Note 7 - Intangible Assets

3 Months Ended

Jul. 31, 2016

Notes

Note 7 - Intangible Assets

NOTE 7 – INTANGIBLE ASSETS

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

	July 31, 2016	April 30, 2016
At cost:
Operating concession	$554,289	$566,773
Customer base	75,340	77,037
IT license and software	2,280,548	2,275,419
	2,910,177	2,919,229
Less: Accumulated depreciation	(1,345,063)	(1,309,388)
Intangible assets, net	$1,565,114	$1,609,841

Amortization expense attributable to the operations for the three months ended July 31, 2016 and 2015 amounted to $39,148 and $40,126, respectively.