Income Tax (Tables)

12 Months Ended

Mar. 31, 2014

Income Tax Disclosure [Abstract]

Loss before income tax

	2012			2013			2014
	$ in thousands			$ in thousands			$ in thousands
Hong Kong		(2,171	)		(3,509	)		(1,495	)
PRC		(181	)		2,832			1,337
Others		1,452			(48	)		(63	)
Total		(900	)		(725	)		(221	)

Deferred taxes

	2012			2013			2014
	$ in thousands			$ in thousands			$ in thousands
Deferred income tax		17			2			-
Current income tax expense		(19	)		(31	)		-
Total income tax expense		(2	)		(29	)		-

Geographic tax expense

	2012			2013			2014
	$ in thousands			$ in thousands			$ in thousands
Hong Kong		(2	)		(29	)		-
PRC		-			-			-
Others		-			-			-
Total		(2	)		(29	)		-

Income tax liabilities

	2013		2014
	$ in thousands		$ in thousands
Non-current		2,595		2,595
Current		7		7
Total		2,602		2,602

Deferred tax assets and liabilities

	2013			2014
	$ in thousands			$ in thousands
Tax loss carry forwards		700			853
Less: Valuation allowance		(700	)		(853	)
		-			-

Changes in valuation allowance

 (f) Changes in valuation allowance are as follows:

	2012		2013			2014
	$ in thousands		$ in thousands			$ in thousands
Balance, April 1		485		784			700
Charged / (credited) to income tax expense		299		(84	)		153
Balance, March 31		784		700			853

Tax expense attributable to earnings

	2012			2013			2014
	$ in thousands			$ in thousands			$ in thousands
Loss before income taxes		(900	)		(725	)		(221	)
Income tax benefit on pretax income at statutory rate		148			120			36
Effect of different tax rates of subsidiary   operating in other jurisdictions		176			(249	)		(28	)
Profit not subject to income tax		4,369			3,600			1,129
Expenses not deductible for income tax purposes		(4,715	)		(3,469	)		(1,137	)
(Increase) / decrease in valuation allowance		(299	)		84			(153	)
Reversal of provision as a result of development of tax rules		20			-			-
Under provision of prior year		-			(31	)		-
Tax losses not yet recognized / (utilization of tax losses not previously recognized)		299			(84	)		153
Total income tax expense		(2	)		(29	)		-