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Inventories

12 Months Ended

Mar. 31, 2013

8.	INVENTORIES


	March 31, 2013		March 31, 2012
	US$		US$
Raw materials		2,791,811		2,716,414
Work in progress		878,718		780,588
Finished goods		1,721,803		1,877,190

		5,392,332		5,374,192

For the fiscal years ended March 31, 2013, 2012 and 2011, a write-down of inventories to fair market value of US$867,312, US$932,848 and US$405,313 respectively, was recognized in the consolidated statement of operations and comprehensive income, of which nil, US$548,293 and US$42,004 were included in income (loss) from discontinued operations.

- Definition

The entire disclosure for inventory. This may include, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the major classes of inventory, and the nature of the cost elements included in inventory. If inventory is stated above cost, accrued net losses on firm purchase commitments for inventory and losses resulting from valuing inventory at the lower-of-cost-or-market may also be included. For LIFO inventory, may disclose the amount and basis for determining the excess of replacement or current cost over stated LIFO value and the effects of a LIFO quantities liquidation that impacts net income.

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