XML 48 R34.htm IDEA: XBRL DOCUMENT v3.24.2
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Mar. 31, 2024
Summary of Significant Accounting Policies [Abstract]  
Schedule of Revenue Recognition by Product Line Breakdown of revenue recognition by product line is as follows:
   Year ended March 31, 
   2022   2023   2024 
   $   $   $ 
Sale of products   12,351    10,201    5,503 
Sub-contracting income   
-
    
-
    818 
Maintenance service income   14    41    
-
 
    12,365    10,242    6,321 

 
Schedule of Revenue Recognition at a Point of Time / Overtime Breakdown of revenue recognition at a point of time / overtime is as follows:
   Year ended March 31, 
   2022   2023   2024 
   $   $   $ 
Revenue recognized at a point of time   12,351    10,201    6,321 
Revenue recognized over time   14    41    
-
 
    12,365    10,242    6,321 
Schedule of Movement of Contract Liabilities Movement of contract liabilities are as follows:
   Year ended March 31, 
   2023   2024 
   $   $ 
At the beginning of the year   79    
-
 
Deposits received   
-
    10 
Recognized as revenue   (78)   
-
 
Exchange   (1)   
-
 
At the end of the year   
-
    10 
Schedule of Exchange Rates Exchange rates used to translate amounts in Chinese Renminbi and Myanmar Kyat into the U.S. dollars, the reporting currency are as follows:
   Year ended March 31, 
   2022   2023   2024 
Items in the consolidated statement of operations:            
Chinese Renminbi   6.44    6.83    7.15 
Myanmar Kyat   1,729    1,995    2,103 
   As of March 31, 
   2023   2024 
Balance sheet items, except for equity accounts        
Chinese Renminbi   6.86    7.27 
Myanmar Kyat   2,103    2,103 

 
Schedule of Gain or Loss on Deregistration On February 24, 2023, the Group’s non-wholly owned dormant subsidiary, Advanced Clean Innovation Asia (“ACIA”) Limited, was de-registered. Gain or loss on deregistration is calculated as follows:
   $ 
Net liability of ACIA as of April 1, 2022   (4)
Share of 49% by non-controlling interest as of April 1, 2022   (2)
Share of profit by non-controlling interest for the year ended March 31, 2023   2 
Gain or loss on deregistration   (0)