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PROPERTY, PLANT AND EQUIPMENT NET
 9 Months Ended
Dec. 31, 2011
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]
9.PROPERTY, PLANT AND EQUIPMENT, NET

 

Property, plant and equipment is summarized as follows:

 

  As of
 December 31,		  As of
 March 31,		 
  2011  2011 
  US$’000  US$’000 
       
Buildings  12,994   3,001 
Leasehold improvements  1,421   1,016 
Plant and machinery  19,323   4,638 
Motor vehicles  1,548   1,398 
Furniture, fixtures and office equipment  4,233   1,743 
Construction in progress  15,179   6,939 
         
   54,698   18,735 
         
Accumulated depreciation and impairment loss  (5,432)  (2,102)
         
   49,266   16,633 

 

Depreciation expenses were approximately US$1,173,000 and US$267,000 for the three months ended December 31, 2011 and 2010, respectively, and US$1,412,000 and US$807,000 for the nine months ended December 31, 2011 and 2010, respectively.

 

During the period ended December 31, 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$452,000 and increased the losses per share by US$0.001 for the three and nine months ended December 31, 2011.