated other comprehensive loss | |||||||||||||||||||||
-75 | -81 | -76 | -70 | -192 | -73 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Accumulated other comprehensive loss | -75 | -81 | -76 | -70 | -192 | -73 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total shareholders' equity | |||||||||||||||||||||
313,060 | 269,395 | 277,988 | 273,957 | 261,836 | 241,441 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total shareholders' equity | 313,060 | 269,395 | 277,988 | 273,957 | 261,836 | 241,441 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||
Total liabilities and shareholders' equity | |||||||||||||||||||||
489,306 | 454,178 | 476,009 | 538,541 | 481,155 | 388,671 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | ||||||
Total liabilities and shareholders' equity | 489,306 | 454,178 | 476,009 | 538,541 | 481,155 | 388,671 | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | xxxxx | |||||