v2.4.0.6
PROVISION FOR WARRANTY
 3 Months Ended
Jun. 30, 2012
Product Warranties Disclosures [Abstract]  
Product Warranty Disclosure [Text Block]
18. PROVISION FOR WARRANTY

 

Provision for warranty is included in accrued expenses and other accrued liabilities as of June 30, 2012 and March 31, 2012. Estimated warranty costs are recognized at the time when the Company sells its products and are included in sale, marketing and distribution expenses. The Company uses historical failure rates and costs to repair product defects during the warranty period to estimate warranty costs while are reviewed periodically in light of actual experience. The reconciliation of the changes in the warranty obligation is as follows:

 

    Three months ended June 30,  
    2012     2011  
    US$’000     US$’000  
             
Balance as of April 1,     1,218       301  
Exchange realignment     -       4  
Accrual for warranties issued during the period     3,524       139  
Settlement made during the period     (2,367 )     (77 )
                 
Balance as of June 30,     2,375       367