China Precision Steel Inc (CPSL) Financial Statements (2024 and earlier)

Company Profile

Business Address 8TH FLOOR, TEDA BUILDING
HONG KONG, 000
State of Incorp. CO
Fiscal Year End June 30
Industry (SIC) 3312 - Steel Works, Blast Furnaces (Including Coke Ovens), and Rolling Mills (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

6/30/2014
6/30/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments75
Cash and cash equivalents75
Receivables94
Inventory, net of allowances, customer advances and progress billings15,837
Inventory15,837
Prepaid expense468
Advances on inventory purchases9,305
Other undisclosed current assets30,522
Total current assets:56,301
Noncurrent Assets
Property, plant and equipment61,367
Intangible assets, net (including goodwill)2,004
Goodwill100
Intangible assets, net (excluding goodwill)1,904
Other undisclosed noncurrent assets256
Total noncurrent assets:63,626
TOTAL ASSETS:119,928
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:7,044
Taxes payable14,289
Other undisclosed accounts payable and accrued liabilities(7,245)
Debt44,229
Customer advances and deposits
Other undisclosed current liabilities15,745
Total current liabilities:67,018
Noncurrent Liabilities
Total liabilities:67,018
Equity
Equity, attributable to parent52,910
Common stock4
Additional paid in capital75,685
Accumulated other comprehensive income22,076
Accumulated deficit(44,855)
Total equity:52,910
TOTAL LIABILITIES AND EQUITY:119,928

Income Statement (P&L) ($ in thousands)

6/30/2014
6/30/2013
Revenues
(Revenue, Net)
36,528
Cost of revenue
(Cost of Goods and Services Sold)
(48,301)
Gross profit:(11,774)
Operating expenses(58,393)
Operating loss:(70,167)
Nonoperating income1,227
Interest and debt expense(3,557)
Loss from continuing operations before equity method investments, income taxes:(72,496)
Other undisclosed income from continuing operations before income taxes3,557
Loss from continuing operations before income taxes:(68,939)
Income tax benefit 
Loss from continuing operations:(68,939)
Loss before gain (loss) on sale of properties:(68,939)
Net loss available to common stockholders, diluted:(68,939)

Comprehensive Income ($ in thousands)

6/30/2014
6/30/2013
Net loss:(68,939)
Comprehensive loss:(68,939)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent2,979
Comprehensive loss, net of tax, attributable to parent:(65,961)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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