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Property, Plant and Equipment

12 Months Ended

May 31, 2013

NOTE 7 – PROPERTY, PLANT AND EQUIPMENT

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

	2013	2012
At cost:
Computer and software	$587,392	$553,680
Telecommunication equipment	5,048,888	4,895,607
Furniture, fixtures and equipment	205,308	213,144
Motor vehicles	125,871	32,516
Leasehold improvement	35,253	33,912
	6,002,712	5,728,859

Less: Accumulated depreciation	(4,102,151)	(3,361,539)
Property, plant and equipment, net	$1,900,561	$2,367,320

Depreciation expense for the years ended May 31, 2013 and 2012 amounted to $651,531 and $647,538, respectively.

- Definition

The entire disclosure for long-lived, physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, accounting policies and methodology, roll forwards, depreciation, depletion and amortization expense, including composite depreciation, accumulated depreciation, depletion and amortization expense, useful lives and method used, income statement disclosures, assets held for sale and public utility disclosures.

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