Related Party Transactions

12 Months Ended

Mar. 31, 2015

The Company’s operating subsidiaries engage in transactions with related parties in the normal course of business. The following is a summary of balances and transactions with related parties of the Company:



	March 31, 2015		March 31, 2014
Balances:
Accounts receivable	$	41,816	$	44,869
Accounts payable	$	58,512	$	63,384



	Year Ended March 31,
	2015		2014		2013
Transactions:
Sales	$	20,692	$	—	$	—
Purchases	$	271,466	$	258,169	$	240,635

The Company’s operating subsidiaries have entered into transactions with affiliates of the Company for the purpose of procuring inventory.

The Company’s balances due to and from related parties are primarily with its deconsolidated Zimbabwe subsidiary. The remaining related party balances and transactions relate to the Company’s equity basis investments in companies located in Asia, South America, North America and Europe which grow, purchase, process and sell tobacco or produce consumable e-liquids.

- Definition

The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates.

+ References + Details