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15. BANK LOANS PAYABLE (Tables)
12 Months Ended
Jun. 30, 2016
Bank Loans Payable Tables  
Bank loans payable

 

    For the Year Ended June 30,  
    2016     2015  
Note payable denominated in U.S. dollars to a commercial bank for expansion plans in Singapore and its subsidiaries, maturing in March 2017, bearing interest at the bank’s lending rate (7.3% at June 30, 2016 and 2015), with monthly payments of principal plus interest of $16 and $18 through August 2024 in fiscal year 2016 and 2015, respectively. This note payable is secured by plant and equipment with the net book value of $294 and $357 as at June 30, 2016 and 2015, respectively.    

 

148

     

 

326

 
Note payable denominated in RM to a commercial bank for expansion plans in Malaysia, maturing in August 2024, bearing interest at the bank’s prime rate plus 1.50% (4.1% to 6.9% at June 30, 2016 and 2015), with monthly payments of principal plus interest of $22 and $12 through August 2024 in fiscal year 2016 and 2015, respectively. This loan payable is collateralized by the acquired building with the net book value of $2,898 and $3,146 as at June 30, 2016 and 2015, respectively.     1,919       2,218  
Current portion     (342)       (346 )
                 
Long term portion of bank loans payable   $ 1,725     $ 2,198  

Future minimum payments

Future minimum payments (excluding interest) as of June 30, 2016 were as follows:

 

2017   $ 342  
2018     204  
2019     215  
2020     226  
2021     239  
Thereafter     841  
Total obligations and commitments   $ 2,067  

 

Future minimum payments (excluding interest) as of June 30, 2015 were as follows:

 

2016   $ 346  
2017     322  
2018     183  
2019     193  
2020     203  
Thereafter     1,297  
Total obligations and commitments   $ 2,544