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PROPERTY, PLANT AND EQUIPMENT, NET | 12 Months Ended
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Mar. 31, 2012
Property, Plant and Equipment [Abstract] |
Property, Plant and Equipment Disclosure [Text Block] |
10. | PROPERTY, PLANT AND EQUIPMENT, NET
Property, plant and equipment is summarized as follows:
|  | As of March 31, |  |  | As of March 31, |
|  | 2012 |  |  | 2011 |
|  | US$’000 |  |  | US$’000 |
Buildings |  |  | 13,714 |  |  |  | 3,001 |
Leasehold improvements |  |  | 1,532 |  |  |  | 1,016 |
Plant and machinery |  |  | 24,807 |  |  |  | 4,638 |
Motor vehicles |  |  | 1,547 |  |  |  | 1,398 |
Furniture, fixtures and office equipment |  |  | 4,281 |  |  |  | 1,743 |
Construction in progress |  |  | 9,196 |  |  |  | 6,939 |
|  |  | 55,077 |  |  |  | 18,735 |
Accumulated depreciation and impairment loss |  |  | (8,956 | ) |  |  | (2,102 | )
|  |  | 46,121 |  |  |  | 16,633 |
Depreciation expenses were approximately US$1,994,000 and US$1,093,000 for the years ended March 31, 2012 and 2011, respectively. In December 2011, the Company was advised by the local authority in Changxing that the original production technique, external battery formation, can no longer be used after October 31, 2012. Some of the Company’s machinery and equipment cannot be used under the tightened policy. Management revised the estimated remaining useful life of those machinery and equipment to 10 months. This change of accounting estimate increased cost of sales and net losses by US$558,000 and increased the losses per share by US$0.001 for the year ended March 31, 2012.

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- Definition The entire disclosure for long-lived, physical assets that are used in the normal conduct of business to produce goods and services and not intended for resale. Examples include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software. This disclosure may include property plant and equipment accounting policies and methodology, a schedule of property, plant and equipment gross, additions, deletions, transfers and other changes, depreciation, depletion and amortization expense, net, accumulated depreciation, depletion and amortization expense and useful lives, income statement disclosures, assets held for sale and public utility disclosures. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6360339&loc=d3e1361-107760 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 210 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SX 210.5-02.13-14) -URI http://asc.fasb.org/extlink&oid=6877327&loc=d3e13212-122682 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher AICPA -Name Accounting Principles Board Opinion (APB) -Number 12 -Paragraph 5 -LegacyDoc This reference is SUPERSEDED by the Accounting Standards Codification effective for interim and annual periods ending after September 15, 2009. This reference is included to help users transition from the previous accounting hierarchy and will be removed from future versions of this taxonomy. Reference 4: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6391035&loc=d3e2868-110229 Reference 5: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6391110&loc=d3e2921-110230 + Details
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