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SEGMENT INFORMATION

12 Months Ended

Mar. 31, 2017

Segment Reporting [Abstract]

SEGMENT INFORMATION

14. 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,
		2015				2016				2017
		$				$				$
Net sales:
Metal stamping and Mechanical OEM			12,520				10,268				8,323
Electric OEM			9,853				12,667				11,280
Total net sales			22,373				22,935				19,603
Operating income:
Metal stamping and Mechanical OEM			745				738				267
Electric OEM			605				916				646
Corporate			(79	)			(138	)			(152	)
Total operating income			1,271				1,516				761
Interest expense:
Metal stamping and Mechanical OEM			-				-				-
Electric OEM			-				-				-
Total interest expense			-				-				-
Depreciation and amortization expense:
Metal stamping and Mechanical OEM			226				137				107
Electric OEM			167				180				159
Total depreciation and amortization			393				317				266
Capital expenditure:
Metal stamping and Mechanical OEM			71				226				88
Electric OEM			58				298				109
Total capital expenditure			129				524				197

		As of March 31,
		2016				2017
		$				$
Total assets:
Metal stamping and Mechanical OEM			7,268				7,374
Electric OEM			9,638				8,597
Corporate			133				1,581
Total assets			17,039				17,552

		As of March 31,
		2016				2017
		$				$
Long-lived assets:
Metal stamping and Mechanical OEM			518				412
Electric OEM			603				542
Total long-lived assets			1,121				954

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,
		2015				2016				2017
		$				$				$
Net sales:
Hong Kong and China			4,703				5,662				4,700
Other Asian countries			1,734				134				31
Europe			15,153				16,342				14,037
North America			783				797				835
			22,373				22,935				19,603

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

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- References

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- Definition

The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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