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27. NON-CONTROLLING INTEREST
12 Months Ended
Jun. 30, 2017
Notes to Financial Statements  
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., 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   2017     2016  
Beginning balance   $ 1,614     $ 1,736  
Net income     139       282  
Dividend declared by a subsidiary     (177 )     (181 )
Translation adjustment     (150 )     (223 )
Ending balance   $ 1,426     $ 1,614