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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities    
Net income $ 1,608 $ 678
Current Income Tax Expense (Benefit) 767 602
Deferred Income Tax Expense (Benefit) 1,075 2,532
Net profit on sale of property, plant and equipment (4) (33)
Business Combination, Contingent Consideration Arrangements, Change in Amount of Contingent Consideration, Liability (24) 0
Depreciation expense 2,567 2,626
Amortization expense 1,445 1,120
Amortization of Deferred Sales Commissions 1,066 942
Investment Income, Net 233 (487)
Share-based Payment Arrangement, Noncash Expense 240 (192)
Foreign Currency Transaction Gain, before Tax 730 (845)
Accounts Receivable, Credit Loss Expense (Reversal) 818 720
Write-down of inventory 70 57
Net Accrued Expenses And Other Liabilities Raised (135) (299)
Other Noncash Income (Expense) (18) (119)
Increase (Decrease) in Inventories 595 (1,046)
Increase (Decrease) in Accounts Receivable (2,554) (797)
Increase (Decrease) in Prepaid Expense and Other Assets (382) (2,335)
Increase (Decrease) in Accounts Payable (666) (1,016)
Increase (Decrease) in Accrued Liabilities and Other Operating Liabilities 141 (905)
Increase (Decrease) in Contract with Customer, Asset (1,862) (1,851)
Increase (Decrease) Of Foreign Exchange Movements On Operating Capital (785) (630)
Interest received 258 336
Interest paid (376) (165)
Income tax received 172 422
Net cash (used in)/provided by operating activities 4,979 (685)
Cash flows from investing activities    
Acquisition of property, plant and equipment – in-vehicle devices (3,447) (4,887)
Acquisition of property, plant and equipment – other (169) (305)
Proceeds from the sale of property, plant and equipment 0 33
Acquisition of intangible assets (1,355) (1,492)
Net cash used in investing activities (4,971) (6,651)
Cash flows from financing activities    
Cash paid for ordinary shares repurchased (546) 0
Cash paid on dividends to MiX Telematics Limited stockholders (1,331) (1,416)
Movement in short-term debt 63 1,044
Net cash used in financing activities (1,814) (372)
Net decrease in cash and cash equivalents, and restricted cash (1,806) (7,708)
Cash and cash equivalents, and restricted cash at beginning of the period 30,657 34,719
Effect of exchange rate changes on cash and cash equivalents, and restricted cash    
Effect of exchange rate changes on cash and cash equivalents, and restricted cash (987) (1,385)
Cash and cash equivalents, and restricted cash at end of the period $ 27,864 $ 25,626