China Information Technology, Inc. Balance Sheet

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Financial Statements

Income Statement Balance Sheet Cashflow Statement

Consolidated balance sheets

In millions of USD, except per-share amounts

	Q2 FY2012 As of Jun 30, 2012	Q1 FY2012 As of Mar 31, 2012	Q4 FY2011 As of Dec 31, 2011	Q3 FY2011 As of Sep 30, 2011
ASSETS
CURRENT ASSETS
Cash and cash equivalents
Restricted cash
Accounts receivable:
Billed, net of allowance for doubtful accounts of $10,296,000 and $9,373,000, respectively
Unbilled
Bills receivable
Advances to suppliers
Amounts due from related parties
Inventories, net of provision of $5,387,000 and $5,224,000, respectively
Other receivables and prepaid expenses
Deferred tax assets
TOTAL CURRENT ASSETS
Deposit for software purchase
Deposit for purchase of land use rights
Long-term investments
Property, plant and equipment, net
Land use rights, net
Intangible assets, net
Goodwill
Deferred tax assets
TOTAL ASSETS
LIABILITIES AND EQUITY
CURRENT LIABILITIES
Short-term bank loans
Accounts payable
Bills payable
Advances from customers
Amounts due to related parties
Accrued payroll and benefits
Other payables and accrued expenses
Contingent consideration, current portion
Income tax payable
TOTAL CURRENT LIABILITIES
Long-term bank loans
Amounts due to related parties, long-term portion
Contingent consideration, net of current portion
Deferred tax liabilities
TOTAL LIABILITIES
COMMITMENTS AND CONTINGENCIES
EQUITY
Common stock, par $0.01; authorized capital 100,000,000 shares; shares issued and outstanding 2012: 27,007,608 shares, 2011: 27,230,835 shares
Treasury stock, 2012: 584,231 shares, 2011: 360,627at cost
Additional paid-in capital
Reserve
Retained earnings
Accumulated other comprehensive income
Total equity of the Company
Non-controlling interest
Total equity
TOTAL LIABILITIES AND EQUITY

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