Basis of Presentation

3 Months Ended

Dec. 31, 2011

Organization, Consolidation and Presentation of Financial Statements

Basis of Accounting [Text Block]

3.  Basis of Presentation  

  a.   Fiscal Year  

The Company’s fiscal year ends on June 30. The accompanying consolidated financial statements of operations and cash flows include activities for the six months ended December 31, 2011 and 2010.

  b.   Principle of Consolidation  

The accompanying unaudited consolidated financial statements present the financial position, results of operations and cash flows of the Company and all entities in which the Company has a controlling voting interest. These consolidated financial statements include the financial statements of Sen Yu International Holdings, Inc. and its subsidiaries, namely, Advanced Swine, Heilongjiang Sen Yu, and Sino-Canadian Sen Yu. All significant intercompany transactions and balances are eliminated in consolidation.

The accompanying unaudited consolidated financial statements are prepared in accordance with US GAAP. This basis of accounting differs from that used in the statutory accounts of some of the Company’s subsidiaries, which were prepared in accordance with the accounting principles and relevant financial regulations applicable to enterprises with foreign investment in the PRC (“PRC GAAP”). Necessary adjustments were made to the subsidiaries’ statutory accounts to conform to U.S. GAAP to be included in these consolidated financial statements.