HONGKONG CHARTER INTERNATIONAL GROUP LIMITED
(PARENT ONLY)
CONDENSED BALANCE SHEET
AS OF SEPTEMBER 30, 2010
(UNAUDITED)
ASSETS | ||||
Cash and cash equivalents | $ | 16,518 | ||
Long-term investments | 175,858 | |||
Total assets | $ | 192,376 | ||
SHAREHOLDERS' LIABILITIES AND EQUITY | ||||
Total liabilities | $ | - | ||
Stockholders' equity: | ||||
Commom Stock, $0.129 par value, 10,000 shares authorized, | ||||
1,000 shares issued and outstanding at September 30, 2010 | $ | 129 | ||
Additional paid in capital | 144,568 | |||
Retained earnings | 47,679 | |||
Total shareholders' equity | $ | 192,376 | ||
Total liabilities and stockholders' equity | $ | 192,376 |
HONGKONG CHARTER INTERNATIONAL GROUP LIMITED
(PARENT ONLY)
CONDENSED STATEMENTS OF OPERATIONS
FOR THREE MONTHS ENDED SEPTEMBER 30, 2010
(UNAUDITED)
Revenues | $ | - | ||
Cost of revenues | - | |||
Gross profit | - | |||
Operating expenses | ||||
Selling, general and administrative | - | |||
Financiall expenses | (129 | ) | ||
Income (loss) before income taxes(benefits) | (129 | ) | ||
Provision for income tax (benefits) | - | |||
Net income (loss) | (129 | ) |
HONGKONG CHARTER INTERNATIONAL GROUP LIMITED
(PARENT ONLY)
CONDENSED STATEMENTS OF CASH FLOWS
FOR THREE MONTHS ENDED SEPTEMBER 30, 2010
(UNAUDITED)
Cashflow from operating activities: | ||||
Net loss | $ | (129 | ) | |
Net cash (used) / provided from operating activities | (129 | ) | ||
Cash flow from investing activities | ||||
Return of equity interest investment in a subsidiary | 493 | |||
Net cash (used) / provided from investing activities | 493 | |||
Cash flow from financing activities | ||||
Cash contribution | - | |||
Investment in subsidiaries | - | |||
Net cash (used) / provided from financing activities | - | |||
Net increase / (decrease) in cash | 364 | |||
Cash and cash equivalents- Beginning of year | $ | 16,154 | ||
Cash and cash equivalent- End of year | $ | 16,518 | ||
Supplemental disclosures of cash flow information: | ||||
Interest paid | $ | - | ||
Income taxes paid | $ | - |