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Inventories, net
12 Months Ended
Dec. 31, 2017
Inventories, net
 

 

2017

 

 

2016

 

 

 

US$’000

 

 

US$’000

 

 

 

 

 

 

 

 

Raw materials   132    115 
Work in progress   48    29 
Finished goods   748    554 
    928    698 
Provision for obsolete and slow moving inventories   (432)   (354)
     
    496    344 

 

  Movements in the provision for obsolete and slow moving inventories are as follows:

 

 

 

2017

 

 

2016

 

 

 

US$’000

 

 

US$’000

 

 

 

 

 

 

 

 

At January 1   354    318 
Provision during the year   68    43 
Exchange differences   10    (7) 
At December 31   432    354 

 

Management continuously reviews obsolete and slow moving inventories and assesses the inventory valuation to determine if the provision is deemed appropriate. For the years ended December 31, 2017, and 2016 provision for obsolete and slow moving inventories amounted to US$68,000 and US$43,000, respectively, which were charged to cost of revenue in consolidated statements of operations and comprehensive income / (loss).

ZHEJIANG TIANLAN  
Inventories, net
 

 

2017

 

 

2016

 

 

 

RMB’000

 

 

RMB’000

 

Raw materials   4,741    5,606 
Work in progress   6,452    7,269 
Finished goods   3,924    230 
    15,117    13,105 
ZHEJIANG JIAHUAN  
Inventories, net
 

 

2017

 

 

2016

 

 

 

RMB’000

 

 

RMB’000

 

Raw materials   1,764    6,529 
Work in progress   11,316    11,264 
Finished goods   1,977    10,212 
    15,057    28,005