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Note 26 - Non-controlling Interest
12 Months Ended
Jun. 30, 2024
Notes to Financial Statements  
Noncontrolling Interest Disclosure [Text Block]

26.  NON-CONTROLLING INTEREST

 

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., Trio-Tech (Kuala Lumpur) Sdn. Bhd., SHI International Pte. Ltd., 48% of PT. SHI Indonesia, 24% interest in Prestal Enterprise Sdn. Bhd., and 49% interest in Trio-Tech Jiangsu Co., Ltd., 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,

 
   

2024

   

2023

 

Non-controlling interest

               

Beginning balance

  $ 165     $ 128  

Net income

    92       214  

Translation adjustment

    (8

)

    (177

)

Ending balance

  $ 249     $ 165