XML 131 R17.htm IDEA: XBRL DOCUMENT v3.24.3
Deferred revenue
 12 Months Ended
Mar. 31, 2024
MiX Telematics Limited [Member]  
Deferred revenue

10. Deferred revenue

 

The movement in deferred revenue is as follows (in thousands):

 

   2023   2024 
   As of March 31, 
   2023   2024 
Deferred revenue          
Opening balance  $6,692   $5,295 
Increases during the year   49,544    48,108 
Recognized as revenue   (49,878)   (46,784)
Foreign currency translation difference   (1,063)   (225)
Closing balance  $5,295   $6,394 

 

During the year ended March 31, 2023 and March 31, 2024, revenue of $4.1 million and $3.6 million, respectively, was recognized which was included in the deferred revenue balances as of the beginning of the year.