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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2015
Cash flows from operating activities      
Net income $ 2,795 $ 2,871 $ 1,110
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 1,046 1,047 1,082
Amortization 271 288 294
Gain on disposal of property, plant and equipment (718) (98)
Gain on disposal of intangible assets (79) (519)
Write-down of inventories 156 30 687
Write off of property, plant and equipment 2 192
Gain from deregistration of subsidiaries 22
Change in cash surrender value of life insurance contract (4) (4) (5)
Change in fair value of financial instruments 61 (46) (132)
Dividend income from financial instruments at fair value (1)
Gain from sale of financial instruments at fair value (3)
Compensation expense for stock options granted 801
Changes in assets and liabilities:      
Trade receivables (254) 393 1,174
Other receivables, deposits and prepayments (209) 336 380
Repayment from affiliated party 166
Inventories 649 1,268 3,737
Income tax recoverable 39
Accounts payable (1,318) (2,290) (5,622)
Accrued charges and deposits (136) 36 520
Payable to affiliated parties (25) 13 56
Income tax liabilities 216 310 (894)
Net cash provided by operating activities 3,145 3,855 2,647
Cash flows from investing activities      
Proceeds from disposal of property, plant and equipment 805 314
Acquisition of property, plant and equipment (289) (823) (1,105)
Proceeds from disposal of intangible assets 120 342
Acquisition of financial instruments at fair value (163) (134) (390)
Payments made upon expiry of forward contracts (225)
Proceeds from sale of financial instruments at fair value 146 391
Dividends received from financial instruments at fair value 1
Proceeds from maturity of fixed deposits 1,049
Net cash (used in) / generated from investing activities (410) 581 (132)
Cash flows from financing activities      
Capital lease payments (49) (31) (24)
Advance from notes payable 1,721 4,370 6,275
Repayment of notes payable (2,820) (4,963) (6,972)
Repayment of bank overdrafts (630)
Advance from bank loans 2,927
Repayment of bank loans (363) (2,870) (1,871)
Advance from affiliated party 538
Payment to affiliated party (135) (134) (67)
Stock repurchase (368) (99)
Net cash generated from / (used in) financing activities (2,014) (3,727) 176
Net increase in cash and cash equivalents 721 709 2,691
Effect of exchange rate changes on cash and cash equivalents (523) (189) 220
Cash and cash equivalents, beginning of year 3,547 3,027 116
Cash and cash equivalents, end of year 3,745 3,547 3,027
Cash paid during the year for:      
Interest 37 113 273
Income tax 360 13
Income tax refund received 39 165
Non-cash investing activities:      
Property plant and equipment acquired under capital lease 116
Non-cash financing activities:      
Compensation expense for stock options granted $ 801