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ASSETS HELD FOR SALE | 12 Months Ended
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Jun. 30, 2012
Assets Held For Sale |
Note 29. ASSETS HELD FOR SALE (In Thousands) | During the third quarter of fiscal 2011, Trio-Tech (Malaysia) Sdn. Bhd. (“TTM”), a 55% owned subsidiary of the Registrant, planned to sell its factory building in Penang, Malaysia, which was being used as its testing facility before it moved its entire operations to Petaling Jaya, Malaysia. The Penang, Malaysia operation ceased the deprecation of that property in accordance with ASC Topic 360 Property, plant and equipment. The asset is available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such assets. Accordingly, the Company believes that the assets held for sale should be classified as current assets and that the fair value of this property, less cost to sell, is higher than its book value, and in accordance with ASC Topic 360 the asset held for sale was recorded at a net book value of $130 based on the exchange rate as at June 30, 2012 published by the Monetary Authority of Singapore.

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