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BANK LOANS PAYABLE (Tables) | 9 Months Ended
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Mar. 31, 2013
Bank Loans Payable Tables |
Bank loans payable | Bank loans payable consisted of the following:
|  | Mar. 31, 2013 (Unaudited) |  |  | June 30, 2012 |
Note payable denominated in Malaysian ringgit to a commercial bank for infrastructure investment, maturing in August 2024, bearing interest at the bank’s prime rate (4.75% at March 31, 2013) per annum, with monthly payments of principal plus interest through August 2024, collateralized by the acquired building. |  |  | 2,605 |  |  |  | 2,629 |
Note payable denominated in US dollars to a financial institution for working capital plans in Singapore and its subsidiaries, maturing in December 2014, bearing interest at the bank’s prime rate plus 1.50% (4.75% at March 31, 2013) with monthly payments of principal plus interest through December 2014. This note payable is secured by plant and equipment. |  |  | 1,042 |  |  |  | 1,510 |
Current portion |  |  | (734 | ) |  |  | (766 | )
Long term portion of bank loans payable |  | $ | 2,913 |  |  | $ | 3,373 |
Future minimum payments | Future minimum payments (excluding interest) as at March 31, 2013 were as follows:
2013 |  | $ | 734 |
2014 |  |  | 766 |
2015 |  |  | 163 |
2016 |  |  | 172 |
2017 |  |  | 181 |
Thereafter |  |  | 1,631 |
Total obligations and commitments |  | $ | 3,647 |

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