Property, plant and equipment

6 Months Ended

Sep. 30, 2022

Property, Plant and Equipment [Abstract]

Property, plant and equipment

Property, plant and equipment

Property, plant and equipment comprises owned and right of use assets. The Company leases many assets including property, vehicles, machinery and IT equipment.

The cost and accumulated depreciation of owned assets are as follows (in thousands):

	March 31, 2022		September 30, 2022
Owned assets
Plant and Equipment	$	791	$	715
Motor Vehicles	1,938		1,814
Furniture, fixtures and equipment	1,553		1,357
Computer and radio equipment	4,036		3,745
In-vehicle devices	65,881		67,532
Assets in progress	332		111
Owned assets, gross	74,531		75,274
Less: accumulated depreciation and impairments	(46,597)		(44,905)
Owned assets, net	$	27,934	$	30,369

Depreciation expense related to owned assets during the three months ended September 30, 2021 and 2022 was $2.6 million and $2.2 million, respectively. Depreciation expense related to owned equipment during the six months ended September 30, 2021 and 2022 was $5.3 million and $4.8 million, respectively. Depreciation expense related to in-vehicle devices is included in subscription cost of revenue.

The cost and accumulated depreciation of right-of-use assets are as follows (in thousands):

	March 31, 2022		September 30, 2022
Right-of-use assets
Property	$	7,019	$	5,113
Equipment, motor vehicles and other	305		225
Less: accumulated depreciation	(2,984)		(2,068)
Right of use assets, net	$	4,340	$	3,270