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SHORT-TERM INVESTMENTS | 12 Months Ended
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Mar. 31, 2022
Disclosure of Short Term Investments Explanatory [Abstract] |
SHORT-TERM INVESTMENTS |
| 4. | SHORT-TERM INVESTMENTS
As at March 31, 2022, short-term investments consist of the following:
|  | Amount | Interest rates | Maturity
Bonds | $ | 9,168 | 5.50% - 13.00% | April 9, 2022 - January 16, 2025
Money market instruments |  | 90,455 |  |
| $ | 99,623 |  |
During the year ended March 31, 2022, the Company recorded impairment charges of $10.6 million against the bond investment issued by a few Chinese real estate developing companies as the Company observed financial difficulty of these bond issuers. The carrying value of such bond investments was $1.8 million as at March 31, 2022. The impairment charge was included in finance costs on the consolidated statement of income (Note 17). During the year ended March 31, 2021, the Company recorded impairment charges of $1.4 million against the bond investment issued by a few Chinese manufacturing companies as the Company observed financial difficulty of these bond issuers. The carrying value of such bond investments was $0.1 million as at March 31, 2021. The impairment charge was included in finance costs on the consolidated statement of income (Note 17). As at March 31, 2021, short-term investments consist of the following:
|  | Amount | Interest rates | Maturity
Bonds | $ | 15,812 | 5.38% - 13.00% | January 10, 2022 - September 3, 2024
Money market instruments |  | 64,545 |  |
| $ | 80,357 |  |

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