XML 142 R6.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Changes in Shareholders' Equity (USD $)
Total
Common Stock [Member]
Treasury Stock [Member]
Additional Paid-in Capital [Member]
Statutory Reserve [Member]
Accumulated Deficit [Member]
Accumulated Other Comprehensive Income (Loss) [Member]
Total Global-Tech Shareholders' Equity [Member]
Non-Controlling Interests [Member]
Balance balance at Mar. 31, 2010 $ 77,735,745 $ 129,143 $ (4,663,321) $ 84,280,027   $ (7,088,232) $ 5,078,128 $ 77,735,745  
Beginning balance, shares at Mar. 31, 2010   3,228,564 (189,587)            
Net income/loss for the year (4,187,999)         (4,012,971)   (4,012,971) (175,028)
Other comprehensive income:                  
Unrealized gain on available-for-sale investments, net of income tax of nil 11,092           11,092 11,092  
Release of unrealized loss on available-for-sale investments, net of income tax of nil 1,877           1,877 1,877  
Foreign currency translation adjustments 2,304,636           2,304,178 2,304,178 458
Total comprehensive income (loss) (1,870,394)         (4,012,971) 2,317,147 (1,695,824) (174,570)
Stock compensation expenses 470,109     470,109       470,109  
Shares issued to an employee 1,999 30   1,969       1,999  
Shares issued to an employee, shares   750              
Ending Balance at Mar. 31, 2011 76,337,459 129,173 (4,663,321) 84,752,105   (11,101,203) 7,395,275 76,512,029 (174,570)
Ending Balance, Shares at Mar. 31, 2011   3,229,314 (189,587)            
Net income/loss for the year 1,417,336         1,410,677   1,410,677 6,659
Other comprehensive income:                  
Unrealized gain on available-for-sale investments, net of income tax of nil 24,600           24,600 24,600  
Release of unrealized loss on available-for-sale investments, net of income tax of nil 643           643 643  
Foreign currency translation adjustments 2,277,759           2,278,213 2,278,213 (454)
Total comprehensive income (loss) 3,719,052         1,410,677 2,302,170 3,712,847 6,205
Stock compensation expenses 34,121     34,121       34,121  
Ending Balance at Mar. 31, 2012 80,090,632 129,173 (4,663,321) 84,786,226   (9,690,526) 9,697,445 80,258,997 (168,365)
Ending Balance, Shares at Mar. 31, 2012   3,229,314 (189,587)            
Net income/loss for the year (2,071,259)         (1,963,301)   (1,963,301) (107,958)
Other comprehensive income:                  
Unrealized gain on available-for-sale investments, net of income tax of nil 22,495           22,495 22,495  
Foreign currency translation adjustments 989,852           989,800 989,800 52
Total comprehensive income (loss) (1,058,912)         (1,963,301) 1,012,295 (951,006) (107,906)
Stock compensation expenses 258,128     258,128       258,128  
Shares issued to an employee 9,108 60   9,048       9,108  
Shares issued to an employee, shares   1,500              
Transfer to statutory reserves         1,238,361 (1,238,361)      
Cash dividend [1] (3,040,753)         (3,040,753)   (3,040,753)  
Ending Balance at Mar. 31, 2013 $ 76,258,203 $ 129,233 $ (4,663,321) $ 85,053,402 $ 1,238,361 $ (15,932,941) $ 10,709,740 $ 76,534,474 $ (276,271)
Ending Balance, Shares at Mar. 31, 2013   3,230,814 (189,587)            
[1] On August 22, 2012, the Board of Directors declared a special cash dividend of US$1 per each common stock, except for treasury stock owned by the Company itself. The special cash dividend was paid on September 5, 2012.