Annual report pursuant to section 13 and 15(d)

Note 1 - Overview and Summary of Significant Accounting Policies: Foreign Currency Translation (Policies)

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Note 1 - Overview and Summary of Significant Accounting Policies: Foreign Currency Translation (Policies)
12 Months Ended
Sep. 30, 2012
Policies  
Foreign Currency Translation

Foreign Currency Translation

 

The financial statements are presented in United States dollars.  In accordance with current accounting standards, foreign denominated monetary assets and liabilities are translated into their United States dollar equivalents using foreign exchange rates which prevailed at the balance sheet date.  Equity accounts are translated at historical amounts. Revenue and expenses are translated at average rates of exchange during the year.  Gains or losses resulting from foreign currency transactions are included in results of operations.