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Note 4 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2012

Note 4 - Summary Of Significant Accounting Policies Tables

Depreciation is computed using the straight-line method over the estimated useful lives of the assets or the respective lease term, whichever is shorter, as follows:

Land		Nil
Land use rights		15 - 50 years
Buildings		5 - 30 years
Machinery and equipment		5 - 10 years
Motor vehicles		3 - 10 years
Office equipment		3 - 10 years

- Definition

Tabular disclosure of the useful life and salvage value of 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.

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