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Other Receivables
 12 Months Ended
Dec. 31, 2013
Other Receivables  
Other Receivables

8.                            Other Receivables

 

Other receivables consisted of the following:

 

 

 

As of December 31,

 

 

 

2012

 

2013

 

2013

 

 

 

(RMB)

 

(RMB)

 

($)

 

VAT recoverable (note (i))

 

14,068,225

 

47,504,624

 

7,791,603

 

Deposit for loan guarantee

 

13,500,000

 

7,500,000

 

1,230,133

 

Due from employees

 

3,292,234

 

—

 

—

 

Others

 

4,020,409

 

3,505,541

 

574,971

 

Total other receivables

 

34,880,868

 

58,510,165

 

9,596,707

 

 

Note (i):             As of December 31, 2012 and 2013, VAT recoverable mainly consisted of input VAT paid for purchase of corns but not yet validated by the PRC Taxing Authority of RMB14,068,225 and RMB 40,761,846 ($6,685,667), respectively.