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COMMITMENTS AND CONTINGENCIES | 6 Months Ended
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Dec. 31, 2018
Notes to Financial Statements |
COMMITMENTS AND CONTINGENCIES | Trio-Tech (Malaysia) Sdn. Bhd. has capital commitments for the purchase of equipment and other related infrastructure costs amounting to RM 18, or approximately $4, based on the exchange rate as at December 31, 2018, as compared to the capital commitment as at June 30, 2018 amounting to RM 62, or approximately $16. Trio-Tech (Tianjin) Co. Ltd. in China has capital commitments for the purchase of equipment and other related infrastructure costs amounting to RMB 265, or approximately $39, based on the exchange rate as on December 31, 2018, as compared to the capital commitment as at June 30, 2018 amounting to RMB 3,927, or approximately $593. Trio-Tech (SIP) Co., Ltd. in China has capital commitments for the purchase of equipment and other related infrastructure costs amounting to RMB 632, or approximately $92, based on the exchange rate as on December 31, 2018 as compared to the capital commitment as at June 30, 2018 amounting to RMB 6,084, or approximately $919. Deposits with banks in China are not insured by the local government or agency, and are consequently exposed to risk of loss. The Company believes the probability of a bank failure, causing loss to the Company, is remote. The Company is, from time to time, the subject of litigation claims and assessments arising out of matters occurring in its normal business operations. In the opinion of management, resolution of these matters will not have a material adverse effect on the Company’s financial statements.

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