LINES OF CREDIT

9 Months Ended

Mar. 31, 2019

Notes to Financial Statements

LINES OF CREDIT

Carrying value of the Company’s lines of credit approximates its fair value because the interest rates associated with the lines of credit are adjustable in accordance with market situations when the Company borrowed funds with similar terms and remaining maturities.

The Company’s credit rating provides it with readily and adequate access to funds in global markets.

As of March 31, 2019, the Company had certain lines of credit that are collateralized by restricted deposits.

Entity with	Type of	Interest	Expiration		Credit		Unused
Facility	Facility	Rate	Date		Limitation		Credit
Trio-Tech International Pte. Ltd., Singapore	Lines of Credit	Ranging from 1.83% to 5.5%		-	$	4,206	$	4,072
Trio-Tech (Tianjin) Co., Ltd.	Lines of Credit	5.22% to 6.3%		-	$	1,490	$	1,250
Universal (Far East) Pte. Ltd.	Lines of Credit	Ranging from 1.83% to 5.5%		-	$	369	$	121

As of June 30, 2018, the Company had certain lines of credit that are collateralized by restricted deposits.

Entity with	Type of	Interest	Expiration		Credit		Unused
Facility	Facility	Rate	Date		Limitation		Credit
Trio-Tech International Pte. Ltd., Singapore	Lines of Credit	Ranging from 1.6% to 5.5%		-	$	4,183	$	3,325
Trio-Tech (Tianjin) Co., Ltd.	Lines of Credit	5.22%		-	$	1,511	$	437
Universal (Far East) Pte. Ltd.	Lines of Credit	Ranging from 1.6% to 5.5%		-	$	367	$	256

Trio-Tech International Pte. Ltd. signed an agreement with a bank to sub-allocate a portion of the facility thereunder to Universal (Far East) Pte. Ltd. for an Accounts Payable Financing facility for Singapore Dollar of 500, or approximately $369. Interest charged ranges between 1.83% and 5.5%. The financing facility was set up to facilitate the working capital in our operations in Singapore. The Company started to use this facility in fiscal year 2018.