XML 220 R54.htm IDEA: XBRL DOCUMENT v2.4.0.8
Segment Information (Tables)
12 Months Ended
Mar. 31, 2013
Segment Reporting [Abstract]  
Operating Financial Information of Four Reportable Segments
  The following table provides operating financial information for the four reportable segments:

 

     Home
    Appliances#    
    Electronic
    Components    
        EMS             Others             Corporate             Combined      
     US$     US$     US$     US$     US$     US$  

As of or for the fiscal year ended March 31, 2013

  

   

Revenues from external customers

     —          65,188,724        14,256,314        1,638,346        —          81,083,384   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Capital expenditure

     —          6,484,577        767,186        358,813        3,055        7,613,631   

Interest income

     —          —          —          —          839,557        839,557   

Interest expense

     —          (109,749     —          —          774,358        664,609   

Depreciation and amortization

     —          554,337        1,336,208        223,915        1,328,267        3,442,727   

Segment profit (loss)

     725,773        3,687,547        (3,314,836     (1,182,894     (1,878,891     (1,963,301

Total assets

     34        29,618,065        16,203,482        1,114,654        61,289,608        108,225,843   

As of or for the fiscal year ended March 31, 2012

  

   

Revenues from external customers

     53,885,407        54,431,519        14,439,926        781,260        —         123,538,112   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Capital expenditure

     240,763        226,277        273,926        73,281        —         814,247   

Interest income

     —         —         —         —         377,074        377,074   

Interest expense

     (2,403     (104,517     —         321        (177,401     (284,000

Depreciation and amortization

     1,522,962        594,746        1,268,736        76,809        98,577        3,561,830   

Segment profit (loss)

     1,374,342     2,885,762        221,655        (640,020     (2,431,062     1,410,677   

Total assets

     313,033        34,554,319        11,614,176        739,106        61,819,375        109,040,009   

As of or for the fiscal year ended March 31, 2011

  

   

Revenues from external customers

     43,485,638        42,621,597        14,742,075        105,194        —         100,954,504   
  

 

 

   

 

 

   

 

 

   

 

 

   

 

 

   

 

 

 

Capital expenditure

     217,028        807,077        3,598,918        40,345        —         4,663,368   

Interest income

     —         —         —         —         498,837        498,837   

Interest expense

     —         (268,219     (2,604     —         308,173        37,350   

Depreciation and amortization

     1,599,996        557,353        971,836        62,690        140,261        3,332,136   

Segment profit (loss)

     (1,775,879     1,400,572        (695,296     (960,777     (1,981,591     (4,012,971

Total assets

     22,234,345        23,809,159        15,066,413        703,412        58,122,805        119,936,134   

 

# As discussed in note 18, the Home Appliance segment was discontinued on January 15, 2012. The results of the operations has been classified as discontinued operations on the face of the consolidated statement of operations and comprehensive income.
* An impairment loss of US$1,230,727 was recognized in the consolidated statement of operations and comprehensive income for machinery that was used in the operation of the Home Appliances segment in 2012. No impairment loss was recognized in 2013 and 2011.
Net Sales Including Net Sales of Discontinued Operations by Geographic Area
  Net sales including net sales of discontinued operations by geographic area based on the location of customers are as follows:

 

     2013      2012      2011  
     US$      US$      US$  

Australia

     533,077         501,665         562,066   

Europe

     326,298         4,469,428         3,213,506   

North America

     49,423         47,969,847         38,808,728   

Asia

     80,174,586         70,596,126         58,360,791   

Other regions

     —          1,046         9,413   
  

 

 

    

 

 

    

 

 

 
     81,083,384         123,538,112         100,954,504   
  

 

 

    

 

 

    

 

 

 
Net Sales Including Net Sales of Discontinued Operations by Product/Service Type
  Net sales including net sales of discontinued operations by product/service type

 

     2013      2012      2011  
     US$      US$      US$  

Floor care products

     —          51,056,019         40,013,087   

Kitchen appliances

     533,077         755,607         1,081,498   

CCMs

     63,913,523         53,094,225         41,592,838   

Cellular phone assembly services

     14,256,314         14,439,927         14,648,779   

Others

     2,380,470         4,192,334         3,618,302   
  

 

 

    

 

 

    

 

 

 
     81,083,384         123,538,112         100,954,504   
  

 

 

    

 

 

    

 

 

 
Schedule of Long-Lived Assets
  Long-lived assets*

 

     March 31,
2013
     March 31,
2012
 
     US$      US$  

Hong Kong

     150,734         210,800   

Mainland China

     29,404,484         24,806,115   
  

 

 

    

 

 

 
     29,555,218         25,016,915   
  

 

 

    

 

 

 

 

  * Long-lived assets represent land use rights and property, plant and equipment.
Schedule of Net Sales from Major Customers

Customers accounting for 10% or more of the Company’s combined net sales are as follows:

 

     2013      2012      2011  
     US$      US$      US$  

From continuing operations:

        

ZTE Corporation (“ZTE”)

     9,011,148         24,227,414         8,797,843   

Shenzhen Tinno Mobile Technology Co. Ltd. (“Tinno”)

     8,636,784         13,018,044         13,677,827   

Lenovo Mobile Communication Technology Ltd. (“Lenovo”)

     26,799,405         11,698,569         12,712,077   

Dongguan Huabel Electronic Technology Co. Ltd. (“Huabel”)

     9,799,379         5,245         109   

From discontinued operations:

        

Electrolux S.A. and subsidiaries (“Electrolux”)

     —          52,339,623         42,006,085