XML 33 R43.htm IDEA: XBRL DOCUMENT v2.4.0.6
8. LOANS AND ADVANCES TO THIRD PARTIES AND CONSIDERATION RECEIVABLE (Detail)
1 Months Ended 3 Months Ended 3 Months Ended
Mar. 31, 2013
USD ($)
Dec. 31, 2012
USD ($)
Mar. 31, 2013
Advances to Sanhe Construction Co., Ltd. Zhaoguang Branch
USD ($)
Dec. 31, 2012
Advances to Sanhe Construction Co., Ltd. Zhaoguang Branch
USD ($)
Mar. 31, 2013
Advances To Gannan Youpeng Food Co Ltd [Member]
USD ($)
Dec. 31, 2012
Advances To Gannan Youpeng Food Co Ltd [Member]
USD ($)
Sep. 30, 2013
Advances To Gannan Youpeng Food Co Ltd [Member]
Subsequent Event
USD ($)
Jul. 31, 2013
Advances To Gannan Youpeng Food Co Ltd [Member]
Subsequent Event
USD ($)
Jun. 30, 2013
Advances To Gannan Youpeng Food Co Ltd [Member]
Subsequent Event
USD ($)
Mar. 31, 2013
Due From Heilongjiang Feihe Yuanshengtai Company Ltd Member
USD ($)
Dec. 31, 2012
Due From Heilongjiang Feihe Yuanshengtai Company Ltd Member
USD ($)
Mar. 31, 2013
Advances to Kedong Hexiang Agricultural Co., Ltd
USD ($)
Dec. 31, 2012
Advances to Kedong Hexiang Agricultural Co., Ltd
USD ($)
Mar. 31, 2013
Advances to Jilin Alfbeta Dairy Co.Ltd
USD ($)
Dec. 31, 2012
Advances to Jilin Alfbeta Dairy Co.Ltd
USD ($)
Mar. 31, 2013
Advances to Shanghai Zhuen Properties Development Co., Ltd.
USD ($)
Dec. 31, 2012
Advances to Shanghai Zhuen Properties Development Co., Ltd.
USD ($)
Mar. 31, 2013
Advances to Haerbin City Ruixinda Investment Company Ltd ("the Purchaser")
USD ($)
Dec. 31, 2012
Advances to Haerbin City Ruixinda Investment Company Ltd ("the Purchaser")
USD ($)
Mar. 31, 2013
Advances to Weishidei Group Co., Ltd
USD ($)
Dec. 31, 2012
Advances to Weishidei Group Co., Ltd
USD ($)
Mar. 31, 2013
Advances to third parties
USD ($)
Dec. 31, 2012
Advances to third parties
USD ($)
Mar. 31, 2013
Advances to employees
USD ($)
Dec. 31, 2012
Advances to employees
USD ($)
Mar. 31, 2013
Others
USD ($)
Dec. 31, 2012
Others
USD ($)
Apr. 25, 2013
Haerbin City Ruixinda Investment Company Ltd. (the "Ruixinda" or "Purchaser")
Heilongjiang Feihe Yuanshengtai Co., Ltd. ("Yuanshengtai")
USD ($)
Apr. 25, 2013
Haerbin City Ruixinda Investment Company Ltd. (the "Ruixinda" or "Purchaser")
Heilongjiang Feihe Yuanshengtai Co., Ltd. ("Yuanshengtai")
CNY
Mar. 31, 2013
Haerbin City Ruixinda Investment Company Ltd. (the "Ruixinda" or "Purchaser")
Heilongjiang Feihe Yuanshengtai Co., Ltd. ("Yuanshengtai")
USD ($)
Mar. 31, 2013
Haerbin City Ruixinda Investment Company Ltd. (the "Ruixinda" or "Purchaser")
Heilongjiang Feihe Yuanshengtai Co., Ltd. ("Yuanshengtai")
CNY
Dec. 31, 2012
Haerbin City Ruixinda Investment Company Ltd. (the "Ruixinda" or "Purchaser")
Heilongjiang Feihe Yuanshengtai Co., Ltd. ("Yuanshengtai")
USD ($)
Mar. 31, 2014
Haerbin City Ruixinda Investment Company Ltd. (the "Ruixinda" or "Purchaser")
Heilongjiang Feihe Yuanshengtai Co., Ltd. ("Yuanshengtai")
Subsequent Event
USD ($)
Equity method investment, ownership percentage                                                               99.00%  
Restructuring of receivable from sale of productive assets                                                       $ 16,100,000 100,000,000 $ 32,100,000 200,000,000   $ 27,600,000
Consideration receivable                                                           75,907,867   78,274,528  
Loans and advances to third parties $ 60,879,155 $ 30,473,435 $ 14,652,133 [1] $ 1,765,593 [1] $ 12,505,685 [2]    [2] $ 4,500,000 $ 4,800,000 $ 3,200,000 $ 8,060,375 [3] $ 8,256,920 [3] $ 5,635,436 [4]    [4] $ 4,508,348 [5] $ 12,519,662 [5] $ 4,347,336 [6]    [6] $ 3,191,267 [7] $ 3,181,279 [7] $ 2,898,224 [8]    [8] $ 2,917,329 [9] $ 4,140,987 [9] $ 2,047,503 $ 230,107 $ 115,519 $ 378,887            
[1] The advance is unsecured and non-interest bearing. The debtor repaid $14.0 million to the Company in April 2013 and the remaining amount is repayable by September 30, 2013.
[2] Gannan Feihe Youpeng Food Co, Ltd ("Youpeng') is engaged in manufacturing and trading of whey powder. In order to secure a reliable source of whey powder for the Company, the Company advanced $12.5 million for the period from January to March 2013 to Youpeng to meet its short-term financial obligation. The advance is unsecured and non interest bearing. The balance of $3.2 million, $4.8 million and $4.5 million is repayable by June 30, 2013, July 31, 2013 and September 30, 2013, respectively.
[3] Heilongjiang Feihe Yuanshengtai Co., Ltd. ("Yuanshengtai") was partially owned by two officers and directors of the Company, Mr. Leng You-Bin and Mr. Liu Sheng-Hui, before January 2010. Those shares held by Mr. Leng You-Bin and Mr. Liu Sheng-Hui have been transferred to unrelated third parties who held no ownership interests in Yuanshengtai in January 2010. As of December 31, 2012, Ruixinda held a 99% equity interest in Yuanshengtai. The balances are payments made by the Group on behalf of Yuanshengtai to purchase biological assets and property, plant and equipment. The balances are unsecured and non-interest bearing. Pursuant to an agreement signed on 31 December 2012, Yuanshengtai agreed to repay the amount in full by December 31, 2013.
[4] In order to support the agriculture economic development in Kedong district, in which the Company's main factories are located, in January 2013, the Company advanced $5.6 million to Kedong Hexiang Agribusiness Co., Ltd ("Hexiang"), which is nominated by the local government, for its agricultural activities. The advance is unsecured and non-interest bearing. The balance is repayable by September 30, 2013.
[5] The advance to this supplier is unsecured and non-interest bearing. The balance is repayable in July 2013.
[6] Shanghai Zhuen Properties Development Co., Ltd. ("Shanghai Zhuen") is engaged in property development, in which the Company was interested in investing. In February 2013, the Company advanced $4.3 million to Shanghai Zhuen as a deposit for property development. In May 2013, the Company retrieved the whole deposit from Shanghai Zhuen due to its intention to withdraw investment.
[7] The advance is unsecured and non-interest bearing. Pursuant to an agreement signed on December 31, 2012, the Purchaser agreed to repay the amount in full by July 31, 2013.
[8] In March 2013, the Company advanced $2.9 million to Weishidei Group Co., Ltd ("Weishidei"), which refers business opportunities to the Company. The advance is unsecured and non-interest bearing. The balance is repayable in July 31, 2013.
[9] These are funds lent to third parties, which are unsecured, non-interest bearing, and repayable within one year.