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TERM DEPOSITS | 6 Months Ended
--- | ---
Dec. 31, 2017
Term Deposits |
TERM DEPOSITS |
|  | Dec. 31, 2017 (Unaudited) |  | June 30, 2017
Short-term deposits |  | $ | 598 |  |  | $ | 824 |
Currency translation effect on short-term deposits |  |  | 44 |  |  |  | (37 | )
Total short-term deposits |  |  | 642 |  |  |  | 787 |
Restricted term deposits |  |  | 1,660 |  |  |  | 1,722 |
Currency translation effect on restricted term deposits |  |  | 57 |  |  |  | (65 | )
Total restricted term deposits |  |  | 1,717 |  |  |  | 1,657 |
Total Term deposits |  | $ | 2,359 |  |  | $ | 2,444 |
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 that do not qualify as cash equivalents.

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