Annual report pursuant to Section 13 and 15(d)

Intangible Assets (Tables)

v2.4.1.9
Intangible Assets (Tables)
 12 Months Ended
Mar. 31, 2015
Goodwill And Intangible Assets Disclosure [Abstract]  
Components of Intangible Assets

The components of intangible assets as at March 31, 2015 and 2014 were as follows:

 

 

As of March 31, 2015

 

 

 

 

 

 

Accumulated

 

 

 

 

 

 

Cost

 

 

Amortization

 

 

Net

 

Software

$

13,480

 

 

$

(2,489

)

 

$

10,991

 

Trade name/ trade mark

$

380

 

 

$

(14

)

 

$

366

 

Customer list

 

14,755

 

 

 

(1,379

)

 

 

13,376

 

License agreements

 

355

 

 

 

(152

)

 

 

203

 

 

$

28,970

 

 

$

(4,034

)

 

$

24,936

 

 

 

As of March 31, 2014

 

 

 

 

 

 

Accumulated

 

 

 

 

 

 

Cost

 

 

Amortization

 

 

Net

 

Software

$

6,637

 

 

$

(1,369

)

 

$

5,268

 

Customer list

 

4,107

 

 

 

(577

)

 

 

3,530

 

License agreements

 

354

 

 

 

(78

)

 

 

276

 

 

$

11,098

 

 

$

(2,024

)

 

$

9,074

 

Discontinued operations

$

3,278

 

 

$

(3,050

)

 

$

228

 

 
Estimated Future Amortization Expense

Based on the amortizable intangible assets as of March 31, 2015, we estimate amortization expense for the next five years to be as follows:

 

 

Amortization

 

Year Ending March 31,

Expense

 

 

 

 

2016

$

8,631

 

2017

 

8,270

 

2018

 

3,546

 

2019

 

2,616

 

2020

 

617

 

Future

 

1,256

 

 

$

24,936

 

 
Summary of Intangible Assets

Below is a summary of intangible assets:

 

 

Intangible

 

 

Assets

 

Balance as of March 31, 2013

$

4,757

 

Acquisition

 

6,826

 

Impairment

 

(154

)

Disposal of subsidiary

 

(586

)

Amortization of intangibles

 

(1,769

)

Balance as of March 31, 2014

$

9,074

 

Amortization of intangibles

 

(2,010

)

Purchase price allocation adjustment

 

(1,472

)

Acquisition of XYO

 

1,500

 

Acquisition of Appia

 

17,780

 

Capitalized developed software

 

64

 

Balance as of March 31, 2015

$

24,936