16.

SUNDRY INCOME

Sundry income for the years ended December 31, 2012, 2011 and 2010 consist of the following:

	For the years ended
	2012		2011		2010

Local government subsidies	$	158,755	$	449,786	$	227,797
Transferred from receipts in advance, accounts payable and other receivables		57,571		11,835		542
Subcontracting income		-		19,565		-
Gain on disposal of motor vehicles		63,876		-		-
Others		71,281		121,061		41,901
	$	351,483	$	602,247	$	270,240

During the years ended December 31, 2012, 2011 and 2010, the Group received special one time subsidies from local government of Zhengzhou, China amounting to $158,755 and $449,786 and $227,797 respectively for its advance technology in manufacturing precision steel mill flat-rolled products. The subsidy is not a continuing nature and depends on the local government's policy announced within a valid period.