XML 90 R23.htm IDEA: XBRL DOCUMENT
v3.3.0.814

16. COMMITMENTS AND CONTINGENCIES | 12 Months Ended
--- | ---
Jun. 30, 2015
Notes to Financial Statements |
COMMITMENTS AND CONTINGENCIES (IN THOUSANDS, EXCEPT EARNINGS PER SHARE AND NUMBER OF SHARES) | 16. COMMITMENTS AND CONTINGENCIES The Company leases certain of its facilities and equipment under long-term agreements expiring at various dates through fiscal year 2015 and thereafter. Certain of these leases require the Company to pay real estate taxes and insurance and provide for escalation of lease costs based on certain indices. Future minimum payments under capital leases and non-cancelable operating leases and net rental income under non-cancelable sub-leased properties as of June 30, 2015 were as follows:
|  | Capital |  |  | Operating |  |  | Sub-lease |  |  | Net |
For the Year Ending June 30, |  | Leases |  |  | Leases |  |  | Rental (Income) |  |  | Operating Leases |
2016 |  | $ | 197 |  |  | $ | 803 |  |  | $ | (128 | ) |  | $ | 675 |
2017 |  |  | 199 |  |  |  | 671 |  |  |  | (41 | ) |  |  | 630 |
2018 |  |  | 169 |  |  |  | 279 |  |  |  | (24 | ) |  |  | 255 |
Thereafter |  |  | 107 |  |  |  | 2,060 |  |  |  | - |  |  |  | 2,060 |
Total future minimum lease payments |  | $ | 672 |  |  | $ | 3,813 |  |  | $ | (193 | ) |  | $ | 3,620 |
Less: amount representing interest |  |  | - |  |  |  |  |  |  |  |  |  |  |  |  |
Present value of net minimum lease payments |  |  | 672 |  |  |  |  |  |  |  |  |  |  |  |  |
Less: current portion of capital lease obligations |  |  | 197 |  |  |  |  |  |  |  |  |  |  |  |  |
Long-term obligations under capital leases |  |  | 475 |  |  |  |  |  |  |  |  |  |  |  |  |
Future minimum payments under capital leases and non-cancelable operating leases and net rental income under non-cancelable sub-leased properties as of June 30, 2014 were as follows:
|  | Capital |  |  | Operating |  |  | Sub-lease |  |  | Net |
For the Year Ending June 30, |  | Leases |  |  | Leases |  |  | Rental (Income) |  |  | Operating Leases |
2015 |  | $ | 81 |  |  | $ | 710 |  |  | $ | (111 | ) |  | $ | 599 |
2016 |  |  | 85 |  |  |  | 795 |  |  |  | (130 | ) |  |  | 665 |
2017 |  |  | 83 |  |  |  | 600 |  |  |  | (42 | ) |  |  | 558 |
Thereafter |  |  | 32 |  |  |  | 3,001 |  |  |  | (18 | ) |  |  | 2,983 |
Total future minimum lease payments |  | $ | 281 |  |  | $ | 5,106 |  |  | $ | (301 | ) |  | $ | 4,805 |
Less: amount representing interest |  |  | - |  |  |  |  |  |  |  |  |  |  |  |  |
Present value of net minimum lease payments |  |  | 281 |  |  |  |  |  |  |  |  |  |  |  |  |
Less: current portion of capital lease obligations |  |  | (81 | ) |  |  |  |  |  |  |  |  |  |  |  |
Long-term obligations under capital leases |  |  | 200 |  |  |  |  |  |  |  |  |  |  |  |  |
The Company purchased equipment under the capital lease agreements with rates ranging from 1.9% to 7.5%. These agreements mature ranging from July 2015 to May 2020. Total rental expense on all operating leases, cancelable and non-cancelable, amounted to $784 and $687 in fiscal years 2015 and 2014 respectively. Trio-Tech (Malaysia) Sdn. Bhd. has capital lease for the purchase of equipment and other related infrastructure costs amounting to RM 33, or approximately $9 based on the exchange rate on June 30, 2015 published by the Monetary Authority of Singapore, as compared to last year capital lease for the purchase of equipment and other related expenses amounting to RM 601, or approximately $184. Trio-Tech (Tianjin) Co. Ltd has no capital commitments for the year ended June 30, 2015 as compared to the prior fiscal year during which the capital commitments for the purchase of equipment and other related infrastructure costs was RMB 2,199, or approximately $353. Deposits with banks in China are not insured by the local government or agency, and are consequently exposed to risk of loss. The Company believes the probability of a bank failure, causing loss to the Company, is remote. The Company is, from time to time, the subject of litigation claims and assessments arising out of matters occurring in its normal business operations. In the opinion of management, resolution of these matters will not have a material adverse effect on the Company’s financial statements.

X
- References No definition available. + Details
Name: | TRT_NotesToFinancialStatementsAbstract
Namespace Prefix: | TRT_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for commitments and contingencies. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 825 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6449706&loc=d3e16207-108621 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 460 -SubTopic 10 -Section 50 -Paragraph 8 -URI http://asc.fasb.org/extlink&oid=51674963&loc=d3e12565-110249 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 450 -SubTopic 20 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=25496072&loc=d3e14435-108349 Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.25) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 440 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6394976&loc=d3e25287-109308 + Details
Name: | us-gaap_CommitmentsAndContingenciesDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration