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BANK LOANS PAYABLE (Tables) | 9 Months Ended
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Mar. 31, 2016
Bank Loans Payable Tables |
Bank loans payable |
|  | Mar. 31, 2016 (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 March 31, 2016 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 $2,984 and $3,144, as at March 31, 2016 and June 30, 2015, respectively. |  | $ | 2,015 |  |  | $ | 2,218 |
Note payable denominated in U.S. dollars to a financial institution for working capital plans in Singapore and its subsidiaries, maturing in April 2017, bearing interest at the bank’s prime rate plus 1.50% (4.1% to 6.9% at March 31, 2016 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 $354 and $357, as at March 31, 2016 and June 30, 2015, respectively. |  |  | 193 |  |  |  | 326 |
Current portion |  |  | (374 | ) |  |  | (346 | )
Long term portion of bank loans payable |  | $ | 1,834 |  |  | $ | 2,198 |
Future minimum payments | Future minimum payments (excluding interest) as at March 31, 2016 were as follows:
2016 |  | $ | 374 |
2017 |  |  | 221 |
2018 |  |  | 217 |
2019 |  |  | 229 |
2020 |  |  | 242 |
Thereafter |  |  | 925 |
Total obligations and commitments |  | $ | 2,208 |
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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