14. ACCRUED EXPENSES AND NOTES PAYABLE AND OTHER PAYABLES

3 Months Ended

Mar. 31, 2013

ACCRUED EXPENSES

14.  ACCRUED EXPENSES

Accrued expenses as of March 31, 2013 and December 31, 2012 consisted of the following:

	March 31,		December 31,
	2013		2012
	US$		US$
Accrued promotion and marketing expenses		8,254,396		12,153,755
Accrued shipping cost		804,098		645,512
Accrued advertising expenses		852,158		535,697
Other accrued expenses		868,440		858,261
		10,779,092		14,193,225

Other payables

ACCRUED EXPENSES

15.  NOTES PAYABLE AND OTHER PAYABLES

Notes payable as of December 31, 2012 were 180-day bank acceptance notes which are used for the settlement of purchase of packaging materials. All notes have been settled as of March 31, 2013.

Other payables as of March 31, 2013 and December 31, 2012 consisted of the following:

	March 31,		December 31,
	2013		2012
	US$		US$
Payable for property, plant and equipment		9,952,217		12,784,034
Payable for land use rights		263,389		260,978
Other tax payable		5,988,590		12,025,311
Deposits from distributors		3,186,867		2,973,046
Payable to an unrelated party, due on demand		842,579		2,470,064
Deposit received from milk collection stations		540,570		538,042
Advances from employees		424,211		532,795
Others (i)		4,265,777		7,099,462
		25,464,200		38,683,732

 (i) Others mainly include payables to employees, deposits received from logistics companies, advertising cost and other miscellaneous payables.