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Property, Plant And Equipment, Net

3 Months Ended

Jun. 30, 2011

Property, Plant And Equipment, Net [Text Block]

9.	Property, plant and equipment, net

			June 30,			December 31,
			2011			2010
			(Unaudited)
	Cost
	Buildings	$	3,923,270		$	3,847,047
	Plant and machinery		3,478,280			3,239,819
	Office equipment		674,077			612,154
	Motor vehicles		325,254			318,934

			8,400,881			8,017,954
	Accumulated depreciation		(3,269,196	)		(2,761,361	)
	Construction in progress		1,761,593			1,541,354

	Net	$	6,893,278		$	6,797,947

During the reporting periods, depreciation is included in :-

			Six months ended June 30,
			(Unaudited)
			2011			2010

	Cost of sales and overheads of inventories	$	210,267		$	184,899
	Research and development expenses		119,235			86,067
	Administrative expenses		117,762			132,629

		$	447,264		$	403,595

As of December 31, 2010, property, plant and equipment with net book values $2,931,629, were pledged as collateral under certain loan arrangements. These assets were released upon the maturity of the bank loans (Note 12).

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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