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Note 1 - Summary of Significant Accounting Policies: Translation of Foreign Currencies (Policies)
12 Months Ended
Dec. 31, 2012
Policies  
Translation of Foreign Currencies

Translation of Foreign Currencies

 

Assets and liabilities of the Company’s foreign subsidiaries are translated into U.S. dollars at the applicable exchange rates at year-end.  Net gains or losses resulting from the translation of the Company’s assets and liabilities are reflected as a separate component of stockholders’ equity.  A negative translation impact on stockholders’ equity reflects a current relative U.S. Dollar value higher than at the point in time that assets were actually acquired in a foreign currency.  A positive translation impact would result from a U.S. dollar weaker in value than at the point in time foreign assets were acquired.

 

Income and expense items are translated at the weighted average rate of exchange (based on when transactions actually occurred) during the year.