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Development expenditure
12 Months Ended
Mar. 31, 2024
MiX Telematics Limited [Member]  
Development expenditure

11. Development expenditure

 

Development expenditure incurred comprises the following (in thousands):

 

         
   As of March 31, 
   2023   2024 
Costs capitalized (1)  $3,912   $4,899 
Costs expensed (2)   5,591    6,118 
Total costs incurred  $9,503   $11,017 

 

(1)  Costs capitalized relate only to the development of internal-use software, which are recognized in accordance with the Intangible assets (Internal-use software and technology) accounting policy.
(2)  Costs expensed are included in Administration and other expenses in the Consolidated Statements of Income.