BANK LOANS PAYABLE

9 Months Ended

Mar. 31, 2014

Notes to Financial Statements

BANK LOANS PAYABLE (IN THOUSANDS, EXCEPT EARNINGS PER SHARE AND NUMBER OF SHARES)

Bank loans payable consisted of the following:

	March 31, 2014 (Unaudited)			June 30, 2013
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 (5.1% at March 31, 2014) per annum, with monthly payments of principal plus interest through August 2024, collateralized by the acquired building with the net book value of Malaysian ringgit 12,085, or approximately $3,698.		2,783			2,498
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 prime rate plus 1.50% (5.1% at March 31, 2014) per annum, monthly payments of principal plus interest through December 2014. This note payable is secured by plant and equipment with the net book value of Singapore dollars 603, or approximately $478.		417			885
Current portion		(599	)		(770	)
Long term portion of bank loans payable	$	2,601		$	2,613

Future minimum payments (excluding interest) as at March 31, 2014 were as follows:

2013	$	599
2014		192
2015		203
2016		214
2017		179
Thereafter		1,813
Total obligations and commitments	$	3,200