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, 2015 and 2014. There were no material unrecognized financial assets and liabilities as of March 31, 2015 and 2014.


	Carrying value				Fair value
	2015		2014		2015		2014
	US$		US$		US$		US$
Current financial assets:
Cash and cash equivalents		14,501,954		22,820,300		14,501,954		22,820,300
Time deposits		12,649,524		11,339,515		12,649,524		11,339,515
Restricted cash		9,850,930		4,013,565		9,850,930		4,013,565
Available-for-sale investments		—		1,050,500		—		1,050,500
Accounts and bills receivable, net		20,493,672		21,216,884		20,493,672		21,216,884
Financial assets included in deposits and other assets		1,538,102		586,022		1,538,102		586,022
Amount due from a related party		15,475		12,569		15,475		12,569

Total financial assets		59,049,657		61,039,355		59,049,657		61,039,355


	Carrying value				Fair value
	2015		2014		2015		2014
	US$		US$		US$		US$
Current financial liabilities:
Short term bank loans		6,780,394		7,279,629		6,780,394		7,279,629
Accounts and bills payable		14,248,741		12,520,080		14,248,741		12,520,080
Accrued salaries, allowances and other employee benefits		3,077,943		2,980,622		3,077,943		2,980,622
Other accrued liabilities		6,284,082		5,720,757		6,284,082		5,720,757

Total financial liabilities		30,391,160		28,501,088		30,391,160		28,501,088