Summary of Significant Accounting Policies: Foreign Currency Translation (Policies)

6 Months Ended

Jun. 30, 2014

(i) Foreign currency translation

The accompanying consolidated financial statements are presented in United States dollars. The functional currency of the Company is the Hong Kong Dollar (HKD) and Renminbi (RMB). The consolidated financial statements are translated into United States dollars from RMB at period-end exchange rates as to assets and liabilities and average exchange rates as to revenues and expenses. Capital accounts are translated at their historical exchange rates when the capital transactions occurred.

The exchange rates used to translate amounts in HKD and RMB into USD for the purposes of preparing the consolidated financial statements were as follows:

	June 30, 2014	December 31, 2013	June 30, 2013
Twelve months ended HKD : USD exchange rate	-	7.75480	-
Six months ended HKD : USD exchange rate	7.75160	-	7.75720
Average six months ended HKD : USD exchange rate	7.75620	-	7.75911
Twelve months ended RMB : USD exchange rate	-	6.1140	-
Six months ended RMB : USD exchange rate	6.15770	-	6.18820
Average six months ended RMB : USD exchange rate	6.14411	-	6.24794

The RMB is not freely convertible into foreign currency and all foreign exchange transactions must take place through authorized institutions. No representation is made that the RMB amounts could have been, or could be, converted into USD at the rates used in translation. In addition, the current foreign exchange control policies applicable in PRC also restrict the transfer of assets or dividends outside the PRC.

ANTIVIRAL TECHNOLOGIES, INC. 10-Q