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Inventories

9 Months Ended

Sep. 30, 2012

7.	Inventories

	September 30,		December 31,
	2012		2011
	(Unaudited)
	$		$

Raw materials		4,823,273		4,508,201
Work in progress		1,935,464		900,440
Finished goods		10,011,053		7,923,101
Packing materials		17,734		15,581
Consumables		177,292		165,619

		16,964,816		13,512,942

Where there is evidence that the utility of inventories, in their disposal in the ordinary course of business, will be less than cost, whether due to physical deterioration, obsolescence, changes in price levels, or other causes, the inventories are written down to their fair value for the difference with charges to cost of sales. $431,470 and $523,921 were written down for inventories as of September 30, 2012 and December 31, 2011, respectively.

- 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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