7. ASSETS HELD FOR SALE	12 Months Ended
Jun. 30, 2018
Assets Held For Sale
ASSETS HELD FOR SALE	During the fourth quarter of 2015, the operations in Malaysia planned to sell its factory building in Penang, Malaysia. In accordance with ASC Topic 360, during fiscal year 2015 the property was reclassified from investment property, which had a net book value of RM 371, or approximately $98, to assets held for sale, since there was an intention to sell the factory building. In May 2015, Trio-Tech Malaysia was approached by a potential buyer to purchase the factory building. On September 14, 2015, application to sell the property was rejected by Penang Development Corporation (PDC). The rejection was based on the business activity of the purchaser not suitable to the industry that is being promoted on the said property. PDC made an offer to purchase the property, which was not at the expected value and the offer expired on March 28, 2016. As of the end of fiscal year 2018, management is still working closely with PDC to confirm their interest on buying the factory while actively looking for a suitable buyer. The net book values of the building were RM371, or $91, for fiscal year 2018 and RM 371, or approximately $86, for fiscal year 2017.

7. ASSETS HELD FOR SALE

12 Months Ended

Jun. 30, 2018

During the fourth quarter of 2015, the operations in Malaysia planned to sell its factory building in Penang, Malaysia. In accordance with ASC Topic 360, during fiscal year 2015 the property was reclassified from investment property, which had a net book value of RM 371, or approximately $98, to assets held for sale, since there was an intention to sell the factory building. In May 2015, Trio-Tech Malaysia was approached by a potential buyer to purchase the factory building. On September 14, 2015, application to sell the property was rejected by Penang Development Corporation (PDC). The rejection was based on the business activity of the purchaser not suitable to the industry that is being promoted on the said property. PDC made an offer to purchase the property, which was not at the expected value and the offer expired on March 28, 2016. As of the end of fiscal year 2018, management is still working closely with PDC to confirm their interest on buying the factory while actively looking for a suitable buyer. The net book values of the building were RM371, or $91, for fiscal year 2018 and RM 371, or approximately $86, for fiscal year 2017.