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PROPERTY AND EQUIPMENT
9 Months Ended
Mar. 31, 2022
PROPERTY AND EQUIPMENT  
Note 4 - Property And Equipment

NOTE 4 - PROPERTY AND EQUIPMENT:

 

The Land owned by the Company’s wholly owned subsidiary constitutes the largest asset of the Company. During the period ending March 31, 2022 the Company recorded a decrease in the carrying value of the Land of $(44,096), 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,

2022

 

 

June 30,

2021

 

US Dollars

 

$601,982

 

 

$646,078