XML 70 R15.htm IDEA: XBRL DOCUMENT
v2.4.0.8

INVESTMENT PROPERTIES | 6 Months Ended
--- | ---
Dec. 31, 2013
Notes to Financial Statements |
INVESTMENT PROPERTIES (IN THOUSANDS, EXCEPT EARNINGS PER SHARE AND NUMBER OF SHARES) | The following table presents the Company’s investment in properties in China and Malaysia as of December 31, 2013. The exchange rate is based on the exchange rate as of December 31, 2013 published by the Monetary Authority of Singapore.
| Investment Date |  | Investment Amount (RMB) |  |  | Investment Amount (U.S. Dollars) |
Purchase of rental property – Property I - MaoYe | 01/04/2008 |  |  | 5,554 |  |  |  | 917 |
Purchase of rental property – Property II - JiangHuai | 01/06/2010 |  |  | 3,600 |  |  |  | 595 |
Purchase of rental property – Property III - Fu Li | 01/06/2010 |  |  | 4,025 |  |  |  | 665 |
Gross investment in rental property |  |  |  | 13,179 |  |  |  | 2,177 |
Accumulated depreciation on rental property |  |  |  | (2,631 | ) |  |  | (434 | )
Net investment in property – China |  |  |  | 10,548 |  |  |  | 1,743 |
| Investment Date |  | Investment Amount (RM) |  |  | Investment Amount (U.S. Dollars) |
Purchase of rental property – Penang Property I | 31/12/2012 |  |  | 681 |  |  |  | 209 |
Gross investment in rental property |  |  |  | 681 |  |  |  | 209 |
Accumulated depreciation on rental property |  |  |  | (294 | ) |  |  | (91 | )
Net investment in property – Malaysia |  |  |  | 387 |  |  |  | 118 |
Rental Property I In fiscal 2008, Trio-Tech (Chongqing) Co. Ltd. (“TTCQ”) purchased an office in Chongqing, China from MaoYe Property Ltd. (“MaoYe”), for a total cash purchase price of RMB 5,554, or approximately $917 based on the exchange rate as of December 31, 2013 published by the Monetary Authority of Singapore. TTCQ rented this property to a third party on July 13, 2008. The term of the rental agreement was five years. The rental agreement was renewed on July 16, 2013 for a further period of five years. The rental agreement provides for a rent increase of 8% every year after July 15, 2015. The renewed agreement expires on July 15, 2018. Property purchased from MaoYe generated a rental income of RMB 179, or approximately $29, and RMB 350, or approximately $57, for the three and six months ended December 31, 2013, respectively, and RMB 135, or approximately $22, and RMB 269, or approximately $43, for the same periods in the last fiscal year, respectively. Rental Property II In fiscal 2010, TTCQ purchased eight units of commercial property in Chonqing, China, from Chongqing JiangHuai Real Estate Development Co., Ltd, (“JiangHuai”) for a total purchase price of RMB 3,600, or approximately $595 based on the exchange rate as of December 31, 2013 published by the Monetary Authority of Singapore. TTCQ rented these commercial units to a third party and renewed the rental agreement of this property on January 8, 2011. The rental agreement provided for a one-year renewable term with an annual rental income of RMB 720, or approximately $118 based on the average rate for the period six month period ended December 31, 2013. Property purchased from JiangHuai generated a rental income of RMB 27, or approximately $5, and RMB 55, or approximately $9, for the three and six months ended December 31, 2013, respectively, and did not generate any rental income for the same periods in last fiscal year. Other Properties III – Fu Li In fiscal 2010, TTCQ entered into a Memorandum Agreement with Chongqing Fu Li Real Estate Development Co. Ltd., (“FuLi”) to purchase two commercial properties totaling 311.99 square meters (“office space”) located in Jiang Bei District Chongqing. Although TTCQ currently rents its office premises from a third party, it intends to use the office space as its office premises. The total purchase price committed and paid was RMB 4,025, or approximately $665 based on the exchange rate as of December 31, 2013 published by the Monetary Authority of Singapore. The development was completed and the property was handed over during April 2012 and the title deed was received during the third quarter of fiscal 2013. Property purchased from Fu Li generated a rental income of RMB 74, or approximately $12, and RMB 147, or approximately $24 for the three and six months ended December 31, 2013, respectively, and RMB 70, or approximately $11, and RMB 127, or approximately $20, respectively, for the same periods in the last fiscal year. Penang Property I Since the market value of the factory building in Penang, Malaysia is increasing significantly, during the second quarter of fiscal 2013 Trio-Tech Malaysia (“TTM”) changed the plans of sale and concluded to hold the factory building in Penang and is looking for a tenant to rent the factory building. Hence, TTM has re-classified the factory building as investment property, which has a net book value of $118. Summary Total rental income for all investment properties (Property I, II and III) in China was $46 and $90 for the three and six months ended December 31, 2013, respectively, and was $33 and $63, respectively, for the same periods in the last fiscal year. Rental income from the Penang property was nil for the three and six months ended December 31, 2013 as the property in Penang, Malaysia is vacant at the date of this report. TTM is in the process of identifying a suitable tenant. Depreciation expenses for all investment properties in China were $26 and $54 for the three and six months ended December 31, 2013, respectively, and were $28 and $54, respectively, for the same periods in the last fiscal year.

X
- Definition InvestmentPropertyInChinaTextBlock + References No definition available. + Details
Name: | TRT_InvestmentPropertyInChinaTextBlock
Namespace Prefix: | TRT_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | TRT_NotesToFinancialStatementsAbstract
Namespace Prefix: | TRT_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration