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v3.20.2

Income Taxes (Tables) | 12 Months Ended
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Mar. 31, 2020
Income Tax Disclosure [Abstract] |
Schedule of income before income (loss) taxes |
|  | Year ended March 31, |
|  | 2018 |  |  | 2019 |  |  | 2020 |
|  | $ |  |  | $ |  |  | $ |
Hong Kong |  |  | 955 |  |  |  | (850 | ) |  |  | 673 |
China |  |  | 1,060 |  |  |  | 398 |  |  |  | 229 |
Myanmar |  |  | 57 |  |  |  | (242 | ) |  |  | (6 | )
|  |  | 2,072 |  |  |  | (694 | ) |  |  | 896 |
Schedule of income tax expense (credit) |
|  | Year ended March 31, |
|  | 2018 |  |  | 2019 |  |  | 2020 |
|  | $ |  |  | $ |  |  | $ |
Current tax: |  |  |  |  |  |  |  |  |
Hong Kong |  |  |  |  |  |  |  |  |  |  |  |
Current tax |  |  | 156 |  |  |  | 4 |  |  |  | 11 |
Overprovision in prior year |  |  | - |  |  |  | (30 | ) |  |  | - |
China |  |  |  |  |  |  |  |  |  |  |  |
Current tax |  |  | 356 |  |  |  | - |  |  |  | - |
Deferred tax: |  |  |  |  |  |  |  |  |  |  |  |
Current tax |  |  | - |  |  |  | - |  |  |  | 198 |
Total |  |  | 512 |  |  |  | (26 | ) |  |  | 209 |
Schedule of effective income tax rate reconciliation |
|  | Year ended March 31, |
|  | 2018 |  |  | 2019 |  |  | 2020 |
|  | % |  |  | % |  |  | % |
Profits tax rate in Hong Kong |  |  | 16.5 |  |  |  | 16.5 |  |  |  | 16.5 |
Non-deductible items/non-taxable income |  |  | 2.1 |  |  |  | 3.3 |  |  |  | 26.9 |
Changes in valuation allowances |  |  | (1.4 | ) |  |  | (0.4 | ) |  |  | 1.1 |
Overprovision of profits tax in prior year |  |  | (2.1 | ) |  |  | 4.3 |  |  |  | - |
Effect of different tax rate of subsidiaries operating in other jurisdictions |  |  | 4.3 |  |  |  | (1.9 | ) |  |  | 1.8 |
Tax effect of tax losses not recognized |  |  | 0.0 |  |  |  | (30.0 | ) |  |  | 0.1 |
Utilization of tax losses previously not recognized |  |  | (1.0 | ) |  |  | 12.7 |  |  |  | (11.6 | )
Others |  |  | 6.2 |  |  |  | (0.8 | ) |  |  | (11.5 | )
Effective tax rate |  |  | 24.6 |  |  |  | 3.7 |  |  |  | 23.3 |
Schedule of deferred income tax assets (liabilities) |
|  | As of March 31, |
|  | 2019 |  |  | 2020 |
|  | $ |  |  | $ |
Deferred tax liabilities: |  |  |  |  |  |
Property, plant and equipment |  |  | 32 |  |  |  | 5 |
ROU assets |  |  | - |  |  |  | 829 |
Total deferred tax liabilities |  |  | 32 |  |  |  | 834 |
Deferred tax assets: |  |  |  |  |  |  |  |
Lease liabilities |  |  | - |  |  |  | (605 | )
Tax loss carryforwards |  |  | (594 | ) |  |  | (478 | )
Deferred deductible expenses |  |  | (74 | ) |  |  | (74 | )
Valuation allowance |  |  | 668 |  |  |  | 552 |
Total deferred tax assets |  |  | - |  |  |  | (605 | )
Net deferred tax liabilities |  |  | 32 |  |  |  | 229 |
Schedule of valuation allowance |
|  | Year ended March 31, |
|  | 2018 |  |  | 2019 |  |  | 2020 |
|  | $ |  |  | $ |  |  | $ |
At the beginning of the year |  |  | 567 |  |  |  | 548 |  |  |  | 668 |
Current year (reduction) addition |  |  | (19 | ) |  |  | 120 |  |  |  | (116 | )
At the end of the year |  |  | 548 |  |  |  | 668 |  |  |  | 552 |

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- Definition 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 Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32687-109319 + Details
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- Definition 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. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
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