Note 20 - Restatements: Schedule of Condensed Financial Statements Restated (Tables)

12 Months Ended

Apr. 30, 2016

Tables/Schedules

Schedule of Condensed Financial Statements Restated

BALANCE SHEETS (extract)

ITEMS	Original 2015	Restated 2015
Assets
Current assets
Cash and cash equivalents	$5,062,576	$800,821
Fixed deposits pledged with bank	-	3,223,718
Other investment	-	1,038,037
	5,062,576	5,062,576
Liabilities and stockholders’ equity
Liabilities
Current liabilities
Deferred income	794,435	1,138,911
Account payable	781,362	382,094
Amount due to related parties	2,033,852	2,088,644
	3,609,649	3,609,649

STATEMENTS OF CASH FLOWS (extract)

ITEMS	Original 2015	Restated 2015
Cash flows from operating activities
Decrease in deferred income	50,642	395,118
(Decrease) in accounts payable	(2,017,011)	(2,416,279)
Net cash provided by continuing operating activities	704,909	650,117
Cash flows from investing activities
Cash flows from investing activities – continuing operations
Increase in trust fund	-	(1,038,037)
Increase in fixed deposits pledged with bank	-	(3,223,718)
Net cash provided by/(used in) continuing investing activities	2,591,274	(1,670,481)
Cash flows from financing activities
Increase in amount due to related parties	148,993	203,785
Net cash used in continuing financing activities	(1,161,676)	(1,106,884)
Net increase/(decrease) in cash and cash equivalents
Continuing operations	2,134,507	(2,127,248)
Cash and cash equivalents at end of year
Continuing operations	5,062,576	800,821