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Income Taxes (Tables)

12 Months Ended

Mar. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of income (loss) before income taxes

		Year ended March 31,
		2021				2022				2023
		$				$				$
Hong Kong			(233	)			100				(1,065	)
China			(458	)			354				774
Myanmar			91				114				(22	)
			(600	)			568				(313	)

Schedule of income tax (credit) expense

		Year ended March 31,
		2021				2022				2023
		$				$				$
Current tax:
Hong Kong
Current tax			5				-				-
Under/(over) provision in prior year			7				(5	)			(12	)
China
Current tax			-				-				1
Under/(over) provision in prior year			-				-				-
Myanmar
Current tax			-				-				-
Under provision in prior year			-				-				3
Deferred tax			(158	)			106				(12	)
Total			(146	)			101				(20	)

Schedule of effective income tax rate reconciliation

		Year ended March 31,
		2021				2022				2023
		%				%				%
Profits tax rate in Hong Kong			16.5				16.5				16.5
Non-deductible items/non-taxable income			25.5				30.8				15.9
Changes in valuation allowances			(18.4	)			(1.9	)			22.6
Overprovision of profits tax in prior year			(1.1	)			(0.9	)			2.9
Effect of different tax rate of subsidiaries operating in other jurisdictions			5.7				6.3				(18.8	)
Tax effect of tax losses not recognized			2.0				(4.4	)			(55.7	)
Tax effect of changes in tax rate			-				(3.7	)			-
Utilization of tax losses previously not recognized			(6.8	)			(3.7	)			-
Others			0.9				(21.2	)			23.0
Effective tax rate			24.3				17.8				6.4

Schedule of deferred income tax liabilities (assets)

		As of March 31,
		2022				2023
		$				$
Deferred tax liabilities:
Property, plant and equipment			4				5
Operating lease right-of-use assets			389				562
Total deferred tax liabilities			393				567
Deferred tax assets:
Lease liabilities			(256	)			(460	)
Tax loss carry forwards			(491	)			(469	)
Valuation allowance			494				469
Total deferred tax assets			(253	)			(460	)
Net deferred tax liabilities			140				107

Schedule of valuation allowance

		Year ended March 31,
		2021				2022				2023
		$				$				$
At the beginning of the year			552				593				494
Current year addition (reduction)			41				(99	)			(25	)
At the end of the year			593				494				469

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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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-Topic 740
-SubTopic 10
-Name Accounting Standards Codification
-Paragraph 9
-Section 50
-Publisher FASB
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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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-SubTopic 10
-Name Accounting Standards Codification
-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.

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-SubTopic 10
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-Paragraph 12
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- Definition

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

+ References

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-Topic 235
-SubTopic 10
-Name Accounting Standards Codification
-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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