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BUSINESS COMBINATION | 12 Months Ended
--- | ---
Mar. 31, 2017
Business Combinations [Abstract] |
BUSINESS COMBINATION |
16. | BUSINESS COMBINATION
|  | The Company acquired 25% equity interest in Kayser Myanmar on June 9, 2014 at a consideration of $25 and further acquired 50% equity interest in Kayser Myanmar on March 9, 2015 at a consideration of $50. The provisional assets and liabilities of Kayser Myanmar had been recorded at fair values on the date of acquisition.
|  | $ |
Identifiable assets acquired, at fair value: |  |  |  |
Cash and cash equivalents |  |  | 56 |
Accounts receivable |  |  | 293 |
Other assets |  |  | 76 |
Property, plant and equipment |  |  | 145 |
Long term payables |  |  | (545 | )
Other liabilities |  |  | (2 | )
|  |  | 23 |
|  | The non-controlling interest (25%) in Kayser Myanmar recognized at the acquisition date was measured by reference to the proportionate share of recognized amounts of net assets of Kayser Myanmar and amounted to $25.
|  | $ |
Goodwill arising on acquisition: |  |  |  |
Cash consideration paid |  |  | 50 |
Add: Non-controlling interests |  |  | 25 |
Add: Interest in equity investee previously held |  |  | 25 |
Less: Identifiable net assets acquired |  |  | (23 | )
Goodwill arising on acquisition |  |  | 77 |
|  | $ |
Net cash outflow arising on acquisition is determined as follows: |  |  |  |
Cash consideration paid |  |  | (75 | )
Bank balance and cash acquired |  |  | 56 |
|  |  | (19 | )
|  | On January 12, 2017, the Company further acquired 9% equity interest of Kayser Myanmar at a consideration of $9 from the non-controlling interest. As at March 31, 2017, the Company held 84% equity interest in Kayser Myanmar.

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- Definition The entire disclosure for a business combination (or series of individually immaterial business combinations) completed during the period, including background, timing, and recognized assets and liabilities. The disclosure may include leverage buyout transactions (as applicable). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 805 -URI http://asc.fasb.org/topic&trid=2303972 + Details
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- References No definition available. + Details
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