Balance Sheet

Current Liabilities	1.7B
Accrued Liabilities	28m
Other Current Liabilities	1.7B
Non-Current Liabilities	2.2B
Long-Term Debt	2.1B
Other Non-Current Liabilities	131m

Currency: CNY

	Aug-2017	Aug-2018	Aug-2019	Aug-2020	Aug-2021	Aug-2022	Aug-2023
Assets
Cash & Cash Equivalents	648	624	454	865	881	804	985
Cash	0	0	0	0	0	0	985
Cash Equivalents	648	624	454	865	881	804	0
Short-Term Investments	0	0	0	0	6	0	0
Total Receivables	85	7	12	22	40	37	29
Accounts Receivables	5	3	1	2	8	13	8
Other Receivables	80	4	11	20	32	24	21
Other Current Assets	4	11	14	19	16	10	9
Total Current Assets	738	642	480	906	943	851	1 024
PP&E Net	1 495	1 866	2 599	3 866	5 147	5 547	5 993
PP&E Gross	1 495	1 866	2 599	3 866	5 147	5 547	5 993
Accumulated Depreciation	260	323	389	464	540	647	775
Intangible Assets	2	3	6	12	22	19	13
Long-Term Investments	120	129	132	141	179	184	184
Other Long-Term Assets	1 019	982	1 110	133	37	68	60
Total Assets	3 374 N/A	3 623 +7%	4 327 +19%	5 058 +17%	6 329 +25%	6 669 +5%	7 275 +9%
Liabilities
Accrued Liabilities	226	125	164	15	21	25	28
Short-Term Debt	0	0	0	0	0	0	0
Current Portion of Long-Term Debt	144	90	0	145	224	280	392
Other Current Liabilities	795	679	1 271	555	991	1 066	1 300
Total Current Liabilities	1 165	893	1 436	715	1 235	1 371	1 721
Long-Term Debt	1 315	766	1 079	1 623	2 097	2 170	2 057
Deferred Income Tax	29	33	35	36	44	47	49
Other Liabilities	0	573	197	7	268	183	82
Total Liabilities	2 509 N/A	2 265 -10%	2 746 +21%	2 381 -13%	3 644 +53%	3 772 +4%	3 908 +4%
Equity
Common Stock	0	0	0	790	652	603	603
Retained Earnings	864	1 358	1 581	1 887	2 033	2 293	2 763
Total Equity	865 N/A	1 358 +57%	1 581 +16%	2 677 +69%	2 685 +0%	2 897 +8%	3 366 +16%
Total Liabilities & Equity	3 374 N/A	3 623 +7%	4 327 +19%	5 058 +17%	6 329 +25%	6 669 +5%	7 275 +9%
Shares Outstanding
Common Shares Outstanding	500	500	500	1 200	1 200	1 200	1 200

China Vocational Education Holdings Ltd
HKEX:1756