ATA Creativity Global ("Parent Company") |
(26)
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ATA CREATIVITY GLOBAL (“PARENT COMPANY”)
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The following presents condensed financial information of the Parent Company only.
Condensed Balance Sheets
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December 31,
2019
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December 31,
2020
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December 31,
2020
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RMB
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RMB
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USD
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Cash and cash equivalents
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|
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77,996,136
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2,486,636
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|
381,094
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Prepaid expenses and other current assets
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13,154
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3,983
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|
610
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Subscription receivable
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8,530,931
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—
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—
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Loan receivable, net
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4,126,502
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—
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—
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Investments in subsidiaries
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213,391,690
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198,028,805
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30,349,242
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Total assets
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304,058,413
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200,519,424
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30,730,946
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Accrued expenses and other payables
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3,918,340
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2,114,561
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324,071
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Total liabilities
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3,918,340
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2,114,561
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324,071
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Common shares
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4,692,312
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4,716,675
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722,862
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Treasury shares
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(27,737,073)
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(11,625,924)
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(1,781,751)
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Additional paid in capital
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560,814,066
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541,272,503
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82,953,640
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Accumulated other comprehensive loss
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(37,478,167)
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(37,424,722)
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(5,735,590)
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Accumulated deficit
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(200,151,065)
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(298,533,669)
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(45,752,286)
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Total shareholders’ equity
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300,140,073
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198,404,863
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30,406,875
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Total liabilities and shareholders’ equity
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304,058,413
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200,519,424
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30,730,946
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Condensed Statements of Comprehensive Income (Loss)
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Year ended December 31,
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2018
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2019
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2020
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2020
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RMB
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RMB
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|
RMB
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|
USD
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Operating expenses
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(4,963,891)
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(6,928,823)
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(10,748,782)
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(1,647,323)
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Provision for loan receivable
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—
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(11,843,167)
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(3,943,902)
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(604,429)
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Investment income (loss)
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852,782,280
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(110,881,674)
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(83,753,528)
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(12,835,790)
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Interest expense
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(446)
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—
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—
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—
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Interest income
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1,306,567
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1,391,183
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63,613
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9,749
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Foreign currency exchange gains (losses), net
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(284,138)
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1
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(5)
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(1)
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Income (loss) before income taxes
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848,840,372
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(128,262,480)
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(98,382,604)
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(15,077,794)
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Income tax expense
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—
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—
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—
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—
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Net income (loss)
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848,840,372
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(128,262,480)
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(98,382,604)
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(15,077,794)
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Other comprehensive income (loss)
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(11,437,409)
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810,197
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53,445
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8,191
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Comprehensive income (loss)
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837,402,963
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(127,452,283)
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(98,329,159)
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(15,069,603)
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Condensed Statements of Cash Flows
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Year ended December 31,
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2018
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2019
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2020
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2020
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RMB
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RMB
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RMB
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USD
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Net cash used in operating activities
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(29,996,291)
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(4,797,830)
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(10,150,979)
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(1,555,706)
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Cash flows from investing activities:
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Cash received from subsidiaries
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1,001,941,215
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—
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3,804,240
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583,025
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Loan lent to Beijing Biztour
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(13,745,856)
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—
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—
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—
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Cash lent to subsidiaries
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—
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—
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(72,794,230)
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(11,156,204)
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Proceeds from disposal of discontinued operations
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—
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4,894,197
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—
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—
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Net cash provided by (used in) investing activities
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988,195,359
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4,894,197
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(68,989,990)
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(10,573,179)
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Cash flows from financing activities:
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Private placement
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—
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61,693,192
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|
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8,530,931
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1,307,422
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Repurchase of treasury shares
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(4,003,530)
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(613,568)
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Cash received for exercise of share options
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1,433,441
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—
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—
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—
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Special cash dividend
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(946,611,803)
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—
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—
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—
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Net cash provided by (used in) financing activities
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(945,178,362)
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61,693,192
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4,527,401
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693,854
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Effect of foreign exchange rate changes on cash
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568,046
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810,196
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|
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(895,932)
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(137,306)
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Net increase(decrease) in cash
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13,588,752
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62,599,755
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(75,509,500)
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(11,572,337)
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Cash and cash equivalents at beginning of year
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1,807,629
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|
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15,396,381
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|
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77,996,136
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|
11,953,431
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Cash and cash equivalents at end of year
|
|
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15,396,381
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|
|
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77,996,136
|
|
|
2,486,636
|
|
381,094
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