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Income Taxes (Tables)

12 Months Ended

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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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
-Paragraph 9
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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.

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-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
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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.

+ References

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
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Tabular disclosure of income before income tax between domestic and foreign jurisdictions.

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-Publisher FASB
-Name Accounting Standards Codification
-Topic 235
-SubTopic 10
-Section S99
-Paragraph 1
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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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