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Segment Information
 12 Months Ended
Mar. 31, 2020
Segment Reporting [Abstract]  
SEGMENT INFORMATION

19.SEGMENT INFORMATION

 

The Group's chief operating decision maker, who has been identified as the Company's Chief Executive Officer, 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, 
   2018   2019   2020 
   $   $   $ 
Revenue from contracts with customers:            
Metal stamping and Mechanical OEM   9,638    7,717    6,929 
Electric OEM   9,528    6,560    5,629 
Total revenue from contracts with customers   19,166    14,277    12,558 
                
Operating income (loss):               
Metal stamping and Mechanical OEM   955    (405)   458 
Electric OEM   1,123    (250)   355 
Corporate   (140)   (100)   (66)
Total operating income (loss)   1,938    (755)   747 
                
Depreciation expense:               
Metal stamping and Mechanical OEM   160    133    83 
Electric OEM   159    128    62 
Total depreciation   319    261    145 
                
Capital expenditure:               
Metal stamping and Mechanical OEM   136    398    53 
Electric OEM   135    297    38 
Total capital expenditure   271    695    91 

 

   As of March 31, 
   2019   2020 
   $   $ 
Total assets:        
Metal stamping and Mechanical OEM   8,084    9,753 
Electric OEM   7,000    8,248 
Corporate   166    168 
Total assets   15,250    18,169 

   

   As of March 31, 
   2019   2020 
   $   $ 
Property, plant and equipment, net:        
Metal stamping and Mechanical OEM  513   520 
Electric OEM   373    358 
Total property, plant and equipment, net   886    878 

 

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, 
   2018   2019   2020 
   $   $   $ 
Revenue from contracts with customers:            
Hong Kong and China  4,086   2,794   2,186 
Europe   14,446    10,901    9,790 
Other Asian countries   46    128    - 
North America   588    454    582 
Total revenue from contracts with customers   19,166    14,277    12,558 

 

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, 
   2019   2020 
   $   $ 
Property, plant and equipment, net:        
Hong Kong and China  147   127 
Myanmar   739    751 
Total property, plant and equipment, net   886    878