notes to consolidated financial statements Diodes Incorporated and Subsidiaries Note 3 – Property, Plant and Equipment Note 2 – Inventories Inventories, stated at the lower of cost or market value,  at December 31 were: Property, plant and equipment at December 31 were: The Company implemented an Enterprise Resource  Planning software system for which approximately  $2,511,000 and $0 is capitalized within construction in-progress in 2003 and 2004, respectively. The credit unused and available under the various  facilities as of December 31, 2004, totals $32.3 million,  as follows: Line of credit – The Company maintains credit facilities with several financial institutions through its affiliated entities in the United States and Asia.  2003  2004 Finished goods  $ 9,920,000  $13,118,000 Work-in-progress  1,818,000  2,025,000 Raw materials  6,519,000  9,240,000 18,257,000  24,383,000 Less: reserves  (2,093,000) (2,145,000)  $16,164,000  $22,238,000 2003  2004 Buildings and leasehold improvements   $ 5,894,000  $ 7,126,000 Construction in-progress  2,810,000  2,989,000 Machinery and equipment  74,171,000  90,151,000 82,875,000  100,266,000 Less: Accumulated depreciation and amortization  (35,244,000) (39,671,000) 47,631,000  60,595,000 Land 262,000  262,000  $ 47,893,000  $ 60,857,000 Outstanding at December 31, 2004 Credit Facility  Terms  2003  2004 $ 7,500,000  Revolving, collateralized by all assets, variable interest (prime rate, approximately 5.25% at December 31, 2004) due monthly  $ 5,782,000  $ 3,167,000 $ 5,000,000  Term loan, collateralized by all assets, variable interest (LIBOR + variable margin, approximately 3.8% at December 31, 2004) due monthly  3,333,000  4,597,000 $25,000,000  Unsecured, interest at LIBOR plus margin (approximately 2.3% at December 31, 2004) due quarterly 3,000,000  6,000,000 $ 8,960,000  Unsecured, variable interest plus margin (approximately 1.7% to 2.3% at December 31, 2003) due monthly 2,706,000  – $46,460,000  14,821,000  13,764,000 Less: Long-term debt, net of Related Party (included in table below)  (6,333,000)  (7,597,000) Line of credit $ 8,488,000  $ 6,167,000 38 Note 4 – Bank Credit Agreements and Long-Term Debt