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NON-CONTROLLING INTEREST

9 Months Ended

Mar. 31, 2014

Notes to Financial Statements

NON-CONTROLLING INTEREST (IN THOUSANDS, EXCEPT EARNINGS PER SHARE AND NUMBER OF SHARES)

In accordance with the provisions of ASC Topic 810 Consolidation, the Company has classified the non-controlling interest as a component of stockholders’ equity in the accompanying condensed consolidated balance sheets. Additionally, the Company has presented the net income attributable to the Company and the non-controlling ownership interests separately in the accompanying condensed consolidated financial statements.

Non-controlling interest represents the minority stockholders’ share of 45% of the equity of Trio-Tech Malaysia Sdn. Bhd., 45% interest in SHI International Pte. Ltd., and 24% interest in Prestal Enterprise Sdn. Bhd., which are subsidiaries of the Company.

The table below reflects a reconciliation of the equity attributable to non-controlling interest:

		March 31, 2014			Dec. 31, 2013				Sept. 30, 2013
Non-controlling interest		(Unaudited)			(Unaudited)				(Unaudited)			June 30, 2013
Beginning balance		$	1,971		$	1,971		$	1,971			$	1,720
Net income / (loss)			195			98			101				(83	)
Dividend declared by a subsidiary			(158	)		(156	)		-				(39	)
Contributions to capital by related party – loan forgiveness			-			-			-				232
Translation adjustment			(113	)		(103	)		(105	)			141
Ending balance		$	1,895		$	1,810		$	1,967			$	1,971

The entire disclosure for noncontrolling interest in consolidated subsidiaries, which could include the name of the subsidiary, the ownership percentage held by the parent, the ownership percentage held by the noncontrolling owners, the amount of the noncontrolling interest, the location of this amount on the balance sheet (when not reported separately), an explanation of the increase or decrease in the amount of the noncontrolling interest, the noncontrolling interest share of the net Income or Loss of the subsidiary, the location of this amount on the income statement (when not reported separately), the nature of the noncontrolling interest such as background information and terms, the amount of the noncontrolling interest represented by preferred stock, a description of the preferred stock, and the dividend requirements of the preferred stock.

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