Note 9 - Intangible Assets

6 Months Ended

Nov. 30, 2014

Notes

Note 9 - Intangible Assets

NOTE 9 – INTANGIBLE ASSETS

Intangible assets as of the balance sheet dates are summarized as follows:

	November 30, 2014	May 31, 2014
At cost:
Operating concession	$436,929	$438,670
Customer base	81,560	81,450
IT license and software	2,281,256	2,276,992
	2,799,745	2,797,112
Less: Accumulated depreciation	(930,698)	(857,499)
Intangible assets, net	$1,869,047	$1,939,613

Amortization expense attributable to continuing operations for the six months ended November 30, 2014 and 2013 amounted to $73,215 and $58,210, respectively. Amortization expense attributable to discontinued operations for the three months ended November 30, 2014 and 2013 amounted to $Nil and $Nil, respectively.