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CONSOLIDATED BALANCE SHEETS (USD $)
In Thousands, unless otherwise specified
Mar. 31, 2014
Mar. 31, 2013
Current assets:    
Cash and cash equivalents $ 5,416 $ 4,634
Restricted cash (note 7) 643 643
Accounts receivable, net of allowances for doubtful accounts of nil and $6 as of March 31, 2013 and 2014, respectively 3,157 3,958
Inventories (note 4) 3,700 2,957
Amount due from an equity method investee 0 110
Prepaid expenses and other current assets 1,044 1,114
Total current assets 13,960 13,416
Property, plant and equipment, net (note 5) 1,213 1,769
Long-term deposits 167 0
Investments in equity method investees (note 6) 0 0
Loan receivable (note 8) 436 167
TOTAL ASSETS 15,776 15,352
Current liabilities:    
Accounts payable 1,577 1,515
Long-term loans - current portion (note 9) 0 112
Accrued expenses and other liabilities (note 10) 1,730 1,386
Income tax payable 279 158
Dividend payable 0 114
Total current liabilities 3,586 3,285
Deferred income taxes (note 3) 44 59
Total liabilities 3,630 3,344
Commitments and contingencies (note 11)      
Shareholders' equity:    
Common shares, $0.01 par value (Authorized: 20,000,000 shares; 3,783,874 shares issued and outstanding as of March 31, 2013 and 2014) 38 38
Additional paid-in capital 11,340 11,340
Retained profits 770 628
Treasury shares, at cost - 5,049 shares as of March 31, 2013 and 2014 (note 12) (14) (14)
Accumulated other comprehensive income 7 16
Total Highway Holdings shareholder's equity 12,141 12,008
Non-controlling interest 5 0
Total Equity 12,146 12,008
TOTAL LIABILITIES AND EQUITY $ 15,776 $ 15,352