PROPERTY AND EQUIPMENT

9 Months Ended

Mar. 31, 2012

6. PROPERTY AND EQUIPMENT

Property and equipment are as follows:

	March 31,		June 30,
	2012		2011
	US$		US$

Land and building		78,983		76,819
Motor vehicles		923,033		893,818
Computer equipment		127,239		110,479
Office equipment		46,582		37,059
Furniture & Fixtures		53,610		36,837
System software		121,125		117,807
Leasehold improvement		67,715		65,859

Total		1,418,287		1,338,678

Less : Accumulated depreciation and amortization		945,567		751,654

Property and equipment, net		472,720		587,024

- Definition

The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures.

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