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12. LINES OF CREDIT | 12 Months Ended
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Jun. 30, 2017
Notes to Financial Statements |
LINES OF CREDIT | The carrying value of the Company’s lines of credit approximates its fair value, because the interest rates associated with the lines of credit are adjustable in accordance with market situations when the Company borrowed funds with similar terms and remaining maturities. The Company’s credit rating provides it with readily and adequate access to funds in global markets. As of June 30, 2017, the Company had certain lines of credit that are collateralized by restricted deposits.
Entity with |  | Type of |  | Interest |  | Expiration |  | Credit |  | Unused
Facility |  | Facility |  | Rate |  | Date |  | Limitation |  | Credit
Trio-Tech International Pte. Ltd., Singapore |  |  | Lines of Credit |  |  | Ranging from 3.96% to 7.5% |  |  | — |  |  | $ | 4,496 |  |  | $ | 2,815 |
Trio-Tech (Malaysia) Sdn. Bhd. |  |  | Lines of Credit |  |  | Ranging from 6.3% to 6.7% |  |  | — |  |  | $ | 734 |  |  | $ | 734 |
Trio-Tech (Tianjin) Co., Ltd. |  |  | Lines of Credit |  |  | 5.22% |  |  | — |  |  | $ | 885 |  |  | $ | 10 |
On January 20, 2017, Trio-Tech Tianjin signed an agreement with a bank for an Accounts Receivable Financing facility with the bank for RMB 6,000, or approximately $871 based on the market rate. Interest is charged at the bank’s lending rate plus a floating interest rate. The effective interest rate is 120% of the bank’s lending rate. The financing facility was set up to facilitate the growing testing operations in our Tianjin operations in China. The bank account for this facility was set up on January 20, 2017 and has started use in fiscal year 2017. As of June 30, 2016, the Company had certain lines of credit that are collateralized by restricted deposits.
Entity with |  | Type of |  | Interest |  | Expiration |  | Credit |  | Unused
Facility |  | Facility |  | Rate |  | Date |  | Limitation |  | Credit
Trio-Tech International Pte. Ltd., Singapore |  |  | Lines of Credit |  |  | Ranging from 1.6% to 5.5% |  |  | — |  |  | $ | 5,745 |  |  | $ | 3,856 |
Trio-Tech (Malaysia) Sdn. Bhd. |  |  | Lines of Credit |  |  | Ranging from 6.3% to 6.7% |  |  | — |  |  | $ | 783 |  |  | $ | 783 |
Trio-Tech (Tianjin) Co., Ltd. |  |  | Lines of Credit |  |  | Ranging from 4.9% to 6.3% |  |  | — |  |  | $ | 1,204 |  |  | $ | 602 |
On May 3, 2016, Trio-Tech Tianjin used the facility amounting to RMB 2 million, or approximately $301, and on June 23, 2016, further used an additional facility of RMB 2 million, or approximately $301.

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