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BANK LOANS PAYABLE (Tables) | 3 Months Ended
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Sep. 30, 2017
Bank Loans Payable Tables |
Bank loans payable |
|  | Sept. 30, 2017 (Unaudited) |  |  | June 30, 2017 |
Note payable denominated in RM for expansion plans in Malaysia, maturing in August 2024, bearing interest at the bank’s prime rate less 1.50% (5.25% and 5.25% at September 30, 2017 and June 30, 2017) per annum, with monthly payments of principal plus interest through August 2024, collateralized by the acquired building with a carrying value of $2,704 and 2,671, as at September 30, 2017 and June 30, 2017, respectively. |  |  | 1,567 |  |  |  | 1,735 |
Note payable denominated in U.S. dollars for expansion plans in Singapore and its subsidiaries, maturing in April 2020, bearing interest at the bank’s lending rate (3.96% and 3.96% for September 30, 2017 and June 30, 2017) with monthly payments of principal plus interest through June 2020. This note payable is secured by plant and equipment with a carrying value of $212 and $224, as at September 30, 2017 and June 30, 2017, respectively. |  |  | 398 |  |  |  | 196 |
Long term portion of bank loans payable |  | $ | 1,965 |  |  | $ | 1,931 |
Current portion of bank loan payable |  |  | 342 |  |  |  | 271 |
Currency translation effect on current portion of bank loan |  |  | 1 |  |  |  | (11 | )
Current portion of bank loan payable |  |  | 343 |  |  |  | 260 |
Long term portion of bank loan payable |  |  | 1,623 |  |  |  | 1,660 |
Currency translation effect on long-term portion of bank loan |  |  | 27 |  |  |  | (108 | )
Long term portion of bank loans payable |  | $ | 1,650 |  |  | $ | 1,552 |
Future minimum payments | Future minimum payments (excluding interest) as at September 30, 2017 were as follows:
2018 |  | $ | 343 |
2019 |  |  | 359 |
2020 |  |  | 324 |
2021 |  |  | 231 |
2022 |  |  | 182 |
Thereafter |  |  | 554 |
Total obligations and commitments |  | $ | 1,993 |
Future minimum payments (excluding interest) as at June 30, 2017 were as follows:
2018 |  | $ | 260 |
2019 |  |  | 273 |
2020 |  |  | 274 |
2021 |  |  | 225 |
2022 |  |  | 236 |
Thereafter |  |  | 544 |
Total obligations and commitments |  | $ | 1,812 |

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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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