3. TERM DEPOSITS

12 Months Ended

Jun. 30, 2018

Term Deposits

TERM DEPOSITS

	June 30,  2018		June 30,  2017
Short-term deposits	$	606	$	824
Currency translation effect on short-term deposits		47		(37	)
Total short-term deposits		653		787
Restricted term deposits		1,664		1,722
Currency translation effect on restricted term deposits		31		(65	)
Total restricted term deposits		1,695		1,657
Total Term deposits	$	2,348	$	2,444

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.