XML 15 R42.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
BANK LOANS PAYABLE (Tables)
6 Months Ended
Dec. 31, 2019
Loans Payable [Abstract]  
Bank loans payable
   Dec. 31, 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 December 31, 2019 and June 30, 2019, respectively) per annum, with monthly payments of principal plus interest through August 2028, collateralized by the acquired building with a carrying value of $2,677 and $2,683, as at December 31, 2019 and June 30, 2019, respectively.   2,483    2,638 
           
Note payable denominated in U.S. dollars for expansion plans in Singapore and its subsidiaries, maturing in June 2020, bearing interest at the bank’s lending rate (3.96% for December 31, 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 $128 and $148, as at December 31, 2019 and June 30, 2019, respectively.   66    142 
           
      Total bank loans payable  $2,549   $2,780 

 

Current portion of bank loan payable   419    494 
Currency translation effect on current portion of bank loan   3    (6)
                              Current portion of bank loan payable   422    488 
Long term portion of bank loan payable   2,116    2,344 
Currency translation effect on long-term portion of bank loan   11    (52)
                           Long term portion of bank loans payable  $2,127   $2,292 

 

Future minimum payments

Future minimum payments (excluding interest) as at December 31, 2019 were as follows: 

 

 Remainder of fiscal 2020   $304 
 2021    368 
 2022    386 
 2023    405 
 2024    413 
 Thereafter    673 
 Total obligations and commitments   $2,549 

 

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