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BANK LOANS PAYABLE (Tables) | 9 Months Ended
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Mar. 31, 2015
Bank Loans Payable Tables |
Bank loans payable |
|  | Mar. 31, 2015 (Unaudited) |  |  | June 30, 2014 |
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 (5.4% to 6.9% at March 31, 2015) per annum, with monthly payments of principal plus interest through August 2024, collateralized by the acquired building with the net book value of Malaysian ringgit 11,964, or approximately $3,219. |  | $ | 2,287 |  |  | $ | 2,786 |
Note payable denominated in U.S. dollars to a financial institution for working capital plans in Singapore and its subsidiaries, matured in November 2014, bearing interest at the bank’s prime rate plus 1.50% (5.1% at November 30, 2014) per annum, with monthly payments of principal plus interest through November 2014. This note payable was secured by plant and equipment with the net book value of Singapore dollars 585, or approximately $443 as at November 30, 2014 . |  |  | - |  |  |  | 260 |
Current portion |  |  | (169 | ) |  |  | (448 | )
Long term portion of bank loans payable |  | $ | 2,118 |  |  | $ | 2,598 |
Future minimum payments | Future minimum payments (excluding interest) as at March 31, 2015 were as follows:
2015 |  | $ | 169 |
2016 |  |  | 179 |
2017 |  |  | 188 |
2018 |  |  | 198 |
2019 |  |  | 207 |
Thereafter |  |  | 1,346 |
Total obligations and commitments |  | $ | 2,287 |
Future minimum payments (excluding interest) as at June 30, 2014 were as follows:
2015 |  | $ | 448 |
2016 |  |  | 198 |
2017 |  |  | 209 |
2018 |  |  | 220 |
2019 |  |  | 138 |
Thereafter |  |  | 1,833 |
Total obligations and commitments |  | $ | 3,046 |

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