Increase of Other receivable - related companies mainly resulted from selling of HOWA machine to MMI INDUSTRIES (YIXING) CO., LTD at the amount approx 2 million USD. The amount were seperated into 3 installment approx 715,000 USD each period, one payment had been made and still 1.5 million USD still outstanding (45 million baht) and other 27 million baht is from interest revenue from MMIT loans of 150 million baht which were paid as of June 30 2013.
As MMI Precision (Thailand) Limited (“MMIT”) agreed with the Entity to sell its building and land in order to offset debt by using its carrying amount as of June 30, 2013 which is covered its debt, as aforementioned there is no allowance for doubtful debt, is recorded as at the statement of financial position date. "