3. TERM DEPOSITS

12 Months Ended

Jun. 30, 2017

Term Deposits

TERM DEPOSITS

	June 30,  2017			June 30,  2016
Short-term deposits	$	824		$	301
Currency translation effect on short-term deposits		(37	)		(6	)
Total short-term deposits		787			295
Restricted term deposits		1,722			2,085
Currency translation effect on restricted term deposits		(65	)		(18	)
Total restricted term deposits		1,657			2,067
Total Term deposits	$	2,444		$	2,362

Restricted deposits represent the amount of cash pledged to secure loans payable granted by financial institutions and serve as collateral for public utility agreements such as electricity and water and performance bonds related to customs duty payable. Restricted deposits are classified as non-current assets, as they relate to long-term obligations and will become unrestricted only upon discharge of the obligations. Short-term deposits represent bank deposits, which do not qualify as cash equivalents.