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8. Inventories

12 Months Ended

Dec. 31, 2013

		2013				2012
		US$’000				US$’000

Raw materials			124				147
Work in progress			47				59
Finished goods			323				447

			494				653

Management continuously reviews obsolete and slow moving inventories and assesses the inventory valuation to determine if the provision is deemed appropriate. For the year ended December 31, 2013, and 2012, provision for obsolete and slow moving inventories amounted to US$29,000 and US$10,000, respectively, which were charged to cost of revenue in Consolidated Statements of Income.

ZHEJIANG TIANLAN

		2013				2012
		RMB’000				RMB’000

Raw materials			7,425				6,321
Work in progress			5,485				1,264
Finished goods			2,066				1,569
			14,976				9,154

ZHEJIANG JIAHUAN

						(Unaudited)
		2013				2012
		RMB’000				RMB’000

Raw materials			2,680				1,689
Work in progress			15,068				12,302
Finished goods			20,410				17,647

			38,158				31,638

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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