Related Party Transactions

3 Months Ended

Jun. 30, 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:



	June 30, 2015		June 30, 2014		March 31, 2015
Balances:
Accounts receivable, related parties	$	89,285	$	76,672	$	41,816
Due to related parties	22,920		8,824		58,512



	Three Months Ended June 30,
	2015		2014
Transactions:
Sales	$	7,563	$	—
Purchases	22,651		18,100

The Company’s operating subsidiaries have entered into transactions with affiliates of the Company for the purpose of procuring or processing 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 purchase and process 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