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NON-CONTROLLING INTEREST
12 Months Ended
Jun. 30, 2021
Noncontrolling Interest [Abstract]  
NON-CONTROLLING INTEREST

In accordance with the provisions of ASC Topic 810, the Company has classified the noncontrolling interest as a component of stockholders’ equity in the accompanying consolidated balance sheets. Additionally, the Company has presented the net income attributable to the Company and the noncontrolling ownership interests separately in the accompanying consolidated financial statements.

 

Noncontrolling interest represents the minority stockholders’ share of 45% of the equity of Trio-Tech Malaysia Sdn. Bhd., 45% interest in SHI International Pte. Ltd., and 24% interest in Prestal Enterprise Sdn. Bhd., which are subsidiaries of the Company.

 

The table below reflects a reconciliation of the equity attributable to noncontrolling interest:

 

      For the Year Ended June 30,        
Noncontrolling interest   2021     2020  
Beginning balance   $ 1,180     $ 1,195  
Net (loss)/ income     (564 )     238  
Dividend declared by a subsidiary     (189 )     (235 )
Translation adjustment     (8 )     (18 )
Ending balance   $ 419     $ 1,180