10-Q Filing

CHINA NUTRIFRUIT GROUP LTD CIK: 753224 Q2 2011

Filing Information

Form Type	10-Q
Accession Number	`0001204459-11-003009`
Period End Date	20110930
Filing Date	20111114
Fiscal Year	2011
Fiscal Period	Q2
XBRL Instance	cngl-20110930.xml

Filing Contents

This filing contains the following financial statements:

Balance Sheet 76 Income Statement 72 Cash Flow Statement 56

Balance Sheet 76 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
Preferred Stock, Shares Issued	`PreferredStockSharesIssued`	330,860.00	shares	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
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$35.99M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$7.15M	USD	Point-in-time
Cash and cash equivalents	`CashAndCashEquivalentsAtCarryingValue`	$9.96M	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`	$8.60M	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`	$44.76M	USD	Point-in-time
Prepayments and deposits	`PrepaidExpenseCurrent`	$9.21M	USD	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	120.00M	shares	Point-in-time
Common Stock, Shares Authorized	`CommonStockSharesAuthorized`	120.00M	shares	Point-in-time
Prepayments and deposits	`PrepaidExpenseCurrent`	$264.88K	USD	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, Issued	`CommonStockSharesIssued`	36.92M	shares	Point-in-time
Other current assets	`OtherAssetsCurrent`	$11.71K	USD	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`	$72.53M	USD	Point-in-time
Common Stock, Shares, Outstanding	`CommonStockSharesOutstanding`	36.92M	shares	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$20.31M	USD	Point-in-time
Property and equipment, net	`PropertyPlantAndEquipmentNet`	$51.08M	USD	Point-in-time
Prepayments and deposits - noncurrent	`PrepaidExpenseAndOtherAssetsNoncurrent`	$796.93K	USD	Point-in-time
Prepayments and deposits - noncurrent	`PrepaidExpenseAndOtherAssetsNoncurrent`	$10.98M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$5.92M	USD	Point-in-time
Construction in progress	`ConstructionInProgressGross`	$988.48K	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$909.88K	USD	Point-in-time
Deferred tax assets	`DeferredTaxAssetsNetNoncurrent`	$826.74K	USD	Point-in-time
Land use rights, net	`LandUseRightsNet`	$188.20K	USD	Point-in-time
Land use rights, net	`LandUseRightsNet`	$189.88K	USD	Point-in-time
TOTAL ASSETS	`Assets`	$126.41M	USD	Point-in-time
TOTAL ASSETS	`Assets`	$101.01M	USD	Point-in-time
Other payables and accrued expenses	`OtherLiabilitiesCurrent`	$3.31M	USD	Point-in-time
Other payables and accrued expenses	`OtherLiabilitiesCurrent`	$11.93M	USD	Point-in-time
Bank borrowings	`ShortTermBankLoansAndNotesPayable`	$12.36M	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`	$1.37M	USD	Point-in-time
Trade payables	`AccountsPayableTradeCurrent`	$130.28K	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$3.35M	USD	Point-in-time
Income taxes payable	`AccruedIncomeTaxesCurrent`	$878.99K	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$26.55M	USD	Point-in-time
Total current liabilities	`LiabilitiesCurrent`	$7.74M	USD	Point-in-time
Bank borrowings - noncurrent	`LongTermLoansFromBank`	-	USD	Point-in-time
Bank borrowings - noncurrent	`LongTermLoansFromBank`	$1.25M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$7.74M	USD	Point-in-time
TOTAL LIABILITIES	`Liabilities`	$27.80M	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 September 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 September 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 September 30, 2011; (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 September 30, 2011; (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`	$6.37M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$48.86M	USD	Point-in-time
Retained earnings	`RetainedEarningsAccumulatedDeficit`	$45.94M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$93.27M	USD	Point-in-time
TOTAL SHAREHOLDERS' EQUITY	`StockholdersEquity`	$98.62M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$126.41M	USD	Point-in-time
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY	`LiabilitiesAndStockholdersEquity`	$101.01M	USD	Point-in-time

Income Statement 72 line items

Line Item	Tag	Value	Unit	Period
Net sales	`Revenues`	$23.19M	USD	1 Quarter
Net sales	`Revenues`	$32.82M	USD	2 Qtrs
Net sales	`Revenues`	$30.09M	USD	2 Qtrs
Net sales	`Revenues`	$19.79M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$17.74M	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$14.85M	USD	1 Quarter
Cost of sales	`CostOfRevenue`	$20.35M	USD	2 Qtrs
Cost of sales	`CostOfRevenue`	$12.23M	USD	1 Quarter
Gross profit	`GrossProfit`	$15.08M	USD	2 Qtrs
Gross profit	`GrossProfit`	$4.94M	USD	1 Quarter
Gross profit	`GrossProfit`	$10.96M	USD	1 Quarter
Gross profit	`GrossProfit`	$9.73M	USD	2 Qtrs
Selling expenses	`SellingExpense`	$1.26M	USD	2 Qtrs
Selling expenses	`SellingExpense`	$673.47K	USD	1 Quarter
Selling expenses	`SellingExpense`	$1.15M	USD	2 Qtrs
Selling expenses	`SellingExpense`	$740.91K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$3.05M	USD	2 Qtrs
General and administrative expenses	`GeneralAndAdministrativeExpense`	$590.85K	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.38M	USD	1 Quarter
General and administrative expenses	`GeneralAndAdministrativeExpense`	$1.70M	USD	2 Qtrs
Operating earnings	`OperatingIncomeLoss`	$2.81M	USD	1 Quarter
Operating earnings	`OperatingIncomeLoss`	$9.69M	USD	1 Quarter
Operating earnings	`OperatingIncomeLoss`	$12.12M	USD	2 Qtrs
Operating earnings	`OperatingIncomeLoss`	$5.53M	USD	2 Qtrs
Interest expenses	`InterestExpense`	$59.04K	USD	1 Quarter
Interest expenses	`InterestExpense`	-	USD	2 Qtrs
Interest expenses	`InterestExpense`	-	USD	1 Quarter
Interest expenses	`InterestExpense`	$115.22K	USD	2 Qtrs
Other income	`OtherIncome`	$50.64K	USD	1 Quarter
Other income	`OtherIncome`	$17.55K	USD	1 Quarter
Other income	`OtherIncome`	$48.02K	USD	2 Qtrs
Other income	`OtherIncome`	$111.64K	USD	2 Qtrs
Total other income (expenses)	`NonoperatingIncomeExpense`	$17.55K	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$-3.58K	USD	2 Qtrs
Total other income (expenses)	`NonoperatingIncomeExpense`	$-8.40K	USD	1 Quarter
Total other income (expenses)	`NonoperatingIncomeExpense`	$48.02K	USD	2 Qtrs
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$12.17M	USD	2 Qtrs
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$9.71M	USD	1 Quarter
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$5.53M	USD	2 Qtrs
Earnings before income taxes	`IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments`	$2.81M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$2.52M	USD	1 Quarter
Provision for income taxes	`IncomeTaxExpenseBenefit`	$3.19M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$1.84M	USD	2 Qtrs
Provision for income taxes	`IncomeTaxExpenseBenefit`	$920.27K	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$8.98M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$1.89M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$7.19M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$3.69M	USD	2 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$2.42M	USD	2 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$1.58M	USD	2 Qtrs
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$1.35M	USD	1 Quarter
Foreign currency translation	`OtherComprehensiveIncomeForeignCurrencyTransactionAndTranslationAdjustmentNetOfTaxPortionAttributableToParent`	$1.64M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$6.11M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$8.83M	USD	1 Quarter
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$10.56M	USD	2 Qtrs
Comprehensive income	`ComprehensiveIncomeNetOfTax`	$3.24M	USD	1 Quarter
EPS Basic	`EarningsPerShareBasic`	$0.09	USD	2 Qtrs
EPS Basic	`EarningsPerShareBasic`	$0.19	USD	1 Quarter
EPS Basic	`EarningsPerShareBasic`	$0.23	USD	2 Qtrs
EPS Basic	`EarningsPerShareBasic`	$0.05	USD	1 Quarter
EPS Diluted	`EarningsPerShareDiluted`	$0.18	USD	1 Quarter
EPS Diluted	`EarningsPerShareDiluted`	$0.22	USD	2 Qtrs
EPS Diluted	`EarningsPerShareDiluted`	$0.09	USD	2 Qtrs
EPS Diluted	`EarningsPerShareDiluted`	$0.05	USD	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	36.92M	shares	1 Quarter
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	36.70M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	36.92M	shares	2 Qtrs
Basic	`WeightedAverageNumberOfSharesOutstandingBasic`	36.72M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.36M	shares	2 Qtrs
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.22M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.38M	shares	1 Quarter
Diluted	`WeightedAverageNumberOfDilutedSharesOutstanding`	40.22M	shares	2 Qtrs

Cash Flow Statement 56 line items

Line Item	Tag	Value	Unit	Period
Net earnings	`NetIncomeLoss`	$8.98M	USD	2 Qtrs
Net earnings	`NetIncomeLoss`	$1.89M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$7.19M	USD	1 Quarter
Net earnings	`NetIncomeLoss`	$3.69M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$1.55M	USD	2 Qtrs
Depreciation and amortization	`DepreciationAndAmortization`	$936.04K	USD	2 Qtrs
Benefit for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$83.14K	USD	2 Qtrs
Benefit for deferred income taxes	`DeferredIncomeTaxExpenseBenefit`	$78.05K	USD	2 Qtrs
Trade receivables, net	`IncreaseDecreaseInAccountsReceivable`	$6.42M	USD	2 Qtrs
Trade receivables, net	`IncreaseDecreaseInAccountsReceivable`	$-4.08M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$38.18M	USD	2 Qtrs
Inventories	`IncreaseDecreaseInInventories`	$13.34M	USD	2 Qtrs
Prepayments and deposits	`IncreaseDecreaseInPrepaidExpense`	$8.93M	USD	2 Qtrs
Prepayments and deposits	`IncreaseDecreaseInPrepaidExpense`	$11.07M	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$-114.70K	USD	2 Qtrs
Other current assets	`IncreaseDecreaseInOtherCurrentAssets`	$10.12K	USD	2 Qtrs
Trade payables	`IncreaseDecreaseInAccountsPayableTrade`	$839.64K	USD	2 Qtrs
Trade payables	`IncreaseDecreaseInAccountsPayableTrade`	$1.24M	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$237.38K	USD	2 Qtrs
Income taxes payable	`IncreaseDecreaseInAccruedIncomeTaxesPayable`	$8.56M	USD	2 Qtrs
Other payables and accrued expenses	`IncreaseDecreaseInOtherOperatingLiabilities`	$-1.06M	USD	2 Qtrs
Other payables and accrued expenses	`IncreaseDecreaseInOtherOperatingLiabilities`	$-2.52M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-20.71M	USD	2 Qtrs
Net cash used in operating activities	`NetCashProvidedByUsedInOperatingActivities`	$-30.45M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$15.93M	USD	2 Qtrs
Purchase of property and equipment	`PaymentsToAcquirePropertyPlantAndEquipment`	$4.33M	USD	2 Qtrs
Addition to construction in progress	`PaymentsForConstructionInProcess`	-	USD	2 Qtrs
Addition to construction in progress	`PaymentsForConstructionInProcess`	$5.08M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-15.93M	USD	2 Qtrs
Net cash used in investing activities	`NetCashProvidedByUsedInInvestingActivities`	$-9.42M	USD	2 Qtrs
Proceeds from bank borrowings	`ProceedsFromBankDebt`	$13.49M	USD	2 Qtrs
Proceeds from bank borrowings	`ProceedsFromBankDebt`	-	USD	2 Qtrs
Proceeds from private placement held in escrow account	`ProceedsFromPrivatePlacementHeldInEscrowAccount`	-	USD	2 Qtrs
Proceeds from private placement held in escrow account	`ProceedsFromPrivatePlacementHeldInEscrowAccount`	$931.63K	USD	2 Qtrs
Amount due to a director	`RepaymentsOfRelatedPartyDebt`	-	USD	2 Qtrs
Amount due to a director	`RepaymentsOfRelatedPartyDebt`	$955.32K	USD	2 Qtrs
Dividend paid	`PaymentsOfDividends`	$809.55K	USD	2 Qtrs
Dividend paid	`PaymentsOfDividends`	$764.05K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$122.08K	USD	2 Qtrs
Net cash provided by financing activities	`NetCashProvidedByUsedInFinancingActivities`	$11.77M	USD	2 Qtrs
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-30.00M	USD	2 Qtrs
Decrease in cash and cash equivalents	`CashAndCashEquivalentsPeriodIncreaseDecrease`	$-34.61M	USD	2 Qtrs
Effect of exchange rate on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.03M	USD	2 Qtrs
Effect of exchange rate on cash and cash equivalents	`EffectOfExchangeRateOnCashAndCashEquivalents`	$1.16M	USD	2 Qtrs
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$43.54M	USD	Point-in-time
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`	$7.15M	USD	Point-in-time
Cash and cash equivalents at beginning of the period	`CashAndCashEquivalentsAtCarryingValue`	$9.96M	USD	Point-in-time
Cash and cash equivalents and proceeds from private placement held in escrow account at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$43.54M	USD	Point-in-time
Cash and cash equivalents and proceeds from private placement held in escrow account at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$35.99M	USD	Point-in-time
Cash and cash equivalents and proceeds from private placement held in escrow account at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$7.15M	USD	Point-in-time
Cash and cash equivalents and proceeds from private placement held in escrow account at end of the period	`CashAndCashEquivalentsAtCarryingValue`	$9.96M	USD	Point-in-time
Interest paid	`InterestPaid`	-	USD	2 Qtrs
Interest paid	`InterestPaid`	$115.22K	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$4.28M	USD	2 Qtrs
Income taxes	`IncomeTaxesPaid`	$2.87M	USD	2 Qtrs

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