LAND USE RIGHTS (Land use rights)
12 Months Ended
Dec. 31, 2013
Land use rights
 
Land use rights  
LAND USE RIGHTS

10.LAND USE RIGHTS

 

Land use rights and their related accumulated amortization as of December 31, 2012 and 2013 are as follows:

 

 

 

December 31,

 

 

 

2012

 

2013

 

 

 

US$

 

US$

 

Land use right

 

47,521

 

47,521

 

Less: Accumulated amortization

 

(4,614

)

(5,778

)

Foreign currency translation adjustment

 

5,733

 

7,219

 

Total

 

48,640

 

48,962

 

 

The estimated annual amortization expenses for each of the five succeeding fiscal years are as follows:

 

 

 

US$

 

2014

 

1,192

 

2015

 

1,192

 

2016

 

1,192

 

2017

 

1,192

 

2018

 

1,192