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Interests in Jointly-Controlled Entities (Tables)
12 Months Ended
Mar. 31, 2013
Equity Method Investments And Joint Ventures [Abstract]  
Particulars of Jointly-Controlled Entities

Particulars of the jointly-controlled entities are as follows:

 

Name

  

Place of

incorporation/

registration

  

Percentage of ownership
interest attributable to
the Company

  

Principal activities

Lite Array Holdings Limited

   British Virgin Islands    30    Investment holding

Dongguan Litewell (OLED) Technology Limited*

   PRC    30   

Research and development of

OLED equipment

Litewell Technology (HK) Limited*

   Hong Kong    30   

Design and trading of OLED

production equipment

and trading of OLED products

and corresponding materials

 

* Wholly-owned subsidiaries of Lite Array Holdings Limited
Summarized Financial Information of Company's Jointly-Controlled Entities

The following table illustrates the summarized financial information of the Company’s jointly-controlled entities:

As of or for the years ended December 31*

 

     2012     2011  
     US$     US$  

Current assets

     259,760        331,826   

Non-current assets

     1,496,549        1,705,652   

Current liabilities

     (5,164,836     (4,746,605

Revenue

     4,086        5,219   

Operating expenses

     (619,669     (869,179

Net loss

     (703,124     (553,065
  

 

 

   

 

 

 

 

* The financial year end date of Lite Array Holdings Limited