Property, plant and equipment, net

9 Months Ended

Sep. 30, 2012

Property, plant and equipment, net [Abstract]

Property, plant and equipment, net

	September 30,		December 31,
	2012		2011
	(Unaudited)
	$		$
Cost
Construction in progress		687,287		14,016,485
Furniture, fixtures and office equipment		3,010,510		2,734,321
Leasehold improvement		98,615		98,305
Machinery and equipment		15,203,124		13,429,090
Motor vehicles		1,305,719		1,225,948
Building		18,141,223		268,717
		38,446,478		31,772,866
Less: accumulated depreciation		7,491,032		6,310,210

		30,955,446		25,462,656

The Company recorded depreciation expenses of $1,565,147 and $1,262,178 for the nine months ended September 30, 2012 and 2011, respectively, and $633,433 and $437,170 for the three months ended September 30, 2012 and 2011, respectively.

The capitalized interest recognized in construction in progress was $1,038,284 and $492,716 as of September 30, 2012 and December 31, 2011, respectively.

No property, plant and equipment were pledged as collateral for bank loans as of September 30, 2012 and December 31, 2011.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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