OTHER INCOME

12 Months Ended

Jun. 30, 2012

Other Income [Abstract]

Note 19. OTHER INCOME (In Thousands)

Other income, net for fiscal years 2012 and 2011 was as follows:

	Year Ended June 30,
(In Thousands)	2012		2011
Interest income	$	291	$	187
Other rental income		39		51
Exchange (loss) gain		(431)		83
Other miscellaneous income		277		381
Total	$	176	$	702

The other miscellaneous income of $277 as at June 30, 2012 mainly included an allowance for obsolete stocks amounting to $32 charged to statement of comprehensive income in fiscal year 2011 which has been utilized during fiscal year 2012 and hence was classified under other income, an amount of $38 charged to a customer for the usage of utility as a one-time order and hence classified as other income, an amount of $79 received for the disposal of the option to purchase 15% of the investment in the joint venture and disposal of scrap amounted to $19 was classified as other incomes . The other miscellaneous income of $381 as at June 30, 2011 included reversal of contingent liability of $111 relating to the termination of a performance bond securing a contract, which bond is no longer required as the contract has been fulfilled, an allowance for stock obsolescence amounting to $110 charged to statement of comprehensive income in fiscal year 2010 which was utilized during fiscal year 2011 and hence was classified under other income, and an amount of $80 charged to a customer for the usage of utility as a one-time order and hence classified as other income. Interest income included approximately $291 for fiscal 2012 as compared to $170 in fiscal 2011, which represented the income from investment, which was reclassified as a loan receivable based on ASC Topic 325.