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EXCEL - IDEA: XBRL DOCUMENT - METWOOD INCFinancial_Report.xls
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EX-32 - METWOOD INCex32.htm
EX-31.1 - METWOOD INCex31_1.htm
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10-Q - METWOOD INCmetwood10q.htm
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v2.4.0.6
Consolitated Statements of Cash Flows (USD $)
3 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Statement of Cash Flows [Abstract]    
Net loss $ 21,681 $ (19,764)
Adjustments to reconcile net income to net cash from operating activities: Depreciation 20,057 22,100
Reversal of deferred income taxes 0 (10,584)
Accounts receivable (98,344) 26,855
Inventory 3,712 (82,485)
Recoverable income taxes 0 42,606
Other operating assets 62,981 (2,310)
Accounts payable and accrued expenses 24,468 58,553
Net cash provided by operating activities 34,555 34,971
INVESTING    
Capital expenditures (10,324) (19,326)
Proceeds from disposal of assets 0 33,811
Net cash (used for) provided by investing activities (10,324) 14,575
FINANCING    
Decrease in net borrowing 0 29,888
Decrease in borrowings from related party (7,874) (8,821)
Net cash used for financing activities (7,874) (38,709)
Net increase in cash 16,357 10,837
Cash, beginning of the year 58,646 180,448
Cash, end of the period   $ 191,285