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Note 8 - Property, Plant and Equipment

6 Months Ended

Nov. 30, 2014

NOTE 8 – PROPERTY, PLANT AND EQUIPMENT

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

	November 30, 2014	May 31, 2014
At cost:
Computer and software	$103,622	$102,023
Telecommunication equipment	5,459,342	5,297,796
Furniture, fixtures and equipment	114,923	61,887
Motor vehicles	126,907	126,133
Leasehold improvement	35,467	35,319
	5,840,261	5,623,158
Less: Accumulated depreciation	(4,455,624)	(4,171,264)

Property, plant and equipment, net	$1,384,637	$1,451,894

Depreciation expense attributable to continuing operations for the six months ended November 30, 2014 and 2013 amounted to $257,974 and $239,598, respectively. Depreciation expense attributable to discontinued operations for the six months ended November 30, 2014 and 2013 amounted to $3,689 and $97,317, 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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