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EXCEL - IDEA: XBRL DOCUMENT - Sanook Enterprises, Inc.Financial_Report.xls
10-K - Sanook Enterprises, Inc.g6420.txt
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EX-31.1 - Sanook Enterprises, Inc.ex31-1.txt
EX-32.1 - Sanook Enterprises, Inc.ex32-1.txt
EX-32.2 - Sanook Enterprises, Inc.ex32-2.txt
EX-31.2 - Sanook Enterprises, Inc.ex31-2.txt
v2.4.0.6
Note 1 - Organization and Description of Business Note 2 - Summary of Significant Accounting Policies: Foreign Currency Translation (Policies)
12 Months Ended
Aug. 31, 2012
Policies  
Foreign Currency Translation

Foreign Currency Translation

 

The Company's functional and reporting currency is the United States dollar. Monetary assets and liabilities denominated in foreign currencies are translated using the exchange rate prevailing at the balance sheet date. Non-monetary assets and liabilities denominated in foreign currencies are translated at rates of exchange in effect at the date of the transaction. Average monthly rates are used to translate expenses. Revenue and expenses are translated at average rates of exchange during the year. Gains and losses arising on translation or settlement of foreign currency denominated transactions or balances are included in the determination of net income (loss). The Company has not, to the date of these financial statements, entered into derivative instruments to offset the impact of foreign currency fluctuations.