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GEBD.. $0.35 2008 filings..

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10 bagger   Thursday, 02/11/10 10:46:22 AM
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GEBD.. $0.35 2008 filings..

FWIW.. Today this filing appeared for GEBD.. It is the latest that has appeared.. If any other fillings are Avil.,, I can't seem to find them... But it looks like this could be the first attempt to bring all filings up to date..

EARNINGS PER SHARE, BASIC AND DILUTED 0.085 0.075


GREAT EAST BOTTLES & DRINKS (CHINA) HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED BALANCE SHEETS
As of December 31, 2008 and 2007


2008 2007
(Restated)
ASSETS
CURRENT ASSETS
Cash and cash equivalent $ 69,958 $ 121,574
Pledged deposits 3,704,253 4,106,258
Accounts receivable, net 2,016,545 2,426,566
Inventories, net 1,555,782 1,998,961
Amount due from a related party, net 1,094,679 -
Prepaid expenses and other receivables 830,471 477,605
Total current assets 9,271,688 9,130,964

PROPERTY, PLANT & EQUIPMENT, NET 21,322,104 14,457,424

LAND USE RIGHT, NET OF AMORTIZATION 346,544 334,367
OTHER ASSETS - 275

TOTAL ASSETS $ 30,940,336 $ 23,923,030




LIABILITIES AND STOCKHOLDERS’ EQUITY
LIABILITIES
CURRENT LIABILITIES
Bank loans $ 4,006,774 $ 5,346,561
Accounts payable 1,647,176 1,419,985
Notes payable 2,303,646 1,085,956
Accrued expenses and other payables 101,288 103,591
VAT payables 429,237 342,178
Income tax payables 263,310 379,444
Amount due to a related party, net - 5,080
Total current liabilities 8,751,431 8,682,795

LONG-TERM BANK LOAN 3,334,646 1,576,543

TOTAL LIABILITIES 12,086,077 10,259,338

MINORITY INTERESTS 113,984 101,874

STOCKHOLDERS’ EQUITY
Common stock, Par value $0.01; 375,000,000 shares authorized; $0.01 par value; 40,000,000 shares and 8,000,000 shares issued and outstanding on December 31, 2008 and 2007, respectively 400,000 80,000
Additional paid in capital 9,885,277 10,115,277
Capital reserves 2,410,701 2,124,040
Retained earnings/(accumulated deficits) 2,144,341 (976,888 )
Other comprehensive income 3,899,956 2,219,389
TOTAL STOCKHOLDERS’ EQUITY 18,740,275 13,561,818

TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY $ 30,940,336 $ 23,923,030




See accompanying notes to consolidated financial statements


11
--------------------------------------------------------------------------------



GREAT EAST BOTTLES & DRINKS (CHINA) HOLDINGS, INC. AND SUBSIDIARIES
CONSOLIDATED STATEMENTS OF INCOME
For the Years Ended December 31, 2008 and 2007


2008 2007
(Restated)

REVENUE $ 30,502,327 $ 24,410,570

COST OF SALES 23,612,335 18,950,517

GROSS MARGIN 6,889,992 5,460,053

EXPENSES
Selling and distribution 120,786 52,343
General and administrative 1,807,013 1,430,781

OPERATING INCOME 4,962,193 3,976,929

OTHER INCOME/(EXPENSE)
Other income 266,621 306,793
Interest income 269,011 300,624
Bank loan interest (619,172 ) (467,867 )
Other interest expense (475,667 ) (319,807 )
TOTAL OTHER INCOME (EXPENSE) (559,207 ) (180,257 )

INCOME FROM CONTINUING OPERATIONS
BEFORE PROVISION FOR INCOME TAXES
AND MINORITY INTEREST 4,402,986 3,796,672

PROVISION FOR INCOME TAXES 948,949 783,283

INCOME FROM CONTINUING OPERATIONS
BEFORE MINORITY INTERESTS 3, 454,037 3,013,389

MINORITY INTEREST 12,012 7,226

INCOME FROM CONTINUING OPERATIONS $ 3,442,025 $ 3,006,163


DISCONTINUED OPERATIONS
Revenue 1,311 127,271
General and administrative expenses (31,405 ) (137,239 )

LOSS FROM DISCONTINUED OPERATIONS (30,094 ) (9,968 )


NET INCOME 3,411,931 2,996,195


OTHER COMPREHENSIVE INCOME
Gain on foreign exchange translation 1,680,567 1,324,933

COMPREHENSIVE INCOME $ 5,092,498 $ 4,321,128


WEIGHTED AVERAGE NUMBER OF SHARES OUTSTANDING, BASIC AND DILUTED $ 40,000,000 $ 40,000,000

EARNINGS PER SHARE, BASIC AND DILUTED 0.085 0.075





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