XML 97 R14.htm IDEA: XBRL DOCUMENT v3.3.0.814
7. ASSETS HELD FOR SALE
12 Months Ended
Jun. 30, 2015
Assets Held For Sale  
ASSETS HELD FOR SALE

7. ASSETS HELD FOR SALE

 

During the fourth quarter of 2015, the operations in Malaysia planned to sell its factory building in Penang, Malaysia. In May 2015, Trio-Tech Malaysia was approached by a potential buyer to purchase the factory building. Negotiation is still ongoing and is subject to approval by Penang Development Corporation. In accordance with ASC Topic 360, the property was reclassified from investment property, which had a net book value of RM 371, or approximately $98, to assets held for sale since there was an intention to sell the factory building. There was no such asset in the prior year.