Creative 2002 Annual Report Download - page 33

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31
NOTE 3 – BALANCE SHEET DETAIL (in US$’000)
As of June 30
2002 2001
Inventory:
Raw materials $ 33,826 $ 66,509
Work in progress 5,658 6,882
Finished products 69,065 82,159
Total inventory $ 108,549 $ 155,550
Estimated As of June 30
Useful Life 2002 2001
Property and equipment:
Land and buildings 25 years $ 83,698 $ 83,203
Construction in progress – 1,013 96
Machinery and equipment 3 - 6 years 50,880 54,539
Furniture, fixtures and office equipments 2 - 8 years 82,690 62,430
Leasehold improvements Term of lease 11,981 12,879
230,262 213,147
Accumulated depreciation (125,514) (102,612)
Net property and equipment $ 104,748 $ 110,535
Included in property and equipment are assets purchased under capital lease obligations with a cost and accumulated
depreciation of approximately $10.4 million and $2.4 million for fiscal year 2002 and $0.3 million and $0.04 million for
fiscal 2001, respectively.