Panjawattana Plastic Public Company Limited

- 26 -PANJAWATTANA PLASTIC PUBLIC COMPANY LIMITED AND ITS SUBSIDIARIESNOTES TO FINANCIAL STATEMENTS (CONT.)DECEMBER 31, 2012 AND 20118. INVENTORIESInventories consisted of :-Consolidated financial statementsBahtSeparate financial statements2012 2011 2012 2011Finished goods 60,605,884.95 49,009,839.47 51,222,374.92 36,563,369.62Work in process 17,625,559.90 16,842,896.97 15,250,035.11 14,194,203.52Raw material 48,007,988.29 37,496,959.14 41,213,392.63 35,393,420.36Supplies 3,505,541.50 5,074,136.99 3,461,310.06 5,051,248.34Mold 20,533,146.21 17,637,600.00 20,533,146.21 17,637,600.00Goods in transit 1,142,910.98 - 1,142,910.98 -Less Allowance for diminution at net151,421,031.83 126,061,432.57 132,823,169.91 108,839,841.84realizable value (2,479,051.86) (2,379,923.67) (2,296,174.54) (1,987,514.07)Inventories - net 148,941,979.97 123,681,508.90 130,526,995.37 106,852,327.77The movement of allowance for diminution at net realizable value during the years were as follow:BahtAllowance for diminution at net realizableConsolidated financial statementsSeparate financial statements2012 2011 2012 2011value - beginning 2,379,923.67 1,087,177.55 1,987,514.07 1,087,177.55Add Reserve within years 2,012,733.68 1,809,714.94 1,977,621.29 1,417,305.34Less Transferred out within years (1,913,605.49) (54,968.82) (1,668,960.82) (54,968.82)Less Write off within years - (462,000.00) - (462,000.00)Allowance for diminution at net realizablevalue – ending 2,479,051.86 2,379,923.67 2,296,174.54 1,987,514.0799