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AVAILABLE-FOR-SALE SECURITIES

12 Months Ended

Feb. 29, 2012

AVAILABLE-FOR-SALE SECURITIES

AVAILABLE-FOR-SALE SECURITIES

6. AVAILABLE-FOR-SALE SECURITIES

In August 2007 and December 2009, the Group bought two securities in mutual funds named Wan Jia He Xie Financing Fund and Guo Du No. 1 An Xin Shou Yi, respectively.

The available-for-sale securities measured and recorded at fair value on a recurring basis were as follows:

Balances as of February 28, 2009		$	340,418
Purchase		1,464,231
Changes in fair value		112,708
Foreign exchange difference		799
Balance as of February 28, 2010		$	1,918,156
Disposed		(1,470,660		)
Changes in fair value		2,850
Foreign exchange difference		15,363
Balance as of February 28, 2011		$	465,709
Changes in fair value		(121,895		)
Foreign exchange difference		17,989
Balance as of February 29, 2012		$	361,803

The company has determined the changes in fair value are deemed to be temporary as of February 29, 2012.

The following provides additional information concerning the Group’s available-for-sale securities:

		As of February 28, 2011											As of February 29, 2012
					Gross			Gross								Gross		Gross
					unrealized			unrealized								unrealized		unrealized
		Cost			gains			(losses)		Fair value			Cost			gains		(losses)			Fair value
Mutual fund		$	356,580		$	109,129		—		$	465,709		$	374,569		—		$	(12,766	)	$	361,803

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Tabular disclosure of investments in certain debt and equity securities (and certain other trading assets) which include all debt and equity securities (other than those equity securities accounted for under the equity or cost methods of accounting) with readily determinable fair values. Other trading assets include assets that are carried on the balance sheet at fair value and held for trading purposes. A debt security represents a creditor relationship with an enterprise that is in the form of a security. Debt securities include, among other items, US Treasury securities, US government securities, municipal securities, corporate bonds, convertible debt, commercial paper, and all securitized debt instruments. An equity security represents an ownership interest in an enterprise or the right to acquire or dispose of an ownership interest in an enterprise at fixed or determinable prices. Equity securities include, among other things, common stock, certain preferred stock, warrant rights, call options, and put options, but do not include convertible debt. An entity may opt to provide the reader with additional narrative text to better understand the nature of investments in debt and equity securities (and other trading assets).

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