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Segment Information
 12 Months Ended
Mar. 31, 2022
Segment Reporting [Abstract]  
SEGMENT INFORMATION
21.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, 
   2020   2021   2022 
   $   $   $ 
Revenue from contracts with customers:            
Metal stamping and Mechanical OEM   6,929    5,192    7,213 
Electric OEM   5,629    3,976    5,152 
Total revenue from contracts with customers   12,558    9,168    12,365 
                
Operating income (loss):               
Metal stamping and Mechanical OEM   458    (327)   339 
Electric OEM   355    (207)   307 
Corporate   (66)   (82)   (79)
Total operating income (loss)   747    (616)   567 
                
Depreciation expense:               
Metal stamping and Mechanical OEM   83    90    95 
Electric OEM   62    69    67 
Total depreciation   145    159    162 
                
Capital expenditure:               
Metal stamping and Mechanical OEM   53    50    78 
Electric OEM   38    38    56 
Total capital expenditure   91    88    134 

 

   As of March 31, 
   2021   2022 
   $   $ 
Total assets:        
Metal stamping and Mechanical OEM   7,874    7,784 
Electric OEM   7,440    6,961 
Corporate   172    114 
           
Total assets   15,486    14,859 

 

   As of March 31, 
   2021   2022 
   $   $ 
Property, plant and equipment, net:        
Metal stamping and Mechanical OEM   474    380 
Electric OEM   359    263 
           
Total property, plant and equipment, net   833    643 

 

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, 
   2020   2021   2022 
   $   $   $ 
Revenue from contracts with customers:            
Hong Kong and China   2,186    1,554    2,105 
Europe   9,790    7,269    8,761 
Other Asian countries   
-
    37    76 
North America   582    308    1,423 
                
Total revenue from contracts with customers   12,558    9,168    12,365 

 

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, 
   2021   2022 
   $   $ 
Property, plant and equipment, net:        
Hong Kong and China   98    128 
Myanmar   735    515 
           
Total property, plant and equipment, net   833    643