2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Apr. 30, 2013

Details of the Company’s subsidiaries are as follows:

Name	Domicile and date of incorporation	Registered capital	Effective ownership	Principal activities
Grimsby Investments, Ltd.	British Virgin Islands	U.S dollars $100	100%	Holding company
	8-Mar-12

ARX Springs Pte.	Republic of Singapore	Singapore dollars (“S$”) 100,000	100%	Holding company
	26-Mar-12

ARX Springs Pty. Ltd.	Australia	Australian dollars (“AUS$”) 30,000	100%	Pursuant to various agreements, ARX Springs has the right to explore, mine and extract gold and other minerals from certain properties.
	11-Nov-11

ARX Pacific Resources Pty. Ltd.	Australia	AUS$ 1,000	100%	Pursuant to various agreements, ARX Pacific has the right to explore, mine and extract gold and other minerals from certain properties.
	28-May-10

Foreign exchange rate table

	AUS $		SGD $
	2013	2012	2013	2012
Exchange rate on balance sheet dates USD : AUS$: S$ exchange rate	1.0324	1.0471	0.8096	0.8086

Average exchange rate for the period USD : AUS$: S$ exchange rate	1.0319	1.0436	0.8054	0.7931

- Definition

The entire disclosure for foreign currency transactions and translation. This may include description of foreign currency transactions, foreign currency gains and losses, explanation of change in cumulative translation adjustment, description of effect of subsequent foreign currency exchange rate change, cumulative translation adjustment movement, foreign currency translation adjustment by component movement, translation adjustment for net investment hedge movement, adjustment for long-term intercompany transactions, schedule of long-term intercompany balances and any other foreign currency transactions and translation related items.

+ References+ Details

ARX Gold Corp 10-K/A