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TERM DEPOSITS
6 Months Ended
Dec. 31, 2020
Deposits [Abstract]  
TERM DEPOSITS
   

Dec. 31,

 2020

(Unaudited)

   

June 30,

 2020

 
             
Short-term deposits   $ 6,723     $ 7,028  
Currency translation effect on short-term deposits     217       (190 )
Total short-term deposits     6,940       6,838  
Restricted term deposits     1,664       1,712  
Currency translation effect on restricted term deposits     88       (52 )
Total restricted term deposits     1,752       1,660  
Total term deposits   $ 8,692     $ 8,498  

 

Restricted deposits represent the amount of cash pledged to secure loans payable to financial institutions and 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 non-current assets, as they relate to long-term obligations and will become unrestricted only upon discharge of the obligations. Short-term deposits represent bank deposits, which do not qualify as cash equivalents.