Property, Plant and Equipment

12 Months Ended

May 31, 2012

NOTE 7 – PROPERTY, PLANT AND EQUIPMENT

Property, plant and equipment as of the balance sheet dates are summarized as follows:

	2012			2011
At cost:
Computer and software	$	553,680		$	553,328
Telecommunication equipment		4,895,607			4,784,536
Furniture, fixtures and equipment		213,144			219,869
Motor vehicles		32,516			31,800
Leasehold improvement		33,912			29,907
		5,728,859			5,619,440

Less: Accumulated depreciation		(3,361,539	)		(2,682,461	)
Property, plant and equipment, net	$	2,367,320		$	2,936,979

Depreciation expense for the years ended May 31, 2012 and 2011 amounted to $647,538 and $491,442, respectively.

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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