Property, Plant and Equipment

12 Months Ended

Mar. 31, 2014

Property Plant And Equipment [Abstract]

Property Plant And Equipment Disclosure [Text Block]

5. Property, Plant and Equipment

Property, plant and equipment comprise:

	As of March 31,
	2013		2014
	US$		US$
Furniture and fixtures		473,115		367,004
Computer equipment and software		25,966,628		17,673,543
Office equipment		405,394		275,013
Vehicles		281,016		251,362
Leasehold improvements		646,925		444,467
Website development costs		3,452,526		4,110,523
Property, plant and equipment – at cost		31,225,604		23,121,912
Less: Accumulated depreciation and amortization		(26,344,562)		(20,160,336)
		4,881,042		2,961,576
Capital work-in-progress		899,130		609,646
Property, plant and equipment – net		5,780,172		3,571,222

In fiscal 2014, the Company has recognized an impairment loss of US$199,621 mainly in respect of computer equipment relating to its subsidiary Vubites (see note 8). Additionally, in fiscal 2014, the Company abandoned an application related project included in ‘Capital work-in-progress’ and as a result impaired an amount of US$39,380.

In the fiscal years 2012, 2013 and 2014, the Company incurred depreciation and amortization expense of US$3,028,924, US$3,249,417 and US$2,688,989 respectively.