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SEGMENT INFORMATION

12 Months Ended

Mar. 31, 2018

Segment Reporting [Abstract]

SEGMENT INFORMATION

15. 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,
		2016				2017				2018
		$				$				$
Net sales:
Metal stamping and Mechanical OEM			10,268				8,323				9,638
Electric OEM			12,667				11,280				9,528
Total net sales			22,935				19,603				19,166
Operating income:
Metal stamping and Mechanical OEM			738				267				955
Electric OEM			916				646				1,123
Corporate			(138	)			(152	)			(140	)
Total operating income			1,516				761				1,938
Depreciation and amortization expense:
Metal stamping and Mechanical OEM			137				107				160
Electric OEM			180				159				159
Total depreciation and amortization			317				266				319
Capital expenditure:
Metal stamping and Mechanical OEM			226				88				136
Electric OEM			298				109				135
Total capital expenditure			524				197				271

		As of March 31,
		2017				2018
		$				$
Total assets:
Metal stamping and Mechanical OEM			7,374				8,402
Electric OEM			8,597				9,535
Corporate			1,581				193
Total assets			17,552				18,130

		As of March 31,
		2017				2018
		$				$
Property, plant and equipment:
Metal stamping and Mechanical OEM			412				391
Electric OEM			542				379
Total property, plant and equipment			954				770

All of the Group’s sales are coordinated 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,
		2016				2017				2018
		$				$				$
Net sales:
Hong Kong and China			5,662				4,700				4,086
Europe			16,342				14,037				14,446
Other Asian countries			134				31				46
North America			797				835				588
			22,935				19,603				19,166

All of the Group’s property, plant and equipment are located in Hong Kong, China and Myanmar.

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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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