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Segment Information

12 Months Ended

Mar. 31, 2019

Segment Reporting [Abstract]

SEGMENT INFORMATION

17. 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 focus 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. Corporate represented expenses that are not allocated to reportable segments and other corporate items.

A summary of the revenue from contracts with customers, profitability information and asset information by segment and geographical areas is shown below:

		Year ended March 31,
		2017				2018				2019
		$				$				$
Revenue from contracts with customers:
Metal stamping and Mechanical OEM			8,323				9,638				7,717
Electric OEM			11,280				9,528				6,560
Total revenue from contracts with customers			19,603				19,166				14,277
Operating income (loss):
Metal stamping and Mechanical OEM			267				955				(405	)
Electric OEM			646				1,123				(250	)
Corporate			(152	)			(140	)			(100	)
Total operating income (loss)			761				1,938				(755	)
Depreciation expense:
Metal stamping and Mechanical OEM			107				160				133
Electric OEM			159				159				128
Total depreciation			266				319				261
Capital expenditure:
Metal stamping and Mechanical OEM			88				136				398
Electric OEM			109				135				297
Total capital expenditure			197				271				695

		As of March 31,
		2018				2019
		$				$
Total assets:
Metal stamping and Mechanical OEM			8,402				8,084
Electric OEM			9,535				7,000
Corporate			193				166
Total assets			18,130				15,250

		As of March 31,
		2018				2019
		$				$
Property, plant and equipment, net:
Metal stamping and Mechanical OEM			391				513
Electric OEM			379				373
Total property, plant and equipment, net			770				886

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,
		2017				2018				2019
		$				$				$
Revenue from contracts with customers:
Hong Kong and China			4,700				4,086				2,794
Europe			14,037				14,446				10,901
Other Asian countries			31				46				128
North America			835				588				454
Total revenue from contracts with customers			19,603				19,166				14,277

All of the Group's property, plant and equipment are located in Hong Kong, China and Myanmar. The breakdown by geographic area is as follows:

		As of March 31,
		2018				2019
		$				$
Property, plant and equipment, net:
Hong Kong and China			581				147
Myanmar			189				739
Total property, plant and equipment, net			770				886

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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://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-URI http://asc.fasb.org/topic&trid=2134510

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