10-Q Filing

CHINA NUTRIFRUIT GROUP LTD CIK: 753224 Q1 2011

Filing Information

Form Type	10-Q
Accession Number	`0001204459-11-002235`
Period End Date	20110630
Filing Date	20110815
Fiscal Year	2011
Fiscal Period	Q1
XBRL Instance	cngl-20110630.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 74 Income Statement 36 Cash Flow Statement 50

Balance Sheet 74 line items

Line Item	Tag	Value	Unit	Period
Preferred Stock, Par Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock, Par Value Per Share	`PreferredStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Preferred Stock, Shares Authorized	`PreferredStockSharesAuthorized`	5.00M	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$35.99M	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	330,860.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$26.66M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$57.20M	USD	Point-in-time
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	330,860.00	shares	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$43.54M	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	330,860.00	shares	Point-in-time
Trade receivables, net of allowance	`AccountsReceivableNetCurrent`	$12.48M	USD	Point-in-time
Trade receivables, net of allowance	`AccountsReceivableNetCurrent`	$4.94M	USD	Point-in-time
Preferred Stock, Shares Outstanding	`PreferredStockSharesOutstanding`	330,860.00	shares	Point-in-time
Inventories, net	`InventoryNet`	$6.42M	USD	Point-in-time
Common Stock, Par Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Common Stock, Par Value Per Share	`CommonStockParOrStatedValuePerShare`	$0.00	USD	Point-in-time
Inventories, net	`InventoryNet`	$1.78M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	120.00M	shares	Point-in-time
Prepayments and deposits, Current	`PrepaidExpenseCurrent`	$6.58K	USD	Point-in-time
Prepayments and deposits, Current	`PrepaidExpenseCurrent`	$264.88K	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	120.00M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.55K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	36.92M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$1.53K	USD	Point-in-time
Common Stock, Shares, Issued	`CommonStockSharesIssued`	36.92M	shares	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	36.92M	shares	Point-in-time
Total current assets	`AssetsCurrent`	$62.70M	USD	Point-in-time
Total current assets	`AssetsCurrent`	$63.93M	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	36.92M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$20.07M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$20.31M	USD	Point-in-time
Prepayments and deposits	`PrepaidExpenseAndOtherAssetsNoncurrent`	$10.98M	USD	Point-in-time
Prepayments and deposits	`PrepaidExpenseAndOtherAssetsNoncurrent`	$14.79M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$7.41M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$5.92M	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$868.54K	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$909.88K	USD	Point-in-time
Land use rights, net	`LandUseRightsNet`	$189.22K	USD	Point-in-time
Land use rights, net	`LandUseRightsNet`	$188.20K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$101.01M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$107.26M	USD	Point-in-time
Other payables and accrued expenses	`OtherLiabilitiesCurrent`	$2.22M	USD	Point-in-time
Other payables and accrued expenses	`OtherLiabilitiesCurrent`	$3.31M	USD	Point-in-time
Bank borrowings	`ShortTermBankLoansAndNotesPayable`	$7.74M	USD	Point-in-time
Bank borrowings	`ShortTermBankLoansAndNotesPayable`	-	USD	Point-in-time
Due to a director	`DueToOfficersOrStockholdersCurrent`	$946.55K	USD	Point-in-time
Due to a director	`DueToOfficersOrStockholdersCurrent`	-	USD	Point-in-time
Trade payables	`AccountsPayableTradeCurrent`	$3.41K	USD	Point-in-time
Trade payables	`AccountsPayableTradeCurrent`	$130.28K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$868.50K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$3.35M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$10.83M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.74M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$7.74M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$10.83M	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Commitments and Contingencies	`CommitmentsAndContingencies`	-	USD	Point-in-time
Preferred stock Authorized: 5,000,000 shares, par value $0.001 Issued and outstanding: 330,860 shares as at June 30, 2011; (330,860 as at March 31, 2011)	`PreferredStockValue`	$331.00	USD	Point-in-time
Preferred stock Authorized: 5,000,000 shares, par value $0.001 Issued and outstanding: 330,860 shares as at June 30, 2011; (330,860 as at March 31, 2011)	`PreferredStockValue`	$331.00	USD	Point-in-time
Common stock Authorized: 120,000,000 shares, par value $0.001 Issued and outstanding: 36,915,762 shares as at June 30, (36,915,762 shares as at March 31, 2011)	`CommonStockValue`	$36.92K	USD	Point-in-time
Common stock Authorized: 120,000,000 shares, par value $0.001 Issued and outstanding: 36,915,762 shares as at June 30, (36,915,762 shares as at March 31, 2011)	`CommonStockValue`	$36.92K	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$36.49M	USD	Point-in-time
Additional paid-in-capital	`AdditionalPaidInCapital`	$36.49M	USD	Point-in-time
Statutory reserves - restricted	`StatutoryAccountingPracticesStatutoryCapitalAndSurplusBalance`	$6.85M	USD	Point-in-time
Statutory reserves - restricted	`StatutoryAccountingPracticesStatutoryCapitalAndSurplusBalance`	$6.85M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$3.95M	USD	Point-in-time
Accumulated other comprehensive income	`AccumulatedOtherComprehensiveIncomeLossNetOfTax`	$5.30M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$47.74M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$45.94M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$96.42M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$93.27M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$101.01M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$107.26M	USD	Point-in-time

Income Statement 36 line items

Line Item	Tag	Value	Unit	Period
Net sales	`Revenues`	$9.63M	USD	1 Quarter
Net sales	`Revenues`	$10.29M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$5.51M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$5.50M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.79M	USD	1 Quarter
Gross profit	`GrossProfit`	$4.12M	USD	1 Quarter
Selling expenses	`SellingExpense`	$584.51K	USD	1 Quarter
Selling expenses	`SellingExpense`	$410.32K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.67M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.11M	USD	1 Quarter
Operating earnings	`OperatingIncomeLoss`	$2.72M	USD	1 Quarter
Operating earnings	`OperatingIncomeLoss`	$2.43M	USD	1 Quarter
Interest expense	`InterestExpense`	-	USD	1 Quarter
Interest expense	`InterestExpense`	$56.17K	USD	1 Quarter
Other income	`OtherIncome`	$30.47K	USD	1 Quarter
Other income	`OtherIncome`	$61.00K	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$30.47K	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$4.83K	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.72M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.46M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$665.87K	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$922.52K	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$1.79M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$1.80M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$1.35M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$-68.85K	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$1.72M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$3.15M	USD	1 Quarter
EPS Basic	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
EPS Basic	`EarningsPerShareBasic`	$0.04	USD	1 Quarter
EPS Diluted	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
EPS Diluted	`EarningsPerShareDiluted`	$0.04	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	36.92M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	36.67M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	36.77M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	36.92M	shares	1 Quarter

Cash Flow Statement 50 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$1.79M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$1.80M	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$733.15K	USD	1 Quarter
Depreciation and amortization	`DepreciationAndAmortization`	$428.36K	USD	1 Quarter
Benefit for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$41.34K	USD	1 Quarter
Benefit for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$39.03K	USD	1 Quarter
Trade receivables, net	`IncreaseDecreaseInAccountsReceivable`	$-7.68M	USD	1 Quarter
Trade receivables, net	`IncreaseDecreaseInAccountsReceivable`	$-3.97M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-3.90M	USD	1 Quarter
Inventories	`IncreaseDecreaseInInventories`	$-4.71M	USD	1 Quarter
Prepayments and deposits	`IncreaseDecreaseInPrepaidExpense`	$-258.52K	USD	1 Quarter
Prepayments and deposits	`IncreaseDecreaseInPrepaidExpense`	$13.70M	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-45.53K	USD	1 Quarter
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	-	USD	1 Quarter
Trade payables	`IncreaseDecreaseInAccountsPayableTrade`	$-29.56K	USD	1 Quarter
Trade payables	`IncreaseDecreaseInAccountsPayableTrade`	$-128.09K	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.80M	USD	1 Quarter
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$-1.12M	USD	1 Quarter
Other payables and accrued expenses	`IncreaseDecreaseInOtherOperatingLiabilities`	$-2.52M	USD	1 Quarter
Other payables and accrued expenses	`IncreaseDecreaseInOtherOperatingLiabilities`	$-451.85K	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$11.45M	USD	1 Quarter
Net cash provided by (used in) operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-5.79M	USD	1 Quarter
Prepayment for property and equipment	`PrepaymentForPurchaseOfLandUseRightPropertyAndEquipment`	$3.64M	USD	1 Quarter
Prepayment for property and equipment	`PrepaymentForPurchaseOfLandUseRightPropertyAndEquipment`	-	USD	1 Quarter
Addition to construction in progress	`PaymentsForConstructionInProcess`	$3.50M	USD	1 Quarter
Addition to construction in progress	`PaymentsForConstructionInProcess`	$1.41M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-5.04M	USD	1 Quarter
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-3.50M	USD	1 Quarter
Proceeds from new bank borrowings	`ProceedsFromBankDebt`	$7.70M	USD	1 Quarter
Proceeds from new bank borrowings	`ProceedsFromBankDebt`	-	USD	1 Quarter
Amount due to a director	`RepaymentsOfRelatedPartyDebt`	-	USD	1 Quarter
Amount due to a director	`RepaymentsOfRelatedPartyDebt`	$955.32K	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$6.75M	USD	1 Quarter
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	-	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$13.16M	USD	1 Quarter
Increase (decrease) in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-9.30M	USD	1 Quarter
Effect of exchange rate on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$500.09K	USD	1 Quarter
Effect of exchange rate on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$-36.25K	USD	1 Quarter
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$35.99M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$26.66M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$57.20M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$43.54M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$35.99M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$26.66M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$57.20M	USD	Point-in-time
Cash and cash equivalents at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$43.54M	USD	Point-in-time
Interest	`InterestPaid`	-	USD	1 Quarter
Interest	`InterestPaid`	$56.17K	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$3.41M	USD	1 Quarter
Income taxes	`IncomeTaxesPaid`	$2.42M	USD	1 Quarter

Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.