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Related party transactions
 12 Months Ended
Mar. 31, 2013
Related Party Transactions [Abstract]  
Related party transactions
14Related party transactions

 

(a)The Group paid emoluments, commissions and/or consultancy fees to its directors, officers and former directors as follows:

 

 

Year Ended

March 31,

   Mr. Anthony  Mr. Kim Wah  Mr. Woo-Ping   Mr. Andrew 
     So  Chung  Fok   So 
     Director, Chief Executive  Director  Director   Director 
                 
     Officer and Treasurer           
     $ in thousands  $ in thousands  $ in thousands   $ in thousands 
                 
 2011   $915 (i), (iii)  $165 (iii)  Nil   —   
 2012   $857 (i), (iii)  $161 (iii)  Nil  $88 
 2013   $857 (i), (iii)  $160 (iii)  Nil  $124 

 

           

Mr. J. Stewart

Jackson. IV

  

Mr. Henry

Schlueter

  

Mr. Albert

So

  
                         
            Former Director   Director and Assistant Secretary   Director, Chief Financial Officer and Secretary  
            $ in thousands   $ in thousands     $ in thousands  
                         
  2011         Nil   $87 (ii)     $118  
  2012         Nil   $68 (ii)     $118  
  2013         Nil   $74 (ii)     $124 (iii)  

 

The emoluments paid to the Group’s directors and officers were included in the salaries and related costs, while the consultancy fees or professional fees paid to Schlueter & Associates, P.C., were included in the administration and general expenses.

 

(i)Apart from the emoluments paid by the Group as shown above, one of the properties of the Group in Hong Kong is also provided to Mr. So Hung Gun, Anthony for his accommodation.

 

(ii)The amounts for the years ended March 31, 2011, 2012 and 2013 represented professional fees paid to Schlueter & Associates, P.C., the Group’s SEC counsel, in which Mr. Henry Schlueter is one of the principals.

 

(iii)The amount for the year ended March 31, 2011, included unpaid vacation payments of $115,000 and $14,000 for Mr. Anthony So, and Mr. Kim Wah Chung, respectively. The amount for the year ended March 31, 2012, included unpaid vacation payments of $57,000 and $10,000 for Mr. Anthony So, and Mr. Kim Wah Chung, respectively. The amount for the year ended March 31, 2013, included unpaid vacation payments of $57,000, $9,000, $5,000 for Mr. Anthony So, Mr. Kim Wah Chung, and Mr. Albert So, respectively.