Looks like Japan is a huge project-complete in 2016?
As of March 31, 2016, the Company had $6,205,596 of Plant and Machinery assets representing the net book value of
operational solar farms in Romania. The assets have been valued based on actual cost of construction. We currently depreciate
the plants with a useful life of between 16 and 20 years.
As of March 31, 2016 the Company recorded $2,836,278 representing the actual construction costs incurred to date for the
Green Light GK solar project in Otaru, Japan. The project requires an estimated additional $2.5 million to complete during H1
2016. Based on this and future committed spending to complete the project, the carrying value was deemed fair and no
provisions are required.
