The following table sets forth the carrying values and estimated fair values of the Company’s financial assets and liabilities recognized as of March 31, 2013 and 2012. There were no material unrecognized financial assets and liabilities as of March 31, 2013 and 2012.


	Carrying value				Fair value
	2013		2012		2013		2012
	US$		US$		US$		US$
Current financial assets:
Cash and cash equivalents		32,385,376		39,792,733		32,385,376		39,792,733
Restricted cash		14,592,289		4,546,062		14,592,289		4,546,062
Available-for-sale investments		17,153		2,006,066		17,153		2,006,066
Accounts and bills receivable		19,713,608		30,273,062		19,713,608		30,273,062
Financial assets included in deposits and other assets		3,846,653		401,815		3,846,653		401,815
Amount due from a related party		18,841		11,798		18,841		11,798

		70,573,920		77,031,536		70,573,920		77,031,536
Non-current financial assets:
Available-for-sale investments		1,045,200		1,033,800		1,045,200		1,033,800

Total financial assets		71,619,120		78,065,336		71,619,120		78,065,336



	Carrying value				Fair value
	2013		2012		2013		2012
	US$		US$		US$		US$
Current financial liabilities:
Short term bank loans		4,826,241		4,000,000		4,826,241		4,000,000
Accounts payable		7,134,526		8,163,510		7,134,526		8,163,510
Accrued salaries, allowances and other employee benefits		4,367,642		3,102,335		4,367,642		3,102,335
Other accrued liabilities		9,643,638		6,637,851		9,643,638		6,637,851

Total financial liabilities		25,972,047		21,903,696		25,972,047		21,903,696