BANK LOANS PAYABLE

12 Months Ended

Jun. 30, 2013

Bank Loans Payable

Note 10. BANK LOANS PAYABLE (In Thousands)

Bank loans payable consisted of the following:

	For the Year Ended June 30,
	2013			2012
Note payable denominated in Singapore dollars to a commercial bank for expansion plans in Singapore and China, bearing interest at the bank’s prime rate plus 1.50% (4.75% at June 30, 2012), with monthly payments of principal plus interest of $56, through December 2014. This note payable is secured by equipment with carrying value of $537 on the consolidated balance sheet.	$	885		$	1,510
Note payable denominated in Malaysian ringgit to a commercial bank for expansion plans in Malaysia, maturing in August 2024, bearing interest at the bank’s lending rate (4.55% at June 30, 2013 and 2012), with monthly payments of principal plus interest of $29 through August 2024 in fiscal 2013, and $29 through August 2014 in fiscal 2012. This loan payable is secured by a charge on the property in Malaysia with a carrying value of $4,252 and $5,635 as at June 30, 2013 and 2012, respectively.		2,498			2,629
Current portion		(770	)		(766	)
Long term portion of bank loans payable	$	2,613		$	3,373

Future minimum payments (excluding interest) as of June 30, 2013 were as follows:

2014	$	770
2015		413
2016		161
2017		169
2018		178
Thereafter		1,692
Total obligations and commitments	$	3,383