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TheStreet Open House

Global-Tech Advanced Innovations Announces Fiscal 2012 Results

Net Liquid Assets – Net liquid assets, a non-GAAP measure, is defined as cash and cash equivalents plus time deposits plus restricted cash plus available for sale investments less short-term bank loans.

   
Year Ended

March 31,

2012   2011
 
Net liquid assets $ 43,378,661 $ 30,631,071
Add: - -
Short-term bank loans 4,000,000 12,585,054
Less: - -
Available-for-sale investments (3,039,866 ) (3,105,892 )
Restricted cash (4,546,062 ) (19,460,845 )
Time deposits   -   (1,534,204 )
Cash and cash equivalents   39,792,733   19,205,184  




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