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4. Contract Costs and Estimated Profits in Excess of Billings

12 Months Ended

Jun. 30, 2013

Contract Costs and Estimated Profits in Excess of Billings

	June 30,
	2013		2012
Costs incurred on contracts in progress	$	3,463,691	$	3,074,540
Estimated contract profit		559,052		643,526
		4,022,743		3,718,066
Less: billings to date		3,323,400		2,790,988
Contract costs and related estimated profits in excess
of billings	$	699,343	$	927,078

- Definition

Entity's cash and cash equivalents accounting policy with respect to restricted balances. Restrictions may include legally restricted deposits held as compensating balances against short-term borrowing arrangements, contracts entered into with others, or company statements of intention with regard to particular deposits; however, time deposits and short-term certificates of deposit are not generally included in legally restricted deposits.

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