v3.2.0.727

CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)	Jul. 31, 2015	Oct. 31, 2014
Current assets:
Cash and cash equivalents		$ 1,260,779
Total current assets		1,260,779
Non-current assets:
Property, plant and equipment	$ 416,900	425,027
Investment in an unconsolidated related party entity	557,881
Total non-current assets	974,781	425,027
TOTAL ASSETS	974,781	1,685,806
Current liabilities:
Amount due to a shareholder		647,533
Accounts payables and accrued liabilities	26,630	14,131
Total liabilities	$ 26,630	$ 661,664
Stockholders' equity:
Preferred stock, 500,000,000 authorized preferred shares of $0.001 par value, none issued and outstanding
Common stock, 3,000,000,000 authorized common shares of $0.001 par value, 1,611,487,500 and 1,011,487,500 shares issued and outstanding as of July 31, 2015 and October 31, 2014, respectively	$ 1,611,488	$ 1,011,488
Additional paid-in capital	460,559	460,559
Subscription receivable	(600,000)
Accumulated deficit	(523,896)	(447,905)
Total stockholders' equity	948,151	1,024,142
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY	$ 974,781	$ 1,685,806

Represent the value of investment in an unconsolidated entity.

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Sum of the carrying values as of the balance sheet date of obligations incurred through that date and due within one year (or the operating cycle, if longer), including liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received, taxes, interest, rent and utilities, accrued salaries and bonuses, payroll taxes and fringe benefits.

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Value received from shareholders in common stock-related transactions that are in excess of par value or stated value and amounts received from other stock-related transactions. Includes only common stock transactions (excludes preferred stock transactions). May be called contributed capital, capital in excess of par, capital surplus, or paid-in capital.

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Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events.

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ROYALE GLOBE HOLDING INC. 10-Q