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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2015
Jun. 30, 2014
Current assets:    
Cash and cash equivalents $ 207,834 $ 162,159
Time deposits with maturities over three months 49,650 28,334
Restricted cash 25,337 8,359
Accounts receivable, net of allowance for doubtful accounts of $25,691 and $34,259 as of June 30, 2014 and 2015, respectively 252,538 258,885
Costs and estimated earnings in excess of billings, net of allowance for doubtful accounts of $5,839 and $8,850 as of June 30, 2014 and 2015, respectively 165,337 179,688
Other receivables, net of allowance for doubtful accounts of $334 and $638 as of June 30, 2014 and 2015, respectively 12,471 11,039
Advances to suppliers 15,286 11,588
Amounts due from related parties 39,077 23,720
Inventories 34,706 35,053
Prepaid expenses 594 868
Income tax recoverable 596 666
Deferred tax assets 3,214 6,687
Assets held for sale 0 2,847
Total current assets 806,640 729,893
Non-current assets:    
Restricted cash 3,994 7,498
Prepaid expenses 13 108
Property, plant and equipment, net 80,222 82,345
Prepaid land leases 11,649 12,397
Acquired intangible assets, net 1,693 6,510
Investments in equity investees 12,512 15,062
Investments in cost investees 4,464 4,436
Goodwill 59,918 66,640
Deferred tax assets 2,581 1,806
Total non-current assets 177,046 196,802
Total assets 983,686 926,695
Current liabilities:    
Short-term bank loans 16,295 4,494
Current portion of long-term loans 14,111 8,517
Accounts payable 105,292 135,669
Construction costs payable 1,159 4,903
Deferred revenue 138,587 130,696
Accrued payroll and related expenses 11,982 10,601
Income tax payable 5,732 12,040
Warranty liabilities 7,310 4,014
Other tax payables 20,147 27,631
Accrued liabilities 31,299 24,426
Amounts due to related parties 1,713 3,988
Deferred tax liabilities 5,888 1,627
Current portion of acquisition-related consideration 15,081 30,285
Total current liabilities 374,596 398,891
Long-term loans 20,551 14,978
Deferred tax liabilities 77 2,371
Warranty liabilities 3,077 3,604
Non-current portion of acquisition-related consideration 0 14,793
Total non-current liabilities 23,705 35,746
Total liabilities 398,301 434,637
Commitments and contingencies 0 0
Stockholders' equity:    
Ordinary shares, par value $0.001 per share, 100,000,000 shares authorized; 58,358,521 shares issued and outstanding 58 58
Additional paid-in capital 192,768 173,765
Statutory reserves 30,248 23,288
Retained earnings 318,441 252,351
Accumulated other comprehensive income 37,585 39,013
Total Hollysys Automation Technologies Ltd. stockholder's equity 579,100 488,475
Noncontrolling interests 6,285 3,583
Total equity 585,385 492,058
Total liabilities and equity $ 983,686 $ 926,695