XML 87 R41.htm IDEA: XBRL DOCUMENT v2.4.1.9
BANK LOANS PAYABLE (Tables)
9 Months Ended
Mar. 31, 2015
Bank Loans Payable Tables  
Bank loans payable
   

Mar. 31, 2015

(Unaudited)

    June 30, 2014  
Note payable denominated in Malaysian ringgit to a commercial bank for infrastructure investment, maturing in August 2024, bearing interest at the bank’s prime rate (5.4% to 6.9% at March 31, 2015) per annum, with monthly payments of principal plus interest through August 2024, collateralized by the acquired building with the net book value of Malaysian ringgit 11,964, or approximately $3,219.   $ 2,287     $ 2,786  
                 
Note payable denominated in U.S. dollars to a financial institution for working capital plans in Singapore and its subsidiaries, matured in November 2014, bearing interest at the bank’s prime rate plus 1.50% (5.1% at November 30, 2014) per annum, with monthly payments of principal plus interest through November 2014. This note payable was secured by plant and equipment with the net book value of Singapore dollars 585, or approximately $443 as at November 30, 2014 .     -       260  
                 
      Current portion     (169 )     (448 )
      Long term portion of bank loans payable   $ 2,118     $ 2,598  
Future minimum payments

 Future minimum payments (excluding interest) as at March 31, 2015 were as follows:

 

2015   $ 169  
2016     179  
2017     188  
2018     198  
2019     207  
Thereafter     1,346  
Total obligations and commitments   $ 2,287  

 

Future minimum payments (excluding interest) as at June 30, 2014 were as follows:

 

2015   $ 448  
2016     198  
2017     209  
2018     220  
2019     138  
Thereafter     1,833  
Total obligations and commitments   $ 3,046