XML 43 R28.htm IDEA: XBRL DOCUMENT v3.5.0.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Jun. 30, 2016
Accounting Policies [Abstract]  
Schedule Of Condensed Balance Sheet [Table Text Block]
The carrying amount and classification of Sino-China's assets and liabilities included in the Company’s Consolidated Balance Sheets were as follows:
 
 
 
June 30,
 
June 30,
 
 
 
2016
 
2015
 
 
 
 
 
 
 
 
 
Total current assets
 
$
31,128
 
$
59,069
 
Total assets
 
 
129,463
 
 
189,499
 
Total current liabilities
 
 
7,222
 
 
19,732
 
Total liabilities
 
 
7,222
 
 
19,732
 
Schedule Of Differences Between Reported Amount and Reporting Currency Denominated Amount [Table Text Block]
The exchange rates for the years ended June 30, 2016 and 2015 are as follows:
 
 
 
June 30,
 
 
 
2016
 
2015
 
Foreign currency
 
Balance
Sheet
 
Profits/Loss
 
Balance
Sheet
 
Profits/Loss
 
1RMB: USD
 
 
6.6487
 
 
6.4416
 
 
6.1988
 
 
6.1877
 
1AUD:USD
 
 
1.3433
 
 
1.3755
 
 
1.2986
 
 
1.2027
 
1HKD:USD
 
 
7.7595
 
 
7.7594
 
 
7.7520
 
 
7.7537
 
1CAD:USD
 
 
1.2992
 
 
1.3266
 
 
1.2475
 
 
1.1740
 
Schedule Of Estimated Useful Lives Of Property And Equipment [Table Text Block]
Depreciation is calculated on a straight-line basis over the following estimated useful lives:
 
Buildings
20 years
Motor vehicles
5-10 years
Furniture and office equipment
3-5 years