XML 81 R6.htm IDEA: XBRL DOCUMENT v3.2.0.727
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2015
Mar. 31, 2014
Mar. 31, 2013
Cash flows from operating activities      
Net (loss) / income $ 1,110 $ (221) $ (754)
Adjustments to reconcile net (loss) / income to net cash provided by operating activities:      
Depreciation 1,082 1,086 120
Amortization 294 289 226
Gain on disposal of property, plant and equipment (98) (3,595) $ (2)
Write-down of inventories 687 874  
Write off of property, plant and equipment 192 1,511  
Change in cash surrender value of life insurance contract (5) (4) $ (5)
Change in fair value of financial instruments (132) 419 (35)
Changes in assets and liabilities:      
Trade receivables 1,174 279 (678)
Other receivables, deposits and prepayments $ 380 (166) $ (792)
Receivable from affiliated party   $ (166)  
Repayment from affiliated party $ 166    
Inventories $ 3,737 $ (2,959) $ (1,355)
Income tax recoverable     (22)
Accounts payable $ (5,622) $ 2,620 2,761
Accrued charges and deposits 520 268 $ (18)
Payable to affiliated parties 56 $ 10  
Income tax liabilities $ (894)   $ (37)
Deferred income tax liabilities     (2)
Net cash (used in) / provided by operating activities $ 2,647 $ 245 (593)
Cash flows from investing activities      
Proceeds from disposal of property, plant and equipment 314 40 2
Acquisition of property, plant and equipment $ (1,105) $ (2,778) (1,412)
Acquisition of intangible assets     $ (802)
Acquisition of financial instruments at fair value $ (390)    
Acquisition of fixed deposits   $ (1,049) $ (1,014)
Proceeds from maturity of fixed deposits $ 1,049 1,014  
Net cash used in investing activities (132) (2,773) $ (3,226)
Cash flows from financing activities      
Capital lease payments (24) (28)  
Advance from notes payable 6,275 7,313 $ 6,467
Repayment of notes payable $ (6,972) (7,062) (6,061)
Advance from bank overdrafts   630 $ 180
Repayment of bank overdrafts $ (630) 180  
Advance from bank loans 2,927 $ 963 $ 1,357
Repayment of bank loans (1,871)    
Net advance from loan from affiliated party 471    
Net cash provided by financing activities 176 $ 1,636 $ 1,943
Net (decrease) / increase in cash and cash equivalents 2,691 (892) (1,876)
Effect of exchange rate changes on cash and cash equivalents 220 (132) 2
Cash and cash equivalents, beginning of year 116 1,140 3,014
Cash and cash equivalents, end of year 3,027 116 1,140
Cash paid during the year for:      
Interest 273 $ 136 68
Income tax 13   $ 90
Income tax refund received $ 165    
Non-cash investing activities:      
Property plant and equipment acquired under capital lease   $ 120