Highway holdings ltd (HIHO)
Balance Sheet / Quarterly
Mar'18Mar'17Mar'16Mar'15Mar'14Mar'13Mar'12Mar'11
ASSETS
Current assets:
Cash and cash equivalents (note 4)

11,267

10,028

9,140

9,727

5,416

4,634

5,575

6,864

Restricted cash (note 7)

-

-

-

-

643

643

643

643

Accounts receivable, net (note 5)

2,223

3,403

4,321

2,943

3,157

3,958

3,724

4,797

Inventories, net (note 6)

2,933

2,265

1,425

2,081

3,700

2,957

3,970

4,236

Amount due from an equity method investee

-

-

-

-

-

110

174

0

Prepaid expenses and other current assets

749

714

844

987

1,044

1,114

424

417

Total current assets

17,172

16,410

15,730

15,738

13,960

13,416

14,510

16,957

Goodwill

77

77

77

77

0

-

-

-

Property, plant and equipment, net (note 7)

770

954

1,121

1,094

1,213

1,769

2,027

2,411

Long-term deposits

111

111

111

78

167

0

42

0

Investments in equity method investees (note 8)

0

0

0

0

0

0

0

31

Loan receivable

-

-

-

-

436

167

0

-

TOTAL ASSETS

18,130

17,552

17,039

16,987

15,776

15,352

16,579

19,399

LIABILITIES AND EQUITY
Current liabilities:
Accounts payable

900

2,391

1,307

1,579

1,577

1,515

2,547

3,581

Short-term borrowings (note 7)

-

-

-

-

-

-

-

280

Long-term loans - current portion (note 9)

-

-

-

-

-

112

262

253

Obligations under capital leases (note 10)

-

-

-

-

-

-

3

41

Accrued expenses and other current liabilities (note 9)

3,982

3,053

2,789

2,429

1,730

1,386

1,324

2,057

Income tax payable

803

328

440

334

279

158

153

71

Dividend payable

623

438

537

380

0

114

0

-

Total current liabilities

6,308

6,210

5,073

4,722

3,586

3,285

4,289

6,283

Obligations under capital leases - net of current portion (note 9)

-

-

-

-

-

-

-

3

Deferred income taxes (note 3)

32

32

32

32

44

59

180

173

Long-term loans - net of current portion (note 9)

-

-

-

-

-

-

112

375

Total liabilities

6,340

6,242

5,105

4,754

3,630

3,344

4,581

6,834

Commitments and contingencies (note 8)

-

-

-

0

0

0

0

0

Shareholders' equity:
Common shares, $0.01 par value (Authorized: 20,000,000 shares; 3,801,874 shares as of March 31, 2017, 2018, issued and outstanding)

38

38

38

38

38

38

38

38

Additional paid-in capital

11,370

11,370

11,370

11,370

11,340

11,340

11,340

11,335

Retained profits

347

13

512

782

770

628

634

1,206

Treasury shares, at cost - 5,049 shares as of March 31, 2017 and 2018 (note 11)

14

14

14

14

14

14

14

14

Accumulated other comprehensive loss

0

-136

-34

8

7

16

0

-

Total Highway Holdings shareholder's equity

11,741

11,271

11,872

12,184

12,141

12,008

11,998

12,565

Non-controlling interest

49

39

62

49

5

0

-

-

Total Equity

11,790

11,310

11,934

12,233

12,146

12,008

-

-

TOTAL LIABILITIES AND EQUITY

18,130

17,552

17,039

16,987

15,776

15,352

16,579

19,399