LINES OF CREDIT

6 Months Ended

Dec. 31, 2018

Notes to Financial Statements

LINES OF CREDIT

Carrying value of the Company’s lines of credit approximates its fair value because the interest rates associated with the lines of credit are adjustable in accordance with market situations when the Company borrowed funds with similar terms and remaining maturities.

The Company’s credit rating provides it with readily and adequate access to funds in global markets.

As of December 31, 2018, the Company had certain lines of credit that are collateralized by restricted deposits.

Entity with	Type of	Interest		Expiration		Credit		Unused
Facility	Facility	Rate		Date		Limitation		Credit
Trio-Tech International Pte. Ltd., Singapore	Lines of Credit		Ranging from 1.6% to 5.5%	$	-	$	4,172	$	3,310
Trio-Tech (Tianjin) Co., Ltd.	Lines of Credit		Ranging form 5.22% to 6.3%	$	-	$	1,454	$	404
Universal (Far East) Pte. Ltd.	Lines of Credit		Ranging from 1.6% to 5.5%	$	-	$	366	$	245

As of June 30, 2018, the Company had certain lines of credit that are collateralized by restricted deposits.

Entity with	Type of	Interest		Expiration		Credit		Unused
Facility	Facility	Rate		Date		Limitation		Credit
Trio-Tech International Pte. Ltd., Singapore	Lines of Credit		Ranging from 1.6% to 5.5%	$	-	$	4,183	$	3,325
Trio-Tech (Tianjin) Co., Ltd.	Lines of Credit		5.22%	$	-	$	1,511	$	437
Universal (Far East) Pte. Ltd.	Lines of Credit		Ranging from 1.6% to 5.5%	$	-	$	367	$	256

On January 4, 2018, Trio-Tech International Pte. Ltd. signed an agreement with a bank to sub-allocate a portion of the facility thereunder to its subsidiary - Universal (Far East) Pte. Ltd. for an Accounts Payable Financing facility for S$500, or approximately $367 based on the market exchange rate. Interest charged ranges between 1.6% and 5.5%. The financing facility was set up to facilitate the working capital in our operations in Singapore. The Company started to use this facility in fiscal year 2018.