Sino Gas International Holdings, Inc.
CIK:0001326364|SEC Filings
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EARNINGS PER SHARE
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9 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2014
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| Earnings Per Share [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Earnings Per Share [Text Block] |
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Consolidated Statements of Cash Flows (USD $)
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3 Months Ended | 9 Months Ended | ||
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Sep. 30, 2014
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Sep. 30, 2013
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Sep. 30, 2014
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Sep. 30, 2013
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| Cash Flows from Operating Activities | ||||
| Net Income/(Loss) | $ (547,103) | $ 1,997,780 | $ 806,235 | $ 2,777,720 |
| Bad debt provision | 904 | 6,135 | 28,700 | (3,626) |
| Depreciation expense | 630,320 | 392,487 | 1,496,061 | 1,229,226 |
| Amortization expense of intangible assets | 10,571 | 18,718 | 27,332 | 48,512 |
| Amortization expense of convertible bonds | 0 | 200,155 | 0 | 585,009 |
| Loss/(gain) on disposal of property and equipment | 0 | 0 | 0 | 232,326 |
| Decrease/(increase) in accounts and other receivables | (389,145) | (846,464) | (5,039,709) | (3,098,298) |
| Decrease/(increase) in inventory | 245,203 | (341,566) | (4,002,598) | (1,632,913) |
| Decrease/(increase) in prepaid expenses | 2,919,336 | (3,499,898) | 5,128,367 | (2,731,569) |
| Decrease/(Increase) in related party receivable | (1,675,720) | 54,238 | (2,054,880) | 10,293 |
| Increase/(decrease) in accounts and other payables | 3,357,723 | (3,993,927) | 9,299,137 | (2,758,579) |
| Cash Sourced/(Used) in Operating Activities | 4,552,089 | (6,012,342) | 5,688,645 | (5,341,899) |
| Cash Flows from Investing Activities | ||||
| Decrease/(Increase) in deposit | (47) | (97,574) | 685,032 | (140,355) |
| Increase of investment in equity | (3,070) | (85,872) | 126,833 | (384,131) |
| Purchase of property, plant & equipment | 342,709 | (2,259,415) | (902,290) | (3,490,599) |
| Increase of goodwill | 0 | 0 | (17,033) | (2,920,345) |
| Purchase of other intangible assets | (22,871) | (54,587) | (584,853) | (54,587) |
| Increase in construction in progress | (4,337,754) | (3,344,421) | (9,246,399) | (9,380,274) |
| Cash Sourced/(Used) in Investing Activities | (4,021,033) | (5,841,869) | (9,938,710) | (16,370,291) |
| Cash Flows from Financing Activities | ||||
| Increase/(decrease) of bank loans | (962,275) | 5,586,563 | 2,176,459 | 9,483,689 |
| Increase of statutory reserve | 0 | (954,799) | 0 | 275,706 |
| Increase of notes payable | (22,736) | (113,119) | 0 | 0 |
| Cash Sourced/(Used) in Financing Activities | (985,011) | 4,518,645 | 2,176,459 | 9,759,395 |
| Net increase in cash & cash equivalents for the periods | (453,955) | (7,335,566) | (2,073,606) | (11,952,795) |
| Effect of currency translation | 300,717 | 957,667 | 422,906 | 2,651,699 |
| Cash & cash equivalents at the beginning of periods | 3,595,946 | 10,912,830 | 5,093,408 | 13,836,027 |
| Cash & cash equivalents at the end of periods | 3,442,708 | 4,534,931 | 3,442,708 | 4,534,931 |
| Supplementary cash flows information | ||||
| Interest received | 11,524 | 41,913 | 97,818 | 142,075 |
| Interest paid | 279,358 | 493,324 | 1,531,257 | 2,219,411 |
| Income tax paid | $ 110,292 | $ 436,252 | $ 1,216,971 | $ 1,218,104 |