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INVESTMENT PROPERTIES (Tables) | 6 Months Ended
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Dec. 31, 2015
Investment Properties Tables |
Companys investment in the property based on the exchange rate | The following table presents the Company’s investment in properties in China as of December 31, 2015. The exchange rate is based on the exchange rate as of December 31, 2015 published by the Monetary Authority of Singapore.
| Investment |  | Investment Amount |  |  | Investment Amount |
| Date |  | (RMB) |  |  | (U.S. Dollars) |
Purchase of Property I – MaoYe | Jan 04, 2008 |  |  | 5,554 |  |  |  | 894 |
Purchase of Property II – JiangHuai | Jan 06, 2010 |  |  | 3,600 |  |  |  | 580 |
Purchase of Property III – FuLi | Apr 08, 2010 |  |  | 4,025 |  |  |  | 648 |
Currency translation |  |  |  | - |  |  |  | (93 | )
Gross investment in rental properties |  |  |  | 13,179 |  |  |  | 2,029 |
Accumulated depreciation on rental properties |  |  |  | (3,949 | ) |  |  | (608 | )
Net investment in properties – China |  |  |  | 9,230 |  |  |  | 1,421 |
The following table presents the Company’s investment properties in China as of June 30, 2015. The exchange rate is based on the exchange rate as of June 30, 2015 published by the Monetary Authority of Singapore.
| Investment |  | Investment Amount |  |  | Investment Amount |
| Date |  | (RMB) |  |  | (U.S. Dollars) |
Purchase of Property I – MaoYe | Jan 04, 2008 |  |  | 5,554 |  |  |  | 894 |
Purchase of Property II – JiangHuai | Jan 06, 2010 |  |  | 3,600 |  |  |  | 580 |
Purchase of Property III – FuLi | Apr 08, 2010 |  |  | 4,025 |  |  |  | 648 |
Currency translation |  |  |  | - |  |  |  | 1 |
Gross investment in rental properties |  |  |  | 13,179 |  |  |  | 2,123 |
Accumulated depreciation on rental properties |  |  |  | (3,619 | ) |  |  | (583 | )
Net investment in properties – China |  |  |  | 9,560 |  |  |  | 1,540 |

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- Definition Tabular disclosure of lessor's property under leasing agreements and property available for lease (not currently under lease) by property class, the gross amount, accumulated depreciation and net amount of as of the balance sheet date. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=6454179&loc=d3e41551-112718 + Details
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