v3.25.2
PROPERTY, PLANT AND EQUIPMENT, NET
 12 Months Ended
Mar. 31, 2025
PROPERTY, PLANT AND EQUIPMENT, NET  
PROPERTY, PLANT AND EQUIPMENT, NET

6. PROPERTY, PLANT AND EQUIPMENT, NET

 

Property, plant and equipment, net, consists of the following:

 

 

 

As of March 31,

 

 

 

2025

 

 

2024

 

 

 

US$’000

 

 

US$’000

 

Plant and machinery

 

 

40,081

 

 

 

38,652

 

Buildings

 

 

52,554

 

 

 

52,696

 

Motor vehicles

 

 

1,045

 

 

 

1,045

 

Office equipment

 

 

363

 

 

 

301

 

Work-in-progress

 

 

-

 

 

 

39

 

Subtotal

 

 

94,043

 

 

 

92,733

 

Less: accumulated depreciation

 

 

(50,851)

 

 

(45,748)

Property, plant and equipment, net

 

 

43,192

 

 

 

46,985

 

 

Depreciation expense was approximately US$5,955,000, US$5,849,000 and US$5,690,000 for the years ended March 31, 2023, 2024 and 2025, respectively.

 

Accumulated depreciation was translated at the exchange rate at each reporting period end date. Depreciation expense was translated at the average exchange rate during the reporting period. Therefore, depreciation expense will not necessarily agree with changes in the corresponding accumulated depreciation.