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, 2014 and 2013. There were no material unrecognized financial assets and liabilities as of March 31, 2014 and 2013.


	Carrying value				Fair value
	2014		2013		2014		2013
	US$		US$		US$		US$
Current financial assets:
Cash and cash equivalents		22,820,300		32,385,376		22,820,300		32,385,376
Time deposits		11,339,515		—		11,339,515		—
Restricted cash		4,013,565		14,592,289		4,013,565		14,592,289
Available-for-sale investments		1,050,500		17,153		1,050,500		17,153
Accounts and bills receivable, net		21,216,884		19,713,608		21,216,884		19,713,608
Financial assets included in deposits and other assets		586,022		3,846,653		586,022		3,846,653
Amount due from a related party		12,569		18,841		12,569		18,841

		61,039,355		70,573,920		61,039,355		70,573,920
Non-current financial assets:
Available-for-sale investments		—		1,045,200		—		1,045,200

Total financial assets		61,039,355		71,619,120		61,039,355		71,619,120


	Carrying value				Fair value
	2014		2013		2014		2013
	US$		US$		US$		US$
Current financial liabilities:
Short term bank loans		7,279,629		4,826,241		7,279,629		4,826,241
Accounts payable		12,520,080		7,134,526		12,520,080		7,134,526
Accrued salaries, allowances and other employee benefits		2,980,622		4,367,642		2,980,622		4,367,642
Other accrued liabilities		5,720,757		9,643,638		5,720,757		9,643,638

Total financial liabilities		28,501,088		25,972,047		28,501,088		25,972,047