12-04-2016, 09:40 AM
From page 79 of Sino G's AR2015:
As of 31-Dec-2015, of the RMB 595.777 m deposit paid for non-current assets, RMB 573.245 m are advances to suppliers for purchases of plant and machineries by Sino G as a Group.
Of this RMB 573.245 m, Garden Fresh’s share was RMB 350.311 m (103.511 m + 246.800 m).
However, as reported on page 241 of the “Application Proof” document, as of 31-Dec-2015, prepayment to suppliers for Garden Fresh Group only amounted to RMB 72.200 m
Does it make sense?
___________________________________________________________________________________________________________________________
As of 31-Dec-2015, of the RMB 595.777 m deposit paid for non-current assets, RMB 573.245 m are advances to suppliers for purchases of plant and machineries by Sino G as a Group.
Of this RMB 573.245 m, Garden Fresh’s share was RMB 350.311 m (103.511 m + 246.800 m).
However, as reported on page 241 of the “Application Proof” document, as of 31-Dec-2015, prepayment to suppliers for Garden Fresh Group only amounted to RMB 72.200 m
Does it make sense?
___________________________________________________________________________________________________________________________
Research, research and research - Please do your own due diligence (DYODD) before you invest - Any reliance on my analysis is SOLELY at your own risk.