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TERM DEPOSITS
12 Months Ended
Jun. 30, 2013
Term Deposits  
Note 25. TERM DEPOSITS (In Thousands)

 

    For the Year Ended June 30,  
    2013     2012  
Short-term deposits   $ 104     $ 250  
Restricted term deposits     3,494       3,445  
 Total   $ 3,598     $ 3,695  

 

Restricted deposits represent the amounts of cash pledged to secure loans payable granted by financial institutions and serve as collateral for public utility agreements such as electricity and water and performance bonds related to customs duty payable.  Restricted deposits are classified as non-current assets, as they relate to long-term obligations and will become unrestricted only upon discharge of the obligations. Short-term deposits represent bank deposits, which do not qualify as cash equivalents.