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Property, Plant and Equipment, Net
 12 Months Ended
Mar. 31, 2024
Property, Plant and Equipment, Net [Abstract]  
PROPERTY, PLANT AND EQUIPMENT, NET
8.PROPERTY, PLANT AND EQUIPMENT, NET

 

Property, plant and equipment, net consisted of the following:

 

   As of March 31, 
   2023   2024 
   $   $ 
At cost:        
Machinery and equipment   11,149    11,036 
Furniture and fixtures   79    79 
Leasehold improvements   822    816 
Motor vehicles   163    151 
           
Total   12,213    12,082 
Less: Accumulated depreciation and impairment   (11,812)   (11,747)
Less: Impairment loss   
-
    (335)
           
Property, plant and equipment, net   401    
-
 

 

Depreciation expense incurred for the years ended March 31, 2022, 2023 and 2024 were $162, $209 and $159, respectively.

 

No impairment of property, plant and equipment was recognized during the years ended March 31, 2022 and 2023. For the year ended March 31, 2024, as the estimated undiscounted future cashflows are less than the carrying value of property, plant and equipment, an impairment loss of $335 is recognized. Income approach is used to measure the fair value of assets and liabilities. Impairment loss is recognized as the adverse changes in the business climate negatively impact the Group’s business operations.