XML 79 R48.htm IDEA: XBRL DOCUMENT v3.19.2
BANK LOANS PAYABLE (Tables)
12 Months Ended
Jun. 30, 2019
Loans Payable [Abstract]  
Bank loans payable
    June 30, 2019     June 30, 2018  
Note payable denominated in RM for expansion plans in Malaysia, maturing in August 2024, bearing interest rate at bank’s lending rate minus 2% and 5.00% at June 30, 2019 and June 30, 2018 per annum, with monthly payments of principal plus interest through August 2024, collateralized by the acquired building with a carrying value of $2,683 and $2,809, as at June 30, 2019 and June 30, 2018, respectively.   $ 2 ,696     $ 1,615  
                 
Note payable denominated in U.S. dollars for expansion plans in Singapore and its subsidiaries, maturing in April 2020, bearing interest at the bank’s lending rate (3.96% for June 30, 2019 and June 30, 2018, respectively) with monthly payments of principal plus interest through April 2017. This note payable is secured by plant and equipment with a carrying value of $148 and $187 as of June 30, 2019 and June 30, 2018, respectively.     142       293  
                 
Total bank loans payable     2,838       1,908  
                 
Current portion of bank loan payable     494       380  
Currency translation effect on current portion of bank loan     (6 )     (13 )
                              Current portion of bank loan payable     488       367  
Long term portion of bank loan payable     2,344       1,528  
Currency translation effect on long-term portion of bank loan     (52 )     (91 )
                           Long term portion of bank loans payable   $ 2,292     $ 1,437  
Future minimum payments

Future minimum payments (excluding interest) as of June 30, 2019 were as follows:

 

2020   $ 488  
2021     362  
2022     380  
2023     399  
2024     407  
Thereafter     744  
Total obligations and commitments   $ 2,780  

 

Future minimum payments (excluding interest) as of June 30, 2018 were as follows:

 

2019   $ 367  
2020     372  
2021     242  
2022     254  
2023     267  
Thereafter     302  
Total obligations and commitments   $ 1,804