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COMMITMENTS AND CONTINGENCIES | 3 Months Ended
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Sep. 30, 2016
Notes to Financial Statements |
COMMITMENTS AND CONTINGENCIES | TTM has capital commitments for the purchase of equipment and other related infrastructure costs amounting to RM 1,659, or approximately $400, based on the exchange rate as at September 30, 2016 published by the Monetary Authority of Singapore, as compared to the capital commitment as at June 30, 2016 amounting to RM 1,153, or approximately $287. Trio-Tech (Tianjin) Co. Ltd. in China has capital commitments for the purchase of equipment and other related infrastructure costs amounting to RMB 48, or approximately $7, based on the exchange rate as on September 30, 2016 published by the Monetary Authority of Singapore, as compared to the capital commitment as of June 30, 2016 amounting to RMB 597, or approximately $93. 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.

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