XML 47 R27.htm IDEA: XBRL DOCUMENT v2.4.0.8
SEGMENT INFORMATION
 12 Months Ended
Mar. 31, 2013
Segment Reporting [Abstract]  
Segment Reporting Disclosure [Text Block]
19. SEGMENT INFORMATION

 

The Group's chief operating decision maker evaluates segment performance and allocates resources based on several factors, of which the primary financial measure is operating income.

 

The Group operates in two segments, Metal stamping and mechanical OEM segment and Electric OEM segment. The Metal stamping and mechanical OEM segment focuses on manufacturing and sale of metal parts and components. The Electric OEM segment focuses on manufacturing and sale of plastic and electronic parts and components.

 

Intersegment sales arise from transfer of goods between segments. These sales are generally at price consistent with what the Group would charge third parties for similar goods. A summary of the net sales, profitability information and asset information by segment and geographical areas is shown below:

    Year ended March 31,  
    2011     2012     2013  
    $     $     $  
Net sales:                  
Metal stamping and Mechanical OEM:                  
    Unaffiliated customers     18,530       14,689       14,646  
    Intersegment sales     6,790       8,585       -  
      25,320       23,274       14,646   
  Electric OEM:                        
    Unaffiliated customers     12,617       10,681       7,287  
    Intersegment sales     10,915       11,914       -  
      23,532       22,595       7,287   
                         
Intersegment eliminations     (17,705 )     (20,499 )     -  
                         
Total net sales     31,147       25,370       21,933  
                         
Operating income:                        
  Metal stamping and Mechanical OEM     1,079       428       319  
  Electric OEM     1,086       71       142  
  Corporate     (439 )     (269 )     (106 )
                         
  Total operating income     1,726       230       355  
                         
Interest expense:                        
  Metal stamping and Mechanical OEM     34       14       6  
  Electric OEM     23       10       3  
                         
  Total interest expense     57       24       9  
                         
Depreciation and amortization expense:                        
  Metal stamping and Mechanical OEM     369       393       353  
  Electric OEM     290       277       233  
  Corporate     8       -       -  
                         
  Total depreciation and amortization     667       670       586  
                         
Capital expenditure:                        
  Metal stamping and Mechanical OEM     615       323       206  
  Electric OEM     412       32       106  
                         
  Total capital expenditure     1,027       355       312  

  

    As of March 31,  
    2012     2013  
    $     $  
Total assets:            
  Metal stamping and Mechanical OEM     12,450       10,022  
  Electric OEM     4,090       5,228  
  Corporate     39       102  
                 
  Total assets     16,579       15,352  

 

 

    As of March 31,  
    2012     2013  
    $     $  
Long-lived assets:            
  Metal stamping and Mechanical OEM     1,342       1,142  
  Electric OEM     685       627  
                 
  Total long-lived assets     2,027       1,769  

 

All of the Group's sales are co-ordinated through its head office in Hong Kong. The Group considers revenues to be generated by geographic area based on the physical location of customers. the breakdown by geographic area is as follows:

 

    Year ended March 31,  
    2011     2012     2013  
    $     $     $  
Net sales:                  
  Hong Kong and China     8,560       5,933       6,148  
  Other Asian countries     1,898       995       1,415  
  Europe     15,069       14,030       13,503  
  North America     5,620       4,412       867  
      31,147       25,370       21,933  

 

All of the Group's long-lived assets are located in Hong Kong and China.