13. INVENTORIES
|
|
|
December 31, |
|
December 31, |
|
|
|
2016 |
|
2017 |
|
|
|
|
|
|
|
Raw materials |
|
8,853,776 |
|
7,547,870 |
|
Work-in-progress |
|
5,830,213 |
|
8,122,072 |
|
Finished goods |
|
3,095,633 |
|
4,354,676 |
|
Spare parts |
|
818,769 |
|
731,621 |
|
Packaging materials and others |
|
42,853 |
|
43,064 |
|
|
|
18,641,244 |
|
20,799,303 |
|
Less: provision for impairment of inventories |
|
(707,812) |
|
(452,594) |
|
|
|
17,933,432 |
|
20,346,709 |
Movements in the provision for impairment of inventories are as follows:
|
|
|
2016 |
|
2017 |
|
|
|
|
|
|
|
As at January 1, |
|
2,370,200 |
|
707,812 |
|
Provision for impairment of inventories |
|
122,047 |
|
193,138 |
|
Reversal arising from increase in net realisable value |
|
(69,395) |
|
(80,778) |
|
Reversal upon sales of inventories |
|
(1,715,040) |
|
(259,564) |
|
Disposal of Subsidiaries |
|
— |
|
(108,014) |
|
As at December 31, |
|
707,812 |
|
452,594 |
As at December 31, 2016 and 2017, the Group had no pledged inventories for bank and other borrowings.