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BANK LOANS PAYABLE (Tables) | 6 Months Ended
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Dec. 31, 2018
Bank Loans Payable Tables |
Bank loans payable |
|  | Dec. 31, 2018 (Unaudited) |  |  | June 30, 2018 |
Note payable denominated in RM for expansion plans in Malaysia, maturing in August 2028, bearing interest at the bank’s prime rate less 1.50% (5.00% at December 31, 2018 and June 30, 2018) per annum, with monthly payments of principal plus interest through August 2028, collateralized by the acquired building with a carrying value of $7,518 and $2,809, as at December 31, 2018 and June 30, 2018, respectively. |  |  | 2,861 |  |  |  | 1,615 |
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% for December 31, 2018 and June 30, 2018) with monthly payments of principal plus interest through June 2020. This note payable is secured by plant and equipment with a carrying value of $228 and $187, as at December 31, 2018 and June 30, 2018, respectively. |  |  | 218 |  |  |  | 293 |
Currency translation effect on bank loan payable |  |  | (74 | ) |  |  | (104 | )
Total bank loans payable |  | $ | 3,005 |  |  | $ | 1,804 |
Current portion of bank loan payable |  |  | 489 |  |  |  | 380 |
Currency translation effect on current portion of bank loan |  |  | (9 | ) |  |  | (13 | )
Current portion of bank loan payable |  |  | 480 |  |  |  | 367 |
Long term portion of bank loan payable |  |  | 2,590 |  |  |  | 1,528 |
Currency translation effect on long-term portion of bank loan |  |  | (65 | ) |  |  | (91 | )
Long term portion of bank loans payable |  | $ | 2,525 |  |  | $ | 1,437 |
Future minimum payments | Future minimum payments (excluding interest) as at December 31, 2018 were as follows:
2019 |  | $ | 480 |
2020 |  |  | 411 |
2021 |  |  | 364 |
2022 |  |  | 383 |
2023 |  |  | 300 |
Thereafter |  |  | 1,067 |
Total obligations and commitments |  | $ | 3,005 |
Future minimum payments (excluding interest) as at June 30, 2018 were as follows:
2019 |  | $ | 367 |
2020 |  |  | 372 |
2021 |  |  | 242 |
2022 |  |  | 254 |
2023 |  |  | 267 |
Thereafter |  |  | 302 |
Total obligations and commitments |  | $ | 1,804 |

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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://fasb.org/us-gaap/role/ref/legacyRef -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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