SMIC Reports Unaudited Results for the Three Months Ended June 30, 2013


Semiconductor Manufacturing International Corporation

CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION

(In US$ thousands)




As of



June 30, 2013


  March 31, 2013



(Unaudited)


(Unaudited)

ASSETS





Non-current assets





Property, plant and equipment


2,523,893


2,443,230

Prepaid land use right


124,818


73,576

Intangible assets


228,898


226,787

Investments in associates


23,189


22,190

Deferred tax assets


43,802


43,461

Other assets


37,926


41,065

Total non-current assets


2,982,526


2,850,309

Current assets





Inventories


308,328


284,653

Prepaid operating expenses


57,231


51,061

Trade and other receivables


472,426


355,293

Other financial assets


2,881


1,239

Restricted cash


214,430


185,031

Cash and bank balances


262,955


292,932



1,318,251


1,170,209

Assets classified as held-for-sale


922


1,428

Total current assets


1,319,173


1,171,637

TOTAL ASSETS


4,301,699


4,021,946






EQUITY AND LIABILITIES





Capital and reserves





Ordinary shares, $0.0004 par value, 50,000,000,000 shares authorized,

  32,075,631,400 and 32,023,168,050 shares issued and outstanding at June 

  30, 2013 and  March 31, 2013, respectively


12,830


12,809

Share premium


4,088,071


4,084,942

Reserves


53,079


46,857

Accumulated deficit


(1,751,031)


(1,826,432)

Equity attributable to owners of the Company


2,402,949


2,318,176

Non-controlling interests


789


860

Total equity


2,403,738


2,319,036

Non-current liabilities





Borrowings


474,692


429,000

Deferred tax liabilities


257


314

Deferred government grant


174,876


171,987

Long-term financial liabilities


4,989


4,588

Other liabilities


-


5,000

Total non-current liabilities


654,814


610,889

Current liabilities





Trade and other payables


537,003


459,235

Borrowings


586,425


529,440

Accrued liabilities


104,678


73,696

Promissory notes


14,791


29,582

Other financial liabilities


107


8

Current tax liabilities


143


60

Total current liabilities


1,243,147


1,092,021

Total liabilities


1,897,961


1,702,910

TOTAL EQUITY AND LIABILITIES


4,301,699


4,021,946


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