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NON CONTROLLING INTEREST

3 Months Ended

Nov. 30, 2011

Noncontrolling Interest Disclosure [Text Block]

NOTE 9 - NON CONTROLLING INTEREST

The remaining 30% ownership of Eco Ventures – Florida is recorded as Non Controlling interest in the consolidated financial statements.

A reconciliation of the non controlling loss attributable to the Company:

Net loss Attributable to the Company and transfers (to) from non-controlling interest for the three months ended November 30, 2011:

Net loss	$	417,407
Average Non-controlling interest percentage		30.0	%
Net loss attributable to the non-controlling interest	$	125,223

The following table summarizes the changes in Non Controlling Interest from November 9, 2010 (date of inception) through November 30, 2011:

Balance, November 9, 2010 (date of inception)	$	-
Non controlling interest portion of contributed capital		188,325
Net loss attributable to the non-controlling interest		(163,652	)
Balance, August 31, 2011		24,673
Net loss attributable to the non-controlling interest		(125,223	)
Balance, November 30, 2011	$	(100,550	)

- Definition

The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock.

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