Annual report pursuant to Section 13 and 15(d)

Note 11 - Investment Under Equity Method (Tables)

v2.4.0.6
Note 11 - Investment Under Equity Method (Tables)
12 Months Ended
Jun. 30, 2012
Schedule Of Joint Venture [Table Text Block]
       
Net book value at June 30, 2010
  $ 200,506  
         
Net loss for the year ended June 30, 2011
    (542,929 )
NetSol's share (50.1%)
    (272,007 )
Loss adjusted against investment
    (200,506 )
         
Net book value at June 30, 2011
  $ -  
         
Investment during the period
    100,000  
Net loss for the year ended June 30, 2012
    (503,303 )
NetSol's share (50.1%)
    (252,155 )
Unabsorbed losses brought forward
    (51,731 )
Total loss
    (303,886 )
Loss adjusted against investment
    (100,000 )
Loss adjusted against advance to investee
    (200,000 )
Net book value at June 30, 2012
  $ -