Land

9 Months Ended

Mar. 31, 2017

Notes to Financial Statements

4. LAND

The Land owned by the Company's wholly owned subsidiary constitutes the largest asset of the Company. As of March 31, 2017 the difference in the Land's carrying value as recorded on the balance sheet amounting to $(14,625) is solely due to the currency translation difference. The carrying value of the Land of the Company was as follows:

	Carrying Value of Land at
	March 31, 2017		June 30, 2016
US Dollars	$	580,655	$	595,280