Powering growth - Aztech Group Ltd - Investor Relations

74a z t e c h a n n u a l r e p o r t 2 0 0 9F i n a n c i a l S t a t e m e n t s11 INVENTORIESGROUP2009 2008$’000 $’000Finished goods 9,550 16,989Work-in-progress 4,189 6,180Raw materials 12,985 10,54426,724 33,71312 INVESTMENT IN SUBSIDIARIESCOMPANY2009 2008$’000 $’000Unquoted equity shares, at cost 89,614 98,685Deemed interest (4) 1,114 3,36490,728 102,049Impairment loss (7,192) (43,920)Carrying amount 83,536 58,129Movement in the provision for impairment:COMPANY2009 2008$’000 $’000Balance at beginning of year 43,920 43,920Amount written back during the year (9,114) -Transfer of shareholdings to a subsidiary (27,614) -Balance at end of year 7,192 43,920As disclosed in Note 3, an impairment assessment of the Company’s investment in subsidiaries has been performed to determine if there areindications that the investment might be impaired. The recoverable amounts of the investment are estimated from value-in-use calculations foractive subsidiaries and net book value of assets for dormant subsidiaries. As a result of the above assessment, an impairment write back of$9,114,000 was recognised in profit or loss for the year, as a result of the subsidiary’s return to profitability.