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LOAN RECEIVABLE FROM PROPERTY DEVELOPMENT PROJECTS (Tables) | 3 Months Ended
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Sep. 30, 2015
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 September 30, 2015. The exchange rate is based on the date published by the Monetary Authority of Singapore as of March 31, 2015, since the net loan receivable was “nil” as at September 30, 2015.
| Loan Expiry Date |  | Loan Amount (RMB) |  |  | Loan Amount (U.S. Dollars) |
Short-term loan receivables |  |  |  |  |  |  |
JiangHuai (Project – Yu Jin Jiang An) | May 31,2013 |  |  | 2,000 |  |  |  | 325 |
Less: allowance for impairment |  |  |  | (2,000 | ) |  |  | (325 | )
Net loan receivables from property development projects |  |  |  | - |  |  |  | - |
Long-term loan receivables |  |  |  |  |  |  |  |  |
Jun Zhou Zhi Ye | Oct 31, 2016 |  |  | 5,000 |  |  |  | 814 |
Less: transfer – down-payment for purchase of investment properties |  |  |  | (5,000 | ) |  |  | (814 | )
Net loan receivables from property development projects |  |  |  | - |  |  |  | - |
The following table presents TTCQ’s loan receivable from property development projects in China as of June 30, 2015. The exchange rate is based on the date published by the Monetary Authority of Singapore as of March 31, 2015, since the net loan receivable was “nil” as at June 30, 2015.
| Loan Expiry Date |  | Loan Amount (RMB) |  |  | Loan Amount (U.S. Dollars) |
Short-term loan receivables |  |  |  |  |  |  |
JiangHuai (Project – Yu Jin Jiang An) | May 31,2013 |  |  | 2,000 |  |  |  | 325 |
Less: allowance for impairment |  |  |  | (2,000 | ) |  |  | (325 | )
Net loan receivables from property development projects |  |  |  | - |  |  |  | - |
Long-term loan receivables |  |  |  |  |  |  |  |  |
Jun Zhou Zhi Ye | Oct 31, 2016 |  |  | 5,000 |  |  |  | 814 |
Less: transfer – down-payment for purchase of investment properties |  |  |  | (5,000 | ) |  |  | (814 | )
Net loan receivables from property development projects |  |  |  | - |  |  |  | - |

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- Definition Tabular disclosure of the various types of trade accounts and notes receivable and for each the gross carrying value, allowance, and net carrying value as of the balance sheet date. Presentation is categorized by current, noncurrent and unclassified receivables. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.3,4) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 + Details
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