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EXCEL - IDEA: XBRL DOCUMENT - XINHUA CHINA LTDFinancial_Report.xls
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EX-31.2 - CERTIFICATION - XINHUA CHINA LTDxinhua_ex312.htm
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v2.4.0.6
LOANS FROM SHAREHOLDERS
12 Months Ended
Jun. 30, 2012
Notes to Financial Statements  
Note 6 - LOANS FROM SHAREHOLDERS

The total outstanding amount of $12,229,322 represents cash advanced from shareholders of the Company.

 

These shareholders’ loans are unsecured and not repayable within the next twelve months.  For the years ended June 30, 2012 and 2011, there was $447,875 and $438,243 imputed interest, at 6.00% per annum, recorded.