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LOAN RECEIVABLE FROM PROPERTY DEVELOPMENT PROJECTS (Tables) | 6 Months Ended
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Dec. 31, 2014
Loan Receivable From Property Development Projects Tables |
Companys loans receivable from property development projects | The following table presents TTCQ’s loan receivable from property development projects in China as of December 31, 2014. The exchange rate is based on the date published by the Monetary Authority of Singapore as on December 31, 2014.
| Loan Expiry |  | Loan Amount |  |  | Loan Amount |
Short-term loan receivables | Date |  | (RMB) |  |  | (U.S. Dollars) |
JiangHuai (Project - Yu Jin Jiang An) | May 31, 2013 |  |  | 2,000 |  |  |  | 325 |
Less: allowance for impairment | Dec 31, 2013 |  |  | (2,000 | ) |  |  | (325 | )
Net loan receivable from property development projects |  |  |  | - |  |  |  | - |
| Loan Expiry |  | Loan Amount |  |  | Loan Amount |
Long-term loan receivables | Date |  | (RMB) |  |  | (U.S. Dollars) |
Jun Zhou Zhi Ye | Oct 31, 2016 |  |  | 5,000 |  |  |  | 814 |
Less: transfer – down-payment for purchase of property |  |  |  | (5,000 | ) |  |  | (814 | )
Net loan receivable from property development projects |  |  |  | - |  |  |  | - |
The following table presents TTCQ’s loan receivable from property development projects in China as of June 30, 2014.
| Loan Expiry |  | Loan Amount |  |  | Loan Amount |
Short-term loan receivables | Date |  | (RMB) |  |  | (U.S. Dollars) |
Investment in JiangHuai (Project - Yu Jin Jiang An) | May 31, 2013 |  |  | 2,000 |  |  |  | 325 |
Less: allowance for doubtful receivables | Dec 31, 2013 |  |  | (2,000 | ) |  |  | (325 | )
Net loan receivable from property development projects |  |  |  | - |  |  |  | - |
| Loan Expiry |  | Loan Amount |  |  | Loan Amount |
Long-term loan receivables | Date |  | (RMB) |  |  | (U.S. Dollars) |
Jun Zhou Zhi Ye | Oct 31, 2016 |  |  | 5,000 |  |  |  | 805 |
Net loan receivable from property development projects |  |  |  | 5,000 |  |  |  | 805 |

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