Attached files
file | filename |
---|---|
8-K/A - FIRST CHINA PHARMACEUTICAL GROUP, INC. | v208453_8ka.htm |
EX-99.4 - FIRST CHINA PHARMACEUTICAL GROUP, INC. | v208453_ex99-4.htm |
EX-10.4 - FIRST CHINA PHARMACEUTICAL GROUP, INC. | v208453_ex10-4.htm |
EX-99.1B - FIRST CHINA PHARMACEUTICAL GROUP, INC. | v208453_ex99-1b.htm |
EX-99.1A - FIRST CHINA PHARMACEUTICAL GROUP, INC. | v208453_ex99-1a.htm |
Exhibit 99.1 (c)
FIRST
CHINA PHARMACEUTICAL GROUP LIMITED
INTERIM
BALANCE SHEETS
(Stated
in US Dollars)
As
of
|
||||||||
June
30,
|
||||||||
Notes
|
2010
|
|||||||
$
|
||||||||
ASSETS
|
||||||||
Current
Assets
|
||||||||
Cash
and cash equivalents
|
1,305 | |||||||
Restricted
cash
|
2 | (e) | - | |||||
Due
from a related party
|
3 | 1,285 | ||||||
Total
current assets
|
2,590 | |||||||
Long-term
Investment, net
|
6 | 294,470 | ||||||
TOTAL
ASSETS
|
297,060 | |||||||
LIABILITIES
AND STOCKHOLDERS’ EQUITY
|
||||||||
Current
Liabilities
|
||||||||
Short-term
borrowings
|
7 | - | ||||||
Other
payable and accrued liabilities
|
8 | 295,883 | ||||||
Income
tax payable
|
- | |||||||
Total
Current Liabilities
|
295,883 | |||||||
TOTAL
LIABILITIES
|
295,883 | |||||||
COMMITMENTS
AND CONTINGENCIES
|
13 | - | ||||||
STOCKHOLDERS’
EQUITY
|
||||||||
Common
stock
|
10 | 1,285 | ||||||
Authorized,
issued and outstanding:
|
||||||||
10,000
common shares, par value HK$1 per share
|
||||||||
Retained
earnings
|
(108 | ) | ||||||
Accumulated
other comprehensive income
|
||||||||
-
foreign currency translation adjustments
|
||||||||
TOTAL
STOCKHOLDER’S EQUITY
|
1,177 | |||||||
TOTAL
LIABILITIES AND STOCKHOLDERS’ EQUITY
|
297,060 |
FIRST
CHINA PHARMACEUTICAL GROUP LIMITED
INTERIM
STATEMENTS OF INCOME AND COMPREHENSIVE INCOME
(Stated
in US Dollars)
Three
months
ended
|
Six
months
ended
|
||||||||
June 30,
|
June
30,
|
||||||||
Notes
|
2010
|
2010
|
|||||||
$
|
$
|
||||||||
Net
sales
|
- | - | |||||||
Costs
of sales
|
- | - | |||||||
Gross
profit
|
- | - | |||||||
Selling
expenses
|
- | - | |||||||
Administrative
expenses
|
(59 | ) | (59 | ) | |||||
Depreciation
and amortization
|
- | - | |||||||
Other
(losses)/gains-
|
- | - | |||||||
Other
operating expenses
|
- | - | |||||||
Income
from operations
|
(59 | ) | (59 | ) | |||||
Interest
income
|
- | - | |||||||
Interest
expense
|
(49 | ) | (49 | ) | |||||
Income
before tax
|
(108 | ) | (108 | ) | |||||
Income
tax
|
- | - | |||||||
Net
income
|
(108 | ) | (108 | ) | |||||
Other
comprehensive income
|
|||||||||
-
foreign currency translation adjustments
|
- | - | |||||||
Comprehensive
income
|
(108 | ) | (108 | ) |
FIRST
CHINA PHARMACEUTICAL GROUP LIMITED
INTERIM
STATEMENTS OF SHAREHOLDERS’ EQUITY
(Stated
in US Dollars)
Common stock
|
Additional
paid-in
|
Retained
|
||||||||||||||||||
Shares
|
Amount
|
capital
|
earnings
|
Total
|
||||||||||||||||
$
|
$
|
$
|
$
|
|||||||||||||||||
Balance,
April 29, 2010 (Incorporation date)
|
10,000 | 1,285 | - | - | 1,285 | |||||||||||||||
Net
income
|
- | - | - | (108 | ) | (108 | ) | |||||||||||||
Foreign
currency translation adjustments
|
- | - | - | - | - | |||||||||||||||
Balance,
June 30, 2010
|
10,000 | 1,285 | - | (108 | ) | 1,177 |
FIRST
CHINA PHARMACEUTICAL GROUP LIMITED
INTERIM STATEMENT OF CASH
FLOWS
(Stated
in US Dollars)
From
the date of incorporation
|
||||
to
June 30,
|
||||
2010
|
||||
$
|
||||
Cash
Flows from Operating Activities
|
||||
Net
income
|
(108 | ) | ||
Adjustments
to reconcile net income to net cash provided by operating
activities:
|
||||
Depreciation
and amortization
|
- | |||
Changes
in operating assets and liabilities:
|
||||
Due
from (to) a related party
|
(1,285 | ) | ||
Other
payables and accrued liabilities
|
295,883 | |||
Net
cash used in operating activities
|
294,490 | |||
Cash
Flows from Investing Activities
|
||||
Long-term
Investment
|
(294,470 | ) | ||
Net
cash used in investing activities
|
(294,470 | ) | ||
Cash
flows from financing activities
|
||||
Capital
Contribution
|
1,285 | |||
Decrease
(increase) in restricted cash
|
- | |||
Net
cash provided by (used in) financing activities
|
1,285 | |||
Effect
of foreign currency translation on cash and cash
|
||||
equivalents
|
- | |||
Net
decrease in cash and cash equivalents
|
1,305 | |||
Cash
and cash equivalents - beginning of period
|
- | |||
Cash
and cash equivalents - end of period
|
1,305 | |||
Supplemental
disclosures for cash flow information:
|
||||
Cash
paid for:
|
||||
Interest
|
- | |||
Income
taxes
|
- |