XML 49 R35.htm IDEA: XBRL DOCUMENT v3.24.2
Income Taxes (Tables)
 12 Months Ended
Mar. 31, 2024
Income Taxes [Abstract]  
Schedule of Income (Loss) Before Income Taxes The components of income (loss) before income taxes are as follows:
   Year ended March 31, 
   2022   2023   2024 
   $   $   $ 
Hong Kong   100    (1,065)   (346)
China   354    774    39 
Myanmar   114    (22)   (832)
    568    (313)   (1,139)
Schedule of Income Tax (Credit) Expense Income tax expense (credit) consists of the following:
   Year ended March 31, 
   2022   2023   2024 
   $   $   $ 
Current tax:            
Hong Kong            
Current tax   
-
    
-
    
-
 
(Over)/under provision in prior year   (5)   (12)   (59)
                
China               
Current tax   
-
    1    
-
 
(Over)/under provision in prior year   
-
    
-
    
-
 
                
Myanmar               
Current tax   
-
    
-
    
-
 
Under provision in prior year   
-
    3    5 
                
Deferred tax   106    (12)   (107)
                
Total   101    (20)   (161)

 
Schedule of Effective Income Tax Rate Reconciliation A reconciliation between income taxes computed by applying the Hong Kong profits tax rate to profit/loss before income taxes, the income taxes are as follows:
   Year ended March 31, 
   2022   2023   2024 
   %   %   % 
Profits tax rate in Hong Kong   16.5    16.5    16.5 
Non-deductible items/non-taxable income   30.8    15.9    (7.9)
Changes in valuation allowances   (1.9)   22.6    10.4 
Overprovision of profits tax in prior year   (0.9)   2.9    4.7 
Effect of different tax rate of subsidiaries operating in other jurisdictions   6.3    (18.8)   (0.4)
Tax effect of tax losses not recognized   (4.4)   (55.7)   (12.3)
Tax effect of changes in tax rate   (3.7)   
-
    
-
 
Utilization of tax losses previously not recognized   (3.7)   
-
    
-
 
Others   (21.2)   23.0    3.1 
Effective tax rate   17.8    6.4    14.1 
Schedule of Deferred Income Tax Liabilities (Assets) Deferred income tax liabilities (assets) are as follows:
   As of March 31, 
   2023   2024 
   $   $ 
Deferred tax liabilities:        
Property, plant and equipment   5    
-
 
Operating lease right-of-use assets   562    163 
Total deferred tax liabilities   567    163 
           
Deferred tax assets:          
Property, plant and equipment   
-
    (64)
Lease liabilities   (460)   (171)
Tax loss carry forwards   (469)   (720)
Valuation allowance   469    792 
Total deferred tax assets   (460)   (163)
Net deferred tax (assets) / liabilities   107    
-
 

 
Schedule of Valuation Allowance Movement of valuation allowances are as follows:
   Year ended March 31, 
   2022   2023   2024 
   $   $   $ 
             
At the beginning of the year   593    494    469 
Current year (reduction) addition   (99)   (25)   323 
At the end of the year   494    469    792