27. NON-CONTROLLING INTEREST

12 Months Ended

Jun. 30, 2016

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, the Company has classified the non-controlling interest as a component of stockholders’ equity in the accompanying 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 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:

		For the Year Ended June 30,
Non-controlling interest		2016			2015
Beginning balance	$	1,736		$	1,732
Net income		282			303
Dividend declared by a subsidiary		(181	)		-
Translation adjustment		(223	)		(299	)
Ending balance	$	1,614		$	1,736