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EXCEL - IDEA: XBRL DOCUMENT - CHINA MEDIA INC.Financial_Report.xls
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v2.4.0.6
CHINA MEDIA INC. - CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (USD $)
12 Months Ended
Jun. 30, 2012
Jun. 30, 2011
Revenues $ 1,280,474 $ 1,405,410
Cost of revenues 962,024 1,205,600
Gross profit 318,450 199,810
Selling, general and administrative 312,509 251,133
Depreciation and amortization expense 30,587 35,616
Total operating expenses 343,096 286,749
Interest income 95,095 32,942
Government subsidies/grants 0 3,014
Interest expense (6,902) (14,525)
Net income (loss) before income taxes 63,547 (65,508)
Income taxes 7,961 1,402
Net Income (Loss) 55,586 (66,910)
Less: Net loss attributable to non-controlling interest 0 (10,646)
Net income (loss) attributable to China Media, Inc. 55,586 (56,264)
Foreign currency translation gain 163,208 336,424
Comprehensive income (loss) 218,794 269,514
Less: Comprehensive income attributable to non-controlling interest 0 25,108
Comprehensive income (loss) attributable to China Media Inc. $ 218,794 $ 244,406
Net income (loss) per common share, basic and diluted $ 0 $ 0
Weighted average number of shares outstanding- basic and diluted 39,750,000 39,750,000