Annual report pursuant to Section 13 and 15(d)

Intangible Assets (Tables)

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Intangible Assets (Tables)
12 Months Ended
Mar. 31, 2014
Components of Intangible Assets

The components of intangible assets as at March 31, 2014 and 2013 were as follows:

 

     As of March 31, 2014  
     Cost      Accumulated
Amortization
    Net  

Software

   $ 6,637       $ (1,369   $ 5,268   

Trade name / trademark

     —           —          —     

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   

 

     As of March 31, 2013  
     Cost      Accumulated
Amortization
    Net  

Software

   $ 2,429       $ (1,269   $ 1,160   

Trade name / trademark

     297         (16     281   

Customer list

     4,675         (1,407     3,268   

License agreements

     498         (450     48   
  

 

 

    

 

 

   

 

 

 
   $ 7,899       $ (3,142   $ 4,757   
  

 

 

    

 

 

   

 

 

 

Discontinued operations

   $ 3,432       $ (2,847   $ 585   
Estimated Future Amortization Expense

Based on the amortizable intangible assets as of March 31, 2014, we estimate amortization expense for the next five years to be as follows:

 

Year Ending March 31,

   Amortization
Expense
 
     (in thousands)  

2015

   $ 1,793   

2016

     1,793   

2017

     1,786   

2018

     1,697   

2019

     443   

Future

     1,582   
  

 

 

 
   $ 9,074   
  

 

 

 
Summary of Intangible Assets

Below is a summary of Intangible assets:

 

     Intangible
Assets
 

Balance as of March 31, 2012

   $ 817   

Acquisition

     4,470   

Impairment

     —    

Amortization of intangibles

   $ (530
  

 

 

 

Balance as of March 31, 2013

   $ 4,757   

Acquisition

     6,826   

Impairment

     (154

Disposal of subsidiary

     (586

Amortization of intangibles

     (1,769

Adjust goodwill for tax

     —    
  

 

 

 

Balance as of March 31, 2014

   $ 9,074