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NON-CONTROLLING INTERESTS
 12 Months Ended
Mar. 31, 2022
Disclosure of non-controlling interests [Abstract]  
NON-CONTROLLING INTERESTS
14.NON-CONTROLLING INTERESTS

 

The continuity of non-controlling interests is summarized as follows:

 

   Henan
Found		   Henan
Huawei		   Yunxiang   Guangdong
Found		   New Infini   Total 
Balance, April 1, 2020  $63,331   $4,702   $2,723  $(466)  $
-
   $70,290 
Share of net income (loss)   13,210    639    219    88    (23)   14,133 
Share of other comprehensive income   4,623    480    90    27    
-
    5,220 
Acquisition of La Yesca   
-
    
-
    
-
    
-
    9,250    9,250 
Contributions   
-
    
-
    
-
    
-
    2,500    2,500 
Distributions   (2,600)   (639)   
-
    
-
    
-
    (3,239)
Balance, March 31, 2021  $78,564   $5,182   $3,032  $(351)  $11,727   $98,154 
Share of net income (loss)   12,639    182    (185)   154    (140)   12,650 
Share of other comprehensive income   1,732    194    68    16    
-
    2,010 
Distributions   (3,266)   (630)   
-
    
-
    (1,200)   (5,096)
Balance, March 31, 2022  $89,669   $4,928   $2,915  $(181)  $10,387   $107,718 

 

As at March 31, 2022, non-controlling interests in Henan Found, Henan Huawei, Yunxiang, Guangdong Found and New Infini were 22.5%, 20%, 30%, 1%, and 53.9%, respectively (March 31, 2021 – 22.5%, 20%, 30%, 1%, and 56.3%, respectively).

 

Henan Non-ferrous Geology Minerals Ltd. (“Henan Non-ferrous”) is the 17.5% equity interest holder of Henan Found. During the year ended March 31, 2022, Henan Found declared and paid dividends of $2.5 million (year ended March 31, 2021 – declared and paid dividends of $2.0 million) to Henan Non-ferrous.

 

Henan Xinxiangrong Mining Ltd. (“Henan Xinxiangrong”) is the 5% equity interest holder of Henan Found. During the year ended March 31, 2022, Henan Found declared and paid dividends of $0.8 million (year ended March 31, 2021 – declared and paid dividends of $0.6 million) to Henan Xinxiangrong.

 

Henan Xinhui Mining Co., Ltd. (“Henan Xinhui”) is a 20% equity interest holder of Henan Huawei. For the year ended March 31, 2022, Henan Huawei declared and paid dividends of $0.6 million (year ended March 31, 2021 – $0.6 million) to Henan Xinhui.

 

For the year ended March 31, 2022, New Infini refunded capital contribution of $1.2 million to its non- controlling shareholders.