East Star Aviation Account mystery: self-reported liability 700 million, creditor declare more than 5.8 billion

East Star Air in 4 months after the suspension to the media for the first time to disclose its assets and liabilities, since the reported net worth of 257 million yuan, fully equipped with self-help conditions.　　But that figure is more than one times more than the previous announcement by the insolvency administrator, and more than 8 times times the amount of data reported to a journalist by a person familiar with the matter.　　"Monsters want to take the opportunity to cashing from the East Star Airlines, we will retain the right to pursue legal liability for these frauds," said Changchang, a spokesman for the East star Aviation. The balance sheet, which was released yesterday by the three balance sheet, showed that its assets amounted to 1.009 billion yuan before the suspension, with a total debt of 752 million yuan, "No bank loans, no borrowings, no external guarantees".　　"These assets are limited to the value of tangible assets, such as pilots and other assets in recent years of value-added, more than 50 sales offices across the country, airline qualification, navigation rights, navigation and other intangible assets are not counted," Changchang stressed. According to its introduction, the report has been audited by the audit company and most of the letter recognized by the creditor, Wuhan City, Yellow Crane Notary Office of this material was notarized.　　But it did not disclose the specific name of the audit body. East Star's financial data is quite different from the data released by the bankruptcy administrator last month.　　Last month, the East star bankruptcy administrator released by the Wuhan public-ring accounting firm issued by the audit report, East Star Airlines March 31, 2009 after the audit of the total assets of more than 427 million yuan, the total liabilities of more than 1.006 billion yuan, net assets of more than 579 million yuan.　　The report also pointed out that since the audit report data is as of March 31, 2009, and the deadline for creditors to declare their claims is June 30, 2009, therefore, after March 31 to the end of the insolvency proceedings, there are creditors in succession to declare the claims, which will increase the negative value of net assets. And reporters from the people who know the creditor to declare the data is far from the difference. A copy of the internal data from the Insolvency Administration Committee, which was presented to reporters, showed that the East star air could be allocated 233.45 million yuan. Claims have been declared 264, the amount of 5.863 billion yuan. which has been examined 197, the total amount of 830 million yuan. The remaining 67 claims amounted to $1.46 billion.　　The claim for General Electric aircraft Leasing Company (G EG A S) is 2.4 billion yuan. Tose: Talking about the difference between three financial data, Changchang's explanation is that the other two are completely discredited. To claim that the East star aviation liabilities of up to 5.8 billion yuan balance sheet, for example, the total amount of the trial and the sum of the amounts of debt is far from the amount of liabilities.　　GE China spokesman Li Guowei told reporters that it would not comment on claims for 2.4 billion yuan. Changchang also said that East star in arrears to the United States General Electric Company's aircraft lease margin of less than 100 million yuan, was grounded still has about 240 million yuan of account cash, enough to repay the aircraft rental costs owed. But the reporter carefully check the East star assets found that its listed cash and bank deposits is only 137 million yuan。　　In this respect, Changchang Secretary Yi Yifei's explanation is, "the rest is the bill". In addition, the reporter also noted that East Star aviation "pilot value", "Flight attendants training" and other listed in the asset details, its total value of up to 386 million yuan. People familiar with airline finance told reporters that such assets should not be listed as assets when evaluating airline values.　　And if the removal of this, tose of the assets should be 619 million yuan, net assets should be-133 million yuan.　　Changchang yesterday also revealed that the East star shareholder is with a "famous Beijing enterprises to discuss the restructuring of the East Star matters, the control of the enterprise for Hubei people." Newspaper reporter Dong Ji