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Note 3 - Term Deposits
3 Months Ended
Sep. 30, 2023
Notes to Financial Statements  
Term Deposits [Text Block]

3.   TERM DEPOSITS

 

  

Sept. 30,

  

June 30,

 
  

2023

  

2023

 
  

(Unaudited)

     
         

Short-term deposits

 $5,968  $6,901 

Currency translation effect on short-term deposits

  (22

)

  (274

)

Total short-term deposits

  5,946   6,627 

Restricted term deposits - Current

  739   755 

Currency translation effect on restricted term deposits

  (2

)

  (16

)

Total restricted term deposits - Current

  737   739 

Restricted term deposits – Non-current

  1,734   1,763 

Currency translation effect on restricted term deposits

  (15)  (47

)

Total restricted term deposits - Non-current

  1,719   1,716 

Total term deposits

 $8,402  $9,082 

 

Restricted deposits represent the amount of cash pledged to secure loans payable or trade financing granted by financial institutions, serve as collateral for public utility agreements such as electricity and water, and performance bonds related to customs duty payable. Restricted deposits are classified as current and non-current depending on whether they relate to long-term or short-term obligations. Restricted deposits of $737 as at September 30, 2023 are classified as current assets as they relates to short-term trade financing. On the other hand, restricted deposits of $1,719 as at September 30, 2023 are classified as non-current assets as they relate to long-term obligations and will become unrestricted only upon discharge of the obligations.