Financial results for the Second Quarter and Six Months Ended 30 June 2012 (стр. 5 )

unaudited condensed consolidated balance sheet

As of 30 JUNE 2012

	30 June 2012 US unaudited condensed consolidated balance sheet As of 30 JUNE 2012 30 June 2012 US$000 31 December 2011 US$000 (as adjusted)* ASSETS Current assets: Cash and cash equivalents 30 061 28 247 Trade receivables, net of allowance for doubtful accounts of 4 931 and of 5 150 as of 30 June 2012 and 31 December 2011, respectively 78 808 77 623 Advances paid, net of allowance for doubtful accounts of 2 335 and of 2 845 as of 30 June 2012 and 31 December 2011, respectively 21 411 26 001 Inventory Short-term deposits in banks 914 931 Deferred tax assets 4 106 4 186 Other receivables, net of allowance for doubtful accounts of 2 396 and of 2 769 as of 30 June 2012 and 31 December 2011, respectively 23 738 20 964 Other current assets 38 031 46 490 Total current assets 389 512 Non-current assets: Property, plant and equipment, net 1 238 026 1  Goodwill 17 078 17 407 Other intangible assets, net 40 925 41 597 Deferred tax assets 4 953 5 049 Notes receivable, net 1 495 1 497 Investments in joint venture 4 751 - Other non-current receivables 5 203 3 892 Total non-current assets 1  1  Total assets 1 701 943 1  unaudited condensed consolidated balance sheet As of 30 JUNE 2012 (continued) 30 June 2012 US$000 31 December 2011 US$000 (as adjusted)* LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Trade accounts payable 78 683 88 173 Short-term borrowings 203 765 Tax related liabilities 14 960 11 676 Deferred tax liabilities 91 93 Payroll related liabilities 20 282 17 769 Advances received 3 246 7 552 Payables for non-current assets 11 418 10 092 Interest payable 708 1 082 Other payables and accruals 5 812 7 724 Total current liabilities Non-current liabilities: Long-term borrowings 490 556 Deferred tax liabilities 34 360 36 362 Tax related liabilities 2 525 2 576 Payables to shareholders 416 463 Other liabilities 1 921 2 095 Total non-current liabilities Equity: Share capital 15 15 Additional paid-in capital Treasury shares Other accumulated comprehensive loss ( ( Retained earnings Total shareholders' equity Non-controlling interests 31 880 30 114 Total equity 833 200 Total liabilities and equity 1  1  APPENDIX IV: unaudited condensed consolidated interim cash flow statement For the SIX months ended 30 JUNE 2012 Six months ended 30 June 2012 US$000 Six months ended 30 June 2011 US$000 (as adjusted)* Year ended 31 December 2011 US$000 (as adjusted)* Cash flows from (used in) operating activities: Net income 99 378 67 160 Adjustments to reconcile net income to net cash from operating activities: Depreciation and amortisation 38 506 30 050 66 635 Bad debt expense 1 242 1 261 3 182 Uncollectible subsidies - - 4 804 Impairment of assets - - 3 395 Foreign exchange loss 225 914 3 601 Deferred tax (benefit) expense (1 633) 119 (633) Other adjustments, net 349 (155) (794) Changes in operating assets and liabilities (Increase) decrease in trade receivables (5 948) 3 898 1 054 Decrease in advances paid 4 448 12 579 16 169 Decrease in inventory 11 470 13 339 6 909 Decrease (increase) in other receivables and other current assets 4 084 Decrease in other non-current receivables 893 485 529 (Decrease) increase in trade accounts payable (9 161) (4 173) 3 432 Increase (decrease) in tax related liabilities 3 072 (1 603) 392 Increase (decrease) in other current payables 106 (3 417) 596 Total net cash from operating activities 90 275 245 802 Cash flows from (used in) investing activities: Purchases of long-lived assets ( ( Proceeds from sale of property, plant and equipment 2 344 831 3 504 Acquisitions of subsidiaries, net of cash acquired (Note 14) (2 226) Investments in joint venture (4 581) - - Issuance of short-term loans and placing of deposits (326) (6 057) (5 934) Repayment of short-term loans issued and redemption of deposits 1 922 ●    42 492 43 568 Other investing activities (31) - 28 Total net cash used in investing activities ( () UNAUDITED CONDENSED CONSOLIDATED CASH FLOW STATEMENT		31 December 2011 US unaudited condensed consolidated balance sheet As of 30 JUNE 2012 30 June 2012 US$000 31 December 2011 US$000 (as adjusted)* ASSETS Current assets: Cash and cash equivalents 30 061 28 247 Trade receivables, net of allowance for doubtful accounts of 4 931 and of 5 150 as of 30 June 2012 and 31 December 2011, respectively 78 808 77 623 Advances paid, net of allowance for doubtful accounts of 2 335 and of 2 845 as of 30 June 2012 and 31 December 2011, respectively 21 411 26 001 Inventory Short-term deposits in banks 914 931 Deferred tax assets 4 106 4 186 Other receivables, net of allowance for doubtful accounts of 2 396 and of 2 769 as of 30 June 2012 and 31 December 2011, respectively 23 738 20 964 Other current assets 38 031 46 490 Total current assets 389 512 Non-current assets: Property, plant and equipment, net 1 238 026 1  Goodwill 17 078 17 407 Other intangible assets, net 40 925 41 597 Deferred tax assets 4 953 5 049 Notes receivable, net 1 495 1 497 Investments in joint venture 4 751 - Other non-current receivables 5 203 3 892 Total non-current assets 1  1  Total assets 1 701 943 1  unaudited condensed consolidated balance sheet As of 30 JUNE 2012 (continued) 30 June 2012 US$000 31 December 2011 US$000 (as adjusted)* LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Trade accounts payable 78 683 88 173 Short-term borrowings 203 765 Tax related liabilities 14 960 11 676 Deferred tax liabilities 91 93 Payroll related liabilities 20 282 17 769 Advances received 3 246 7 552 Payables for non-current assets 11 418 10 092 Interest payable 708 1 082 Other payables and accruals 5 812 7 724 Total current liabilities Non-current liabilities: Long-term borrowings 490 556 Deferred tax liabilities 34 360 36 362 Tax related liabilities 2 525 2 576 Payables to shareholders 416 463 Other liabilities 1 921 2 095 Total non-current liabilities Equity: Share capital 15 15 Additional paid-in capital Treasury shares Other accumulated comprehensive loss ( ( Retained earnings Total shareholders' equity Non-controlling interests 31 880 30 114 Total equity 833 200 Total liabilities and equity 1  1  APPENDIX IV: unaudited condensed consolidated interim cash flow statement For the SIX months ended 30 JUNE 2012 Six months ended 30 June 2012 US$000 Six months ended 30 June 2011 US$000 (as adjusted)* Year ended 31 December 2011 US$000 (as adjusted)* Cash flows from (used in) operating activities: Net income 99 378 67 160 Adjustments to reconcile net income to net cash from operating activities: Depreciation and amortisation 38 506 30 050 66 635 Bad debt expense 1 242 1 261 3 182 Uncollectible subsidies - - 4 804 Impairment of assets - - 3 395 Foreign exchange loss 225 914 3 601 Deferred tax (benefit) expense (1 633) 119 (633) Other adjustments, net 349 (155) (794) Changes in operating assets and liabilities (Increase) decrease in trade receivables (5 948) 3 898 1 054 Decrease in advances paid 4 448 12 579 16 169 Decrease in inventory 11 470 13 339 6 909 Decrease (increase) in other receivables and other current assets 4 084 Decrease in other non-current receivables 893 485 529 (Decrease) increase in trade accounts payable (9 161) (4 173) 3 432 Increase (decrease) in tax related liabilities 3 072 (1 603) 392 Increase (decrease) in other current payables 106 (3 417) 596 Total net cash from operating activities 90 275 245 802 Cash flows from (used in) investing activities: Purchases of long-lived assets ( ( Proceeds from sale of property, plant and equipment 2 344 831 3 504 Acquisitions of subsidiaries, net of cash acquired (Note 14) (2 226) Investments in joint venture (4 581) - - Issuance of short-term loans and placing of deposits (326) (6 057) (5 934) Repayment of short-term loans issued and redemption of deposits 1 922 ●    42 492 43 568 Other investing activities (31) - 28 Total net cash used in investing activities ( () UNAUDITED CONDENSED CONSOLIDATED CASH FLOW STATEMENT (as adjusted)*
ASSETS
Current assets:
Cash and cash equivalents	30 061		28 247
Trade receivables, net of allowance for doubtful accounts of 4 931 and of 5 150 as of 30 June 2012 and 31 December 2011, respectively	78 808		77 623
Advances paid, net of allowance for doubtful accounts of 2 335 and of 2 845 as of 30 June 2012 and 31 December 2011, respectively	21 411		26 001
Inventory
Short-term deposits in banks	914		931
Deferred tax assets	4 106		4 186
Other receivables, net of allowance for doubtful accounts of 2 396 and of 2 769 as of 30 June 2012 and 31 December 2011, respectively	23 738		20 964
Other current assets	38 031		46 490
Total current assets	389 512
Non-current assets:
Property, plant and equipment, net	1 238 026		1
Goodwill	17 078		17 407
Other intangible assets, net	40 925		41 597
Deferred tax assets	4 953		5 049
Notes receivable, net	1 495		1 497
Investments in joint venture	4 751		-
Other non-current receivables	5 203		3 892
Total non-current assets	1		1
Total assets	1 701 943		1

unaudited condensed consolidated balance sheet

As of 30 JUNE 2012 (continued)

	30 June 2012 US unaudited condensed consolidated balance sheet As of 30 JUNE 2012 30 June 2012 US$000 31 December 2011 US$000 (as adjusted)* ASSETS Current assets: Cash and cash equivalents 30 061 28 247 Trade receivables, net of allowance for doubtful accounts of 4 931 and of 5 150 as of 30 June 2012 and 31 December 2011, respectively 78 808 77 623 Advances paid, net of allowance for doubtful accounts of 2 335 and of 2 845 as of 30 June 2012 and 31 December 2011, respectively 21 411 26 001 Inventory Short-term deposits in banks 914 931 Deferred tax assets 4 106 4 186 Other receivables, net of allowance for doubtful accounts of 2 396 and of 2 769 as of 30 June 2012 and 31 December 2011, respectively 23 738 20 964 Other current assets 38 031 46 490 Total current assets 389 512 Non-current assets: Property, plant and equipment, net 1 238 026 1  Goodwill 17 078 17 407 Other intangible assets, net 40 925 41 597 Deferred tax assets 4 953 5 049 Notes receivable, net 1 495 1 497 Investments in joint venture 4 751 - Other non-current receivables 5 203 3 892 Total non-current assets 1  1  Total assets 1 701 943 1  unaudited condensed consolidated balance sheet As of 30 JUNE 2012 (continued) 30 June 2012 US$000 31 December 2011 US$000 (as adjusted)* LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Trade accounts payable 78 683 88 173 Short-term borrowings 203 765 Tax related liabilities 14 960 11 676 Deferred tax liabilities 91 93 Payroll related liabilities 20 282 17 769 Advances received 3 246 7 552 Payables for non-current assets 11 418 10 092 Interest payable 708 1 082 Other payables and accruals 5 812 7 724 Total current liabilities Non-current liabilities: Long-term borrowings 490 556 Deferred tax liabilities 34 360 36 362 Tax related liabilities 2 525 2 576 Payables to shareholders 416 463 Other liabilities 1 921 2 095 Total non-current liabilities Equity: Share capital 15 15 Additional paid-in capital Treasury shares Other accumulated comprehensive loss ( ( Retained earnings Total shareholders' equity Non-controlling interests 31 880 30 114 Total equity 833 200 Total liabilities and equity 1  1  APPENDIX IV: unaudited condensed consolidated interim cash flow statement For the SIX months ended 30 JUNE 2012 Six months ended 30 June 2012 US$000 Six months ended 30 June 2011 US$000 (as adjusted)* Year ended 31 December 2011 US$000 (as adjusted)* Cash flows from (used in) operating activities: Net income 99 378 67 160 Adjustments to reconcile net income to net cash from operating activities: Depreciation and amortisation 38 506 30 050 66 635 Bad debt expense 1 242 1 261 3 182 Uncollectible subsidies - - 4 804 Impairment of assets - - 3 395 Foreign exchange loss 225 914 3 601 Deferred tax (benefit) expense (1 633) 119 (633) Other adjustments, net 349 (155) (794) Changes in operating assets and liabilities (Increase) decrease in trade receivables (5 948) 3 898 1 054 Decrease in advances paid 4 448 12 579 16 169 Decrease in inventory 11 470 13 339 6 909 Decrease (increase) in other receivables and other current assets 4 084 Decrease in other non-current receivables 893 485 529 (Decrease) increase in trade accounts payable (9 161) (4 173) 3 432 Increase (decrease) in tax related liabilities 3 072 (1 603) 392 Increase (decrease) in other current payables 106 (3 417) 596 Total net cash from operating activities 90 275 245 802 Cash flows from (used in) investing activities: Purchases of long-lived assets ( ( Proceeds from sale of property, plant and equipment 2 344 831 3 504 Acquisitions of subsidiaries, net of cash acquired (Note 14) (2 226) Investments in joint venture (4 581) - - Issuance of short-term loans and placing of deposits (326) (6 057) (5 934) Repayment of short-term loans issued and redemption of deposits 1 922 ●    42 492 43 568 Other investing activities (31) - 28 Total net cash used in investing activities ( () UNAUDITED CONDENSED CONSOLIDATED CASH FLOW STATEMENT		31 December 2011 US unaudited condensed consolidated balance sheet As of 30 JUNE 2012 30 June 2012 US$000 31 December 2011 US$000 (as adjusted)* ASSETS Current assets: Cash and cash equivalents 30 061 28 247 Trade receivables, net of allowance for doubtful accounts of 4 931 and of 5 150 as of 30 June 2012 and 31 December 2011, respectively 78 808 77 623 Advances paid, net of allowance for doubtful accounts of 2 335 and of 2 845 as of 30 June 2012 and 31 December 2011, respectively 21 411 26 001 Inventory Short-term deposits in banks 914 931 Deferred tax assets 4 106 4 186 Other receivables, net of allowance for doubtful accounts of 2 396 and of 2 769 as of 30 June 2012 and 31 December 2011, respectively 23 738 20 964 Other current assets 38 031 46 490 Total current assets 389 512 Non-current assets: Property, plant and equipment, net 1 238 026 1  Goodwill 17 078 17 407 Other intangible assets, net 40 925 41 597 Deferred tax assets 4 953 5 049 Notes receivable, net 1 495 1 497 Investments in joint venture 4 751 - Other non-current receivables 5 203 3 892 Total non-current assets 1  1  Total assets 1 701 943 1  unaudited condensed consolidated balance sheet As of 30 JUNE 2012 (continued) 30 June 2012 US$000 31 December 2011 US$000 (as adjusted)* LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Trade accounts payable 78 683 88 173 Short-term borrowings 203 765 Tax related liabilities 14 960 11 676 Deferred tax liabilities 91 93 Payroll related liabilities 20 282 17 769 Advances received 3 246 7 552 Payables for non-current assets 11 418 10 092 Interest payable 708 1 082 Other payables and accruals 5 812 7 724 Total current liabilities Non-current liabilities: Long-term borrowings 490 556 Deferred tax liabilities 34 360 36 362 Tax related liabilities 2 525 2 576 Payables to shareholders 416 463 Other liabilities 1 921 2 095 Total non-current liabilities Equity: Share capital 15 15 Additional paid-in capital Treasury shares Other accumulated comprehensive loss ( ( Retained earnings Total shareholders' equity Non-controlling interests 31 880 30 114 Total equity 833 200 Total liabilities and equity 1  1  APPENDIX IV: unaudited condensed consolidated interim cash flow statement For the SIX months ended 30 JUNE 2012 Six months ended 30 June 2012 US$000 Six months ended 30 June 2011 US$000 (as adjusted)* Year ended 31 December 2011 US$000 (as adjusted)* Cash flows from (used in) operating activities: Net income 99 378 67 160 Adjustments to reconcile net income to net cash from operating activities: Depreciation and amortisation 38 506 30 050 66 635 Bad debt expense 1 242 1 261 3 182 Uncollectible subsidies - - 4 804 Impairment of assets - - 3 395 Foreign exchange loss 225 914 3 601 Deferred tax (benefit) expense (1 633) 119 (633) Other adjustments, net 349 (155) (794) Changes in operating assets and liabilities (Increase) decrease in trade receivables (5 948) 3 898 1 054 Decrease in advances paid 4 448 12 579 16 169 Decrease in inventory 11 470 13 339 6 909 Decrease (increase) in other receivables and other current assets 4 084 Decrease in other non-current receivables 893 485 529 (Decrease) increase in trade accounts payable (9 161) (4 173) 3 432 Increase (decrease) in tax related liabilities 3 072 (1 603) 392 Increase (decrease) in other current payables 106 (3 417) 596 Total net cash from operating activities 90 275 245 802 Cash flows from (used in) investing activities: Purchases of long-lived assets ( ( Proceeds from sale of property, plant and equipment 2 344 831 3 504 Acquisitions of subsidiaries, net of cash acquired (Note 14) (2 226) Investments in joint venture (4 581) - - Issuance of short-term loans and placing of deposits (326) (6 057) (5 934) Repayment of short-term loans issued and redemption of deposits 1 922 ●    42 492 43 568 Other investing activities (31) - 28 Total net cash used in investing activities ( () UNAUDITED CONDENSED CONSOLIDATED CASH FLOW STATEMENT (as adjusted)*
LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Trade accounts payable	78 683		88 173
Short-term borrowings	203 765
Tax related liabilities	14 960		11 676
Deferred tax liabilities	91		93
Payroll related liabilities	20 282		17 769
Advances received	3 246		7 552
Payables for non-current assets	11 418		10 092
Interest payable	708		1 082
Other payables and accruals	5 812		7 724
Total current liabilities
Non-current liabilities:
Long-term borrowings	490 556
Deferred tax liabilities	34 360		36 362
Tax related liabilities	2 525		2 576
Payables to shareholders	416		463
Other liabilities	1 921		2 095
Total non-current liabilities
Equity:
Share capital	15		15
Additional paid-in capital
Treasury shares
Other accumulated comprehensive loss	(		(
Retained earnings
Total shareholders' equity
Non-controlling interests	31 880		30 114
Total equity	833 200
Total liabilities and equity	1		1

APPENDIX IV:

unaudited condensed consolidated interim cash flow statement

For the SIX months ended 30 JUNE 2012

	Six months ended 30 June 2012 US unaudited condensed consolidated balance sheet As of 30 JUNE 2012 30 June 2012 US$000 31 December 2011 US$000 (as adjusted)* ASSETS Current assets: Cash and cash equivalents 30 061 28 247 Trade receivables, net of allowance for doubtful accounts of 4 931 and of 5 150 as of 30 June 2012 and 31 December 2011, respectively 78 808 77 623 Advances paid, net of allowance for doubtful accounts of 2 335 and of 2 845 as of 30 June 2012 and 31 December 2011, respectively 21 411 26 001 Inventory Short-term deposits in banks 914 931 Deferred tax assets 4 106 4 186 Other receivables, net of allowance for doubtful accounts of 2 396 and of 2 769 as of 30 June 2012 and 31 December 2011, respectively 23 738 20 964 Other current assets 38 031 46 490 Total current assets 389 512 Non-current assets: Property, plant and equipment, net 1 238 026 1  Goodwill 17 078 17 407 Other intangible assets, net 40 925 41 597 Deferred tax assets 4 953 5 049 Notes receivable, net 1 495 1 497 Investments in joint venture 4 751 - Other non-current receivables 5 203 3 892 Total non-current assets 1  1  Total assets 1 701 943 1  unaudited condensed consolidated balance sheet As of 30 JUNE 2012 (continued) 30 June 2012 US$000 31 December 2011 US$000 (as adjusted)* LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Trade accounts payable 78 683 88 173 Short-term borrowings 203 765 Tax related liabilities 14 960 11 676 Deferred tax liabilities 91 93 Payroll related liabilities 20 282 17 769 Advances received 3 246 7 552 Payables for non-current assets 11 418 10 092 Interest payable 708 1 082 Other payables and accruals 5 812 7 724 Total current liabilities Non-current liabilities: Long-term borrowings 490 556 Deferred tax liabilities 34 360 36 362 Tax related liabilities 2 525 2 576 Payables to shareholders 416 463 Other liabilities 1 921 2 095 Total non-current liabilities Equity: Share capital 15 15 Additional paid-in capital Treasury shares Other accumulated comprehensive loss ( ( Retained earnings Total shareholders' equity Non-controlling interests 31 880 30 114 Total equity 833 200 Total liabilities and equity 1  1  APPENDIX IV: unaudited condensed consolidated interim cash flow statement For the SIX months ended 30 JUNE 2012 Six months ended 30 June 2012 US$000 Six months ended 30 June 2011 US$000 (as adjusted)* Year ended 31 December 2011 US$000 (as adjusted)* Cash flows from (used in) operating activities: Net income 99 378 67 160 Adjustments to reconcile net income to net cash from operating activities: Depreciation and amortisation 38 506 30 050 66 635 Bad debt expense 1 242 1 261 3 182 Uncollectible subsidies - - 4 804 Impairment of assets - - 3 395 Foreign exchange loss 225 914 3 601 Deferred tax (benefit) expense (1 633) 119 (633) Other adjustments, net 349 (155) (794) Changes in operating assets and liabilities (Increase) decrease in trade receivables (5 948) 3 898 1 054 Decrease in advances paid 4 448 12 579 16 169 Decrease in inventory 11 470 13 339 6 909 Decrease (increase) in other receivables and other current assets 4 084 Decrease in other non-current receivables 893 485 529 (Decrease) increase in trade accounts payable (9 161) (4 173) 3 432 Increase (decrease) in tax related liabilities 3 072 (1 603) 392 Increase (decrease) in other current payables 106 (3 417) 596 Total net cash from operating activities 90 275 245 802 Cash flows from (used in) investing activities: Purchases of long-lived assets ( ( Proceeds from sale of property, plant and equipment 2 344 831 3 504 Acquisitions of subsidiaries, net of cash acquired (Note 14) (2 226) Investments in joint venture (4 581) - - Issuance of short-term loans and placing of deposits (326) (6 057) (5 934) Repayment of short-term loans issued and redemption of deposits 1 922 ●    42 492 43 568 Other investing activities (31) - 28 Total net cash used in investing activities ( () UNAUDITED CONDENSED CONSOLIDATED CASH FLOW STATEMENT		Six months ended 30 June 2011 US unaudited condensed consolidated balance sheet As of 30 JUNE 2012 30 June 2012 US$000 31 December 2011 US$000 (as adjusted)* ASSETS Current assets: Cash and cash equivalents 30 061 28 247 Trade receivables, net of allowance for doubtful accounts of 4 931 and of 5 150 as of 30 June 2012 and 31 December 2011, respectively 78 808 77 623 Advances paid, net of allowance for doubtful accounts of 2 335 and of 2 845 as of 30 June 2012 and 31 December 2011, respectively 21 411 26 001 Inventory Short-term deposits in banks 914 931 Deferred tax assets 4 106 4 186 Other receivables, net of allowance for doubtful accounts of 2 396 and of 2 769 as of 30 June 2012 and 31 December 2011, respectively 23 738 20 964 Other current assets 38 031 46 490 Total current assets 389 512 Non-current assets: Property, plant and equipment, net 1 238 026 1  Goodwill 17 078 17 407 Other intangible assets, net 40 925 41 597 Deferred tax assets 4 953 5 049 Notes receivable, net 1 495 1 497 Investments in joint venture 4 751 - Other non-current receivables 5 203 3 892 Total non-current assets 1  1  Total assets 1 701 943 1  unaudited condensed consolidated balance sheet As of 30 JUNE 2012 (continued) 30 June 2012 US$000 31 December 2011 US$000 (as adjusted)* LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Trade accounts payable 78 683 88 173 Short-term borrowings 203 765 Tax related liabilities 14 960 11 676 Deferred tax liabilities 91 93 Payroll related liabilities 20 282 17 769 Advances received 3 246 7 552 Payables for non-current assets 11 418 10 092 Interest payable 708 1 082 Other payables and accruals 5 812 7 724 Total current liabilities Non-current liabilities: Long-term borrowings 490 556 Deferred tax liabilities 34 360 36 362 Tax related liabilities 2 525 2 576 Payables to shareholders 416 463 Other liabilities 1 921 2 095 Total non-current liabilities Equity: Share capital 15 15 Additional paid-in capital Treasury shares Other accumulated comprehensive loss ( ( Retained earnings Total shareholders' equity Non-controlling interests 31 880 30 114 Total equity 833 200 Total liabilities and equity 1  1  APPENDIX IV: unaudited condensed consolidated interim cash flow statement For the SIX months ended 30 JUNE 2012 Six months ended 30 June 2012 US$000 Six months ended 30 June 2011 US$000 (as adjusted)* Year ended 31 December 2011 US$000 (as adjusted)* Cash flows from (used in) operating activities: Net income 99 378 67 160 Adjustments to reconcile net income to net cash from operating activities: Depreciation and amortisation 38 506 30 050 66 635 Bad debt expense 1 242 1 261 3 182 Uncollectible subsidies - - 4 804 Impairment of assets - - 3 395 Foreign exchange loss 225 914 3 601 Deferred tax (benefit) expense (1 633) 119 (633) Other adjustments, net 349 (155) (794) Changes in operating assets and liabilities (Increase) decrease in trade receivables (5 948) 3 898 1 054 Decrease in advances paid 4 448 12 579 16 169 Decrease in inventory 11 470 13 339 6 909 Decrease (increase) in other receivables and other current assets 4 084 Decrease in other non-current receivables 893 485 529 (Decrease) increase in trade accounts payable (9 161) (4 173) 3 432 Increase (decrease) in tax related liabilities 3 072 (1 603) 392 Increase (decrease) in other current payables 106 (3 417) 596 Total net cash from operating activities 90 275 245 802 Cash flows from (used in) investing activities: Purchases of long-lived assets ( ( Proceeds from sale of property, plant and equipment 2 344 831 3 504 Acquisitions of subsidiaries, net of cash acquired (Note 14) (2 226) Investments in joint venture (4 581) - - Issuance of short-term loans and placing of deposits (326) (6 057) (5 934) Repayment of short-term loans issued and redemption of deposits 1 922 ●    42 492 43 568 Other investing activities (31) - 28 Total net cash used in investing activities ( () UNAUDITED CONDENSED CONSOLIDATED CASH FLOW STATEMENT (as adjusted)*		Year ended 31 December 2011 US unaudited condensed consolidated balance sheet As of 30 JUNE 2012 30 June 2012 US$000 31 December 2011 US$000 (as adjusted)* ASSETS Current assets: Cash and cash equivalents 30 061 28 247 Trade receivables, net of allowance for doubtful accounts of 4 931 and of 5 150 as of 30 June 2012 and 31 December 2011, respectively 78 808 77 623 Advances paid, net of allowance for doubtful accounts of 2 335 and of 2 845 as of 30 June 2012 and 31 December 2011, respectively 21 411 26 001 Inventory Short-term deposits in banks 914 931 Deferred tax assets 4 106 4 186 Other receivables, net of allowance for doubtful accounts of 2 396 and of 2 769 as of 30 June 2012 and 31 December 2011, respectively 23 738 20 964 Other current assets 38 031 46 490 Total current assets 389 512 Non-current assets: Property, plant and equipment, net 1 238 026 1  Goodwill 17 078 17 407 Other intangible assets, net 40 925 41 597 Deferred tax assets 4 953 5 049 Notes receivable, net 1 495 1 497 Investments in joint venture 4 751 - Other non-current receivables 5 203 3 892 Total non-current assets 1  1  Total assets 1 701 943 1  unaudited condensed consolidated balance sheet As of 30 JUNE 2012 (continued) 30 June 2012 US$000 31 December 2011 US$000 (as adjusted)* LIABILITIES AND SHAREHOLDERS’ EQUITY Current liabilities: Trade accounts payable 78 683 88 173 Short-term borrowings 203 765 Tax related liabilities 14 960 11 676 Deferred tax liabilities 91 93 Payroll related liabilities 20 282 17 769 Advances received 3 246 7 552 Payables for non-current assets 11 418 10 092 Interest payable 708 1 082 Other payables and accruals 5 812 7 724 Total current liabilities Non-current liabilities: Long-term borrowings 490 556 Deferred tax liabilities 34 360 36 362 Tax related liabilities 2 525 2 576 Payables to shareholders 416 463 Other liabilities 1 921 2 095 Total non-current liabilities Equity: Share capital 15 15 Additional paid-in capital Treasury shares Other accumulated comprehensive loss ( ( Retained earnings Total shareholders' equity Non-controlling interests 31 880 30 114 Total equity 833 200 Total liabilities and equity 1  1  APPENDIX IV: unaudited condensed consolidated interim cash flow statement For the SIX months ended 30 JUNE 2012 Six months ended 30 June 2012 US$000 Six months ended 30 June 2011 US$000 (as adjusted)* Year ended 31 December 2011 US$000 (as adjusted)* Cash flows from (used in) operating activities: Net income 99 378 67 160 Adjustments to reconcile net income to net cash from operating activities: Depreciation and amortisation 38 506 30 050 66 635 Bad debt expense 1 242 1 261 3 182 Uncollectible subsidies - - 4 804 Impairment of assets - - 3 395 Foreign exchange loss 225 914 3 601 Deferred tax (benefit) expense (1 633) 119 (633) Other adjustments, net 349 (155) (794) Changes in operating assets and liabilities (Increase) decrease in trade receivables (5 948) 3 898 1 054 Decrease in advances paid 4 448 12 579 16 169 Decrease in inventory 11 470 13 339 6 909 Decrease (increase) in other receivables and other current assets 4 084 Decrease in other non-current receivables 893 485 529 (Decrease) increase in trade accounts payable (9 161) (4 173) 3 432 Increase (decrease) in tax related liabilities 3 072 (1 603) 392 Increase (decrease) in other current payables 106 (3 417) 596 Total net cash from operating activities 90 275 245 802 Cash flows from (used in) investing activities: Purchases of long-lived assets ( ( Proceeds from sale of property, plant and equipment 2 344 831 3 504 Acquisitions of subsidiaries, net of cash acquired (Note 14) (2 226) Investments in joint venture (4 581) - - Issuance of short-term loans and placing of deposits (326) (6 057) (5 934) Repayment of short-term loans issued and redemption of deposits 1 922 ●    42 492 43 568 Other investing activities (31) - 28 Total net cash used in investing activities ( () UNAUDITED CONDENSED CONSOLIDATED CASH FLOW STATEMENT (as adjusted)*
Cash flows from (used in) operating activities:
Net income	99 378		67 160
Adjustments to reconcile net income to net cash from operating activities:
Depreciation and amortisation	38 506		30 050		66 635
Bad debt expense	1 242		1 261		3 182
Uncollectible subsidies	-		-		4 804
Impairment of assets	-		-		3 395
Foreign exchange loss	225		914		3 601
Deferred tax (benefit) expense	(1 633)		119		(633)
Other adjustments, net	349		(155)		(794)
Changes in operating assets and liabilities
(Increase) decrease in trade receivables	(5 948)		3 898		1 054
Decrease in advances paid	4 448		12 579		16 169
Decrease in inventory	11 470		13 339		6 909
Decrease (increase) in other receivables and other current assets	4 084
Decrease in other non-current receivables	893		485		529
(Decrease) increase in trade accounts payable	(9 161)		(4 173)		3 432
Increase (decrease) in tax related liabilities	3 072		(1 603)		392
Increase (decrease) in other current payables	106		(3 417)		596
Total net cash from operating activities			90 275		245 802
Cash flows from (used in) investing activities:
Purchases of long-lived assets			(		(
Proceeds from sale of property, plant and equipment	2 344		831		3 504
Acquisitions of subsidiaries, net of cash acquired (Note 14)	(2 226)
Investments in joint venture	(4 581)		-		-
Issuance of short-term loans and placing of deposits	(326)		(6 057)		(5 934)
Repayment of short-term loans issued and redemption of deposits	1 922	●	42 492		43 568
Other investing activities	(31)		-		28
Total net cash used in investing activities			(		()

UNAUDITED CONDENSED CONSOLIDATED CASH FLOW STATEMENT