GRAND POWER LOGISTICS GROUP INC. V.GPW

Liabilities v Receivables

[G1945V]

GPW having a total current liabilities  of $17.55M  does not bother anyone..??

Who are these receivables of $16.96M.. Are they collectable..?? How old are these receovables..??. 

Does the balance sheet 2013-09-30 include the sale price of Yangshan and Macau properties..??

G1945V

[G1945V]

In addition , to my previous post.. Who make up the $9.6M payables that form part of the $17.55M Liability for GPW...  Why are the payables almost double that of 2012, when revenues were about the same. Or have the payables been accumulating and unpaid, in the duration? (Rev in, 2012 @ $15.64M.& Payables $5.16M)  (Rev in, 2013 @ $14.27M & Payables $9.61M)  WADR G1945V

[moneymaker75]

The properties were sold in March, so those won't be on the balance sheet until Q1 release. If you look at the MD&A from November, most of your concerns are answered. The receivables don't bug me at all. Nearly all of them are in the 0-3 month range and they have been going down from $25M in 2009. They have loan agreements with HSBC for the loans, under reasonable terms. Much

[G1945V]

moneymaker75: Would you be so kind and attach the MD&A to the postboard. I don't seem to have access to it at the moment. thx G1945V

[moneymaker75]

https://www.sedar.com/DisplayCompanyDocuments.do?lang=EN&issuerNo=00021040 Refer to the documents on Nov 29.