Related Party Transactions

3 Months Ended

Jun. 30, 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:



	June 30, 2016		June 30, 2015		March 31, 2016
Balances:
Accounts receivable, related parties	$	9,266	$	7,732	$	1,920
Due to related parties	15,496		22,920		20,490



	Three Months Ended June 30,
	2016		2015
Transactions:
Sales	$	17,246	$	7,563
Purchases	10,048		22,651

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 equity basis investments 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.

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