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Income Taxes (Tables)

12 Months Ended

Mar. 31, 2019

Income Tax Disclosure [Abstract]

Schedule of income before income tax

		Year ended March 31,
		2017				2018				2019
		$				$				$
Hong Kong			513				955				(850	)
China			248				1,060				398
Myanmar			-				57				(242	)
			761				2,072				(694)

Schedule of provision for income taxes

		Year ended March 31,
		2017				2018				2019
		$				$				$
Hong Kong
Current tax			103				156				4
Overprovision in prior year			-				-				(30	)
China
Current tax			133				356				-
Total			236				512				(26	)

Schedule of effective income tax rate reconciliation

		Year ended March 31,
		2017				2018				2019
		%				%				%
Profits tax rate in Hong Kong			16.5				16.5				16.5
Non-deductible items/non-taxable income			15.2				2.1				3.3
Changes in valuation allowances			(5.9	)			(1.4	)			(0.4	)
Overprovision of profits tax in prior year			(0.5	)			(2.1	)			4.3
Effect of different tax rate of subsidiaries operating in other jurisdictions			2.8				4.3				(1.9	)
Tax effect of tax losses not recognized			1.1				0.0				(30.0	)
Utilization of tax losses previously not recognized			(7.1	)			(1.0	)			12.7
Others			8.9				6.2				(0.8	)
Effective tax rate			31.0				24.6				3.7

Schedule of deferred tax assets and liabilities

		As of March 31,
		2018				2019
		$				$
Deferred tax liability:
Property, plant and equipment			32				32
Deferred tax asset:
Tax loss carryforwards			(474	)			(594	)
Deferred deductible expenses			(74	)			(74	)
Valuation allowance			548				668
Total net deferred tax asset			-				-
Net deferred tax liability			32				32

Schedule of valuation allowance

		Year ended March 31,
		2017				2018				2019
		$				$				$
At the beginning of the year			612				567				548
Current year (reduction) addition			(45	)			(19	)			120
At the end of the year			567				548				668

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Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
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Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

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Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance.

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