Sino Agro Food, Inc. (SIAF) Financial Statements (2023 and earlier)

Company Profile

Business Address ROOM 3520, BLOCK A, CHINA SHINE PLAZA,
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 09 - Fishing, hunting, and trapping (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

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

Current Assets
Cash, cash equivalents, and short-term investments1861864,9515602,576
Cash and cash equivalents1861864,9515602,576
Inventory, net of allowances, customer advances and progress billings  54,58252,62962,592
Inventory  54,58252,62962,592
Prepaid expense    5,007
Capitalized contract cost 251 
Advances on inventory purchases13,1411,060   
Costs in excess of billings1,249741
Other current assets 2,6322,6252,6212,574
Other undisclosed current assets326,44049,86767,83977,265
Total current assets:128,072224,662241,985228,550320,788
Noncurrent Assets
Property, plant and equipment97,880103,064296,975307,874278,558
Other noncurrent assets239,388274,645251,643238,498166,315
Other undisclosed noncurrent assets52,48251,033   
Total noncurrent assets:389,750428,742548,618546,373444,873
TOTAL ASSETS:517,822653,404790,603774,922765,661
Current Liabilities
Accounts payable and accrued liabilities, including:2,6652,5918,2804,2438,789
Taxes payable   01
Other undisclosed accounts payable and accrued liabilities2,6652,5918,2804,2438,788
Debt  4,8084,7443,996
Derivative instruments and hedges, liabilities  22 
Due to related parties1,9851,1662,0461072,070
Billings in excess of cost5,7402,631
Other liabilities36,54235,36342,52440,5935,962
Other undisclosed current liabilities 5,3879,0254,7961
Total current liabilities:41,19344,50666,68660,22723,450
Noncurrent Liabilities
Long-term debt and lease obligation  5,5376,0455,766
Long-term debt, excluding current maturities  5,5376,0455,766
Liabilities, other than long-term debt 7,1527,79311,09011,192
Due to related parties 7,1527,79311,09011,192
Other undisclosed noncurrent liabilities    21,315
Total noncurrent liabilities: 7,15213,33017,13538,273
Total liabilities:41,19351,65780,01677,36261,723
Stockholders' equity
Stockholders' equity attributable to parent, including:395,885521,835628,697612,358604,771
Common stock6052502923
Treasury stock, value(1,250)(1,250)(1,250)(1,250)(1,250)
Additional paid in capital135,664133,576181,501169,744155,741
Accumulated other comprehensive income (loss)(54,998) (10,416)2,346(4,335)
Retained earnings316,408448,470458,812441,489454,593
Other undisclosed stockholders' equity attributable to parent (59,012)   
Stockholders' equity attributable to noncontrolling interest80,74479,91181,89085,20399,167
Total stockholders' equity:476,629601,747710,587697,561703,938
TOTAL LIABILITIES AND EQUITY:517,822653,404790,603774,922765,661

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

Revenue, net198,167341,897
Cost of revenue
(Cost of Goods and Services Sold)
Other undisclosed gross profit(2,325)(114,992)(120,019)  
Gross profit:7,56820,60621,65219,62683,937
Operating expenses(5,954)(13,452)(15,595)(19,780)(17,197)
Operating income (loss):1,6147,1556,057(154)66,740
Nonoperating income (expense)(132,682)(18,560)9,747(29,949)(1,905)
Other nonoperating income (expense) (22,599)(4,609)(10,718)318
Interest and debt expense(6,225)(404)(601)(6,225)(4,011)
Other undisclosed income from continuing operations before equity method investments, income taxes6,2254046016,225 
Income (loss) from continuing operations before equity method investments, income taxes:(131,069)(11,406)15,804(30,103)60,824
Income (loss) from equity method investments(28,190)7,537   
Other undisclosed income from continuing operations before income taxes    4,011
Income (loss) from continuing operations before income taxes:(159,258)(3,868)15,804(30,103)64,835
Income tax expense   (2)(1)
Income (loss) from continuing operations:(159,258)(3,868)15,804(30,105)64,834
Income from discontinued operations    14,869
Income (loss) before gain (loss) on sale of properties:(159,258)(3,868)15,804(30,105)79,703
Other undisclosed net income (loss)28,190(7,537)   
Net income (loss):(131,069)(11,406)15,804(30,105)79,703
Other undisclosed net income (loss) attributable to parent(992)1,0631,51917,00035,273
Net income (loss) available to common stockholders, basic:(132,061)(10,342)17,323(13,104)114,976
Interest on convertible debt    894
Net income (loss) available to common stockholders, diluted:(132,061)(10,342)17,323(13,104)115,870

Comprehensive Income ($ in thousands)

Net income (loss):(131,069)(11,406)15,804(30,105)79,703
Other undisclosed comprehensive income (loss)(1,428)4,480(13,036)29,78227,697
Comprehensive income (loss):(132,496)(6,926)2,768(322)107,399
Comprehensive income (loss), net of tax, attributable to noncontrolling interest1609161,793(5,602)1,657
Comprehensive income (loss), net of tax, attributable to parent:(132,336)(6,010)4,561(5,924)109,057

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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