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# 1 On 1 July 2020 Minta Machineries Ltd enters into a binding agreement with a Hong Kong company, which requires the Hong Kong company

# 1 On 1 July 2020 Minta Machineries Ltd enters into a binding agreement with a Hong Kong company, which requires the Hong Kong company to construct an item of machinery for Minta Machineries Ltd. The cost of the machinery is HK$2,000,000. The machinery is completed on 1 July 2021 and shipped FOB Hong Kong on that date. The debt remains unpaid at 30 June 2022, which is also Minta Machineries Ltds reporting date. The exchange rates

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