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PROPERTY, PLANT AND EQUIPMENT, NET
 12 Months Ended
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.