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LOANS FROM BANKS (HIRE PURCHASE INSTALLMENT LOANS) (Tables)
12 Months Ended
Jun. 30, 2019
Debt Disclosure [Abstract]  
Schedule of the summary of loans from banks

 

 

June 30,

2019

 

 

June 30,

2018

 

Loans from banks

 

$ 193

 

 

$ 2,461

 

Loans from banks(non-current)

 

 

-

 

 

 

198

 

Total

 

$ 193

 

 

$ 2,659

 

Schedule of hire purchase installment

 

 

Interest Rate

 

Monthly Due

 

 

June 30,

2019

 

 

June 30,

2018

 

Financial institution in Malaysia

 

N/A*

 

 

-

 

 

 

-

 

 

 

-

 

Financial institution in Malaysia

 

N/A*

 

 

-

 

 

 

-

 

 

 

-

 

Financial institution in Malaysia

 

N/A*

 

 

207

 

 

 

194

 

 

 

2,735

 

Hire purchase loans payable to banks

 

 

 

 

 

 

 

$ 194

 

 

$ 2,735

 

______________

(*) Hire purchase installment loans with Motor Vehicles as collateral. The financial institutions in Malaysia are Islamic banks and bear no interest in the installment agreement. However, there are certain imprest charges equivalent to interests which are being calculated at an average annual rate of approximate 0.42% for the rest of entire loans life and periods.
Schedule of maturities of the CSL's hire purchase installment loans

June 30,

 

 

 

2020

 

$ 194

 

2021

 

 

 

 

2022

 

 

 

 

2023

 

 

 

 

Later years

 

 

 

 

Total minimum hire purchase installment payment

 

$ 194

 

Less: Amount representing imprest charges equivalent to interest (current portion: $1 and non-current portion: -)

 

 

1

 

Present value of net minimum lease payments (#)

 

$ 193

 

______________

(#) Minimum payment reflected in the balance sheet as current and non-current obligations under hire purchases installment loans as at June 30, 2019.