SOFTWARE HIRE PURCHASE AGREEMENTS

9 Months Ended

Dec. 31, 2018

Hire Purchase Arrangement [Abstract]

5.	SOFTWARE HIRE PURCHASE AGREEMENTS

The Group acquired software under a hire purchase arrangement which is stated at the present value of the minimum installment payments. The gross stated amount for such software is $428 and $430 and related accumulated depreciation is $171 and $107, respectively, as of December 31, 2018 and March 31, 2018.

Depreciation expenses in respect of assets held under hire purchase were $21 and $64 for the three and nine months ended December 31, 2018, respectively, compared to $22 and $65 for the three and nine months ended December 31, 2017, respectively.