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BANK LOANS PAYABLE (Tables) | 6 Months Ended
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Dec. 31, 2015
Bank Loans Payable Tables |
Bank loans payable | Bank loans payable consisted of the following:
|  | Dec. 31, 2015 (Unaudited) |  |  | June 30, 2015 |
Note payable denominated in RM to a commercial bank for expansion plans in Malaysia, maturing in August 2024, bearing interest at the bank’s prime rate (7.4% at December 31, 2015 and June 30, 2015) per annum, with monthly payments of principal plus interest through August 2024, collateralized by the acquired building with a carrying value of $2,751. |  | $ | 1,885 |  |  | $ | 2,218 |
Note payable denominated in U.S. dollars to a financial institution for working capital plans in Singapore and its subsidiaries, maturing in December 2015, bearing interest at the bank’s prime rate plus 1.50% (4.1% to 6.9% at December 31, 2015 and June 30, 2015) with monthly payments of principal plus interest through April 2017. This note payable is secured by plant and equipment with a carrying value of $339. |  |  | 226 |  |  |  | 326 |
Current portion |  |  | (319 | ) |  |  | (346 | )
Long term portion of bank loans payable |  | $ | 1,792 |  |  | $ | 2,198 |
Future minimum payments | Future minimum payments (excluding interest) as at December 31, 2015 were as follows:
2016 |  | $ | 319 |
2017 |  |  | 214 |
2018 |  |  | 165 |
2019 |  |  | 175 |
2020 |  |  | 184 |
Thereafter |  |  | 1,054 |
Total obligations and commitments |  | $ | 2,111 |
Future minimum payments (excluding interest) as at June 30, 2015 were as follows:
2016 |  | $ | 346 |
2017 |  |  | 322 |
2018 |  |  | 183 |
2019 |  |  | 193 |
2020 |  |  | 203 |
Thereafter |  |  | 1,297 |
Total obligations and commitments |  | $ | 2,544 |

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- Definition Tabular disclosure of information pertaining to short-term and long-debt instruments or arrangements, including but not limited to identification of terms, features, collateral requirements and other information necessary to a fair presentation. + References No definition available. + Details
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- Definition Tabular disclosure of the combined aggregate amount of maturities and sinking fund requirements for all long-term borrowings for each of the five years following the date of the latest balance sheet date presented. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6802200&loc=d3e1835-112601 + Details
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