XML 34 R43.htm IDEA: XBRL DOCUMENT v3.19.3
BANK LOANS PAYABLE (Tables)
3 Months Ended
Sep. 30, 2019
Loans Payable [Abstract]  
Bank loans payable
   

Sept. 30, 2019

(Unaudited)

    June 30, 2019  
Note payable denominated in RM for expansion plans in Malaysia, maturing in August 2028, bearing interest at the bank’s prime rate less 2.00% (4.85% and 5.00% at September 30, 2019 and June 30, 2019) per annum, with monthly payments of principal plus interest through August 2028, collateralized by the acquired building with a carrying value of $2,633 and $2,683, as at September 30, 2019 and June 30, 2019, respectively.     2,516       2,638  
                 
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 September 30, 2019 and June 30, 2019) with monthly payments of principal plus interest through June 2020. This note payable is secured by plant and equipment with a carrying value of $135 and $148, as at September 30, 2019 and June 30, 2019, respectively.     103       142  
                 
      Total bank loans payable   $ 2,619     $ 2,780  

 

Current portion of bank loan payable     366       494  
Currency translation effect on current portion of bank loan     (6 )     (6 )
Current portion of bank loan payable     360       488  
Long term portion of bank loan payable     2,292       2,344  
Currency translation effect on long-term portion of bank loan     (33 )     (52 )
Long term portion of bank loans payable   $ 2,259     $ 2,292  

 

Future minimum payments

Future minimum payments (excluding interest) as at September 30, 2019 were as follows: 

 

Remainder of fiscal 2020   $ 360  
2021   357  
2022     375  
2023     393  
2024     401  
Thereafter     733  
Total obligations and commitments   $ 2,619  

 

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

 

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