Related Party Transactions

12 Months Ended

Mar. 31, 2016

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, 2016		March 31, 2015
Balances:
Accounts receivable	$	1,920	$	7,491
Accounts payable	$	20,490	$	58,512



	Year Ended March 31,
	2016		2015		2014
Transactions:
Sales	$	18,827	$	20,692	$	—
Purchases	$	264,707	$	271,466	$	258,169

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 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.