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INVESTMENT PROPERTIES (Tables) | 6 Months Ended
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Dec. 31, 2018
Investment Properties Tables |
Company 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, 2018. The exchange rate is based on the market rate as of December 31, 2018.
| Investment Date / Reclassification Date |  | Investment Amount (RMB) |  |  | Investment Amount (U.S. Dollars) |
Purchase of rental property – Property I - MaoYe Property | Jan 04, 2008 |  |  | 5,554 |  |  |  | 894 |
Currency translation |  |  |  | - |  |  |  | (87 | )
Reclassification as “Asset held for sale” | July 01, 2018 |  |  | (5,554 | ) |  |  | (807 | )
|  |  | - |  |  |  | - |
Purchase of rental property – Property II - JiangHuai | Jan 06, 2010 |  |  | 3,600 |  |  |  | 580 |
Purchase of rental property – Property III - Fu Li | Apr 08, 2010 |  |  | 4,025 |  |  |  | 648 |
Currency translation |  |  |  | - |  |  |  | (119 | )
Gross investment in rental property |  |  |  | 7,625 |  |  |  | 1,109 |
Accumulated depreciation on rental property | Sep 30, 2018 |  |  | (5,783 | ) |  |  | (841 | )
Reclassified as “Asset held for sale” | July 01, 2018 |  |  | 2,822 |  |  |  | 410 |
|  |  | (2,961 | ) |  |  | (431 | )
Net investment in property – China |  |  |  | 4,664 |  |  |  | 678 |
The following table presents the Company’s investment in properties in China as of June 30, 2018. The exchange rate is based on the market rate as of June 30, 2018.
| Investment Date |  | Investment Amount (RMB) |  |  | Investment Amount (U.S. Dollars) |
Purchase of rental property – Property I - Mao Ye Property | Jan 04, 2008 |  |  | 5,554 |  |  |  | 894 |
Purchase of rental property – Property II - JiangHuai | Jan 06, 2010 |  |  | 3,600 |  |  |  | 580 |
Purchase of rental property – Property III - Fu Li | Apr 08, 2010 |  |  | 4,025 |  |  |  | 648 |
Currency translation |  |  |  | - |  |  |  | (131 | )
Gross investment in rental property |  |  |  | 13,179 |  |  |  | 1,991 |
Accumulated depreciation on rental property | June 30, 2018 |  |  | (5,596 | ) |  |  | (845 | )
Net investment in property – China |  |  |  | 7,583 |  |  |  | 1,146 |
The following table presents the Company’s investment properties in Malaysia as of December 31, 2018 and June 30, 2018. 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 |  | (RM) |  |  | (U.S. Dollars) |
Reclassification of Penang Property | Dec 31, 2012 |  |  | 681 |  |  |  | 181 |
Currency translation |  |  |  | - |  |  |  | (16 | )
Reclassification as "Asset held for sale" |  |  |  | (681 | ) |  |  | (165 | )
|  |  | - |  |  |  | - |
Accumulated depreciation on rental property | June 30, 2015 |  |  | (310 | ) |  |  | (83 | )
Currency translation |  |  |  | - |  |  |  | 7 |
Reclassified as “Assets held for sale” | June 30, 2015 |  |  | (310 | ) |  |  | (76 | )
Net investment in rental property - Malaysia |  |  |  | - |  |  |  | - |

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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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 840 -SubTopic 20 -Section 50 -Paragraph 4 -Subparagraph (a) -URI http://asc.fasb.org/extlink&oid=84164653&loc=d3e41551-112718 + Details
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