BANK LOANS PAYABLE

3 Months Ended

Sep. 30, 2012

Notes to Financial Statements

Note 14 - BANK LOANS PAYABLE

Bank loans payable consisted of the following:

	Sept. 30, 2012 (Unaudited)			June 30, 2012
Note payable denominated in Malaysian ringgit to a commercial bank for infrastructure investment, maturing in August 2024, bearing interest at the bank’s prime rate (effective interest approximately 5.10% at September 30, 2012) per annum, with monthly payments of principal plus interest of $ 23 through August 2024, collateralized by the acquired building with net book value of RM 12,370 or approximately $ 4,033.		2,699			2,629
Note payable denominated in U.S. dollars to a financial institution for working capital plans in Singapore and its subsidiaries, maturing in December 2014, bearing interest at the bank’s cost of fund plus 1.50% (effective interest approximately 5.02% at September, 2012) with monthly payments of principal plus interest of $ 58 through December 2014. This note payable is secured by plant and equipment with the net book value of Singapore dollar $ 1,013 or approximately $ 827.		1,354			1,510
Current portion		(784	)		(766	)
Long term portion of bank loans payable	$	3,269		$	3,373

Future minimum payments (excluding interest) as at September 30, 2012 were as follows:

2013	$	784
2014		792
2015		237
2016		169
2017		178
Thereafter		1,893
Total obligations and commitments	$	4,053