Annual report pursuant to Section 13 and 15(d)

Note 11 - Investment Under Equity Method (Tables)

v2.4.0.8
Note 11 - Investment Under Equity Method (Tables)
 12 Months Ended
Jun. 30, 2013
Equity Method Investments and Joint Ventures [Abstract]  
Schedule Of Joint Venture [Table Text Block]
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
    (51,502 )
Total loss
    (303,657 )
Loss adjusted against investment
    (100,000 )
Loss adjusted against advance to investee
    (200,000 )
Net book value at June 30, 2012
  $ -  
         
Investment during the period
    -  
Net income for the year ended June 30, 2013
    1,096,086  
NetSol's share (50.1%)
    549,140  
Unabsorbed losses brought forward
    (3,657 )
Total income
    545,483  
Income adjusted against investment
    545,483  
Net book value at June 30, 2013
  $ 545,483