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Inventories

12 Months Ended

Sep. 30, 2012

5	Inventories

	Inventories as of September 30, 2011 and 2012 consist of the following:

		2011			2012
Raw materials	$	21,294,868		$	24,358,840
Work-in-progress		9,366,491			13,912,685
Finished goods		43,605,308			39,531,622

		74,266,667			77,803,147
Provision for obsolete inventories		(7,125,699	)		(12,419,318	)

	$	67,140,968		$	65,383,829

	(Recovery of)/provision for obsolete inventories of $(1,807,330) and $5,139,589 was (credited) / charged to the consolidated statement of operations and comprehensive loss during the years ended September 30, 2011 and 2012, respectively.

	Part of the Company’s inventories with carrying value of US$23,495,137 and US$23,863,691 as of September 30, 2011 and 2012, respectively, was pledged under floating charge for certain loan agreements (see Note 11).

- 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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