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3. TERM DEPOSITS | 12 Months Ended
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Jun. 30, 2017
Term Deposits |
TERM DEPOSITS |
|  | June 30, 2017 |  |  | June 30, 2016 |
Short-term deposits |  | $ | 824 |  |  | $ | 301 |
Currency translation effect on short-term deposits |  |  | (37 | ) |  |  | (6 | )
Total short-term deposits |  |  | 787 |  |  |  | 295 |
Restricted term deposits |  |  | 1,722 |  |  |  | 2,085 |
Currency translation effect on restricted term deposits |  |  | (65 | ) |  |  | (18 | )
Total restricted term deposits |  |  | 1,657 |  |  |  | 2,067 |
Total Term deposits |  | $ | 2,444 |  |  | $ | 2,362 |
Restricted deposits represent the amount of cash pledged to secure loans payable granted by financial institutions and serve as collateral for public utility agreements such as electricity and water and performance bonds related to customs duty payable. Restricted deposits are classified as non-current assets, as they relate to long-term obligations and will become unrestricted only upon discharge of the obligations. Short-term deposits represent bank deposits, which do not qualify as cash equivalents.

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- Definition The entire disclosure for deposit liabilities including data and tables. It may include a description of the entity's deposit liabilities, the aggregate amount of time deposits (including certificates of deposit) in denominations of $100,000 or more at the balance sheet date; the aggregate amount of any demand deposits that have been reclassified as loan balances, such as overdrafts, at the balance sheet date; deposits that are received on terms other than those in the normal course of business, the amount of accrued interest on deposit liabilities; securities, mortgage loans or other financial instruments that serve as collateral for deposits; for time deposits having a remaining term of more than one year, the aggregate amount of maturities for each of the five years following the balance sheet date; and the weighted average interest rate for all deposit liabilities held by the entity. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 405 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=50488274&loc=d3e64164-112818 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 942 -SubTopic 210 -Section S99 -Paragraph 1 -Subparagraph (SX 210.9-03.12) -URI http://asc.fasb.org/extlink&oid=6876686&loc=d3e534808-122878 + Details
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