Document And Entity Information
Document And Entity Information | 12 Months Ended |
Mar. 31, 2019shares | |
Document Information [Line Items] | |
Entity Registrant Name | VivoPower International PLC |
Entity Central Index Key | 0001681348 |
Trading Symbol | vvpr |
Current Fiscal Year End Date | --03-31 |
Entity Filer Category | Non-accelerated Filer |
Entity Current Reporting Status | Yes |
Entity Voluntary Filers | No |
Entity Well-known Seasoned Issuer | No |
Entity Emerging Growth Company | true |
Entity Ex Transition Period | false |
Entity Common Stock, Shares Outstanding (in shares) | 13,557,356 |
Document Type | 20-F/A |
Document Period End Date | Mar. 31, 2019 |
Document Fiscal Year Focus | 2019 |
Document Fiscal Period Focus | FY |
Amendment Flag | true |
Amendment Description | VivoPower International PLC is filing this Amendment No. 1 on Form 20-F/A (this "Amendment") to its Annual Report on Form 20-F for the year ended March 31, 2019, which was filed with the Securities and Exchange Commission on July 12, 2019 (the "Original Filing"), solely to add XBRL exhibits and to correct certain clerical errors on page F-5 "Consolidated Statement of Cash Flow", page F-6 "Consolidated Statement of Changes in Equity", and Notes 6 and 12 to the Financial Statements. Except for the matters described above, this Amendment does not modify or update disclosures in, or exhibits to, the Original Filing. |
Entity Shell Company | false |
Consolidated Statement of Compr
Consolidated Statement of Comprehensive Income - USD ($) $ in Thousands | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Statement Line Items [Line Items] | |||
Revenue from contracts with customers | $ 39,036 | $ 33,647 | $ 32,250 |
Costs of sales | (32,726) | (28,524) | (4,977) |
Gross profit | 6,310 | 5,123 | 27,273 |
General and administrative expenses | (7,685) | (12,814) | (9,316) |
Net gains (losses) on disposals of property, plant and equipment | (2,615) | 1,356 | |
Depreciation of property, plant and equipment | (430) | (420) | (103) |
Amortization of intangible assets | (990) | (840) | (548) |
Operating (loss)/profit | (5,410) | (7,595) | 17,306 |
Restructuring costs | (2,017) | (1,873) | |
Impairment of assets | (10,191) | ||
Impairment of goodwill | (11,092) | ||
Transaction costs | (5,800) | ||
Finance income | 4 | 9 | 13 |
Finance expense | (3,243) | (3,395) | (600) |
(Loss)/profit before income tax | (10,666) | (34,137) | 10,919 |
Income tax | (557) | 6,258 | (5,338) |
(Loss)/profit for the year attributable to owners of the company | (11,223) | (27,879) | 5,581 |
Other comprehensive income | |||
Currency translation differences recognized directly in equity | (2,998) | 222 | 599 |
Total comprehensive income | $ (14,221) | $ (27,657) | $ 6,180 |
Earnings per share attributable to owners of the company (dollars) | |||
Basic (in dollars per share) | $ (0.83) | $ (2.06) | $ 0.73 |
Diluted (in dollars per share) | $ (0.83) | $ (2.06) | $ 0.73 |
Consolidated Statement of Finan
Consolidated Statement of Financial Position - USD ($) | Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 |
Non-current assets | |||
Property, plant and equipment | $ 1,205,000 | $ 1,915,000 | $ 2,163,000 |
Intangible assets | 32,366,000 | 36,402,000 | 46,320,000 |
Deferred tax assets | 2,054,000 | 2,570,000 | 2,312,000 |
Other receivables | 1,167,000 | ||
Investment | 14,147,000 | 18,060,000 | |
Total non-current assets | 35,625,000 | 55,034,000 | 70,022,000 |
Current assets | |||
Cash and cash equivalents | 4,522,000 | 1,939,000 | 10,970,000 |
Restricted cash | 1,319,000 | ||
Trade and other receivables | 10,399,000 | 7,903,000 | 19,844,000 |
Assets classified as held for sale | 13,530,000 | 11,436,000 | |
Total current assets | 29,770,000 | 21,278,000 | 30,814,000 |
TOTAL ASSETS | 65,395,000 | 76,312,000 | 100,836,000 |
Current liabilities | |||
Trade and other payables | 17,923,000 | 14,082,000 | 8,262,000 |
Income tax liability | 287,000 | 103,000 | 2,361,000 |
Provisions – current | 1,710,000 | 2,470,000 | 1,339,000 |
Loans and borrowings | 887,000 | 3,955,000 | 235,000 |
Total current liabilities | 20,807,000 | 20,610,000 | 12,197,000 |
Non-current liabilities | |||
Loans and borrowings | 18,380,000 | 18,385,000 | 20,020,000 |
Provisions | 2,222,000 | 288,000 | 237,000 |
Deferred tax liabilities | 1,000 | 26,000 | 3,776,000 |
Total non-current liabilities | 20,603,000 | 18,699,000 | 24,033,000 |
Total liabilities | 41,410,000 | 39,309,000 | 36,230,000 |
Equity | |||
Share capital | 163,000 | 163,000 | 163,000 |
Share premium | 40,215,000 | 40,215,000 | 40,215,000 |
Cumulative translation reserve | (2,177,000) | 821,000 | 599,000 |
Other reserves | 19,846,000 | 18,383,000 | 18,329,000 |
(Accumulated deficit)/retained earnings | (34,062,000) | (22,579,000) | 5,300,000 |
Total Equity | 23,985,000 | 37,003,000 | 64,606,000 |
TOTAL EQUITY AND LIABILITIES | $ 65,395,000 | $ 76,312,000 | $ 100,836,000 |
Consolidated Statement of Cash
Consolidated Statement of Cash Flow - USD ($) $ in Thousands | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Cash flows from operating activities | |||
Loss for the year | $ (11,223) | $ (27,879) | $ 5,581 |
Income tax | 913 | (6,258) | 5,338 |
Finance income | (4) | (9) | |
Finance expense | 3,243 | 3,395 | 600 |
Transaction costs | 5,800 | ||
Impairment of goodwill | 11,092 | ||
Impairment of assets | 10,191 | ||
Depreciation of property, plant and equipment | 430 | 420 | 103 |
Amortization of intangible assets | 990 | 840 | 548 |
Loss/(gain) on sale of assets | 2,615 | (1,356) | |
Disposal of treasury shares | 86 | ||
Increase in equity instruments | 815 | ||
(Increase)/decrease in trade and other receivables | (2,543) | 11,457 | (21,007) |
Increase in trade and other payables | 3,841 | 5,822 | 8,074 |
(Decrease)/increase in provisions | (728) | 1,182 | 1,339 |
Net cash (used in)/from operating activities | (1,565) | 8,897 | 6,376 |
Cash flows from investing activities | |||
Interest received | 4 | 9 | 13 |
Proceeds on sale of property plant and equipment | 464 | 2,297 | |
Purchase of property plant and equipment | (348) | (1,101) | (94) |
Investment in capital projects | (245) | (17,823) | (18,060) |
Proceeds on sale of capital projects | 11,981 | ||
Acquisitions | (10,080) | ||
Cash acquired received from acquisitions | 1,485 | ||
Net cash from/(used in) investing activities | 11,856 | (16,618) | (26,736) |
Cash flows from financing activities | |||
Finance lease borrowings | 519 | ||
Finance lease repayments | (304) | (181) | |
Financing agreements proceeds | 4,000 | 2,000 | 330 |
Financing agreements repayments | (6,000) | ||
Debtor finance borrowings | 751 | ||
Loans from related parties | 770 | 19,818 | |
Repayment of loans from related parties | (1,520) | ||
Repayment of bank loan | (1,023) | ||
Finance expense | (3,243) | (3,395) | |
Transfer to restricted cash | (1,319) | ||
Funds received from issuing shares | 167 | ||
Costs from listing | (11,469) | ||
Funds received from listing | 22,456 | ||
Net cash from/(used in) financing activities | (7,635) | (1,310) | 31,302 |
Net (decrease)/increase in cash and cash equivalents | 2,656 | (9,031) | 10,942 |
Cash and cash equivalents at the beginning of the year | 1,939 | 10,970 | 28 |
Effect of exchange rate movements on cash held | (73) | ||
Cash and cash equivalents at the end of the year | $ 4,522 | $ 1,939 | $ 10,970 |
Consolidated Statement of Chang
Consolidated Statement of Changes In Equity - USD ($) $ in Thousands | Issued capital [member] | Share premium [member] | Share Subscription Receivable [Member] | Reserve of exchange differences on translation [member] | Other reserves [member] | Retained earnings [member] | Total |
Balance at Mar. 31, 2016 | $ 72 | $ (72) | $ (281) | $ (281) | |||
Statement Line Items [Line Items] | |||||||
Total comprehensive income for the year | 599 | 5,581 | 6,180 | ||||
Redenomination of share capital | (4) | (4) | |||||
Issue of new shares | 95 | 40,215 | 72 | 40,382 | |||
Equity instruments | 25,072 | 25,072 | |||||
Capital raising costs | (9,722) | (9,722) | |||||
Share option reserve | 3,713 | 3,713 | |||||
Purchase of treasury shares | (592) | (592) | |||||
Other reserves | (142) | (142) | |||||
91 | 40,215 | 72 | 599 | 18,329 | 5,581 | 64,887 | |
Balance at Mar. 31, 2017 | 163 | 40,215 | 599 | 18,329 | 5,300 | 64,606 | |
Statement Line Items [Line Items] | |||||||
Total comprehensive income for the year | 222 | (27,879) | (27,657) | ||||
Other reserves | 54 | 54 | |||||
222 | 54 | (27,879) | (27,603) | ||||
Balance at Mar. 31, 2018 | 163 | 40,215 | 821 | 18,383 | (22,579) | 37,003 | |
Statement Line Items [Line Items] | |||||||
Total comprehensive income for the year | (2,998) | (11,223) | (14,221) | ||||
Equity instruments | 1,018 | 11,018 | |||||
Other reserves | 99 | 199 | |||||
(2,998) | 1,463 | (11,483) | (13,018) | ||||
Disposal of treasury shares | 346 | (260) | 186 | ||||
Balance at Mar. 31, 2019 | $ 163 | $ 40,215 | $ (2,177) | $ 19,846 | $ (34,062) | $ 23,985 |
Note 1 - Reporting Entity
Note 1 - Reporting Entity | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Disclosure of notes and other explanatory information [text block] | 1. VivoPower International PLC (“VivoPower” or the “Company”) is a public company limited by shares and incorporated under the laws of England and Wales and domiciled in the United Kingdom. The address of the Company’s registered office is 7th 9 W1J 8DW. March 31, 2019, |
Note 2 - Significant Accounting
Note 2 - Significant Accounting Policies | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Disclosure of significant accounting policies [text block] | 2. ccounting policies The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented, unless otherwise stated. 2.1 VivoPower International PLC consolidated financial statements were prepared in accordance with International Financial Reporting Standards (IFRS), as issued by the International Accounting Standards Board, IFRIC interpretations and the Companies Act 2006 The preparation of financial statements with adopted IFRS requires the use of critical accounting estimates. It also requires the management to exercise judgement in the process of applying the Company’s accounting policies. The areas involving a higher degree of judgement or complexity, or areas where the assumptions and estimates are significant to the consolidated financial statements are disclosed in note 3. The financial statements have been prepared on a going concern basis, as the directors believe the Company will be able to meet its liabilities as they fall due. As at March 31, 2019, $4.5 $1.9 March 31, 2018. During the year ended March 31, 2019. $5.8 54%, $10.6 $4.8 $2.0 $2.6 March 31, 2019 $0.8 $1.0 $13.5 12 July 2020. To ensure success of the business, the directors have prepared and reviewed additional plans to mitigate any cash flow risk that may twelve Based on the foregoing, the directors believe that the Company is well placed to manage its business risk successfully, despite some current economic and political uncertainty. The directors therefore have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus, they have continued to adopt the going concern basis in preparing these financial statements. All financial information presented in US dollars has been rounded to the nearest thousand. 2.2 The consolidated financial statements include those of VivoPower International PLC and all of its subsidiary undertakings. Subsidiary undertakings are those entities controlled directly or indirectly by the Company. The Company controls an investee when it is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. The results of the subsidiaries acquired are included in the consolidated Statement of Comprehensive Income from the date of acquisition using the same accounting policies of those of the Group. All business combinations are accounted for using the purchase method. The consideration transferred in a business combination is the fair value at the acquisition date of the assets transferred and the liabilities incurred by the Group and includes the fair value of any contingent consideration arrangement. Acquisition-related costs are recognized in the income statement as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair value at the acquisition date. Where necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies in line with those used by other members of the Group. All intra-group balances and transactions, including any unrealized income and expense arising from intra-group transactions, are eliminated in full in preparing the consolidated financial statements. Unrealized gains arising from transactions with equity invested investees are eliminated against the investment to the extent of the Group’s interest in the investee. Unrealized losses are eliminated in the same way as unrealized gains, but only to the extent that there is no Joint arrangements The Company applies IFRS 11 11, 2.3 All intangible assets, except goodwill, are stated at fair value less accumulated amortization and any accumulated impairment losses. Goodwill is not Goodwill Goodwill arose on the effective acquisition of VivoPower Pty Limited and Aevitas Group Limited (“Aevitas”). Goodwill is reviewed annually to test for impairment. Other intangible assets Intangible assets acquired through a business combination are initially measured at fair value and then amortized over their useful economic lives. Amortization is calculated on a straight-line basis to write down the assets over their useful economic lives at the following rates: Customer relationships – 10 Trade names – 15 25 Favorable supply contracts – 15 Databases – 5 2.4 Property, plant and equipment are stated at cost less accumulated depreciation and any accumulated impairment losses. The cost of an item of property, plant and equipment comprises its purchase price and the costs directly attributable to bringing the asset into use. When parts of an item of property, plant and equipment have different useful lives, they are accounted as separate items (major components) of property, plant and equipment. Depreciation is calculated on a straight-line basis so as to write down the assets to their estimated residual value over their useful economic lives at the following rates: Computer equipment - 3 Fixtures and fittings - 3 Motor vehicles - 5 Plant and equipment – 3.5 10 Leasehold improvements – 20 40 2.5 Assets are classified as held for sale if their carrying amount will be recovered principally through a sale transaction rather than through continuing use and a sale is considered highly probable. They are measured at the lower of their carrying value and fair value less costs to sell. An impairment loss is recognized for any subsequent write-down of the asset to fair value less costs to sell. 2.6 Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee. All other leases are classified as operating leases. Assets held under finance leases are initially recognized as property, plant and equipment at an amount equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments at the inception of the lease, and then depreciated over their useful economic lives. Lease payments are apportioned between the repayment of capital and interest. The capital element of future lease payments is included in the Statement of Financial Position as a liability. Interest is charged to the Statement of Comprehensive Income so as to achieve a constant rate of interest on the remaining balance of the liability. Rentals payable under operating leases are charged to the Statement of Comprehensive Income on a straight-line basis over the lease term. Operating leases incentives are recognized as a reduction in the rental expense over the lease term. 2.7 Goodwill is allocated to cash-generating units for the purposes of impairment testing. The recoverable amount of the cash-generating unit (‘CGU’) to which the goodwill relates is tested annually for impairment or when events or changes to circumstances indicate that it might be impaired. The carrying values of property, plant and equipment, investments and intangible assets other than goodwill are reviewed for impairment only when events indicate the carrying value may In an impairment test the recoverable amount of the cash-generating unit or asset is estimated in order to determine the existence or extent of any impairment loss. The recoverable amount is the higher of fair value less costs to sell and the value in use to the Group. An impairment loss is recognized to the extent that the carrying value exceeds the recoverable amount. In determining a cash-generating unit’s or asset’s value in use, estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time-value of money and risks specific to the cash-generating unit or asset that have not An impairment loss in respect of goodwill is not no not no 2.8 Financial assets and liabilities are recognized in the Group’s Statement of Financial Position when the Group becomes a party to the contracted provision of the instrument. The following policies for financial instruments have been applied in the preparation of the consolidated financial statements. From April 1, 2018, • those to be measured subsequently at fair value through profit or loss; and, • those to be measured at amortized cost. The classification depends on the business model for managing the financial assets and the contractual terms of the cash flows. Financial assets are classified as at amortized cost only if both of the following criteria are met: • the asset is held within a business model whose objective is to collect contractual cash flows; and, • the contractual terms give rise to cash flows that are solely payments of principal and interest. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset or transfer the liability takes place either: • in the principal market for the asset or liability; or, • in the absence of a principal market, in the most advantageous market for the asset or liability. The principal or the most advantageous market must be accessible by the Group. The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset or liability, assuming that market participants act in their economic best interest. All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorized within the fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole: • Level 1 • Level 2 • Level 3 Cash and cash equivalents For the purpose of preparation of the Statement of Cash Flow, cash and cash equivalents includes cash at bank and in hand. Bank borrowings Interest-bearing bank loans are recorded at the proceeds received. Direct issue costs paid on the establishment of loan facilities are recognized over the term of the loan on a straight-line basis. The initial payment is taken to the Statement of Financial Position and then amortized over the full-length of the facility. Trade and other receivables Trade and other receivables are recognized initially at fair value and subsequently measured at amortized cost using the effective interest method, less any allowance for the expected future issue of credit notes and for non-recoverability due to credit risk. The Group applies the IFRS 9 Trade and other payables Trade and other payables are non-interest bearing and are stated at amortized cost using the effective interest method. Share Capital Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of ordinary shares are recognized as a deduction from equity, net of any tax effects. Repurchase of share capital (treasury shares) When share capital recognized as equity is repurchased as equity by the Company the amount of the consideration paid, which includes directly attributable costs, net of any tax effects, is recognized as a deduction from equity, and excluded from the number of shares in issue when calculating earnings per share. 2.9 Income tax expense comprises current and deferred tax. Current tax is recognized based on the amounts expected to be paid or recovered under the tax rates and laws that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is provided on temporary timing differences that arise between the carrying amounts of assets and liabilities for financial reporting purposes and their corresponding tax values. Liabilities are recorded on all temporary differences except in respect of initial recognition of goodwill and in respect of investments in subsidiaries where the timing of the reversal of the temporary difference is controlled by the Group and it is probable that it will not Deferred tax assets and liabilities are offset if there is a legally enforceable right to offset current tax assets and liabilities, they relate to income taxes levied by the same tax authority and the Group intends to settle current tax liabilities and assets on a net basis or their tax assets and liabilities will be realized simultaneously. Current and deferred tax are recognized in the Statement of Comprehensive Income, except when the tax relates to items charged or credited directly to equity, in which case it is dealt with directly in equity. 2.10 Provisions are recognized when the Group has a present obligation because of a past event, it is probable that the Group will be required to settle that obligation, and it can be measured reliably. Provisions are measured at the directors’ best estimate of the expenditure required to settle the obligation at the date of Statement of Financial Position. Where the time value of money is material, provisions are measured at the present value of expenditures expected to be paid in settlement. 2.11 The Group presents basic and diluted earnings per share (“EPS”) data for ordinary shares. Basic EPS is calculated by dividing the profit or loss attributable to ordinary shareholders of the Company by the weighted average number of ordinary shares, excluding the shares held as treasury shares. Currently there are no 2.12 The Company’s functional and presentational currency is the US dollar. Items included in the separate financial statements of each Group entity are measured in the functional currency of that entity. Transactions denominated in foreign currencies are translated into the functional currency of the entity at the rates of exchange prevailing at the dates of the individual transactions. Foreign currency monetary assets and liabilities are translated at the rates of exchange prevailing at the end of the reporting period. Exchange gains and losses arising are charged to the Statement of Comprehensive Income within finance income or expenses. The Statement of Comprehensive and Statement of Financial Position of foreign entities are translated into US dollars on consolidation at the average rates for the period and the rates prevailing at the end of the reporting period respectively. Exchange gains and losses arising on the translation of the Group’s net investment foreign entities are recognized as a separate component of shareholders’ equity. Foreign currency denominated share capital and related share premium and reserve accounts are recorded at the historical exchange rate at the time the shares were issued or the equity created. 2.13 from contracts with customers Revenue comprises the fair value of the consideration received or receivable for the sale of services in the ordinary course of the Group’s activities. Revenue is shown net of discounts, value-added tax, other sales related taxes, and after the elimination of sales within the Group. Revenue comprises development revenues, electrical installations, electrical servicing and maintenance and generator sales. Revenue is recognized upon satisfaction of contractual performance obligations. The Company adopted IFRS 15 The Group has a number of different revenue streams and the key components in determining the correct recognition are as follows: Development revenue, which is revenue generated from development services relating to the building and construction of solar projects, is recognized on a percentage completion basis as the value is accrued by the end user over the life of the contract. The periodic recognition is calculated through weekly project progress reports. On longer-term power services projects such as large-scale equipment provision and installation, the performance obligation of completing the installation is satisfied over time, and revenue is recognized on a percentage completion basis using an input method. Revenue for stand-alone equipment sales is recognized at the point of passing control of the asset to the customer. Other revenue for small jobs and those completed in a limited timeframe are recognized when the job is complete. Warranties are of short duration and only cover defective workmanship and defective materials. No No one If the revenue recognized for goods and services rendered by the Company exceeds amounts that the Company is entitled to bill the customer, a contract asset is recognized. If amounts billed exceed the revenue recognized for goods and services rendered, a contract liability is recognized. Incremental costs of obtaining a contract are expensed as incurred. 2.14 Pension The employer pension contributions are associated with defined contribution schemes. The costs are therefore recognized in the month in which the contribution is incurred, which is consistent with recognition of payroll expenses. Short-term benefits Short-term employee benefit obligations are measured on an undiscounted basis and are expensed as the related service is provided. A liability is recognized for the amount expected to be paid under short-term cash bonus or profit-sharing plans if the Group has a present legal or constructive obligation to pay this amount because of past service provided by the employee and the obligation can be reliably measured. Short-term compensated absences A liability for short-term compensated absences, such as holiday, is recognized for the amount the Group may 2.15 Restructuring costs are by nature one not 1 37 2.16 During the current year, the Group adopted all of the new and revised Standards and Interpretations that are relevant to its operations and effective for accounting periods beginning on 1 April 2018. not 9 The IASB and IFRIC have issued the following standards and with an effective date after the date of the financial statements and have not • IFRS 16: 1 January 2019; • IFRIC 23: 1 January 2019. • Annual Improvements 2015 2018 1 January 2019. The Group is assessing the impact on the financial statements of these adoptions. There are no not |
Note 3 - Significant Accounting
Note 3 - Significant Accounting Judgements and Estimates | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Disclosure of accounting judgements and estimates [text block] | 3. In preparing the consolidated financial statements, the directors are required to make judgements in applying the Group’s accounting policies and in making estimates and making assumptions about the future. These estimates could have a significant risk of causing a material adjustment to the carrying value of assets and liabilities in the future financial periods. The critical judgements that have been made in arriving at the amounts recognized in the consolidated financial statements are discussed below. 3.1 As disclosed in note 2.13 3.2 The carrying values of property, plant and equipment, investments and intangible assets other than goodwill are reviewed for impairment only when events indicate the carrying value may During the year ended March 31, 2018, two 12. 3.3 In preparing the consolidated financial statements of the Group, judgement was applied with respect to those items which are presented in the consolidated statement of comprehensive income as included within operating profit/(loss). Those revenues and expenses which are determined to be specifically related to the on-going operating activities of the business are included within operating profit/(loss). Expenses or charges to earnings which are not one not 3.4 The transaction related costs were incurred by the business in preparation for the entry onto Nasdaq. The costs incurred were recharged costs from Arowana International Limited including legal, accounting and professional fees in relation to our operations in the United States. The costs by nature are one no 3.5 In recognizing income tax assets and liabilities, management makes estimates of the likely outcome of decisions by tax authorities on transactions and events whose treatment for tax purposes is uncertain. Where the outcome of such matters is different, or expected to be different, from previous assessments made by management, a change to the carrying value of the income tax assets and liabilities will be recorded in the period in which such determination is made. The carrying values of income tax assets and liabilities are disclosed separately in the consolidated Statement of Financial Position. 3.6 Deferred tax assets for unused tax losses amounting to $1.005 March 31, 2019 ( 2018: $1.585 3.7 As part of the Initial Public Offering Listing, VivoPower issued an amended and restated unit purchase option (UPO) replacing the options issued by Arowana Inc. The options are viewed as a share-based award granted to Early Bird Capital. The cost of the award is recognized directly in equity and is applied against capital raising costs. As the option holder has the right to receive shares in VivoPower international PLC the share-based payment transaction would be equity settled. The fair value of the options was determined at the grant date, using the Black Scholes Model, and not no 3.8 As part of the IPO listing process VivoPower acquired Aevitas. The instruments previously issued by Aevitas were restructured to become convertible into VivoPower shares. The Company considered IAS 32 16 |
Note 4 - Revenue and Segmental
Note 4 - Revenue and Segmental Information | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Disclosure of entity's operating segments [text block] | 4 The Group determines and presents operating segments based on the information that is provided internally to the Board of Directors, which is the Group’s chief operating decision maker. The Group considers that it has three An operating segment is a component of the Group that engages in business activities from which it may Segment results that are reported to the Board of Directors include items directly attributable to a segment as well as those that can be allocated to a segment on a reasonable basis. 4.1 Revenue by geographic location is as follows: (US dollars in thousands) 2019 2018 2017 Australia 37,889 31,985 5,705 United States 1,147 1,662 24,945 United Kingdom - - 1,600 Total revenue 39,036 33,647 32,250 Revenue by product and service is as follows: (US dollars in thousands) 2019 2018 2017 Electrical equipment and related services 37,799 31,631 5,615 Development fees 90 828 24,555 Other revenue 1,147 1,188 2,080 Total revenue 39,036 33,647 32,250 The Group had one 10% 2018: none; 2017: one $8.5 4.2 a) Results of operations for the year ended March 31 2019 (US dollars in thousands) Critical Power Services Solar Development Corporate Office Total Revenue 37,800 1,236 - 39,036 Costs of sales (32,317 ) (409 ) - (32,726 ) Gross profit 5,483 827 - 6,310 General and administrative expenses (2,823 ) (2,148 ) (2,714 ) (7,685 ) Loss on sale of assets (30 ) (2,585 ) - (2,615 ) Depreciation and amortization (1,272 ) (140 ) (8 ) (1,420 ) Operating profit/ (loss) 1,358 (4,046 ) (2,722 ) (5,410 ) Restructuring costs (8 ) 7 (2,016 ) (2,017 ) Impairment of assets - - - - Impairment of goodwill - - - - Transaction costs - - - - Finance expense - net (1,354 ) (221 ) (1,664 ) (3,239 ) Profit/ ( l oss) before income tax (4 ) (4,260 ) (6,402 ) (10,666 ) Income tax (572 ) 15 - (557 ) Loss for the year (576 ) (4,245 ) (6,402 ) (11,223 ) 2018 (US dollars in thousands) Critical Power Services Solar Development Corporate Office Total Revenue 31,807 1,840 - 33,647 Costs of sales (27,482 ) (1,042 ) - (28,524 ) Gross profit 4,325 798 - 5,123 General and administrative expenses (2,173 ) (6,468 ) (4,173 ) (12,814 ) Gain on sale of assets 213 1,143 - 1,356 Depreciation and amortization (1,233 ) (19 ) (8 ) (1,260 ) Operating profit/ (loss) 1,132 (4,546 ) (4,181 ) (7,595 ) Restructuring costs (335 ) (964 ) (574 ) (1,873 ) Impairment of assets - (10,191 ) - (10,191 ) Impairment of goodwill - (11,092 ) - (11,092 ) Transaction costs - - - - Finance expense - net (1,283 ) (400 ) (1,703 ) (3,386 ) Loss before income tax (486 ) (27,193 ) (6,458 ) (34,137 ) Income tax (85 ) 6,291 52 6,258 Loss for the year (571 ) (20,902 ) (6,406 ) (27,879 ) 2017 (US dollars in thousands) Critical Power Services Solar Development Corporate Office Total Revenue 5,614 26,636 - 32,250 Costs of sales (4,948 ) (29 ) - (4,977 ) Gross profit 666 26,607 - 27,273 General and administrative expenses (598 ) (4,544 ) (4,174 ) (9,316 ) Gain on sale of assets - - - - Depreciation and amortization (646 ) (4 ) (1 ) (651 ) Operating (loss)/ p rofit (578 ) 22,059 (4,454 ) 17,306 Restructuring costs - - - - Impairment of assets - - - - Impairment of goodwill - - - - Transaction costs - - (5,800 ) (5,800 ) Finance expense - net (363 ) (174 ) (50 ) (587 ) (Loss)/p rofit before income tax (941 ) 21,885 (10,025 ) 10,919 Income tax expense 294 (6,078 ) 446 (5,338 ) (Loss)/p rofit for the year (647 ) 15,807 (9,579 ) 5,581 b) Net assets as at March 31 2019 (US dollars in thousands) Critical Power Services S olar Development Corporate Office Total Assets 29,538 35,472 385 65,395 Liabilities (6,085 ) (13,603 ) (21,722 ) (41,410 ) Net assets 23,453 21,869 (21,337 ) 23,985 2018 (US dollars in thousands) Critical Power Services Solar Development Corporate Office Total Assets 34,421 41,270 621 76,312 Liabilities (6,473 ) (11,101 ) (21,735 ) (39,309 ) Net assets 27,948 30,169 (21,114 ) 37,003 2017 (US dollars in thousands) Critical Power Services Solar Development Corporate Office Total Assets 24,268 42,235 34,333 100,836 Liabilities (4,620 ) (27,858 ) (3,752 ) (36,230 ) Net assets 19,648 14,377 30,581 64,606 |
Note 5 - Loss on Sale of Assets
Note 5 - Loss on Sale of Assets | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Disclosure of gain (loss) on sale of assets [text block] | 5. Loss on sale of assets The loss on sale of assets for the year-ended March 31, 2019, $2.6 $1.9 $0.8 $0.3 $0.4 On May 25, 2018, 14.5% 10.0% 31 47 $11.4 $0.4 |
Note 6 - Operating (Loss) Profi
Note 6 - Operating (Loss) Profit | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Disclosure of operating (loss) profit [text block] | 6. Operating (loss)/ p rofit Operating (loss)/profit is stated after charging/(crediting): (US dollars in thousands) 2019 2018 2017 Amortization of intangible assets 990 840 548 Depreciation of property, plant and equipment 430 420 103 Operating lease costs – land and buildings 548 304 174 Operating lease costs – motor vehicles 65 - - Operating lease costs – other equipment 33 - - Gain/(loss) on foreign exchange - 59 - Auditors’ remuneration – audit fees 253 414 246 Auditors’ remuneration – audit related services 26 - 57 Auditors’ remuneration – tax services 28 13 - Directors emoluments 611 1,131 1,705 (Loss)/gain on disposal of assets (2,615 ) 1,356 - |
Note 7 - Restructuring Costs
Note 7 - Restructuring Costs | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Disclosure of restructuring costs [text block] | 7. Restructuring costs (US dollars in thousands) 2019 2018 2017 Corporate restructuring – workforce reduction 102 734 - Corporate restructuring – professional fees 1,776 566 - Corporate restructuring – terminated projects 139 573 - Total 2,017 1,873 - Restructuring costs by nature are one not During the year, the Board undertook a strategic restructuring of our business to align operations, personnel, and business development activities to focus on a fewer number of areas of activity. Associated with this restructuring was the departure of a number of employees and contractors from the business. The workforce reduction cost represents the total salary, benefit, severance, and contract costs paid in the year or accruing to these individuals in the future for which no not |
Note 8 - Staff Numbers and Cost
Note 8 - Staff Numbers and Costs | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Disclosure of employee benefits [text block] | 8. The average number of employees (including directors) during the year was: 2019 2018 2017 Sales and Business Development 9 9 5 Central Services & Management 32 37 12 Production 138 148 26 Total 179 194 43 Their aggregate remuneration costs comprised: (US dollars in thousands) 2019 2018 2017 Salaries, wages and incentives 14,327 14,299 5,605 Social security costs 1,044 834 398 Pension contributions 788 848 196 Short-term compensated absences 1,254 996 403 Total 17,412 16,977 6,602 Directors’ emoluments were $611,450 2018: $1,130,570; 2017: $1,704,809 $254,084 2018: $407,682; 2017: $1,297,504 Key Management Personnel: (US dollars in thousands) 2019 2018 2017 Salaries, wages and incentives 2,354 2,281 3,014 Social security costs 176 217 194 Pension contributions 45 64 39 Equity incentives 130 Short-term compensated absences - 13 101 Total 2,705 2,575 3,348 Key management personnel are those below the Board level that have a significant impact on the operations of the business. The number of key management personnel, including directors for the year ended March 31, 2019, 10 2018: 11; 2017: 11 |
Note 9 - Finance Income and Exp
Note 9 - Finance Income and Expense | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Disclosure of finance income (cost) [text block] | 9. Finance income and expense (US dollars in thousands) 2019 2018 2017 Finance income Interest received 4 9 13 Finance expense Related party loan interest payable 1,588 1,636 171 Convertible loan notes and preference shares interest payable 1,284 1,220 358 Financing agreement finance cost payable 206 217 - Debtor invoice finance cost payable 164 - - Finance lease interest payable 1 55 - Bank interest payable - 17 5 Foreign exchange losses - 93 2 Other finance costs - 157 58 Total 3,243 3,395 600 |
Note 10 - Income Tax Expenses
Note 10 - Income Tax Expenses | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Disclosure of income tax [text block] | 1 0 . Income tax expenses (a) Tax charge (US dollars in thousands) 2019 2018 2017 Current tax UK corporation tax 29 (29 ) - Foreign tax (217 ) 2,279 (2,361 ) Total current tax (188 ) 2,250 (2,361 ) Deferred tax Current year UK corporation tax 267 (370 ) 451 Foreign tax (636 ) 4,378 (3,428 ) Total deferred tax (369 ) 4,008 (2,977 ) Total income tax (557 ) 6,258 (5,338 ) The difference between the total tax charge and the amount calculated by applying the weighted average corporation tax rates applicable to each of the tax jurisdictions in which the Group operates to the profit before tax is shown below. (US dollars in thousands) 201 9 2018 2017 (Loss)/profit before income tax (10,666 ) (34,137 ) 10,919 Group weighted average corporation tax rate 21.8 % 22.8 % 20.0 % Tax at standard rate 2,325 7,772 (2,184 ) Effects of: Expenses that are not deductible for tax purposes 41 (3,872 ) (20 ) Adjustment to prior year tax provisions (64 ) 2,358 - Deferred tax assets not recognized on tax losses (2,859 ) - - Tax rates of subsidiaries operating in other jurisdictions - - (3,108 ) Change in tax rates - - (26 ) Total income tax for the year recognized in the Consolidated Statement of Comprehensive Income (557 ) 6,258 (5,338 ) (b) Deferred tax Deferred tax assets 2019 2018 2017 Deferred tax assets 2,054 2,570 2,312 Deferred tax liabilities (1 ) (26 ) (3,776 ) Net deferred tax asset/(liability) 2,053 2,544 (1,464 ) These assets and liabilities are analyzed as follows: Deferred tax assets Tax losses Other timing differences Total April 1, 2016 - - - Credit/(charged) to comprehensive income 739 - 739 Acquisition 1,573 - 1,573 March 31, 2017 2,312 - 2,312 Credit/(charged) to comprehensive income (727 ) 985 258 March 31, 2018 1,585 985 2,570 Credit/(charged) to comprehensive income (580 ) 64 (516 ) March 31, 201 9 1,005 1,049 2,054 Deferred tax liabilities Accelerated allowances Other timing differences Total April 1, 2016 - - - Credit/(charged) to comprehensive income (13 ) (3,763 ) (3,776 ) March 31, 2017 (13 ) (3,763 ) (3,776 ) Credit/(charged) to comprehensive income 5 3,745 3,750 March 31, 2018 (8 ) (18 ) (26 ) Credit/(charged) to comprehensive income 7 18 25 March 31, 201 9 (1 ) - (1 ) Deferred tax has been recognized in the current period using the tax rates applicable to each of the tax jurisdictions in which the Group operates. Deferred tax assets and liabilities are offset when there is a legally enforceable right to set off current tax assets against current tax liabilities. |
Note 11 - Property, Plant and E
Note 11 - Property, Plant and Equipment | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Disclosure of property, plant and equipment [text block] | 1 1 . Property, plant and equipment (US dollars in Computer Equipment Motor Vehicles Plant & Equipment Leasehold improvement Fixtures and Fittings Total Cost At April 1, 2016 3 - - - - 3 Additions 34 44 16 - - 94 Acquisition 488 1,588 1,876 156 11 4,119 At March 31 , 2017 525 1,632 1,892 156 11 4,216 Foreign exchange 3 10 12 1 - 26 Additions 121 437 537 4 2 1,101 Disposals (7 ) (82 ) (921 ) - - (1,010 ) At March 31, 201 8 642 1,997 1,520 161 13 4,333 Foreign exchange (46 ) (148 ) (112 ) (12 ) (1 ) (319 ) Additions 73 55 205 11 4 348 Disposals (126 ) (275 ) (584 ) - - (985 ) At March 31, 201 9 543 1,629 1,029 160 16 3,377 Depreciation At April 1, 2016 - - - - - - Additions 24 45 31 3 - 103 Acquisition 303 982 619 38 8 1.950 At March 31, 2017 327 1,027 650 41 8 2,053 Foreign exchange 2 6 4 - - 12 Additions 97 203 107 12 1 420 Disposals (4 ) (63 ) - - - (67 ) At March 31, 201 8 422 1,173 761 53 9 2,418 Foreign exchange (34 ) (93 ) (59 ) (4 ) (1 ) (191 ) Additions 89 222 106 11 1 430 Disposals (97 ) (223 ) (165 ) - - (486 ) At March 31, 2019 380 1,079 644 59 9 2,172 Net book value At March 31, 2017 198 605 1,242 115 3 2,163 At March 31, 2018 220 824 759 108 4 1,915 At March 31, 201 9 163 550 383 101 7 1,205 The Group has $0.6 2018: $0.6 2017: $0.3 19. |
Note 12 - Intangible Assets
Note 12 - Intangible Assets | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Disclosure of intangible assets and goodwill [text block] | 1 2 . Intangible a ssets (US dollars in thousands) 201 9 2018 2017 Goodwill 22,622 24,482 30,393 Other intangible assets 9,744 11,920 15,927 Carrying value at March 31 32,366 36,402 46,320 (a) Goodwill Goodwill arose on the purchase of Aevitas O Holdings Limited and VivoPower Pty Limited on December 29, 2016. (US dollars in thousands) 201 9 2018 2017 As at April 1 24,482 30,393 - Revaluations - 3,597 - Goodwill previously not recognized - 627 - Impairment - (11,092 ) - Reclassifications - 138 - Additions - - 30,024 Foreign exchange (1,860 ) 819 369 Carrying value at March 31 22,622 24,482 30,393 The carrying amounts of goodwill by Cash Generating Unit (“CGU”) are as follows: (US dollars in thousands) 201 9 2018 2017 Aevitas O Holdings Limited (allocated to the Critical Power Services segment) 12,884 13,949 9,800 VivoPower Pty Limited (allocated to the Solar Development segment) 9,738 10,533 20,593 Total 22,622 24,482 30,393 The Group conducts impairment tests on the carrying value of goodwill annually, or more frequently if there are any indications that goodwill might be impaired. The recoverable amount of the Cash Generating Unit (“CGU”) to which goodwill has been allocated are determined from value in use calculations. The key assumptions in the calculations are the discount rates applied, expected operating margin levels and long-term growth rates. Management estimates discount rates that reflect the current market assessments while margins and growth rates are based upon approved budgets and related projections. The Group prepares cash flow forecasts using the approved budgets for the coming financial year and management projections for the following two The CGU represented by Aevitas O Holdings Limited and VivoPower PTY Limited were assessed to have a value in excess of its respective carrying value and hence no ● Aevitas O Holdings Limited: discount rate was based on the weighted average cost of capital of 8.8% 2018: 9.2%; 2017: 8.3% ● VivoPower PTY Limited: discount rate was based on the weighted average cost of capital of 11.0% 2018: 12.1%; 2017: 10.6% 3% first No no (b) Other Intangible assets (US dollars in thousands) Customer Relationships Trade Names Favorable Supply Contracts Databases Other Total Cost At April 1, 2016 - - - - - - Additions 9,953 2,488 2,488 734 812 16,475 At March 31 , 2017 9,953 2,488 2,488 734 812 16,475 Foreign exchange 139 63 126 4 - 332 Revaluation (4,293 ) 129 1,963 (584 ) (812 ) (3,597 ) Additions - - - - 98 98 At March 31, 2018 5,799 2,680 4,577 154 98 13,308 Foreign exchange (439 ) (204 ) (348 ) (12 ) (11 ) (1,013 ) Disposals (263 ) - - - (72 ) (335 ) At March 31, 201 9 5,097 2,476 4,229 142 16 11,960 Amortization At April 1, 2016 - - - - - - Amortization 347 43 122 36 - 548 At March 31, 2017 347 43 122 36 - 548 Amortization 330 194 284 32 - 840 At March 31, 201 8 677 237 406 68 - 1,388 Foreign exchange (75 ) (22 ) (38 ) (6 ) - (141 ) Amortization 483 169 289 49 - 990 Disposals (21 ) - - - (21 ) At March 31, 201 9 1,064 384 657 111 - 2,216 Net book value At March 31, 2017 9,606 2,445 2,366 698 812 15,927 At March 31, 2018 5,122 2,443 4,171 86 98 11,920 At March 31, 201 9 4.033 2.092 3,572 31 16 9,744 Customer relationships, trade names and favorable supply contracts have an average remaining period of amortization of 10 13 13 |
Note 13 - Investment in Subsidi
Note 13 - Investment in Subsidiaries | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Disclosure of interests in subsidiaries [text block] | 1 3 . Investment in subsidiaries The principal operating undertakings in which the Group’s interest at the year-end is 20% Subsidiary undertakings Percentage of shares held Registered address VivoPower International Services Limited 100% 28 Esplanade, St Helier, Jersey, JE2 3QA VivoPower USA, LLC 100% 251 Little Falls Drive, Wilmington, DE, USA 19808 VivoRex, LLC 100% VivoPower US-NC-31, LLC 100% VivoPower US-NC-47, LLC 100% VivoPower (USA) Development, LLC 100% Innovative Solar Ventures I, LLC 50% VivoPower Pty Limited 100% 153 Walker St, North Sydney NSW, Australia 2060 VivoPower WA Pty Limited 100% VVP Project 1 Pty Limited 100% Amaroo Solar Pty Limited 100% SC Tco Pty Limited 100% SC Hco Pty Limited 100% SC Fco Pty Limited 100% SC Oco Pty Limited 100% VVPR-ITP TopCo Pty Limited 50% VVPR-ITP ProjectCo 1 Pty Limited 20% Aevitas O Holdings Pty Limited 100% Aevitas Group Limited 99.9% Aevitas Holdings Pty Limited 100% Electrical Engineering Group Pty Limited 100% JA Martin Electrical Limited 100% Kenshaw Electrical Pty Limited 100% VivoPower Singapore Pte Limited 100% 36, UOB Plaza 1, 80 Raffles Pl, Singapore 048624 VivoPower Philippines Inc. 64% Unit 10A, Net Lima Building, 5th Avenue cor. 26th Street, E-Square Zone, Crescent Park West, Bonifacio Global City, Taguig, Metro Manila VivoPower RE Solutions Inc. 64% V.V.P. Holdings Inc. * 40% * V.V.P. Holdings Inc. is controlled of VivoPower Singapore Pte Limited notwithstanding only owning 40% |
Note 14 - Investments
Note 14 - Investments | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Disclosure of investments other than investments accounted for using equity method [text block] | 1 4 . Investments (US dollars in thousands) % Owned 201 9 2018 2017 Innovative Solar Ventures I, LLC 50% - 14,147 - US-NC-31 Sponsor Partner, LLC 14.45% - - 10,529 US-NC-47 Sponsor Partner, LLC 10% - - 7,531 Total - 14,147 18,060 In April 2017, 50% 38 9 1.8 31 March 2018. Under the terms of the ISS Joint Venture, the Company has committed to invest $14.2 50% $0.8 not $14.2 March 31, 2019, $13.1 $14.2 March 31, 2019, $1.1 During the year, the Company made the decision to sell its portfolio of solar projects held within the ISS Joint Venture. Accordingly, the investment has been reclassified to current assets as asset held for sale, as more fully disclosed in note 18. |
Note 15 - Cash and Cash Equival
Note 15 - Cash and Cash Equivalents | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Disclosure of cash and cash equivalents [text block] | 1 5 . Cash and cash equivalents (US dollars in thousands) 201 9 2018 2017 Cash at bank and in hand 4,522 1,939 10,970 The credit ratings of the counterparties with which cash was held are detailed in the table below. (US dollars in thousands) 201 9 2018 2017 A+ 17 891 8,161 A 4 69 468 AA- 4,491 979 2,341 Total 4,522 1,939 10,970 |
Note 16 - Restricted Cash
Note 16 - Restricted Cash | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Disclosure of restricted cash [text block] | 16. Restricted cash (US dollars in thousands) 2019 2018 2017 Bank guarantee security deposit 816 - - Preferred supplier agreement escrow 503 - - Total 1,319 - - At March 31, 2019, $1.3 $0.8 2017, third $0.5 not no May 23, 2019. |
Note 17 - Trade and Other Recei
Note 17 - Trade and Other Receivables | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Disclosure of trade and other receivables [text block] | 1 7 . Trade and other receivables (US dollars in thousands) 201 9 2018 2017 Current receivables Trade receivables 5,899 5,333 5,248 Contract assets 1,800 120 13,183 Prepayments 628 391 563 Other receivables 2,072 2,059 722 Related party receivable - - 128 Total 10,399 7,903 19,844 Non-current receivables Loan due from associate - - 549 Other receivables - - 618 Total - - 1,167 In accordance with IFRS 15, not Analysis of trade receivables: (US dollars in thousands) 2019 2018 2017 Trade and other receivables 5,929 5,335 5,250 Less: credit note provision (30 ) (2 ) (2 ) Total 5,899 5,333 5,248 The maximum exposure to credit risk for trade receivables by geographic region was: (US dollars in thousands) 2019 2018 2017 USA 78 129 - United Kingdom - 12 1,600 Australia 5,821 5,192 3,648 Total 5,899 5,333 5,248 The aging of the trade receivables, net of provisions is: (US dollars in thousands) 2019 2018 2017 0-90 days 5,765 5,326 5,092 Greater than 90 days 134 7 156 Total 5,899 5,333 5,248 |
Note 18 - Assets Classified as
Note 18 - Assets Classified as Held for Sale | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Disclosure of non-current assets or disposal groups classified as held for sale [text block] | 1 8 . Assets classified as held for sale (US dollars in thousands) % Owned 201 9 2018 2017 Innovative Solar Ventures I, LLC 50% 13,530 - - US-NC-31 Sponsor Partner, LLC 14.45% - 6,595 - US-NC-47 Sponsor Partner, LLC 10% - 4,841 - Total 13,530 11,436 - As more fully disclosed in Note 14, 50% 4.2. Reconciliation of the ISS Joint Venture investment is as follows ( 2018 14 (US dollars in thousands) 2019 2018 2017 Capital commitment 15,044 14,904 - Commission credit (770 ) (757 ) - Discontinued projects (848 ) - - Acquisition costs 104 - - Net assets 13,530 14,147 - The table below provides summarized financial information for the ISS Joint Venture. The information disclosed reflects the amounts presented in the financial statements of ISS Joint Venture, amended to reflect adjustments made by the Company when using the equity method, including fair value adjustments and modifications for differences in accounting policy. The summarized financial information for the ISS Joint Venture does not (US dollars in thousands) 2019 2018 2017 Current assets 1,187 1,373 - Non-current assets 27,107 26,921 - Net assets 28,294 28,294 - No no 2018: nil; 2017: nil Reconciliation to carrying amounts of the ISS Joint Venture ( 2018 14 (US dollars in thousands) 2019 2018 2017 Opening net assets 28,294 - - Initial investment - 29,808 - Commission credit - (1,514 ) - Net assets 28,294 28,294 - VivoPower share in % 50 % 50 % - VivoPower share in $ 14,148 14,147 - Commission credit (721 ) - - Acquisition costs 103 - - Net Assets 13,530 14,147 - |
Note 19 - Trade and Other Payab
Note 19 - Trade and Other Payables | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Disclosure of trade and other payables [text block] | 1 9 . Trade and other payables (US dollars in thousands) 2019 2018 2017 Trade payables 5,675 3,806 2,158 Accruals 1,952 3,008 1,297 Related party payable 1,378 1,838 1,445 Payroll liabilities 1,165 504 1,972 Sales tax payable 764 310 412 Contract liabilities 4,978 1,544 305 Other creditors 2,011 3,072 81 Treasury shares (see note 23 for further details) - - 592 Total 17,923 14,082 8,262 In accordance with IFRS 15 All contract liabilities balances at March 31, 2018 2017 |
Note 20 - Provisions
Note 20 - Provisions | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Disclosure of provisions [text block] | 20. Provisions (US dollars in thousands) 201 9 2018 2017 Current provisions Employee entitlements 1,459 1,474 1,339 Employee terminations 157 616 - Onerous contracts 94 380 - 1,710 2,470 1,339 Non-current provisions Employee entitlements 227 288 237 Onerous contracts 1,995 - - 2,222 288 237 Total 3,932 2,758 1,576 Employee entitlements include long term leave and vacation provisions. The employee terminations provision represents severance and contract termination costs associated with employees and contractors who departed the business as a result of the restructuring more fully disclosed in note 7. The onerous contracts provision recognizes the forecast losses associated with contracts to purchase Solar Renewable Energy Certificates from the NC- 31 31 2027. 8.5%. (US dollars in thousands) Employee Entitlements Employee Terminations Onerous Contracts Total At April 1. 2016 - - - - Acquired through business Combinations 1,576 - - 1,576 At March 31, 2017 1,576 - - 1,576 Charged/(credited) to profit or loss: Additional provisions recognized 186 616 380 1,182 At March 31, 2018 1,762 616 380 2,758 Foreign exchange (140 ) - - (140 ) Charged/(credited) to profit or loss: Additional provisions 510 243 1,804 2,557 Reverse unused provisions (26 ) (87 ) - (113 ) Provisions utilized (420 ) (614 ) (96 ) (1,130 ) At March 31, 2019 1,686 158 2,088 3,932 |
Note 21 - Loans and Borrowings
Note 21 - Loans and Borrowings | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Disclosure of debt instruments [text block] | 2 1 . Loans and borrowings (US dollars in thousands) 201 9 2018 2017 Current liabilities Debtor invoice financing 751 - - Finance leases 136 285 145 Financing agreement - 2,000 - Shareholder loans - 1,670 - Bank loan - - 90 887 3,955 235 Non-current liabilities Shareholder loan 18,242 18,092 18,992 Finance leases 138 293 95 Bank loan - - 933 Total 18,380 18,385 20,020 Total 19,267 18,385 20,255 In August 2018, $3.6 AU$5 The shareholder loan is due to Arowana International Limited (“AWN”), the Company’s majority shareholder, bears interest at 8.5% No July 2020, 21 50% $10 The obligations under finance leases are as follows: (US dollars in thousands) Minimum lease payments Present value of minimum lease payments 2019 2018 2017 2019 2018 2017 Amounts payable under finance leases: Less than one year 147 291 165 136 285 145 Later than one year but not more than five 143 327 107 138 293 95 290 618 272 274 578 240 Future finance charges (16 ) (40 ) (32 ) - - - Total obligations under finance lease 274 578 240 274 578 240 |
Note 22 - Called Up Share Capit
Note 22 - Called Up Share Capital | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Disclosure of classes of share capital [text block] | 2 2 . Called up share capital 201 9 2018 2017 Allotted, called up and fully paid Ordinary shares of $0.012 each as at 31 March $ 162,689 $ 162,689 $ 162,689 Number allotted Ordinary shares of $0.012 each 13,557,376 13,557,376 13,557,376 No. of shares At April 1, 2016 5,514,375 Issue of new shares 8,043,001 At April 1, 201 7 13,557,376 Issue of new shares - At March 31, 201 8 13,557,376 Issue of new shares - At March 31, 201 9 13,557,376 |
Note 23 - Other Reserves
Note 23 - Other Reserves | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Disclosure of reserves within equity [text block] | 2 3 . Other reserves (US dollars in thousands) 201 9 2018 2017 Equity instruments 26,090 25,072 25,072 Share option reserve 3,713 3,713 3,713 Capital raising costs (9,722 ) (9,722 ) (9,722 ) Treasury shares (246 ) (592 ) (592 ) Foreign exchange 11 (88 ) (142 ) Total 19,846 18,383 18,329 Equity instruments are convertible preference shares and convertible loan notes in Aevitas Group Limited (“Aevitas Group”) which must convert to shares of VivoPower at $10.20 no 30 June 2021. There are 2,473,367 AU$3.00 June 30, 2021. AU$10,515,382 March 31, 2019. There are 2,473,367 AU$7.00 June 30, 2021. AU$23,806,189 March 31, 2019. Dividends or interest is payable quarterly in arrears at a rate of 7% December 29, 2016, US$10.20 In connection with the acquisition of Aevitas Group, the Company entered into a guarantee of the obligations of Aevitas Group under the terms of the preference shares and loan notes. The share option reserve represents 828,000 US$8.70 April 30, 2020. not On March 30, 2017, 129,805 $4.50 $591,911, March 31, 2019, 75,805 2017 $85,660 $260,011 |
Note 24 - Earnings Per Share
Note 24 - Earnings Per Share | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Disclosure of earnings per share [text block] | 2 4 . Earnings per share The earnings and weighted average numbers of ordinary shares used in the calculation of earnings per share are as follows: (US dollars in thousands) 201 9 2018 2017 Profit/(loss) for the year (11,223 ) (27,879 ) 5,581 Weighted average number of shares in issue (‘000s) 13,557 13,557 7,624 Basic earnings/(loss) per share (dollars) (0.83 ) (2.06 ) 0.73 Diluted earnings/(loss) per share (dollars) (0.83 ) (2.06 ) 0.73 |
Note 25 - Contingencies
Note 25 - Contingencies | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Disclosure of contingencies [text block] | 2 5 . Contingen cies On February 26, 2018, October 4, 2017. £615,600 £540,000 April 9,2018, On November 26, 2018, No As the outcome of the litigation is uncertain, very much dependent upon uncertain future determinations by third no |
Note 26 - Operating Lease Commi
Note 26 - Operating Lease Commitments | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Disclosure of Operating Lease Commitments [Text Block] | 2 6 . Operating lease commitments As at March 31, 2019, (US dollars in thousands) 201 9 2018 2017 Property Payable in less than one year 442 312 15 Payable between one and five years 222 - 159 Total 664 312 174 Motor vehicles Payable in less than one year 149 - - Payable between one and five years 547 - - Total 696 - - Other equipment - Payable in less than one year 8 16 - Payable between one and five years 16 5 - Total 24 21 - |
Note 27 - Pensions
Note 27 - Pensions | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Disclosure of defined benefit plans [text block] | 2 7 . Pensions The Group’s principal pension plan comprises the compulsory Superannuation scheme in Australia, where the Group contributes 9.5%. 3%. $756,614 2018: $900,483; 2017: $196,005 |
Note 28 - Financial Instruments
Note 28 - Financial Instruments | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Disclosure of financial instruments [text block] | 2 8 . Financial instruments (US dollars in thousands) 201 9 2018 2017 Financial assets at amortized cost Trade and other receivables 7,971 7,392 20,448 Cash and cash equivalents 4,522 1,939 10,970 Restricted cash 1,319 - - Total 13,812 9,331 31,418 Financial l iabilities at amortized cost Loans and borrowings 19,267 22,340 20,255 Trade and other payables 11,016 11,724 5,878 Total 30,283 34,064 26,133 The amounts disclosed in the above table for trade and other receivables and payables do not not (a) Financial risk management The Group’s principal financial instruments are bank balances, cash and medium-term loans. The main purpose of these financial instruments is to manage the Group’s funding and liquidity requirements. The Group also has other financial instruments such as trade receivables and trade payables which arise directly from its operations. The Group is exposed through its operations to the following financial risks: ● Liquidity risk ● Credit risk ● Interest rate risk ● Foreign currency risk The Board of Directors has overall responsibility for the establishment and oversight of the Group’s risk management framework. Policy for managing risks is set by the Chief Executive Officer and is implemented by the Group’s finance department. All risks are managed centrally with a tight control of all financial matters. (b) Liquidity risk Liquidity risk is the risk that the Group will not no $4.5 2018: $1.9 March 31, 2019. 1.43 2018: 1.03 $3.6 $0.8 March 31, 2019. Contractual maturities of financial liabilities, including interest payments, are as follows: 2019 (US dollars in thousands) Total Less than 1 year 1-3 years 3-5 years More 5 years Contractual maturity of financial liabilities Trade and other payables (financial liabilities) 11,016 11,016 - - - Borrowings 22,480 2,556 19,924 - - Finance leases 290 147 143 - - Total 33,786 13,719 20,067 - - 2018 (US dollars in thousands) Total Less than 1 year 1-3 years 3-5 years More than 5 years Contractual maturity of financial liabilities Trade and other payables (financial liabilities) 11,724 11,724 - - - Borrowings 25,896 5,498 14,111 6,287 - Finance leases 619 291 328 - - Total 38,239 17,513 14,439 6,287 - (c) Credit risk The primary risk arises from the Group’s receivables from customers and contract assets. The majority of the Group’s customers are long standing and have been a customer of the Group for many years. Losses have occurred infrequently. The Group is mainly exposed to credit risks from credit sales but the Group has no The Group does not not The credit quality of debtors neither past due nor impaired is good. Refer to note 17 (d) Foreign currency risk The Group operates internationally and is exposed to foreign exchange risk on sales and purchases that are denominated in currencies other than the respective functional currencies of the Group entities to which they relate, primarily with respect to GBP and USD, but also between USD and AUD. The Group’s investments in overseas subsidiaries are not The Group is exposed to foreign exchange risk on $9.7 $11.1 $10.5 $0.6 $0.3 $0.8 The related party loans are denominated in USD, and therefore, foreign currency risk is eliminated. (e) Interest rate risk As a result of the related party loan agreement the Group is exposed to interest rate volatility. However, the interest rate is fixed for the medium term, therefore, the risk is largely mitigated for the near future. The Group will continue to monitor the movements in the wider global economy. |
Note 29 - Related Party Transac
Note 29 - Related Party Transactions | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Disclosure of related party [text block] | 2 9 . Related party transactions Arowana International Limited is the ultimate controlling party by virtue of its 60.3% two VivoPower is indebted to Arowana via a shareholder loan on normal commercial terms with interest at 8.5% $75,000 ten April 2018, 21 July 2020. March 31, 2019, $18,242,636 2018: $18,992,636; 2017:$18,992,636 Directors fees for Kevin Chin in the amount of $254,084 March 31, 2019. March 31, 2019, $47,990 2018: $42,188; 2017: nil Art Russell, Interim Chief Executive Officer, is employed by Arowana International UK Limited, a subsidiary of Arowana, and seconded to VivoPower; $293,972 March 31, 2019. March 31, 2019, $32,657 2018: $80,026; 2017: nil Gary Hui, a former Director, was paid $219,334 $158,408 March 31, 2019. March 31, 2019, $nil 2018: $242,915; $2017: $121,046 From time to time, costs incurred by Arowana on behalf of VivoPower are recharged to the Company. During the year ended March 31, 2019, no March 31, 2019, $1,268,670 2018: $1,802,003; 2017: nil Aevitas is indebted to the following subsidiaries of Arowana via their holdings in Aevitas convertible loan notes, which are accounted for as equity instruments within other reserves, as more fully described in note 23, $713,286 March 31, 2019. March 31, 2019: ● Arowana Australasian Special Situations 1A 666,666 $4,590,582; ● Arowana Australasian Special Situations 1B 666,667 $4,590,589; ● Arowana Australasian Special Situations 1C 666,667 $4,590,589. Subsidiaries of Arowana hold the following convertible preferred shares of Aevitas, which are accounted for as equity instruments within other reserves, and for which they earned $305,694 March 31, 2019. March31, 2019: ● Arowana Australasian Special Situations 1A 388,889 $1,183,123; ● Arowana Australasian Special Situations 1B 388,889 $1,183,123; ● Arowana Australasian Special Situations 1C 388,889 $1,183,123; ● Arowana Australasian Special Situations Fund 1 833,333 $2,535,261. Aevitas is indebted to The Panaga Group Trust, of which Mr. Kevin Chin is a beneficiary and one 4,500 $29,422 March 31, 2019 $1,605 March 31, 2019. Aevitas is also indebted to The Panaga Group Trust, who also holds 4,500 $13,020 March 31, 2019 $688 March 31, 2019. |
Note 30 - Subsequent Event
Note 30 - Subsequent Event | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Disclosure of events after reporting period [text block] | 30. On July 2, 2019, 100% $1 $2.276 $2.047 $0.302 $0.073 4.2, $1.959 2018: $0.645 |
Note 31 - Key Management Person
Note 31 - Key Management Personnel Compensation | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Disclosure of information about key management personnel [text block] | 3 1 . Key management personnel compensation Key management personnel, which are those roles that have a Group management aspect to them are included in note 9 |
Note 32 - Ultimate Controlling
Note 32 - Ultimate Controlling Party | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Disclosure of ultimate controlling party [text block] | 3 2 . Ultimate controlling party The ultimate controlling party and the results into which these financials are consolidated is Arowana International Limited, a company registered in Australia. |
Significant Accounting Policies
Significant Accounting Policies (Policies) | 12 Months Ended |
Mar. 31, 2019 | |
Discloure of Significant Accounting Policies | |
Description of accounting policy for basis of preparation [text block] | 2.1 VivoPower International PLC consolidated financial statements were prepared in accordance with International Financial Reporting Standards (IFRS), as issued by the International Accounting Standards Board, IFRIC interpretations and the Companies Act 2006 The preparation of financial statements with adopted IFRS requires the use of critical accounting estimates. It also requires the management to exercise judgement in the process of applying the Company’s accounting policies. The areas involving a higher degree of judgement or complexity, or areas where the assumptions and estimates are significant to the consolidated financial statements are disclosed in note 3. The financial statements have been prepared on a going concern basis, as the directors believe the Company will be able to meet its liabilities as they fall due. As at March 31, 2019, $4.5 $1.9 March 31, 2018. During the year ended March 31, 2019. $5.8 54%, $10.6 $4.8 $2.0 $2.6 March 31, 2019 $0.8 $1.0 $13.5 12 July 2020. To ensure success of the business, the directors have prepared and reviewed additional plans to mitigate any cash flow risk that may twelve Based on the foregoing, the directors believe that the Company is well placed to manage its business risk successfully, despite some current economic and political uncertainty. The directors therefore have a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. Thus, they have continued to adopt the going concern basis in preparing these financial statements. All financial information presented in US dollars has been rounded to the nearest thousand. |
Description of accounting policy for consolidation [text block] | 2.2 The consolidated financial statements include those of VivoPower International PLC and all of its subsidiary undertakings. Subsidiary undertakings are those entities controlled directly or indirectly by the Company. The Company controls an investee when it is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power over the entity. The results of the subsidiaries acquired are included in the consolidated Statement of Comprehensive Income from the date of acquisition using the same accounting policies of those of the Group. All business combinations are accounted for using the purchase method. The consideration transferred in a business combination is the fair value at the acquisition date of the assets transferred and the liabilities incurred by the Group and includes the fair value of any contingent consideration arrangement. Acquisition-related costs are recognized in the income statement as incurred. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair value at the acquisition date. Where necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies in line with those used by other members of the Group. All intra-group balances and transactions, including any unrealized income and expense arising from intra-group transactions, are eliminated in full in preparing the consolidated financial statements. Unrealized gains arising from transactions with equity invested investees are eliminated against the investment to the extent of the Group’s interest in the investee. Unrealized losses are eliminated in the same way as unrealized gains, but only to the extent that there is no Joint arrangements The Company applies IFRS 11 11, |
Description of accounting policy for intangible assets and goodwill [text block] | 2.3 All intangible assets, except goodwill, are stated at fair value less accumulated amortization and any accumulated impairment losses. Goodwill is not Goodwill Goodwill arose on the effective acquisition of VivoPower Pty Limited and Aevitas Group Limited (“Aevitas”). Goodwill is reviewed annually to test for impairment. Other intangible assets Intangible assets acquired through a business combination are initially measured at fair value and then amortized over their useful economic lives. Amortization is calculated on a straight-line basis to write down the assets over their useful economic lives at the following rates: Customer relationships – 10 Trade names – 15 25 Favorable supply contracts – 15 Databases – 5 |
Description of accounting policy for property, plant and equipment [text block] | 2.4 Property, plant and equipment are stated at cost less accumulated depreciation and any accumulated impairment losses. The cost of an item of property, plant and equipment comprises its purchase price and the costs directly attributable to bringing the asset into use. When parts of an item of property, plant and equipment have different useful lives, they are accounted as separate items (major components) of property, plant and equipment. Depreciation is calculated on a straight-line basis so as to write down the assets to their estimated residual value over their useful economic lives at the following rates: Computer equipment - 3 Fixtures and fittings - 3 Motor vehicles - 5 Plant and equipment – 3.5 10 Leasehold improvements – 20 40 |
Description of accounting policy for non-current assets or disposal groups classified as held for sale and discontinued operations [text block] | 2.5 Assets are classified as held for sale if their carrying amount will be recovered principally through a sale transaction rather than through continuing use and a sale is considered highly probable. They are measured at the lower of their carrying value and fair value less costs to sell. An impairment loss is recognized for any subsequent write-down of the asset to fair value less costs to sell. |
Description of accounting policy for leases [text block] | 2.6 Leases are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee. All other leases are classified as operating leases. Assets held under finance leases are initially recognized as property, plant and equipment at an amount equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments at the inception of the lease, and then depreciated over their useful economic lives. Lease payments are apportioned between the repayment of capital and interest. The capital element of future lease payments is included in the Statement of Financial Position as a liability. Interest is charged to the Statement of Comprehensive Income so as to achieve a constant rate of interest on the remaining balance of the liability. Rentals payable under operating leases are charged to the Statement of Comprehensive Income on a straight-line basis over the lease term. Operating leases incentives are recognized as a reduction in the rental expense over the lease term. |
Description of accounting policy for impairment of non-financial assets [text block] | 2.7 Goodwill is allocated to cash-generating units for the purposes of impairment testing. The recoverable amount of the cash-generating unit (‘CGU’) to which the goodwill relates is tested annually for impairment or when events or changes to circumstances indicate that it might be impaired. The carrying values of property, plant and equipment, investments and intangible assets other than goodwill are reviewed for impairment only when events indicate the carrying value may In an impairment test the recoverable amount of the cash-generating unit or asset is estimated in order to determine the existence or extent of any impairment loss. The recoverable amount is the higher of fair value less costs to sell and the value in use to the Group. An impairment loss is recognized to the extent that the carrying value exceeds the recoverable amount. In determining a cash-generating unit’s or asset’s value in use, estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time-value of money and risks specific to the cash-generating unit or asset that have not An impairment loss in respect of goodwill is not no not no |
Description of accounting policy for financial instruments [text block] | 2.8 Financial assets and liabilities are recognized in the Group’s Statement of Financial Position when the Group becomes a party to the contracted provision of the instrument. The following policies for financial instruments have been applied in the preparation of the consolidated financial statements. From April 1, 2018, • those to be measured subsequently at fair value through profit or loss; and, • those to be measured at amortized cost. The classification depends on the business model for managing the financial assets and the contractual terms of the cash flows. Financial assets are classified as at amortized cost only if both of the following criteria are met: • the asset is held within a business model whose objective is to collect contractual cash flows; and, • the contractual terms give rise to cash flows that are solely payments of principal and interest. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset or transfer the liability takes place either: • in the principal market for the asset or liability; or, • in the absence of a principal market, in the most advantageous market for the asset or liability. The principal or the most advantageous market must be accessible by the Group. The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset or liability, assuming that market participants act in their economic best interest. All assets and liabilities for which fair value is measured or disclosed in the financial statements are categorized within the fair value hierarchy, described as follows, based on the lowest level input that is significant to the fair value measurement as a whole: • Level 1 • Level 2 • Level 3 Cash and cash equivalents For the purpose of preparation of the Statement of Cash Flow, cash and cash equivalents includes cash at bank and in hand. Bank borrowings Interest-bearing bank loans are recorded at the proceeds received. Direct issue costs paid on the establishment of loan facilities are recognized over the term of the loan on a straight-line basis. The initial payment is taken to the Statement of Financial Position and then amortized over the full-length of the facility. Trade and other receivables Trade and other receivables are recognized initially at fair value and subsequently measured at amortized cost using the effective interest method, less any allowance for the expected future issue of credit notes and for non-recoverability due to credit risk. The Group applies the IFRS 9 Trade and other payables Trade and other payables are non-interest bearing and are stated at amortized cost using the effective interest method. Share Capital Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of ordinary shares are recognized as a deduction from equity, net of any tax effects. Repurchase of share capital (treasury shares) When share capital recognized as equity is repurchased as equity by the Company the amount of the consideration paid, which includes directly attributable costs, net of any tax effects, is recognized as a deduction from equity, and excluded from the number of shares in issue when calculating earnings per share. |
Description of accounting policy for income tax [text block] | 2.9 Income tax expense comprises current and deferred tax. Current tax is recognized based on the amounts expected to be paid or recovered under the tax rates and laws that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is provided on temporary timing differences that arise between the carrying amounts of assets and liabilities for financial reporting purposes and their corresponding tax values. Liabilities are recorded on all temporary differences except in respect of initial recognition of goodwill and in respect of investments in subsidiaries where the timing of the reversal of the temporary difference is controlled by the Group and it is probable that it will not Deferred tax assets and liabilities are offset if there is a legally enforceable right to offset current tax assets and liabilities, they relate to income taxes levied by the same tax authority and the Group intends to settle current tax liabilities and assets on a net basis or their tax assets and liabilities will be realized simultaneously. Current and deferred tax are recognized in the Statement of Comprehensive Income, except when the tax relates to items charged or credited directly to equity, in which case it is dealt with directly in equity. |
Description of accounting policy for provisions [text block] | 2.10 Provisions are recognized when the Group has a present obligation because of a past event, it is probable that the Group will be required to settle that obligation, and it can be measured reliably. Provisions are measured at the directors’ best estimate of the expenditure required to settle the obligation at the date of Statement of Financial Position. Where the time value of money is material, provisions are measured at the present value of expenditures expected to be paid in settlement. |
Description of accounting policy for earnings per share [text block] | 2.11 The Group presents basic and diluted earnings per share (“EPS”) data for ordinary shares. Basic EPS is calculated by dividing the profit or loss attributable to ordinary shareholders of the Company by the weighted average number of ordinary shares, excluding the shares held as treasury shares. Currently there are no |
Description of accounting policy for foreign currency translation [text block] | 2.12 The Company’s functional and presentational currency is the US dollar. Items included in the separate financial statements of each Group entity are measured in the functional currency of that entity. Transactions denominated in foreign currencies are translated into the functional currency of the entity at the rates of exchange prevailing at the dates of the individual transactions. Foreign currency monetary assets and liabilities are translated at the rates of exchange prevailing at the end of the reporting period. Exchange gains and losses arising are charged to the Statement of Comprehensive Income within finance income or expenses. The Statement of Comprehensive and Statement of Financial Position of foreign entities are translated into US dollars on consolidation at the average rates for the period and the rates prevailing at the end of the reporting period respectively. Exchange gains and losses arising on the translation of the Group’s net investment foreign entities are recognized as a separate component of shareholders’ equity. Foreign currency denominated share capital and related share premium and reserve accounts are recorded at the historical exchange rate at the time the shares were issued or the equity created. |
Description of accounting policy for recognition of revenue [text block] | 2.13 from contracts with customers Revenue comprises the fair value of the consideration received or receivable for the sale of services in the ordinary course of the Group’s activities. Revenue is shown net of discounts, value-added tax, other sales related taxes, and after the elimination of sales within the Group. Revenue comprises development revenues, electrical installations, electrical servicing and maintenance and generator sales. Revenue is recognized upon satisfaction of contractual performance obligations. The Company adopted IFRS 15 The Group has a number of different revenue streams and the key components in determining the correct recognition are as follows: Development revenue, which is revenue generated from development services relating to the building and construction of solar projects, is recognized on a percentage completion basis as the value is accrued by the end user over the life of the contract. The periodic recognition is calculated through weekly project progress reports. On longer-term power services projects such as large-scale equipment provision and installation, the performance obligation of completing the installation is satisfied over time, and revenue is recognized on a percentage completion basis using an input method. Revenue for stand-alone equipment sales is recognized at the point of passing control of the asset to the customer. Other revenue for small jobs and those completed in a limited timeframe are recognized when the job is complete. Warranties are of short duration and only cover defective workmanship and defective materials. No No one If the revenue recognized for goods and services rendered by the Company exceeds amounts that the Company is entitled to bill the customer, a contract asset is recognized. If amounts billed exceed the revenue recognized for goods and services rendered, a contract liability is recognized. Incremental costs of obtaining a contract are expensed as incurred. |
Description of accounting policy for employee benefits [text block] | 2.14 Pension The employer pension contributions are associated with defined contribution schemes. The costs are therefore recognized in the month in which the contribution is incurred, which is consistent with recognition of payroll expenses. Short-term benefits Short-term employee benefit obligations are measured on an undiscounted basis and are expensed as the related service is provided. A liability is recognized for the amount expected to be paid under short-term cash bonus or profit-sharing plans if the Group has a present legal or constructive obligation to pay this amount because of past service provided by the employee and the obligation can be reliably measured. Short-term compensated absences A liability for short-term compensated absences, such as holiday, is recognized for the amount the Group may |
Description of accounting policy for restructuring costs [text block] | 2.15 Restructuring costs are by nature one not 1 37 |
Description of accounting policy for new standards [text block] | 2.16 During the current year, the Group adopted all of the new and revised Standards and Interpretations that are relevant to its operations and effective for accounting periods beginning on 1 April 2018. not 9 The IASB and IFRIC have issued the following standards and with an effective date after the date of the financial statements and have not • IFRS 16: 1 January 2019; • IFRIC 23: 1 January 2019. • Annual Improvements 2015 2018 1 January 2019. The Group is assessing the impact on the financial statements of these adoptions. There are no not |
Note 4 - Revenue and Segmenta_2
Note 4 - Revenue and Segmental Information (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Disclosure of geographical areas [text block] | (US dollars in thousands) 2019 2018 2017 Australia 37,889 31,985 5,705 United States 1,147 1,662 24,945 United Kingdom - - 1,600 Total revenue 39,036 33,647 32,250 |
Disclosure of products and services [text block] | (US dollars in thousands) 2019 2018 2017 Electrical equipment and related services 37,799 31,631 5,615 Development fees 90 828 24,555 Other revenue 1,147 1,188 2,080 Total revenue 39,036 33,647 32,250 |
Disclosure of operating segments [text block] | 2019 (US dollars in thousands) Critical Power Services Solar Development Corporate Office Total Revenue 37,800 1,236 - 39,036 Costs of sales (32,317 ) (409 ) - (32,726 ) Gross profit 5,483 827 - 6,310 General and administrative expenses (2,823 ) (2,148 ) (2,714 ) (7,685 ) Loss on sale of assets (30 ) (2,585 ) - (2,615 ) Depreciation and amortization (1,272 ) (140 ) (8 ) (1,420 ) Operating profit/ (loss) 1,358 (4,046 ) (2,722 ) (5,410 ) Restructuring costs (8 ) 7 (2,016 ) (2,017 ) Impairment of assets - - - - Impairment of goodwill - - - - Transaction costs - - - - Finance expense - net (1,354 ) (221 ) (1,664 ) (3,239 ) Profit/ ( l oss) before income tax (4 ) (4,260 ) (6,402 ) (10,666 ) Income tax (572 ) 15 - (557 ) Loss for the year (576 ) (4,245 ) (6,402 ) (11,223 ) 2018 (US dollars in thousands) Critical Power Services Solar Development Corporate Office Total Revenue 31,807 1,840 - 33,647 Costs of sales (27,482 ) (1,042 ) - (28,524 ) Gross profit 4,325 798 - 5,123 General and administrative expenses (2,173 ) (6,468 ) (4,173 ) (12,814 ) Gain on sale of assets 213 1,143 - 1,356 Depreciation and amortization (1,233 ) (19 ) (8 ) (1,260 ) Operating profit/ (loss) 1,132 (4,546 ) (4,181 ) (7,595 ) Restructuring costs (335 ) (964 ) (574 ) (1,873 ) Impairment of assets - (10,191 ) - (10,191 ) Impairment of goodwill - (11,092 ) - (11,092 ) Transaction costs - - - - Finance expense - net (1,283 ) (400 ) (1,703 ) (3,386 ) Loss before income tax (486 ) (27,193 ) (6,458 ) (34,137 ) Income tax (85 ) 6,291 52 6,258 Loss for the year (571 ) (20,902 ) (6,406 ) (27,879 ) 2017 (US dollars in thousands) Critical Power Services Solar Development Corporate Office Total Revenue 5,614 26,636 - 32,250 Costs of sales (4,948 ) (29 ) - (4,977 ) Gross profit 666 26,607 - 27,273 General and administrative expenses (598 ) (4,544 ) (4,174 ) (9,316 ) Gain on sale of assets - - - - Depreciation and amortization (646 ) (4 ) (1 ) (651 ) Operating (loss)/ p rofit (578 ) 22,059 (4,454 ) 17,306 Restructuring costs - - - - Impairment of assets - - - - Impairment of goodwill - - - - Transaction costs - - (5,800 ) (5,800 ) Finance expense - net (363 ) (174 ) (50 ) (587 ) (Loss)/p rofit before income tax (941 ) 21,885 (10,025 ) 10,919 Income tax expense 294 (6,078 ) 446 (5,338 ) (Loss)/p rofit for the year (647 ) 15,807 (9,579 ) 5,581 2019 (US dollars in thousands) Critical Power Services S olar Development Corporate Office Total Assets 29,538 35,472 385 65,395 Liabilities (6,085 ) (13,603 ) (21,722 ) (41,410 ) Net assets 23,453 21,869 (21,337 ) 23,985 2018 (US dollars in thousands) Critical Power Services Solar Development Corporate Office Total Assets 34,421 41,270 621 76,312 Liabilities (6,473 ) (11,101 ) (21,735 ) (39,309 ) Net assets 27,948 30,169 (21,114 ) 37,003 2017 (US dollars in thousands) Critical Power Services Solar Development Corporate Office Total Assets 24,268 42,235 34,333 100,836 Liabilities (4,620 ) (27,858 ) (3,752 ) (36,230 ) Net assets 19,648 14,377 30,581 64,606 |
Note 6 - Operating (Loss) Pro_2
Note 6 - Operating (Loss) Profit (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Disclosure of other operating income (expense) [text block] | (US dollars in thousands) 2019 2018 2017 Amortization of intangible assets 990 840 548 Depreciation of property, plant and equipment 430 420 103 Operating lease costs – land and buildings 548 304 174 Operating lease costs – motor vehicles 65 - - Operating lease costs – other equipment 33 - - Gain/(loss) on foreign exchange - 59 - Auditors’ remuneration – audit fees 253 414 246 Auditors’ remuneration – audit related services 26 - 57 Auditors’ remuneration – tax services 28 13 - Directors emoluments 611 1,131 1,705 (Loss)/gain on disposal of assets (2,615 ) 1,356 - |
Note 7 - Restructuring Costs (T
Note 7 - Restructuring Costs (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Disclosure of restructuring expenses [text block] | (US dollars in thousands) 2019 2018 2017 Corporate restructuring – workforce reduction 102 734 - Corporate restructuring – professional fees 1,776 566 - Corporate restructuring – terminated projects 139 573 - Total 2,017 1,873 - |
Note 8 - Staff Numbers and Co_2
Note 8 - Staff Numbers and Costs (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Average number of employee [Text Block] | 2019 2018 2017 Sales and Business Development 9 9 5 Central Services & Management 32 37 12 Production 138 148 26 Total 179 194 43 |
Aggregate remuneration costs [Text Block] | (US dollars in thousands) 2019 2018 2017 Salaries, wages and incentives 14,327 14,299 5,605 Social security costs 1,044 834 398 Pension contributions 788 848 196 Short-term compensated absences 1,254 996 403 Total 17,412 16,977 6,602 |
Key management personnel expenses [Text Block] | (US dollars in thousands) 2019 2018 2017 Salaries, wages and incentives 2,354 2,281 3,014 Social security costs 176 217 194 Pension contributions 45 64 39 Equity incentives 130 Short-term compensated absences - 13 101 Total 2,705 2,575 3,348 |
Note 9 - Finance Income and E_2
Note 9 - Finance Income and Expense (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Disclosure of finance income and expense [text block] | (US dollars in thousands) 2019 2018 2017 Finance income Interest received 4 9 13 Finance expense Related party loan interest payable 1,588 1,636 171 Convertible loan notes and preference shares interest payable 1,284 1,220 358 Financing agreement finance cost payable 206 217 - Debtor invoice finance cost payable 164 - - Finance lease interest payable 1 55 - Bank interest payable - 17 5 Foreign exchange losses - 93 2 Other finance costs - 157 58 Total 3,243 3,395 600 |
Note 10 - Income Tax Expenses (
Note 10 - Income Tax Expenses (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Income tax expenses [Text Block] | (US dollars in thousands) 2019 2018 2017 Current tax UK corporation tax 29 (29 ) - Foreign tax (217 ) 2,279 (2,361 ) Total current tax (188 ) 2,250 (2,361 ) Deferred tax Current year UK corporation tax 267 (370 ) 451 Foreign tax (636 ) 4,378 (3,428 ) Total deferred tax (369 ) 4,008 (2,977 ) Total income tax (557 ) 6,258 (5,338 ) |
Reconciliation of accounting profit multiplied by applicable tax rates [Text Block] | (US dollars in thousands) 201 9 2018 2017 (Loss)/profit before income tax (10,666 ) (34,137 ) 10,919 Group weighted average corporation tax rate 21.8 % 22.8 % 20.0 % Tax at standard rate 2,325 7,772 (2,184 ) Effects of: Expenses that are not deductible for tax purposes 41 (3,872 ) (20 ) Adjustment to prior year tax provisions (64 ) 2,358 - Deferred tax assets not recognized on tax losses (2,859 ) - - Tax rates of subsidiaries operating in other jurisdictions - - (3,108 ) Change in tax rates - - (26 ) Total income tax for the year recognized in the Consolidated Statement of Comprehensive Income (557 ) 6,258 (5,338 ) |
Deferred tax [Text Block] | Deferred tax assets 2019 2018 2017 Deferred tax assets 2,054 2,570 2,312 Deferred tax liabilities (1 ) (26 ) (3,776 ) Net deferred tax asset/(liability) 2,053 2,544 (1,464 ) |
Deferred tax assets and liabilities [Text Block] | Deferred tax assets Tax losses Other timing differences Total April 1, 2016 - - - Credit/(charged) to comprehensive income 739 - 739 Acquisition 1,573 - 1,573 March 31, 2017 2,312 - 2,312 Credit/(charged) to comprehensive income (727 ) 985 258 March 31, 2018 1,585 985 2,570 Credit/(charged) to comprehensive income (580 ) 64 (516 ) March 31, 201 9 1,005 1,049 2,054 Deferred tax liabilities Accelerated allowances Other timing differences Total April 1, 2016 - - - Credit/(charged) to comprehensive income (13 ) (3,763 ) (3,776 ) March 31, 2017 (13 ) (3,763 ) (3,776 ) Credit/(charged) to comprehensive income 5 3,745 3,750 March 31, 2018 (8 ) (18 ) (26 ) Credit/(charged) to comprehensive income 7 18 25 March 31, 201 9 (1 ) - (1 ) |
Note 11 - Property, Plant and_2
Note 11 - Property, Plant and Equipment (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Disclosure of detailed information about property, plant and equipment [text block] | (US dollars in Computer Equipment Motor Vehicles Plant & Equipment Leasehold improvement Fixtures and Fittings Total Cost At April 1, 2016 3 - - - - 3 Additions 34 44 16 - - 94 Acquisition 488 1,588 1,876 156 11 4,119 At March 31 , 2017 525 1,632 1,892 156 11 4,216 Foreign exchange 3 10 12 1 - 26 Additions 121 437 537 4 2 1,101 Disposals (7 ) (82 ) (921 ) - - (1,010 ) At March 31, 201 8 642 1,997 1,520 161 13 4,333 Foreign exchange (46 ) (148 ) (112 ) (12 ) (1 ) (319 ) Additions 73 55 205 11 4 348 Disposals (126 ) (275 ) (584 ) - - (985 ) At March 31, 201 9 543 1,629 1,029 160 16 3,377 Depreciation At April 1, 2016 - - - - - - Additions 24 45 31 3 - 103 Acquisition 303 982 619 38 8 1.950 At March 31, 2017 327 1,027 650 41 8 2,053 Foreign exchange 2 6 4 - - 12 Additions 97 203 107 12 1 420 Disposals (4 ) (63 ) - - - (67 ) At March 31, 201 8 422 1,173 761 53 9 2,418 Foreign exchange (34 ) (93 ) (59 ) (4 ) (1 ) (191 ) Additions 89 222 106 11 1 430 Disposals (97 ) (223 ) (165 ) - - (486 ) At March 31, 2019 380 1,079 644 59 9 2,172 Net book value At March 31, 2017 198 605 1,242 115 3 2,163 At March 31, 2018 220 824 759 108 4 1,915 At March 31, 201 9 163 550 383 101 7 1,205 |
Note 12 - Intangible Assets (Ta
Note 12 - Intangible Assets (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Intangible assets [Text Block] | (US dollars in thousands) 201 9 2018 2017 Goodwill 22,622 24,482 30,393 Other intangible assets 9,744 11,920 15,927 Carrying value at March 31 32,366 36,402 46,320 |
Goodwill [Text Block] | (US dollars in thousands) 201 9 2018 2017 As at April 1 24,482 30,393 - Revaluations - 3,597 - Goodwill previously not recognized - 627 - Impairment - (11,092 ) - Reclassifications - 138 - Additions - - 30,024 Foreign exchange (1,860 ) 819 369 Carrying value at March 31 22,622 24,482 30,393 |
Carrying amounts of goodwill by cash-generating units [Text Block] | (US dollars in thousands) 201 9 2018 2017 Aevitas O Holdings Limited (allocated to the Critical Power Services segment) 12,884 13,949 9,800 VivoPower Pty Limited (allocated to the Solar Development segment) 9,738 10,533 20,593 Total 22,622 24,482 30,393 |
Other Intangible Assets [Text Block] | (US dollars in thousands) Customer Relationships Trade Names Favorable Supply Contracts Databases Other Total Cost At April 1, 2016 - - - - - - Additions 9,953 2,488 2,488 734 812 16,475 At March 31 , 2017 9,953 2,488 2,488 734 812 16,475 Foreign exchange 139 63 126 4 - 332 Revaluation (4,293 ) 129 1,963 (584 ) (812 ) (3,597 ) Additions - - - - 98 98 At March 31, 2018 5,799 2,680 4,577 154 98 13,308 Foreign exchange (439 ) (204 ) (348 ) (12 ) (11 ) (1,013 ) Disposals (263 ) - - - (72 ) (335 ) At March 31, 201 9 5,097 2,476 4,229 142 16 11,960 Amortization At April 1, 2016 - - - - - - Amortization 347 43 122 36 - 548 At March 31, 2017 347 43 122 36 - 548 Amortization 330 194 284 32 - 840 At March 31, 201 8 677 237 406 68 - 1,388 Foreign exchange (75 ) (22 ) (38 ) (6 ) - (141 ) Amortization 483 169 289 49 - 990 Disposals (21 ) - - - (21 ) At March 31, 201 9 1,064 384 657 111 - 2,216 Net book value At March 31, 2017 9,606 2,445 2,366 698 812 15,927 At March 31, 2018 5,122 2,443 4,171 86 98 11,920 At March 31, 201 9 4.033 2.092 3,572 31 16 9,744 |
Note 13 - Investment in Subsi_2
Note 13 - Investment in Subsidiaries (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Disclosure of subsidiaries [text block] | Subsidiary undertakings Percentage of shares held Registered address VivoPower International Services Limited 100% 28 Esplanade, St Helier, Jersey, JE2 3QA VivoPower USA, LLC 100% 251 Little Falls Drive, Wilmington, DE, USA 19808 VivoRex, LLC 100% VivoPower US-NC-31, LLC 100% VivoPower US-NC-47, LLC 100% VivoPower (USA) Development, LLC 100% Innovative Solar Ventures I, LLC 50% VivoPower Pty Limited 100% 153 Walker St, North Sydney NSW, Australia 2060 VivoPower WA Pty Limited 100% VVP Project 1 Pty Limited 100% Amaroo Solar Pty Limited 100% SC Tco Pty Limited 100% SC Hco Pty Limited 100% SC Fco Pty Limited 100% SC Oco Pty Limited 100% VVPR-ITP TopCo Pty Limited 50% VVPR-ITP ProjectCo 1 Pty Limited 20% Aevitas O Holdings Pty Limited 100% Aevitas Group Limited 99.9% Aevitas Holdings Pty Limited 100% Electrical Engineering Group Pty Limited 100% JA Martin Electrical Limited 100% Kenshaw Electrical Pty Limited 100% VivoPower Singapore Pte Limited 100% 36, UOB Plaza 1, 80 Raffles Pl, Singapore 048624 VivoPower Philippines Inc. 64% Unit 10A, Net Lima Building, 5th Avenue cor. 26th Street, E-Square Zone, Crescent Park West, Bonifacio Global City, Taguig, Metro Manila VivoPower RE Solutions Inc. 64% V.V.P. Holdings Inc. * 40% |
Note 14 - Investments (Tables)
Note 14 - Investments (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Investments [Text Block] | (US dollars in thousands) % Owned 201 9 2018 2017 Innovative Solar Ventures I, LLC 50% - 14,147 - US-NC-31 Sponsor Partner, LLC 14.45% - - 10,529 US-NC-47 Sponsor Partner, LLC 10% - - 7,531 Total - 14,147 18,060 |
Note 15 - Cash and Cash Equiv_2
Note 15 - Cash and Cash Equivalents (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Cash and cash euivalents [Text Block] | (US dollars in thousands) 201 9 2018 2017 Cash at bank and in hand 4,522 1,939 10,970 |
Disclosure of credit risk exposure [text block] | (US dollars in thousands) 201 9 2018 2017 A+ 17 891 8,161 A 4 69 468 AA- 4,491 979 2,341 Total 4,522 1,939 10,970 |
Note 16 - Restricted Cash (Tabl
Note 16 - Restricted Cash (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Disclosure of restricted cash and cash equivalents [text block] | (US dollars in thousands) 2019 2018 2017 Bank guarantee security deposit 816 - - Preferred supplier agreement escrow 503 - - Total 1,319 - - |
Note 17 - Trade and Other Rec_2
Note 17 - Trade and Other Receivables (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Trade and other receivables [Text Block] | (US dollars in thousands) 201 9 2018 2017 Current receivables Trade receivables 5,899 5,333 5,248 Contract assets 1,800 120 13,183 Prepayments 628 391 563 Other receivables 2,072 2,059 722 Related party receivable - - 128 Total 10,399 7,903 19,844 Non-current receivables Loan due from associate - - 549 Other receivables - - 618 Total - - 1,167 |
Analysis of trade receivable [Text Block] | (US dollars in thousands) 2019 2018 2017 Trade and other receivables 5,929 5,335 5,250 Less: credit note provision (30 ) (2 ) (2 ) Total 5,899 5,333 5,248 |
Credit risk for trade receivables by geographic region [Text Block] | (US dollars in thousands) 2019 2018 2017 USA 78 129 - United Kingdom - 12 1,600 Australia 5,821 5,192 3,648 Total 5,899 5,333 5,248 |
Aging of trade receivables [Text Block] | (US dollars in thousands) 2019 2018 2017 0-90 days 5,765 5,326 5,092 Greater than 90 days 134 7 156 Total 5,899 5,333 5,248 |
Note 18 - Assets Classified a_2
Note 18 - Assets Classified as Held for Sale (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Assets held for sale [text block] | (US dollars in thousands) % Owned 201 9 2018 2017 Innovative Solar Ventures I, LLC 50% 13,530 - - US-NC-31 Sponsor Partner, LLC 14.45% - 6,595 - US-NC-47 Sponsor Partner, LLC 10% - 4,841 - Total 13,530 11,436 - |
Disclosure of joint ventures [text block] | (US dollars in thousands) 2019 2018 2017 Capital commitment 15,044 14,904 - Commission credit (770 ) (757 ) - Discontinued projects (848 ) - - Acquisition costs 104 - - Net assets 13,530 14,147 - (US dollars in thousands) 2019 2018 2017 Current assets 1,187 1,373 - Non-current assets 27,107 26,921 - Net assets 28,294 28,294 - (US dollars in thousands) 2019 2018 2017 Opening net assets 28,294 - - Initial investment - 29,808 - Commission credit - (1,514 ) - Net assets 28,294 28,294 - VivoPower share in % 50 % 50 % - VivoPower share in $ 14,148 14,147 - Commission credit (721 ) - - Acquisition costs 103 - - Net Assets 13,530 14,147 - |
Note 19 - Trade and Other Pay_2
Note 19 - Trade and Other Payables (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Trade and other payables [Text Block] | (US dollars in thousands) 2019 2018 2017 Trade payables 5,675 3,806 2,158 Accruals 1,952 3,008 1,297 Related party payable 1,378 1,838 1,445 Payroll liabilities 1,165 504 1,972 Sales tax payable 764 310 412 Contract liabilities 4,978 1,544 305 Other creditors 2,011 3,072 81 Treasury shares (see note 23 for further details) - - 592 Total 17,923 14,082 8,262 |
Note 20 - Provisions (Tables)
Note 20 - Provisions (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Provisions [Text Block] | (US dollars in thousands) 201 9 2018 2017 Current provisions Employee entitlements 1,459 1,474 1,339 Employee terminations 157 616 - Onerous contracts 94 380 - 1,710 2,470 1,339 Non-current provisions Employee entitlements 227 288 237 Onerous contracts 1,995 - - 2,222 288 237 Total 3,932 2,758 1,576 |
Disclosure of other provisions [text block] | (US dollars in thousands) Employee Entitlements Employee Terminations Onerous Contracts Total At April 1. 2016 - - - - Acquired through business Combinations 1,576 - - 1,576 At March 31, 2017 1,576 - - 1,576 Charged/(credited) to profit or loss: Additional provisions recognized 186 616 380 1,182 At March 31, 2018 1,762 616 380 2,758 Foreign exchange (140 ) - - (140 ) Charged/(credited) to profit or loss: Additional provisions 510 243 1,804 2,557 Reverse unused provisions (26 ) (87 ) - (113 ) Provisions utilized (420 ) (614 ) (96 ) (1,130 ) At March 31, 2019 1,686 158 2,088 3,932 |
Note 21 - Loans and Borrowings
Note 21 - Loans and Borrowings (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Disclosure of detailed information about borrowings [text block] | (US dollars in thousands) 201 9 2018 2017 Current liabilities Debtor invoice financing 751 - - Finance leases 136 285 145 Financing agreement - 2,000 - Shareholder loans - 1,670 - Bank loan - - 90 887 3,955 235 Non-current liabilities Shareholder loan 18,242 18,092 18,992 Finance leases 138 293 95 Bank loan - - 933 Total 18,380 18,385 20,020 Total 19,267 18,385 20,255 |
Disclosure of detailed information about the maturity of borrowings [text block] | <table border="0" cellpadding="0" cellspacing="0" style="margin-right: 5%; margin-left: 36pt; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px; min-; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-width: 1px; border-style: solid; border-color: rgb(0, 0, 0); width: 21.6%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display: inline; font-weight: bold;">(US dollars in </div></div> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display: inline; font-weight: bold;">thousands)</div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td colspan="10" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></div></div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">Minimum lease </div></div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">payments</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td colspan="11" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></div></div></div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;">Present value of </div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;">minimum lease payments</div></div> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td colspan="2" style="text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:right;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2019</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td colspan="2" style="text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:right;">2018</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td colspan="2" style="text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:right;">2017</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td colspan="2" style="text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:right;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2019</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td colspan="2" style="text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:right;">2018</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td colspan="2" style="text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:right;">2017</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Amounts payable under finance leases:</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Less than one year</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">147</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">291</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 36pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">165</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">136</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">285</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">145</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Later than one year but not more than five</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">143</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">327</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">107</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">138</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">293</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">95</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;"> </div></td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">290</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">618</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">272</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;"> </div></td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">274</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">578</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">240</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Future finance charges</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(16</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">)</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(40</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">)</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(32</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">)</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: " id="sjs-B5" xml:space="preserve"><div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="margin-right: 5%; margin-left: 36pt; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px; min-; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-width: 1px; border-style: solid; border-color: rgb(0, 0, 0); width: 21.6%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display: inline; font-weight: bold;">(US dollars in </div></div> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display: inline; font-weight: bold;">thousands)</div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td colspan="10" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></div></div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">Minimum lease </div></div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">payments</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td colspan="11" style="text-align: center; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></div></div></div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;">Present value of </div></div> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:center;"><div style="display: inline; font-weight: bold;">minimum lease payments</div></div> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td colspan="2" style="text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:right;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2019</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td colspan="2" style="text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:right;">2018</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td colspan="2" style="text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:right;">2017</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td colspan="2" style="text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:right;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">2019</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td colspan="2" style="text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:right;">2018</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td colspan="2" style="text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:right;">2017</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Amounts payable under finance leases:</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="text-align: left; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Less than one year</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">147</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">291</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 36pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">165</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">136</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">285</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">145</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Later than one year but not more than five</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">143</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">327</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">107</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">138</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">293</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">95</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;"> </div></td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">290</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">618</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">272</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;"> </div></td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">274</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">578</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">240</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div></td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Future finance charges</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(16</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">)</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(40</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">)</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 10%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(32</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">)</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: |
Note 22 - Called Up Share Cap_2
Note 22 - Called Up Share Capital (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Share capital [Text Block] | 201 9 2018 2017 Allotted, called up and fully paid Ordinary shares of $0.012 each as at 31 March $ 162,689 $ 162,689 $ 162,689 Number allotted Ordinary shares of $0.012 each 13,557,376 13,557,376 13,557,376 |
Share outstanding [Text Block] | No. of shares At April 1, 2016 5,514,375 Issue of new shares 8,043,001 At April 1, 201 7 13,557,376 Issue of new shares - At March 31, 201 8 13,557,376 Issue of new shares - At March 31, 201 9 13,557,376 |
Note 23 - Other Reserves (Table
Note 23 - Other Reserves (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Other reserves [Text Block] | <table border="0" cellpadding="0" cellspacing="0" style="margin-right: 5%; margin-left: 36pt; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px; min-; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-width: 1px; border-style: solid; border-color: rgb(0, 0, 0); width: 52%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display: inline; font-weight: bold;">(US dollars in thousands)</div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td colspan="2" style="text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:right;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">201</div><div style="display: inline; font-weight: bold;">9</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td colspan="2" style="text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:right;">2018</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td colspan="2" style="text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:right;">2017</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Equity instruments</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">26,090</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">25,072</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">25,072</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Share option reserve</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">3,713</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">3,713</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">3,713</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Capital raising costs</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(9,722</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">)</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(9,722</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">)</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(9,722</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">)</div> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Treasury shares</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(246</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">)</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(592</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">)</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(592</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">)</div> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Foreign exchange</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">11</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(88</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">)</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(142</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">)</div> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display: inline; font-weight: bold;">Total</div></div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;"> </div></td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">19,846</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">18,383</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">18,329</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"> </td> </tr> </table></div>" id="sjs-B4"><div style="display: inline; font-family: times new roman; font-size: 10pt"><table border="0" cellpadding="0" cellspacing="0" style="margin-right: 5%; margin-left: 36pt; font-size: 10pt; font-family: "Times New Roman", Times, serif; text-indent: 0px; min-; min-width: 700px;"> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-width: 1px; border-style: solid; border-color: rgb(0, 0, 0); width: 52%;"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display: inline; font-weight: bold;">(US dollars in thousands)</div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td colspan="2" style="text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:right;"><div style="display: inline; font-weight: bold;"><div style="display: inline; font-weight: bold;">201</div><div style="display: inline; font-weight: bold;">9</div></div></div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td colspan="2" style="text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:right;">2018</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> <td colspan="2" style="text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"> </div><div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:right;">2017</div> </td> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0); border-top: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Equity instruments</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">26,090</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">25,072</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">25,072</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Share option reserve</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">3,713</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">3,713</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">3,713</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Capital raising costs</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(9,722</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">)</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(9,722</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">)</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(9,722</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">)</div> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Treasury shares</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(246</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">)</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(592</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">)</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(592</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">)</div> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;">Foreign exchange</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">11</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(88</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">)</div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">(142</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> <div style=" font-family:'Times New Roman', Times, serif;font-size:10pt;margin:0pt;text-align:left;">)</div> </td> </tr> <tr style="vertical-align: bottom;"> <td style="font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); border-left: 1px solid rgb(0, 0, 0); border-right: 1px solid rgb(0, 0, 0);"> <div style=" font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-top: 0pt; margin-bottom: 0pt;"><div style="display: inline; font-weight: bold;">Total</div></div> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-weight: bold;"> </div></td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;"><div style="display: inline; font-weight: bold;">19,846</div></div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">18,383</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0);"> </td> <td style="width: 13%; text-align: right; font-family: "Times New Roman", Times, serif; font-size: 10pt; margin-left: 0pt; border-bottom: 1px solid rgb(0, 0, 0);"><div style="display: inline; font-style: italic; font-weight: inherit; font-style: normal;">18,329</div></td> <td nowrap="nowrap" style="width: 1%; font-family: "Times New Roman", Times, serif; font-size: 10pt; border-bottom: 1px solid rgb(0, 0, 0); margin-left: 0pt; border-right: 1px solid rgb(0, 0, 0);"> </td> </tr> </table></div> |
Note 24 - Earnings Per Share (T
Note 24 - Earnings Per Share (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Earnings per share [text block] | (US dollars in thousands) 201 9 2018 2017 Profit/(loss) for the year (11,223 ) (27,879 ) 5,581 Weighted average number of shares in issue (‘000s) 13,557 13,557 7,624 Basic earnings/(loss) per share (dollars) (0.83 ) (2.06 ) 0.73 Diluted earnings/(loss) per share (dollars) (0.83 ) (2.06 ) 0.73 |
Note 26 - Operating Lease Com_2
Note 26 - Operating Lease Commitments (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Disclosure of maturity analysis of operating lease payments [text block] | (US dollars in thousands) 201 9 2018 2017 Property Payable in less than one year 442 312 15 Payable between one and five years 222 - 159 Total 664 312 174 Motor vehicles Payable in less than one year 149 - - Payable between one and five years 547 - - Total 696 - - Other equipment - Payable in less than one year 8 16 - Payable between one and five years 16 5 - Total 24 21 - |
Note 28 - Financial Instrumen_2
Note 28 - Financial Instruments (Tables) | 12 Months Ended |
Mar. 31, 2019 | |
Statement Line Items [Line Items] | |
Disclosure of detailed information about financial instruments [text block] | (US dollars in thousands) 201 9 2018 2017 Financial assets at amortized cost Trade and other receivables 7,971 7,392 20,448 Cash and cash equivalents 4,522 1,939 10,970 Restricted cash 1,319 - - Total 13,812 9,331 31,418 Financial l iabilities at amortized cost Loans and borrowings 19,267 22,340 20,255 Trade and other payables 11,016 11,724 5,878 Total 30,283 34,064 26,133 |
Disclosure of detailed information about the maturity of financial liabilities [text block] | 2019 (US dollars in thousands) Total Less than 1 year 1-3 years 3-5 years More 5 years Contractual maturity of financial liabilities Trade and other payables (financial liabilities) 11,016 11,016 - - - Borrowings 22,480 2,556 19,924 - - Finance leases 290 147 143 - - Total 33,786 13,719 20,067 - - 2018 (US dollars in thousands) Total Less than 1 year 1-3 years 3-5 years More than 5 years Contractual maturity of financial liabilities Trade and other payables (financial liabilities) 11,724 11,724 - - - Borrowings 25,896 5,498 14,111 6,287 - Finance leases 619 291 328 - - Total 38,239 17,513 14,439 6,287 - |
Note 2 - Significant Accounti_2
Note 2 - Significant Accounting Policies (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | |||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | Mar. 31, 2016 | |
Statement Line Items [Line Items] | ||||
Total cash and cash equivalents | $ 4,522 | $ 1,939 | $ 10,970 | $ 28 |
Restricted cash expected to be released from financing initiative | 800 | |||
Additional working capital expected from financing initiative | 1,000 | |||
Investment in joint venture reclassified to assets held for sale | $ 13,500 | |||
Computer equipment [member] | ||||
Statement Line Items [Line Items] | ||||
Useful Lives of Property, Plant and Equipment | 3 years | |||
Fixtures and fittings [member] | ||||
Statement Line Items [Line Items] | ||||
Useful Lives of Property, Plant and Equipment | 3 years | |||
Motor vehicles [member] | ||||
Statement Line Items [Line Items] | ||||
Useful Lives of Property, Plant and Equipment | 5 years | |||
Bottom of range [member] | Plant and Equipment [Member] | ||||
Statement Line Items [Line Items] | ||||
Useful Lives of Property, Plant and Equipment | 3 years 182 days | |||
Bottom of range [member] | Leasehold improvements [member] | ||||
Statement Line Items [Line Items] | ||||
Useful Lives of Property, Plant and Equipment | 20 years | |||
Top of range [member] | Plant and Equipment [Member] | ||||
Statement Line Items [Line Items] | ||||
Useful Lives of Property, Plant and Equipment | 10 years | |||
Top of range [member] | Leasehold improvements [member] | ||||
Statement Line Items [Line Items] | ||||
Useful Lives of Property, Plant and Equipment | 40 years | |||
Customer-related intangible assets [member] | ||||
Statement Line Items [Line Items] | ||||
Useful Lives of Intangible Assets | 10 years | |||
Brand names [member] | Bottom of range [member] | ||||
Statement Line Items [Line Items] | ||||
Useful Lives of Intangible Assets | 15 years | |||
Brand names [member] | Top of range [member] | ||||
Statement Line Items [Line Items] | ||||
Useful Lives of Intangible Assets | 25 years | |||
Favorable supply contracts [Member] | ||||
Statement Line Items [Line Items] | ||||
Useful Lives of Intangible Assets | 15 years | |||
Technology-based intangible assets [member] | ||||
Statement Line Items [Line Items] | ||||
Useful Lives of Intangible Assets | 5 years | |||
Solar Development and Corporate segment [member] | ||||
Statement Line Items [Line Items] | ||||
Increase (decrease) in general and administrative expenses | $ (5,800) | |||
Percentage increase (decrease) in general and administrative expenses | (54.00%) | |||
General and administrative expense | $ 4,800 | $ 10,600 | ||
Restructuring plan, annual reduction in general and administrative expenses | 2,000 | |||
Critical Power Services segment [member] | ||||
Statement Line Items [Line Items] | ||||
Operating profit before amortization and depreciation | $ 2,600 |
Note 3 - Significant Accounti_2
Note 3 - Significant Accounting Judgements and Estimates (Details Textual) - USD ($) $ in Thousands | Mar. 31, 2019 | Mar. 31, 2018 |
Statement Line Items [Line Items] | ||
Deferred tax assets for unused tax losses | $ 1,005 | $ 1,585 |
Note 4 - Revenue and Segmenta_3
Note 4 - Revenue and Segmental Information (Details Textual) $ in Millions | 12 Months Ended | ||
Mar. 31, 2019USD ($) | Mar. 31, 2018 | Mar. 31, 2017 | |
Statement Line Items [Line Items] | |||
Number of Operating Segments | 3 | ||
Number of major customers representing more than 10 percent of revenue | 1 | 0 | 1 |
Critical Power Services segment [member] | |||
Statement Line Items [Line Items] | |||
Revenue recognized for major customers | $ 8.5 |
Note 4 - Revenue and Segmenta_4
Note 4 - Revenue and Segmental Information - Revenue by Geographic Location (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Statement Line Items [Line Items] | |||
Revenue | $ 39,036 | $ 33,647 | $ 32,250 |
AUSTRALIA | |||
Statement Line Items [Line Items] | |||
Revenue | 37,889 | 31,985 | 5,705 |
UNITED STATES | |||
Statement Line Items [Line Items] | |||
Revenue | 1,147 | 1,662 | 24,945 |
UNITED KINGDOM | |||
Statement Line Items [Line Items] | |||
Revenue | $ 1,600 |
Note 4 - Revenue and Segmenta_5
Note 4 - Revenue and Segmental Information - Revenue by Product and Service (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Statement Line Items [Line Items] | |||
Revenue | $ 39,036 | $ 33,647 | $ 32,250 |
Electrical equipment and related services [member] | |||
Statement Line Items [Line Items] | |||
Revenue | 37,799 | 31,631 | 5,615 |
Development fees [member] | |||
Statement Line Items [Line Items] | |||
Revenue | 90 | 828 | 24,555 |
Other [member] | |||
Statement Line Items [Line Items] | |||
Revenue | $ 1,147 | $ 1,188 | $ 2,080 |
Note 4 - Revenue and Segmenta_6
Note 4 - Revenue and Segmental Information - Segment Analysis (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Statement Line Items [Line Items] | |||
Revenue | $ 39,036 | $ 33,647 | $ 32,250 |
Costs of sales | (32,726) | (28,524) | (4,977) |
Gross profit | 6,310 | 5,123 | 27,273 |
General and administrative expenses | (7,685) | (12,814) | (9,316) |
Gain (loss) on sale of assets | (2,615) | 1,356 | |
Depreciation and amortization | (1,420) | (1,260) | (651) |
Operating profit/(loss) | (5,410) | (7,595) | 17,306 |
Restructuring costs | (2,017) | (1,873) | |
Impairment of assets | (10,191) | ||
Impairment of goodwill | (11,092) | ||
Transaction costs | (5,800) | ||
Finance expense - net | (3,239) | (3,386) | (587) |
Profit/(loss) before income tax | (10,666) | (34,137) | 10,919 |
Income tax | (557) | 6,258 | (5,338) |
Loss for the year | (11,223) | (27,879) | 5,581 |
Assets | 65,395 | 76,312 | 100,836 |
Liabilities | (41,410) | (39,309) | (36,230) |
Net assets | 23,985 | 37,003 | 64,606 |
Solar development segment [member] | |||
Statement Line Items [Line Items] | |||
Revenue | 37,800 | 31,807 | 5,614 |
Costs of sales | (32,317) | (27,482) | (4,948) |
Gross profit | 5,483 | 4,325 | 666 |
General and administrative expenses | (2,823) | (2,173) | (598) |
Gain (loss) on sale of assets | (30) | 213 | |
Depreciation and amortization | (1,272) | (1,233) | (646) |
Operating profit/(loss) | 1,358 | 1,132 | (578) |
Restructuring costs | (8) | (335) | |
Impairment of assets | |||
Impairment of goodwill | |||
Transaction costs | |||
Finance expense - net | (1,354) | (1,283) | (363) |
Profit/(loss) before income tax | (4) | (486) | (941) |
Income tax | (572) | (85) | 294 |
Loss for the year | (576) | (571) | (647) |
Assets | 29,538 | 34,421 | 24,268 |
Liabilities | (6,085) | (6,473) | (4,620) |
Net assets | 23,453 | 27,948 | 19,648 |
Power services segment [member] | |||
Statement Line Items [Line Items] | |||
Revenue | 1,236 | 1,840 | 26,636 |
Costs of sales | (409) | (1,042) | (29) |
Gross profit | 827 | 798 | 26,607 |
General and administrative expenses | (2,148) | (6,468) | (4,544) |
Gain (loss) on sale of assets | (2,585) | 1,143 | |
Depreciation and amortization | (140) | (19) | (4) |
Operating profit/(loss) | (4,046) | (4,546) | 22,059 |
Restructuring costs | 7 | (964) | |
Impairment of assets | (10,191) | ||
Impairment of goodwill | (11,092) | ||
Transaction costs | |||
Finance expense - net | (221) | (400) | (174) |
Profit/(loss) before income tax | (4,260) | (27,193) | 21,885 |
Income tax | 15 | 6,291 | (6,078) |
Loss for the year | (4,245) | (20,902) | 15,807 |
Assets | 35,472 | 41,270 | 42,235 |
Liabilities | (13,603) | (11,101) | (27,858) |
Net assets | 21,869 | 30,169 | 14,377 |
Corporate office segment [member] | |||
Statement Line Items [Line Items] | |||
Revenue | |||
Costs of sales | |||
Gross profit | |||
General and administrative expenses | (2,714) | (4,173) | (4,174) |
Gain (loss) on sale of assets | |||
Depreciation and amortization | (8) | (8) | (1) |
Operating profit/(loss) | (2,722) | (4,181) | (4,454) |
Restructuring costs | (2,016) | (574) | |
Impairment of assets | |||
Impairment of goodwill | |||
Transaction costs | (5,800) | ||
Finance expense - net | (1,664) | (1,703) | (50) |
Profit/(loss) before income tax | (6,402) | (6,458) | (10,025) |
Income tax | 52 | 446 | |
Loss for the year | (6,402) | (6,406) | (9,579) |
Assets | 385 | 621 | 34,333 |
Liabilities | (21,722) | (21,735) | (3,752) |
Net assets | $ (21,337) | $ (21,114) | $ 30,581 |
Note 5 - Loss on Sale of Asse_2
Note 5 - Loss on Sale of Assets (Details Textual) - USD ($) $ in Thousands | May 25, 2018 | Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 |
Statement Line Items [Line Items] | ||||
Net gains (losses) on disposals of property, plant and equipment | $ (2,615) | $ 1,356 | ||
Sale of minority equity investments [member] | ||||
Statement Line Items [Line Items] | ||||
Net gains (losses) on disposals of property, plant and equipment | $ 400 | |||
Proceeds from sales of investments other than investments accounted for using equity method | $ 11,400 | |||
NC-31 project [member] | ||||
Statement Line Items [Line Items] | ||||
Percentage of equity interests sold | 14.50% | |||
NC-47 project [member] | ||||
Statement Line Items [Line Items] | ||||
Percentage of equity interests sold | 10.00% | |||
Contracts related to SREC's from NC projects [member] | ||||
Statement Line Items [Line Items] | ||||
Net gains (losses) on disposals of property, plant and equipment | (1,900) | |||
Discontinued solar development projects in ISS Joint Venture [member] | ||||
Statement Line Items [Line Items] | ||||
Net gains (losses) on disposals of property, plant and equipment | $ (800) | |||
Amaroo solar project in Australia [member] | ||||
Statement Line Items [Line Items] | ||||
Net gains (losses) on disposals of property, plant and equipment | 300 | |||
NC projects [member] | ||||
Statement Line Items [Line Items] | ||||
Net gains (losses) on disposals of property, plant and equipment | $ 400 |
Note 6 - Operating Loss Profit
Note 6 - Operating Loss Profit - Charges to Operating Profit (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Statement Line Items [Line Items] | |||
Amortization of intangible assets | $ 990 | $ 840 | $ 548 |
Depreciation of property, plant and equipment | 430 | 420 | 103 |
Gain/(loss) on foreign exchange | 59 | ||
Auditors’ remuneration – audit fees | 253 | 414 | 246 |
Auditors’ remuneration – audit related services | 26 | 57 | |
Auditors’ remuneration – tax services | 28 | 13 | |
Directors emoluments | 611 | 1,131 | 1,705 |
(Loss)/gain on disposal of assets | (2,615) | 1,356 | |
Land and buildings [member] | |||
Statement Line Items [Line Items] | |||
Operating lease costs – land and buildings | 548 | 304 | 174 |
Vehicles [member] | |||
Statement Line Items [Line Items] | |||
Operating lease costs – land and buildings | 65 | ||
Other property, plant and equipment [member] | |||
Statement Line Items [Line Items] | |||
Operating lease costs – land and buildings | $ 33 |
Note 7 - Restructuring Costs -
Note 7 - Restructuring Costs - Restructuring Costs (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Statement Line Items [Line Items] | |||
Restructuring costs | $ 2,017 | $ 1,873 | |
Restructuring provision, workforce reduction [member] | |||
Statement Line Items [Line Items] | |||
Restructuring costs | 102 | 734 | |
Restructuring provision, professional fees [member] | |||
Statement Line Items [Line Items] | |||
Restructuring costs | 1,776 | 566 | |
Resturcturing provision, terminated projects [member] | |||
Statement Line Items [Line Items] | |||
Restructuring costs | $ 139 | $ 573 |
Note 8 - Staff Numbers and Co_3
Note 8 - Staff Numbers and Costs (Details Textual) | 12 Months Ended | ||
Mar. 31, 2019USD ($) | Mar. 31, 2018USD ($) | Mar. 31, 2017USD ($) | |
Statement Line Items [Line Items] | |||
Key management personnel compensation, short-term employee benefits | $ 2,354,000 | $ 2,281,000 | $ 3,014,000 |
Directors [Member] | |||
Statement Line Items [Line Items] | |||
Key management personnel compensation, short-term employee benefits | 611,450 | 1,130,570 | 1,704,809 |
Highest Paid Director [Member] | |||
Statement Line Items [Line Items] | |||
Key management personnel compensation, short-term employee benefits | $ 254,084 | $ 407,682 | $ 1,297,504 |
Key management personnel of entity or parent [member] | |||
Statement Line Items [Line Items] | |||
Number of employees | 10 | 11 | 11 |
Note 8 - Staff Numbers and Co_4
Note 8 - Staff Numbers and Costs - Average Number of Employees (Details) | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Statement Line Items [Line Items] | |||
Average number of employees | 179 | 194 | 43 |
Sales and Business Development [Member] | |||
Statement Line Items [Line Items] | |||
Average number of employees | 9 | 9 | 5 |
Central Services and Management [Member] | |||
Statement Line Items [Line Items] | |||
Average number of employees | 32 | 37 | 12 |
Production [Member] | |||
Statement Line Items [Line Items] | |||
Average number of employees | 138 | 148 | 26 |
Note 8 - Staff Numbers and Co_5
Note 8 - Staff Numbers and Costs - Aggregate Remuneration Costs (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Statement Line Items [Line Items] | |||
Salaries, wages and incentives | $ 14,327 | $ 14,299 | $ 5,605 |
Social security costs | 1,044 | 834 | 398 |
Pension contributions | 788 | 848 | 196 |
Short-term compensated absences | 1,254 | 996 | 403 |
Total | $ 17,412 | $ 16,977 | $ 6,602 |
Note 8 - Staff Numbers and Co_6
Note 8 - Staff Numbers and Costs - Key Management Personnel Expenses (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Statement Line Items [Line Items] | |||
Salaries, wages and incentives | $ 2,354 | $ 2,281 | $ 3,014 |
Social security costs | 176 | 217 | 194 |
Pension contributions | 45 | 64 | 39 |
Equity incentives | 130 | ||
Short-term compensated absences | 13 | 101 | |
Total | $ 2,705 | $ 2,575 | $ 3,348 |
Note 9 - Finance Income and E_3
Note 9 - Finance Income and Expense - Finance Income and Expense (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Statement Line Items [Line Items] | |||
Interest received | $ 4 | $ 9 | $ 13 |
Related party loan interest payable | 1,588 | 1,636 | 171 |
Convertible loan notes and preference shares interest payable | 1,284 | 1,220 | 358 |
Financing agreement finance cost payable | 206 | 217 | |
Debtor invoice finance cost payable | 164 | ||
Finance lease interest payable | 1 | 55 | |
Bank interest payable | 17 | 5 | |
Foreign exchange losses | 93 | 2 | |
Other finance costs | 157 | 58 | |
Total | $ 3,243 | $ 3,395 | $ 600 |
Note 10 - Income Tax Expenses -
Note 10 - Income Tax Expenses - Tax Charge (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Statement Line Items [Line Items] | |||
Current tax | $ (188) | $ 2,250 | $ (2,361) |
Deferred tax | (369) | 4,008 | (2,977) |
Total income tax for the year recognized in the Consolidated Statement of Comprehensive Income | (557) | 6,258 | (5,338) |
Country of domicile [member] | |||
Statement Line Items [Line Items] | |||
Current tax | 29 | (29) | |
Deferred tax | 267 | (370) | 451 |
Foreign countries [member] | |||
Statement Line Items [Line Items] | |||
Current tax | (217) | 2,279 | (2,361) |
Deferred tax | $ (636) | $ 4,378 | $ (3,428) |
Note 10 - Income Tax Expenses_2
Note 10 - Income Tax Expenses - Reconciliation of Income Tax Expenses (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Statement Line Items [Line Items] | |||
(Loss)/profit before income tax | $ (10,666) | $ (34,137) | $ 10,919 |
Group weighted average corporation tax rate | 21.80% | 22.80% | 20.00% |
Tax at standard rate | $ 2,325 | $ 7,772 | $ (2,184) |
Expenses that are not deductible for tax purposes | 41 | (3,872) | (20) |
Adjustment to prior year tax provisions | (64) | 2,358 | |
Deferred tax assets not recognized on tax losses | (2,859) | ||
Tax rates of subsidiaries operating in other jurisdictions | (3,108) | ||
Change in tax rates | (26) | ||
Total income tax for the year recognized in the Consolidated Statement of Comprehensive Income | $ (557) | $ 6,258 | $ (5,338) |
Note 10 - Income Tax Expenses_3
Note 10 - Income Tax Expenses - Deferred Tax (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 |
Statement Line Items [Line Items] | |||
Deferred tax assets | $ 2,054 | $ 2,570 | $ 2,312 |
Deferred tax liabilities | (1) | (26) | (3,776) |
Net deferred tax asset/(liability) | $ 2,053 | $ 2,544 | $ (1,464) |
Note 10 - Income Tax Expenses_4
Note 10 - Income Tax Expenses - Deferred Tax Assets and Liabilities (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Statement Line Items [Line Items] | |||
April 1, 2016 | $ (2,544) | $ 1,464 | |
March 31, 2017 | (2,053) | (2,544) | $ 1,464 |
Deferred Tax Liabilities [Member] | |||
Statement Line Items [Line Items] | |||
April 1, 2016 | (26) | (3,776) | |
Credit/(charged) to comprehensive income | 25 | 3,750 | (3,776) |
March 31, 2017 | (1) | (26) | (3,776) |
Deferred Tax Assets [Member] | |||
Statement Line Items [Line Items] | |||
April 1, 2016 | 2,570 | 2,312 | |
Credit/(charged) to comprehensive income | (516) | 258 | 739 |
Acquisition | 1,573 | ||
March 31, 2017 | 2,054 | 2,570 | 2,312 |
Unused tax losses [member] | Deferred Tax Assets [Member] | |||
Statement Line Items [Line Items] | |||
April 1, 2016 | 1,585 | 2,312 | |
Credit/(charged) to comprehensive income | (580) | (727) | 739 |
Acquisition | 1,573 | ||
March 31, 2017 | 1,005 | 1,585 | 2,312 |
Allowance for credit losses [member] | Deferred Tax Liabilities [Member] | |||
Statement Line Items [Line Items] | |||
April 1, 2016 | (8) | (13) | |
Credit/(charged) to comprehensive income | 7 | 5 | (13) |
March 31, 2017 | (1) | (8) | (13) |
Other temporary differences [member] | Deferred Tax Liabilities [Member] | |||
Statement Line Items [Line Items] | |||
April 1, 2016 | (18) | (3,763) | |
Credit/(charged) to comprehensive income | 18 | 3,745 | (3,763) |
March 31, 2017 | (18) | (3,763) | |
Other temporary differences [member] | Deferred Tax Assets [Member] | |||
Statement Line Items [Line Items] | |||
April 1, 2016 | 985 | ||
Credit/(charged) to comprehensive income | 64 | 985 | |
Acquisition | |||
March 31, 2017 | $ 1,049 | $ 985 |
Note 11 - Property, Plant and_3
Note 11 - Property, Plant and Equipment (Details Textual) - USD ($) | Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 |
Statement Line Items [Line Items] | |||
Property, plant and equipment at end of period | $ 1,205,000 | $ 1,915,000 | $ 2,163,000 |
Property, plant and equipment under operating leases [member] | |||
Statement Line Items [Line Items] | |||
Property, plant and equipment at end of period | $ 600,000 | $ 600,000 | $ 300,000 |
Note 11 - Property, Plant and_4
Note 11 - Property, Plant and Equipment - Property, Plant and Equipment (Details) - USD ($) | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Statement Line Items [Line Items] | |||
Property, plant and equipment | $ 1,915,000 | $ 2,163,000 | |
Property, plant and equipment | 1,205,000 | 1,915,000 | $ 2,163,000 |
Property, plant and equipment | 1,915,000 | 2,163,000 | 2,163,000 |
Accumulated depreciation and amortisation [member] | |||
Statement Line Items [Line Items] | |||
Property, plant and equipment | 2,418,000 | 2,053,000 | |
Additions | 430,000 | 420,000 | 103,000 |
Acquisition | 1,950 | ||
Foreign exchange | (191,000) | 12,000 | |
Disposals | (486,000) | (67,000) | |
Property, plant and equipment | 2,172,000 | 2,418,000 | 2,053,000 |
Property, plant and equipment | 2,418,000 | 2,053,000 | |
Gross carrying amount [member] | |||
Statement Line Items [Line Items] | |||
Property, plant and equipment | 4,333,000 | 4,216,000 | 3,000 |
Additions | 348,000 | 1,101,000 | 94,000 |
Acquisition | 4,119,000 | ||
Foreign exchange | (319,000) | 26,000 | |
Disposals | (985,000) | (1,010,000) | |
Property, plant and equipment | 3,377,000 | 4,333,000 | 4,216,000 |
Property, plant and equipment | 4,333,000 | 4,216,000 | 3,000 |
Computer equipment [member] | |||
Statement Line Items [Line Items] | |||
Property, plant and equipment | 220,000 | 198,000 | |
Property, plant and equipment | 163,000 | 220,000 | 198,000 |
Property, plant and equipment | 220,000 | 198,000 | 198,000 |
Computer equipment [member] | Accumulated depreciation and amortisation [member] | |||
Statement Line Items [Line Items] | |||
Property, plant and equipment | 422,000 | 327,000 | |
Additions | 89,000 | 97,000 | 24,000 |
Acquisition | 303,000 | ||
Foreign exchange | (34,000) | 2,000 | |
Disposals | (97,000) | (4,000) | |
Property, plant and equipment | 380,000 | 422,000 | 327,000 |
Property, plant and equipment | 422,000 | 327,000 | |
Computer equipment [member] | Gross carrying amount [member] | |||
Statement Line Items [Line Items] | |||
Property, plant and equipment | 642,000 | 525,000 | 3,000 |
Additions | 73,000 | 121,000 | 34,000 |
Acquisition | 488,000 | ||
Foreign exchange | (46,000) | 3,000 | |
Disposals | (126,000) | (7,000) | |
Property, plant and equipment | 543,000 | 642,000 | 525,000 |
Property, plant and equipment | 642,000 | 525,000 | 3,000 |
Motor vehicles [member] | |||
Statement Line Items [Line Items] | |||
Property, plant and equipment | 824,000 | 605,000 | |
Property, plant and equipment | 550,000 | 824,000 | 605,000 |
Property, plant and equipment | 824,000 | 605,000 | 605,000 |
Motor vehicles [member] | Accumulated depreciation and amortisation [member] | |||
Statement Line Items [Line Items] | |||
Property, plant and equipment | 1,173,000 | 1,027,000 | |
Additions | 222,000 | 203,000 | 45,000 |
Acquisition | 982,000 | ||
Foreign exchange | (93,000) | 6,000 | |
Disposals | (223,000) | (63,000) | |
Property, plant and equipment | 1,079,000 | 1,173,000 | 1,027,000 |
Property, plant and equipment | 1,173,000 | 1,027,000 | |
Motor vehicles [member] | Gross carrying amount [member] | |||
Statement Line Items [Line Items] | |||
Property, plant and equipment | 1,997,000 | 1,632,000 | |
Additions | 55,000 | 437,000 | 44,000 |
Acquisition | 1,588,000 | ||
Foreign exchange | (148,000) | 10,000 | |
Disposals | (275,000) | (82,000) | |
Property, plant and equipment | 1,629,000 | 1,997,000 | 1,632,000 |
Property, plant and equipment | 1,997,000 | 1,632,000 | |
Plant and Equipment [Member] | |||
Statement Line Items [Line Items] | |||
Property, plant and equipment | 759,000 | 1,242,000 | |
Property, plant and equipment | 383,000 | 759,000 | 1,242,000 |
Property, plant and equipment | 759,000 | 1,242,000 | 1,242,000 |
Plant and Equipment [Member] | Accumulated depreciation and amortisation [member] | |||
Statement Line Items [Line Items] | |||
Property, plant and equipment | 761,000 | 650,000 | |
Additions | 106,000 | 107,000 | 31,000 |
Acquisition | 619,000 | ||
Foreign exchange | (59,000) | 4,000 | |
Disposals | (165,000) | ||
Property, plant and equipment | 644,000 | 761,000 | 650,000 |
Property, plant and equipment | 761,000 | 650,000 | |
Plant and Equipment [Member] | Gross carrying amount [member] | |||
Statement Line Items [Line Items] | |||
Property, plant and equipment | 1,520,000 | 1,892,000 | |
Additions | 205,000 | 537,000 | 16,000 |
Acquisition | 1,876,000 | ||
Foreign exchange | (112,000) | 12,000 | |
Disposals | (584,000) | (921,000) | |
Property, plant and equipment | 1,029,000 | 1,520,000 | 1,892,000 |
Property, plant and equipment | 1,520,000 | 1,892,000 | |
Leasehold improvements [member] | |||
Statement Line Items [Line Items] | |||
Property, plant and equipment | 108,000 | 115,000 | |
Property, plant and equipment | 101,000 | 108,000 | 115,000 |
Property, plant and equipment | 108,000 | 115,000 | 115,000 |
Leasehold improvements [member] | Accumulated depreciation and amortisation [member] | |||
Statement Line Items [Line Items] | |||
Property, plant and equipment | 53,000 | 41,000 | |
Additions | 11,000 | 12,000 | 3,000 |
Acquisition | 38,000 | ||
Foreign exchange | (4,000) | ||
Disposals | |||
Property, plant and equipment | 59,000 | 53,000 | 41,000 |
Property, plant and equipment | 53,000 | 41,000 | |
Leasehold improvements [member] | Gross carrying amount [member] | |||
Statement Line Items [Line Items] | |||
Property, plant and equipment | 161,000 | 156,000 | |
Additions | 11,000 | 4,000 | |
Acquisition | 156,000 | ||
Foreign exchange | (12,000) | 1,000 | |
Disposals | |||
Property, plant and equipment | 160,000 | 161,000 | 156,000 |
Property, plant and equipment | 161,000 | 156,000 | |
Fixtures and fittings [member] | |||
Statement Line Items [Line Items] | |||
Property, plant and equipment | 4,000 | 3,000 | |
Property, plant and equipment | 7,000 | 4,000 | 3,000 |
Property, plant and equipment | 4,000 | 3,000 | 3,000 |
Fixtures and fittings [member] | Accumulated depreciation and amortisation [member] | |||
Statement Line Items [Line Items] | |||
Property, plant and equipment | 9,000 | 8,000 | |
Additions | 1,000 | 1,000 | |
Acquisition | 8,000 | ||
Foreign exchange | (1,000) | ||
Disposals | |||
Property, plant and equipment | 9,000 | 9,000 | 8,000 |
Property, plant and equipment | 9,000 | 8,000 | |
Fixtures and fittings [member] | Gross carrying amount [member] | |||
Statement Line Items [Line Items] | |||
Property, plant and equipment | 13,000 | 11,000 | |
Additions | 4,000 | 2,000 | |
Acquisition | 11,000 | ||
Foreign exchange | (1,000) | ||
Disposals | |||
Property, plant and equipment | 16,000 | 13,000 | 11,000 |
Property, plant and equipment | $ 13,000 | $ 11,000 |
Note 12 - Intangible Assets (De
Note 12 - Intangible Assets (Details Textual) $ in Thousands | 12 Months Ended | ||
Mar. 31, 2019USD ($) | Mar. 31, 2018USD ($) | Mar. 31, 2017USD ($) | |
Statement Line Items [Line Items] | |||
Adjustments for impairment loss recognised in profit or loss, goodwill | $ 11,092 | ||
Customer-related intangible assets [member] | |||
Statement Line Items [Line Items] | |||
Remaining amortisation period of intangible assets material to entity | 10 | ||
Brand names [member] | |||
Statement Line Items [Line Items] | |||
Remaining amortisation period of intangible assets material to entity | 13 | ||
Favorable supply contracts [Member] | |||
Statement Line Items [Line Items] | |||
Remaining amortisation period of intangible assets material to entity | 13 | ||
Aevitas O Holdings Limited [Member] | |||
Statement Line Items [Line Items] | |||
Adjustments for impairment loss recognised in profit or loss, goodwill | $ 0 | ||
Goodwill, measurement input, discount rate | 8.80% | 9.20% | 8.30% |
VivoPower PTY Limited [Member] | |||
Statement Line Items [Line Items] | |||
Adjustments for impairment loss recognised in profit or loss, goodwill | $ 0 | ||
Goodwill, measurement input, discount rate | 11.00% | 12.10% | 10.60% |
Goodwill, measurement input, discount rate after next year | 3.00% |
Note 12 - Intangible Assets - I
Note 12 - Intangible Assets - Intangible Assets (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | Mar. 31, 2016 |
Statement Line Items [Line Items] | ||||
Goodwill | $ 22,622 | $ 24,482 | $ 30,393 | |
Other intangible assets | 9,744 | 11,920 | 15,927 | |
Carrying value at March 31 | $ 32,366 | $ 36,402 | $ 46,320 |
Note 12 - Intangible Assets - G
Note 12 - Intangible Assets - Goodwill (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Statement Line Items [Line Items] | |||
As at April 1 | $ 24,482 | $ 30,393 | |
Revaluations | 3,597 | ||
Goodwill previously not recognized | 627 | ||
Impairment of goodwill | (11,092) | ||
Reclassifications | 138 | ||
Additions | 30,024 | ||
Foreign exchange | (1,860) | 819 | 369 |
Carrying value at March 31 | $ 22,622 | $ 24,482 | $ 30,393 |
Note 12 - Intangible Assets - C
Note 12 - Intangible Assets - Carrying Amounts of Goodwill by Cash-generating Units (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | Mar. 31, 2016 |
Statement Line Items [Line Items] | ||||
Goodwill | $ 22,622 | $ 24,482 | $ 30,393 | |
Aevitas O Holdings Limited [Member] | ||||
Statement Line Items [Line Items] | ||||
Goodwill | 12,884 | 13,949 | 9,800 | |
VivoPower PTY Limited [Member] | ||||
Statement Line Items [Line Items] | ||||
Goodwill | $ 9,738 | $ 10,533 | $ 20,593 |
Note 12 - Intangible Assets - O
Note 12 - Intangible Assets - Other Intangible Assets (Details) - USD ($) | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Statement Line Items [Line Items] | |||
Other Intangible Assets | $ 11,920,000 | $ 15,927,000 | |
Other Intangible Assets | 9,744,000 | 11,920,000 | $ 15,927,000 |
Customer-related intangible assets [member] | |||
Statement Line Items [Line Items] | |||
Other Intangible Assets | 5,122,000 | 9,606,000 | |
Other Intangible Assets | 4,033 | 5,122,000 | 9,606,000 |
Brand names [member] | |||
Statement Line Items [Line Items] | |||
Other Intangible Assets | 2,443,000 | 2,445,000 | |
Other Intangible Assets | 2,092 | 2,443,000 | 2,445,000 |
Favorable supply contracts [Member] | |||
Statement Line Items [Line Items] | |||
Other Intangible Assets | 4,171,000 | 2,366,000 | |
Other Intangible Assets | 3,572,000 | 4,171,000 | 2,366,000 |
Data Bases [Member] | |||
Statement Line Items [Line Items] | |||
Other Intangible Assets | 86,000 | 698,000 | |
Other Intangible Assets | 31,000 | 86,000 | 698,000 |
Other intangible assets [member] | |||
Statement Line Items [Line Items] | |||
Other Intangible Assets | 98,000 | 812,000 | |
Other Intangible Assets | 16,000 | 98,000 | 812,000 |
Accumulated depreciation and amortisation [member] | |||
Statement Line Items [Line Items] | |||
Other Intangible Assets | 1,388,000 | 548,000 | |
Additions | 990,000 | 840,000 | 548,000 |
Foreign exchange | (141,000) | ||
Disposals | (21,000) | ||
Other Intangible Assets | 2,216,000 | 1,388,000 | 548,000 |
Amortization | 990,000 | 840,000 | 548,000 |
Accumulated depreciation and amortisation [member] | Customer-related intangible assets [member] | |||
Statement Line Items [Line Items] | |||
Other Intangible Assets | 677,000 | 347,000 | |
Additions | 483,000 | 330,000 | 347,000 |
Foreign exchange | (75,000) | ||
Disposals | (21,000) | ||
Other Intangible Assets | 1,064,000 | 677,000 | 347,000 |
Amortization | 483,000 | 330,000 | 347,000 |
Accumulated depreciation and amortisation [member] | Brand names [member] | |||
Statement Line Items [Line Items] | |||
Other Intangible Assets | 237,000 | 43,000 | |
Additions | 169,000 | 194,000 | 43,000 |
Foreign exchange | (22,000) | ||
Disposals | |||
Other Intangible Assets | 384,000 | 237,000 | 43,000 |
Amortization | 169,000 | 194,000 | 43,000 |
Accumulated depreciation and amortisation [member] | Favorable supply contracts [Member] | |||
Statement Line Items [Line Items] | |||
Other Intangible Assets | 406,000 | 122,000 | |
Additions | 289,000 | 284,000 | 122,000 |
Foreign exchange | (38,000) | ||
Disposals | |||
Other Intangible Assets | 657,000 | 406,000 | 122,000 |
Amortization | 289,000 | 284,000 | 122,000 |
Accumulated depreciation and amortisation [member] | Data Bases [Member] | |||
Statement Line Items [Line Items] | |||
Other Intangible Assets | 68,000 | 36,000 | |
Additions | 49,000 | 32,000 | 36,000 |
Foreign exchange | (6,000) | ||
Disposals | |||
Other Intangible Assets | 111,000 | 68,000 | 36,000 |
Amortization | 49,000 | 32,000 | 36,000 |
Accumulated depreciation and amortisation [member] | Other intangible assets [member] | |||
Statement Line Items [Line Items] | |||
Other Intangible Assets | |||
Additions | |||
Foreign exchange | |||
Disposals | |||
Other Intangible Assets | |||
Amortization | |||
Gross carrying amount [member] | |||
Statement Line Items [Line Items] | |||
Other Intangible Assets | 13,308,000 | 16,475,000 | |
Additions | 98,000 | 16,475,000 | |
Foreign exchange | (1,013,000) | 332,000 | |
Revaluation | (3,597,000) | ||
Disposals | (335,000) | ||
Other Intangible Assets | 11,960,000 | 13,308,000 | 16,475,000 |
Amortization | 98,000 | 16,475,000 | |
Gross carrying amount [member] | Customer-related intangible assets [member] | |||
Statement Line Items [Line Items] | |||
Other Intangible Assets | 5,799,000 | 9,953,000 | |
Additions | 9,953,000 | ||
Foreign exchange | (439,000) | 139,000 | |
Revaluation | (4,293,000) | ||
Disposals | (263,000) | ||
Other Intangible Assets | 5,097,000 | 5,799,000 | 9,953,000 |
Amortization | 9,953,000 | ||
Gross carrying amount [member] | Brand names [member] | |||
Statement Line Items [Line Items] | |||
Other Intangible Assets | 2,680,000 | 2,488,000 | |
Additions | 2,488,000 | ||
Foreign exchange | (204,000) | 63,000 | |
Revaluation | 129,000 | ||
Disposals | |||
Other Intangible Assets | 2,476,000 | 2,680,000 | 2,488,000 |
Amortization | 2,488,000 | ||
Gross carrying amount [member] | Favorable supply contracts [Member] | |||
Statement Line Items [Line Items] | |||
Other Intangible Assets | 4,577,000 | 2,488,000 | |
Additions | 2,488,000 | ||
Foreign exchange | (348,000) | 126,000 | |
Revaluation | 1,963,000 | ||
Disposals | |||
Other Intangible Assets | 4,229,000 | 4,577,000 | 2,488,000 |
Amortization | 2,488,000 | ||
Gross carrying amount [member] | Data Bases [Member] | |||
Statement Line Items [Line Items] | |||
Other Intangible Assets | 154,000 | 734,000 | |
Additions | 734,000 | ||
Foreign exchange | (12,000) | 4,000 | |
Revaluation | (584,000) | ||
Disposals | |||
Other Intangible Assets | 142,000 | 154,000 | 734,000 |
Amortization | 734,000 | ||
Gross carrying amount [member] | Other intangible assets [member] | |||
Statement Line Items [Line Items] | |||
Other Intangible Assets | 98,000 | 812,000 | |
Additions | 98,000 | 812,000 | |
Foreign exchange | (11,000) | ||
Revaluation | (812,000) | ||
Disposals | (72,000) | ||
Other Intangible Assets | $ 16,000 | 98,000 | 812,000 |
Amortization | $ 98,000 | $ 812,000 |
Note 13 - Investment in Subsi_3
Note 13 - Investment in Subsidiaries (Details Textual) | 12 Months Ended | |
Mar. 31, 2019 | ||
V.V.P. Holdings Inc. [Member] | ||
Statement Line Items [Line Items] | ||
Proportion of ownership interest in subsidiary | 40.00% | [1] |
[1] | V.V.P. Holdings Inc. is controlled of VivoPower Singapore Pte Limited notwithstanding only owning 40% of the ordinary share capital. |
Note 13 - Investment in Subsi_4
Note 13 - Investment in Subsidiaries - Subsidiaries (Details) | 12 Months Ended | |
Mar. 31, 2019 | ||
VivoPower PTY Limited [Member] | ||
Statement Line Items [Line Items] | ||
Proportion of ownership interest in subsidiary | 100.00% | |
Registered address | 153 Walker St, North Sydney NSW, Australia 2060 | |
VivoPower International Services Limited [Member] | ||
Statement Line Items [Line Items] | ||
Proportion of ownership interest in subsidiary | 100.00% | |
Registered address | 28 Esplanade, St Helier, Jersey, JE2 3QA | |
VivoPower WA Pty Limited [Member] | ||
Statement Line Items [Line Items] | ||
Proportion of ownership interest in subsidiary | 100.00% | |
Registered address | 153 Walker St, North Sydney NSW, Australia 2060 | |
VivoPower USA LLC [Member] | ||
Statement Line Items [Line Items] | ||
Proportion of ownership interest in subsidiary | 100.00% | |
Registered address | 251 Little Falls Drive, Wilmington, DE, USA 19808 | |
VVP Project 1 Pty Limited [Member] | ||
Statement Line Items [Line Items] | ||
Proportion of ownership interest in subsidiary | 100.00% | |
Registered address | 153 Walker St, North Sydney NSW, Australia 2060 | |
VivoRex LLC [member] | ||
Statement Line Items [Line Items] | ||
Proportion of ownership interest in subsidiary | 100.00% | |
Registered address | 251 Little Falls Drive, Wilmington, DE, USA 19808 | |
Amaroo Solar Pty Limited [Member] | ||
Statement Line Items [Line Items] | ||
Proportion of ownership interest in subsidiary | 100.00% | |
Registered address | 153 Walker St, North Sydney NSW, Australia 2060 | |
VivoPower US-NC-31, LLC [member] | ||
Statement Line Items [Line Items] | ||
Proportion of ownership interest in subsidiary | 100.00% | |
Registered address | 251 Little Falls Drive, Wilmington, DE, USA 19808 | |
SC Tco Pty Limited [Member] | ||
Statement Line Items [Line Items] | ||
Proportion of ownership interest in subsidiary | 100.00% | |
Registered address | 153 Walker St, North Sydney NSW, Australia 2060 | |
VivoPower US-NC-47, LLC [member] | ||
Statement Line Items [Line Items] | ||
Proportion of ownership interest in subsidiary | 100.00% | |
Registered address | 251 Little Falls Drive, Wilmington, DE, USA 19808 | |
SC Hco Pty Limited [Member] | ||
Statement Line Items [Line Items] | ||
Proportion of ownership interest in subsidiary | 100.00% | |
Registered address | 153 Walker St, North Sydney NSW, Australia 2060 | |
VivoPower (USA) Development, LLC [member] | ||
Statement Line Items [Line Items] | ||
Proportion of ownership interest in subsidiary | 100.00% | |
Registered address | 251 Little Falls Drive, Wilmington, DE, USA 19808 | |
SC Fco Pty Limited [Member] | ||
Statement Line Items [Line Items] | ||
Proportion of ownership interest in subsidiary | 100.00% | |
Registered address | 153 Walker St, North Sydney NSW, Australia 2060 | |
Innovative Solar Ventures I, LLC [member] | ||
Statement Line Items [Line Items] | ||
Proportion of ownership interest in subsidiary | 50.00% | |
Registered address | 251 Little Falls Drive, Wilmington, DE, USA 19808 | |
SC Oco Pty Limited [Member] | ||
Statement Line Items [Line Items] | ||
Proportion of ownership interest in subsidiary | 100.00% | |
Registered address | 153 Walker St, North Sydney NSW, Australia 2060 | |
VVPR-ITP Top Co Pty Limited [member] | ||
Statement Line Items [Line Items] | ||
Proportion of ownership interest in subsidiary | 50.00% | |
Registered address | 153 Walker St, North Sydney NSW, Australia 2060 | |
VVPR-ITP Project Co Pty Limited [member] | ||
Statement Line Items [Line Items] | ||
Proportion of ownership interest in subsidiary | 20.00% | |
Registered address | 153 Walker St, North Sydney NSW, Australia 2060 | |
Aevitas O Holdings Pty Limited [Member] | ||
Statement Line Items [Line Items] | ||
Proportion of ownership interest in subsidiary | 100.00% | |
Registered address | 153 Walker St, North Sydney NSW, Australia 2060 | |
Aevitas Group Limited [Member] | ||
Statement Line Items [Line Items] | ||
Proportion of ownership interest in subsidiary | 99.90% | |
Registered address | 153 Walker St, North Sydney NSW, Australia 2060 | |
Aevitas Holdings Pty Limited [Member] | ||
Statement Line Items [Line Items] | ||
Proportion of ownership interest in subsidiary | 100.00% | |
Registered address | 153 Walker St, North Sydney NSW, Australia 2060 | |
Electrical Engineering Group Pty Limited [Member] | ||
Statement Line Items [Line Items] | ||
Proportion of ownership interest in subsidiary | 100.00% | |
Registered address | 153 Walker St, North Sydney NSW, Australia 2060 | |
JA Martin Electrical Limite [Member] | ||
Statement Line Items [Line Items] | ||
Proportion of ownership interest in subsidiary | 100.00% | |
Registered address | 153 Walker St, North Sydney NSW, Australia 2060 | |
Kenshaw Electrical Pty Limited [Member] | ||
Statement Line Items [Line Items] | ||
Proportion of ownership interest in subsidiary | 100.00% | |
VivoPower Singapore Pte Limited [Member] | ||
Statement Line Items [Line Items] | ||
Proportion of ownership interest in subsidiary | 100.00% | |
Registered address | 36, UOB Plaza 1, 80 Raffles Pl, Singapore 048624 | |
VivoPower Philippines Inc. [Member] | ||
Statement Line Items [Line Items] | ||
Proportion of ownership interest in subsidiary | 64.00% | |
Registered address | Unit 10A, Net Lima Building, 5th Avenue cor. 26th Street, E-Square Zone, Crescent Park West, Bonifacio Global City, Taguig, Metro Manila | |
VivoPower RE Solutions Inc. [Member] | ||
Statement Line Items [Line Items] | ||
Proportion of ownership interest in subsidiary | 64.00% | |
Registered address | Unit 10A, Net Lima Building, 5th Avenue cor. 26th Street, E-Square Zone, Crescent Park West, Bonifacio Global City, Taguig, Metro Manila | |
V.V.P. Holdings Inc. [Member] | ||
Statement Line Items [Line Items] | ||
Proportion of ownership interest in subsidiary | 40.00% | [1] |
Registered address | Unit 10A, Net Lima Building, 5th Avenue cor. 26th Street, E-Square Zone, Crescent Park West, Bonifacio Global City, Taguig, Metro Manila | [1] |
[1] | V.V.P. Holdings Inc. is controlled of VivoPower Singapore Pte Limited notwithstanding only owning 40% of the ordinary share capital. |
Note 14 - Investments (Details
Note 14 - Investments (Details Textual) - Innovative Solar Ventures I, LLC [member] - USD ($) $ in Millions | 1 Months Ended | 12 Months Ended | ||
Apr. 30, 2017 | Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Statement Line Items [Line Items] | ||||
Proportion of ownership interest in joint venture | 50.00% | 50.00% | 50.00% | |
Investments in joint ventures | $ 14.2 | |||
Joint venture agreement, potential brokerage commissions | 0.8 | |||
Purchase of investments other than investments accounted for using equity method | 13.1 | |||
Trade and other current payables [member] | ||||
Statement Line Items [Line Items] | ||||
Purchase of investments other than investments accounted for using equity method | $ 1.1 |
Note 14 - Investments - Investm
Note 14 - Investments - Investments (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 |
Statement Line Items [Line Items] | |||
Investment | $ 14,147 | $ 18,060 | |
Investment in Innovative Solar Ventures I, LLC [member] | |||
Statement Line Items [Line Items] | |||
Ownership percentage of investment | 50.00% | ||
Investment | 14,147 | ||
Investment in US-NC-31 Sponsor Partner, LLC [member] | |||
Statement Line Items [Line Items] | |||
Ownership percentage of investment | 14.45% | ||
Investment | 10,529 | ||
Investment in US-NC-47 Sponsor Partner, LLC [member] | |||
Statement Line Items [Line Items] | |||
Ownership percentage of investment | 10.00% | ||
Investment | $ 7,531 |
Note 15 - Cash and Cash Equiv_3
Note 15 - Cash and Cash Equivalents - Cash and Cash Equivalents (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | Mar. 31, 2016 |
Statement Line Items [Line Items] | ||||
Cash at bank and in hand | $ 4,522 | $ 1,939 | $ 10,970 | $ 28 |
Note 15 - Cash and Cash Equiv_4
Note 15 - Cash and Cash Equivalents - Credit Ratings (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | Mar. 31, 2016 |
Statement Line Items [Line Items] | ||||
Cash and cash equivalents | $ 4,522 | $ 1,939 | $ 10,970 | $ 28 |
A + [member] | ||||
Statement Line Items [Line Items] | ||||
Cash and cash equivalents | 17 | 891 | 8,161 | |
A-1 [Member] | ||||
Statement Line Items [Line Items] | ||||
Cash and cash equivalents | 4 | 69 | 468 | |
AA - [member] | ||||
Statement Line Items [Line Items] | ||||
Cash and cash equivalents | $ 4,491 | $ 979 | $ 2,341 |
Note 16 - Restricted Cash (Deta
Note 16 - Restricted Cash (Details Textual) - USD ($) $ in Thousands | Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 |
Statement Line Items [Line Items] | |||
Restricted cash and cash equivalents | $ 1,319 | ||
Restricted cash related to bank guarantees | 816 | ||
Restricted cash related to initial investment in ISS Joint Venture | $ 503 |
Note 16 - Restricted Cash - Com
Note 16 - Restricted Cash - Components of Restricted Cash (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 |
Statement Line Items [Line Items] | |||
Bank guarantee security deposit | $ 816 | ||
Preferred supplier agreement escrow | 503 | ||
Total | $ 1,319 |
Note 17 - Trade and Other Rec_3
Note 17 - Trade and Other Receivables - Trade and Other Receivables (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 |
Statement Line Items [Line Items] | |||
Trade receivables | $ 5,899 | $ 5,333 | $ 5,248 |
Contract assets | 1,800 | 120 | 13,183 |
Prepayments | 628 | 391 | 563 |
Other receivables | 2,072 | 2,059 | 722 |
Related party receivable | 128 | ||
Total | 10,399 | 7,903 | 19,844 |
Loan due from associate | 549 | ||
Other receivables | 618 | ||
Total | $ 1,167 |
Note 17 - Trade and Other Rec_4
Note 17 - Trade and Other Receivables - Analysis of Trade Receivable (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 |
Statement Line Items [Line Items] | |||
Trade and other receivables | $ 5,929 | $ 5,335 | $ 5,250 |
Less: credit note provision | (30) | (2) | (2) |
Total | $ 5,899 | $ 5,333 | $ 5,248 |
Note 17 - Trade and Other Rec_5
Note 17 - Trade and Other Receivables - Credit Risk for Trade Receivables by Geographic Region (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 |
Statement Line Items [Line Items] | |||
Trade receivables | $ 5,899 | $ 5,333 | $ 5,248 |
UNITED STATES | |||
Statement Line Items [Line Items] | |||
Trade receivables | 78 | 129 | |
UNITED KINGDOM | |||
Statement Line Items [Line Items] | |||
Trade receivables | 12 | 1,600 | |
AUSTRALIA | |||
Statement Line Items [Line Items] | |||
Trade receivables | $ 5,821 | $ 5,192 | $ 3,648 |
Note 17 - Trade and Other Rec_6
Note 17 - Trade and Other Receivables - Aging of Trade Receivables (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 |
Statement Line Items [Line Items] | |||
Trade receivables | $ 5,899 | $ 5,333 | $ 5,248 |
Trade receivable, 0-90 days [Member] | |||
Statement Line Items [Line Items] | |||
Trade receivables | 5,765 | 5,326 | 5,092 |
Trade Receivables, Greater than 90 Days [Member] | |||
Statement Line Items [Line Items] | |||
Trade receivables | $ 134 | $ 7 | $ 156 |
Note 18 - Assets Classified a_3
Note 18 - Assets Classified as Held for Sale (Details Textual) - USD ($) $ in Thousands | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Statement Line Items [Line Items] | |||
Total comprehensive income | $ (14,221) | $ (27,657) | $ 6,180 |
Investment in Innovative Solar Ventures I, LLC [member] | |||
Statement Line Items [Line Items] | |||
Ownership percentage of investment | 50.00% | ||
Total comprehensive income | $ 0 | $ 0 |
Note 18 - Assets Classified a_4
Note 18 - Assets Classified as Held for Sale - Assets Held for Sale (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 |
Statement Line Items [Line Items] | |||
Assets held for sale | $ 13,530 | $ 11,436 | |
Innovative Solar Ventures I, LLC [member] | |||
Statement Line Items [Line Items] | |||
Ownership percentage of investment | 50.00% | ||
Assets held for sale | $ 13,530 | ||
US-NC-31 sponsor partner, llc [member] | |||
Statement Line Items [Line Items] | |||
Ownership percentage of investment | 14.45% | ||
Assets held for sale | 6,595 | ||
US-NC-47 sponsor partner, llc [member] | |||
Statement Line Items [Line Items] | |||
Ownership percentage of investment | 10.00% | ||
Assets held for sale | $ 4,841 |
Note 18 - Assets Classified a_5
Note 18 - Assets Classified as Held for Sale - Reconciliation of the ISS Joint Venture Investment (Details) - USD ($) $ in Thousands | 1 Months Ended | 12 Months Ended | ||
Apr. 30, 2017 | Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Statement Line Items [Line Items] | ||||
Current assets | $ 29,770 | $ 21,278 | $ 30,814 | |
Non-current assets | 35,625 | 55,034 | 70,022 | |
Net assets | 23,985 | 37,003 | 64,606 | |
Investment | 14,147 | 18,060 | ||
Innovative Solar Ventures I, LLC [member] | ||||
Statement Line Items [Line Items] | ||||
Capital commitment | 15,044 | 14,904 | ||
Commission credit | (770) | (757) | ||
Discontinued projects | (848) | |||
Acquisition costs | 104 | |||
Net assets | 13,530 | 14,147 | ||
Current assets | 1,187 | 1,373 | ||
Non-current assets | 27,107 | 26,921 | ||
Net assets | 28,294 | 28,294 | ||
Opening net assets | 28,294 | |||
Initial investment | 29,808 | |||
Commission credit | $ (1,514) | |||
VivoPower share in % | 50.00% | 50.00% | 50.00% | |
Investment | $ 14,148 | $ 14,147 | ||
Commission credit | $ (721) |
Note 19 - Trade and Other Pay_3
Note 19 - Trade and Other Payables - Trade and Other Payables (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 |
Statement Line Items [Line Items] | |||
Trade payables | $ 5,675 | $ 3,806 | $ 2,158 |
Accruals | 1,952 | 3,008 | 1,297 |
Related party payable | 1,378 | 1,838 | 1,445 |
Payroll liabilities | 1,165 | 504 | 1,972 |
Sales tax payable | 764 | 310 | 412 |
Contract liabilities | 4,978 | 1,544 | 305 |
Other creditors | 2,011 | 3,072 | 81 |
Treasury shares (see note 23 for further details) | 592 | ||
Total | $ 17,923 | $ 14,082 | $ 8,262 |
Note 20 - Provisions (Details T
Note 20 - Provisions (Details Textual) | Mar. 31, 2019 |
Statement Line Items [Line Items] | |
Borrowings, interest rate | 8.50% |
Note 20 - Provisions - Provisio
Note 20 - Provisions - Provisions (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 |
Statement Line Items [Line Items] | |||
Employee entitlements | $ 1,459 | $ 1,474 | $ 1,339 |
Employee terminations | 157 | 616 | |
Onerous contracts | 94 | 380 | |
1,710 | 2,470 | 1,339 | |
Employee entitlements | 227 | 288 | 237 |
Onerous contracts | 1,995 | ||
2,222 | 288 | 237 | |
Total | $ 3,932 | $ 2,758 | $ 1,576 |
Note 20 - Provisions - Reconcil
Note 20 - Provisions - Reconciliation of Provisions (Details) - USD ($) $ in Thousands | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Employee entitlements [member] | |||
Statement Line Items [Line Items] | |||
Balance | $ 1,762 | $ 1,576 | |
Acquired through business Combinations | 186 | 1,576 | |
Foreign exchange | (140) | ||
Additional provisions | 510 | ||
Reverse unused provisions | (26) | ||
Provisions utilized | (420) | ||
Balance | 1,686 | 1,762 | 1,576 |
Employee termination [member] | |||
Statement Line Items [Line Items] | |||
Balance | 616 | ||
Acquired through business Combinations | 616 | ||
Foreign exchange | |||
Additional provisions | 243 | ||
Reverse unused provisions | (87) | ||
Provisions utilized | (614) | ||
Balance | 158 | 616 | |
Contractor termination [member] | |||
Statement Line Items [Line Items] | |||
Balance | 380 | ||
Acquired through business Combinations | 380 | ||
Foreign exchange | |||
Additional provisions | 1,804 | ||
Reverse unused provisions | |||
Provisions utilized | (96) | ||
Balance | 2,088 | 380 | |
Onerous contracts provision [member] | |||
Statement Line Items [Line Items] | |||
Balance | 2,758 | 1,576 | |
Acquired through business Combinations | 1,182 | 1,576 | |
Foreign exchange | (140) | ||
Additional provisions | 2,557 | ||
Reverse unused provisions | (113) | ||
Provisions utilized | (1,130) | ||
Balance | $ 3,932 | $ 2,758 | $ 1,576 |
Note 21 - Loans and Borrowing_2
Note 21 - Loans and Borrowings (Details Textual) $ in Thousands, $ in Millions | 12 Months Ended | ||
Mar. 31, 2019USD ($) | Aug. 31, 2018USD ($) | Aug. 31, 2018AUD ($) | |
Statement Line Items [Line Items] | |||
Borrowings, interest rate | 8.50% | ||
Debtor finance facility to support working capital requirements [member] | |||
Statement Line Items [Line Items] | |||
Line of credit, maximum borrowing capacity | $ 3,600 | $ 3,600 | $ 5 |
Current related party loans with Arowana International Limited [member] | |||
Statement Line Items [Line Items] | |||
Borrowings, interest rate | 8.50% | ||
Percent of proceeds from sale of more than ten million dollars of joint venture to be directed to loan repayment | 50.00% | ||
Current related party loans with Arowana International Limited [member] | Repayments of borrowings [member] | |||
Statement Line Items [Line Items] | |||
Repayments of borrowings | $ 0 |
Note 21 - Loans and Borrowing_3
Note 21 - Loans and Borrowings - Loans and Borrowings (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 |
Statement Line Items [Line Items] | |||
Current loans and borrowings | $ 887 | $ 3,955 | $ 235 |
Non-current loans and borrowings | 18,380 | 18,385 | 20,020 |
Total | 19,267 | 18,385 | 20,255 |
Debtor invoice financing [member] | |||
Statement Line Items [Line Items] | |||
Current loans and borrowings | 751 | ||
Finance leases [member] | |||
Statement Line Items [Line Items] | |||
Current loans and borrowings | 136 | 285 | 145 |
Non-current loans and borrowings | 138 | 293 | 95 |
Financing agreement [member] | |||
Statement Line Items [Line Items] | |||
Current loans and borrowings | 2,000 | ||
Shareholder loans [member] | |||
Statement Line Items [Line Items] | |||
Current loans and borrowings | 1,670 | ||
Non-current loans and borrowings | 18,242 | 18,092 | 18,992 |
Bank Loan [Member] | |||
Statement Line Items [Line Items] | |||
Current loans and borrowings | 90 | ||
Non-current loans and borrowings | $ 933 |
Note 21 - Loans and Borrowing_4
Note 21 - Loans and Borrowings - Obligations Under Finance Leases (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 |
Statement Line Items [Line Items] | |||
Minimum lease payments | $ 290 | $ 618 | $ 272 |
Present value of minimum lease payments | 274 | 578 | 240 |
Minimum lease payments, future finance charges | (16) | (40) | (32) |
Total obligations under finance lease | 274 | 578 | 240 |
Not later than one year [member] | |||
Statement Line Items [Line Items] | |||
Minimum lease payments | 147 | 291 | 165 |
Present value of minimum lease payments | 136 | 285 | 145 |
Later than one year and not later than five years [member] | |||
Statement Line Items [Line Items] | |||
Minimum lease payments | 143 | 327 | 107 |
Present value of minimum lease payments | $ 138 | $ 293 | $ 95 |
Note 22 - Called Up Share Cap_3
Note 22 - Called Up Share Capital - Share Capital (Details) - Ordinary shares [member] - shares | Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 |
Allotted, called up and fully paid | |||
Number of Shares (in shares) | 162,689 | 162,689 | 162,689 |
Number allotted | |||
Number of Shares (in shares) | 13,557,376 | 13,557,376 | 13,557,376 |
Note 22 - Called Up Share Cap_4
Note 22 - Called Up Share Capital - Share Capital (Details) (Parentheticals) - $ / shares | Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 |
Ordinary shares [member] | |||
Statement Line Items [Line Items] | |||
Number of Shares (in dollars per share) | $ 0.012 | $ 0.012 | $ 0.012 |
Note 22 - Called Up Share Cap_5
Note 22 - Called Up Share Capital - Share Outstanding (Details) - shares | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Statement Line Items [Line Items] | |||
Balance (in shares) | 13,557,376 | 13,557,376 | 5,514,375 |
Issue of new shares (in shares) | 8,043,001 | ||
Balance (in shares) | 13,557,376 | 13,557,376 | 13,557,376 |
Note 23 - Other Reserves (Detai
Note 23 - Other Reserves (Details Textual) | Mar. 30, 2017USD ($)$ / sharesshares | Mar. 31, 2019USD ($)$ / sharesshares | Mar. 31, 2019AUD ($)$ / sharesshares |
Statement Line Items [Line Items] | |||
Convertible securities, conversion price | $ / shares | $ 10.20 | ||
Number of convertible preference shares outstanding | shares | 2,473,367 | 2,473,367 | |
Convertible preference, shares, face value, price per share | $ / shares | $ 3 | ||
Convertible preference shares, value, face value and accrued dividends | $ 10,515,382 | ||
Number of Instruments, Convertible Loan Notes Outstanding | shares | 2,473,367 | 2,473,367 | |
Convertible loan notes, shares, face value, price per share | $ / shares | $ 7 | ||
Convertible loan notes, value, face value and accrued dividends | $ 23,806,189 | ||
Equity Instruments, Quarterly Interest Rate | 7.00% | ||
Number of share options outstanding in share-based payment arrangement at end of period | 828,000 | 828,000 | |
Weighted average exercise price of share options outstanding in share-based payment arrangement at end of period | $ 8.70 | ||
Purchase of Treasury Shares, Shares | shares | 129,805 | ||
Treasury Shares, Shares Repurchased, Price Per Share | $ / shares | $ 4.50 | ||
Treasury shares | $ 591,911 | ||
Treasury shares issued | shares | 75,805 | ||
Expense from share-based payment transactions with employees | $ 85,660 | ||
Increase (decrease) through treasury share transactions, equity | $ (260,011) |
Note 23 - Other Reserves - Othe
Note 23 - Other Reserves - Other Reserves (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 |
Statement Line Items [Line Items] | |||
Equity instruments | $ 26,090 | $ 25,072 | $ 25,072 |
Share option reserve | 3,713 | 3,713 | 3,713 |
Capital raising costs | (9,722) | (9,722) | (9,722) |
Treasury shares | (246) | (592) | (592) |
Foreign exchange | 11 | (88) | (142) |
Total | $ 19,846 | $ 18,383 | $ 18,329 |
Note 24 - Earnings Per Share -
Note 24 - Earnings Per Share - Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Statement Line Items [Line Items] | |||
Loss for the year | $ (11,223) | $ (27,879) | $ 5,581 |
Weighted average number of shares in issue (‘000s) (in shares) | 13,557 | 13,557 | 7,624 |
Basic earnings/(loss) per share (dollars) (in dollars per share) | $ (0.83) | $ (2.06) | $ 0.73 |
Diluted earnings/(loss) per share (dollars) (in dollars per share) | $ (0.83) | $ (2.06) | $ 0.73 |
Note 25 - Contingencies (Detail
Note 25 - Contingencies (Details Textual) | Feb. 26, 2018GBP (£) |
Statement Line Items [Line Items] | |
Claim damage related to notice period in service agreement, litigation | £ 615,600 |
Claim damage related to shares due to plaintiff and other unquantified amounts related to bonuses, litigation | £ 540,000 |
Note 26 - Operating Lease Com_3
Note 26 - Operating Lease Commitments - Future Aggregate Minimum Commitments Under Non-cancellable Operating Leases (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 |
Motor vehicles [member] | |||
Statement Line Items [Line Items] | |||
Payable in less than one year | $ 696 | ||
Motor vehicles [member] | Not later than one year [member] | |||
Statement Line Items [Line Items] | |||
Payable in less than one year | 149 | ||
Motor vehicles [member] | Later than one year and not later than five years [member] | |||
Statement Line Items [Line Items] | |||
Payable in less than one year | 547 | ||
Other property, plant and equipment [member] | |||
Statement Line Items [Line Items] | |||
Payable in less than one year | 24 | 21 | |
Other property, plant and equipment [member] | Not later than one year [member] | |||
Statement Line Items [Line Items] | |||
Payable in less than one year | 8 | 16 | |
Other property, plant and equipment [member] | Later than one year and not later than five years [member] | |||
Statement Line Items [Line Items] | |||
Payable in less than one year | 16 | 5 | |
Property, plant and equipment under operating leases [member] | |||
Statement Line Items [Line Items] | |||
Payable in less than one year | 664 | 312 | 174 |
Property, plant and equipment under operating leases [member] | Not later than one year [member] | |||
Statement Line Items [Line Items] | |||
Payable in less than one year | 442 | 312 | 15 |
Property, plant and equipment under operating leases [member] | Later than one year and not later than five years [member] | |||
Statement Line Items [Line Items] | |||
Payable in less than one year | $ 222 | $ 159 |
Note 27 - Pensions (Details Tex
Note 27 - Pensions (Details Textual) - USD ($) | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Statement Line Items [Line Items] | |||
Post-employment benefit expense, defined contribution plans | $ 756,614 | $ 900,483 | $ 196,005 |
Superannuation in Australia [member] | |||
Statement Line Items [Line Items] | |||
Pension Plan, Employer Contribution Rate | 9.50% | ||
Pension for UK employees [member] | |||
Statement Line Items [Line Items] | |||
Pension Plan, Employer Contribution Rate | 3.00% |
Note 28 - Financial Instrumen_3
Note 28 - Financial Instruments (Details Textual) $ in Thousands, $ in Millions | 12 Months Ended | |||||
Mar. 31, 2019USD ($) | Mar. 31, 2018USD ($) | Aug. 31, 2018USD ($) | Aug. 31, 2018AUD ($) | Mar. 31, 2017USD ($) | Mar. 31, 2016USD ($) | |
Statement Line Items [Line Items] | ||||||
Total cash and cash equivalents | $ 4,522 | $ 1,939 | $ 10,970 | $ 28 | ||
Current Ratio | 1.43 | 1.03 | ||||
Total borrowings | $ 19,267 | $ 18,385 | $ 20,255 | |||
Foreign exchange risk, trade and other payables | 11,100 | |||||
Foreign exchange risk. finance leases | 300 | |||||
Currency risk, AUD [member] | ||||||
Statement Line Items [Line Items] | ||||||
Foreign exchange risk, trade and other receivables | 9,700 | |||||
Foreign exchange risk, trade and other payables | 10,500 | |||||
Foreign exchange risk, finance loans | 800 | |||||
Currency risk, GBP [member] | ||||||
Statement Line Items [Line Items] | ||||||
Foreign exchange risk, trade and other payables | 600 | |||||
Debtor finance facility to support working capital requirements [member] | ||||||
Statement Line Items [Line Items] | ||||||
Line of credit, maximum borrowing capacity | 3,600 | $ 3,600 | $ 5 | |||
Total borrowings | $ 800 |
Note 28 - Financial Instrumen_4
Note 28 - Financial Instruments - Financial Instruments (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | Mar. 31, 2016 |
Statement Line Items [Line Items] | ||||
Cash at bank and in hand | $ 4,522 | $ 1,939 | $ 10,970 | $ 28 |
Restricted cash | 1,319 | |||
Total | 19,267 | 18,385 | 20,255 | |
Financial liabilities at amortised cost, category [member] | ||||
Statement Line Items [Line Items] | ||||
Total | 19,267 | 22,340 | 20,255 | |
Trade and other payables | 11,016 | 11,724 | 5,878 | |
Total | 30,283 | 34,064 | 26,133 | |
Financial assets at amortised cost, category [member] | ||||
Statement Line Items [Line Items] | ||||
Trade and other receivables | 7,971 | 7,392 | 20,448 | |
Cash at bank and in hand | 4,522 | 1,939 | 10,970 | |
Restricted cash | 1,319 | |||
Total | $ 13,812 | $ 9,331 | $ 31,418 |
Note 28 - Financial Instrumen_5
Note 28 - Financial Instruments - Contractual Maturities of Financial Liabilities (Details) - USD ($) $ in Thousands | Mar. 31, 2019 | Mar. 31, 2018 |
Statement Line Items [Line Items] | ||
Trade and other payables (financial liabilities) | $ 11,016 | $ 11,724 |
Borrowings | 22,480 | 25,896 |
Finance leases | 290 | 619 |
Total | 33,786 | 38,239 |
Not later than one year [member] | ||
Statement Line Items [Line Items] | ||
Trade and other payables (financial liabilities) | 11,016 | 11,724 |
Borrowings | 2,556 | 5,498 |
Finance leases | 147 | 291 |
Total | 13,719 | 17,513 |
Later than one year and not later than three years [member] | ||
Statement Line Items [Line Items] | ||
Trade and other payables (financial liabilities) | ||
Borrowings | 19,924 | 14,111 |
Finance leases | 143 | 328 |
Total | 20,067 | 14,439 |
Later than three years and not later than five years [member] | ||
Statement Line Items [Line Items] | ||
Trade and other payables (financial liabilities) | ||
Borrowings | 6,287 | |
Finance leases | ||
Total | 6,287 | |
Later than five years [member] | ||
Statement Line Items [Line Items] | ||
Trade and other payables (financial liabilities) | ||
Borrowings | ||
Finance leases | ||
Total |
Note 29 - Related Party Trans_2
Note 29 - Related Party Transactions (Details Textual) - USD ($) | 12 Months Ended | ||
Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 | |
Statement Line Items [Line Items] | |||
Borrowings, interest rate | 8.50% | ||
Total borrowings | $ 19,267,000 | $ 18,385,000 | $ 20,255,000 |
Directors' remuneration expense | $ 611,000 | 1,131,000 | 1,705,000 |
Number of Instruments, Convertible Loan Notes Outstanding | 2,473,367 | ||
Number of convertible preference shares outstanding | 2,473,367 | ||
Reserve of equity component of convertible instruments | $ 26,090,000 | 25,072,000 | 25,072,000 |
Related party loans with Arowana International Limited [member] | |||
Statement Line Items [Line Items] | |||
Borrowings, interest rate | 8.50% | ||
Noncurrent related party loans with Arowana International Limited [member] | |||
Statement Line Items [Line Items] | |||
Borrowings, Periodic Payment | $ 75,000 | ||
Total borrowings | 18,242,636 | 18,992,636 | 18,992,636 |
Notes payable to Arowana Australasian Special Situations 1A Pty Ltd [member] | |||
Statement Line Items [Line Items] | |||
Total borrowings | $ 4,590,582 | ||
Number of Instruments, Convertible Loan Notes Outstanding | 666,666 | ||
Notes payable to Arowana Australasian Special Situations 1B Pty Ltd [member] | |||
Statement Line Items [Line Items] | |||
Total borrowings | $ 4,590,589 | ||
Number of Instruments, Convertible Loan Notes Outstanding | 666,667 | ||
Notes payable to Arowana Australasian Special Situations 1C Pty Ltd [member] | |||
Statement Line Items [Line Items] | |||
Total borrowings | $ 4,590,589 | ||
Number of Instruments, Convertible Loan Notes Outstanding | 666,667 | ||
Convertible loan notes payable to Panage Group Trust [member] | |||
Statement Line Items [Line Items] | |||
Total borrowings | $ 29,422 | ||
Interest paid | $ 1,605 | ||
Arowana International Limited [member] | |||
Statement Line Items [Line Items] | |||
Proportion of ownership interests held by shareholder | 60.30% | ||
Non-executive directors fees | $ 254,084 | ||
Chief financial officer, fees | 293,972 | ||
Annual salary for director, recharged to related party | 158,408 | ||
Third-party fees charged by related party | 0 | ||
Interest paid | 713,286 | ||
Dividends paid | 305,694 | ||
Arowana International Limited [member] | Annual salary for former director, recharged to related party [member] | |||
Statement Line Items [Line Items] | |||
Amounts receivable, related party transactions | 0 | 242,915 | 121,046 |
Arowana International Limited [member] | Directors fees for Kevin Chin [member] | |||
Statement Line Items [Line Items] | |||
Amounts payable, related party transactions | 47,990 | 42,188 | 0 |
Arowana International Limited [member] | Monthly fees for chief financial officer [member] | |||
Statement Line Items [Line Items] | |||
Amounts payable, related party transactions | 32,657 | 80,026 | 0 |
Arowana International Limited [member] | Cost incurred by Arowana on behalf of VivoPower [member] | |||
Statement Line Items [Line Items] | |||
Amounts payable, related party transactions | 1,268,670 | $ 1,802,003 | $ 0 |
Former director, Gary Hui [Member] | |||
Statement Line Items [Line Items] | |||
Directors' remuneration expense | $ 219,334 | ||
Arowana Australasian Special Situations 1A Pty Ltd [member] | |||
Statement Line Items [Line Items] | |||
Number of convertible preference shares outstanding | 388,889 | ||
Reserve of equity component of convertible instruments | $ 1,183,123 | ||
Arowana Australasian Special Situations 1B Pty Ltd [member] | |||
Statement Line Items [Line Items] | |||
Number of convertible preference shares outstanding | 388,889 | ||
Reserve of equity component of convertible instruments | $ 1,183,123 | ||
Arowana Australasian Special Situations 1C Pty Ltd [member] | |||
Statement Line Items [Line Items] | |||
Number of convertible preference shares outstanding | 388,889 | ||
Reserve of equity component of convertible instruments | $ 1,183,123 | ||
Arowana Australasian Special Situations Fund 1 Pty Limited [member] | |||
Statement Line Items [Line Items] | |||
Number of convertible preference shares outstanding | 833,333 | ||
Reserve of equity component of convertible instruments | $ 2,535,261 | ||
Panaga Group Trust [member] | |||
Statement Line Items [Line Items] | |||
Dividends paid | $ 688 | ||
Number of convertible preference shares outstanding | 4,500 | ||
Reserve of equity component of convertible instruments | $ 13,020 |
Note 30 - Subsequent Event (Det
Note 30 - Subsequent Event (Details Textual) - USD ($) | Jul. 02, 2019 | Mar. 31, 2019 | Mar. 31, 2018 | Mar. 31, 2017 |
Statement Line Items [Line Items] | ||||
Contract liabilities at end of period | $ 4,978,000 | $ 1,544,000 | $ 305,000 | |
Profit (loss) from operating activities | (5,410,000) | (7,595,000) | $ 17,306,000 | |
VivoRex LLC [member] | Solar development operating segment [member] | ||||
Statement Line Items [Line Items] | ||||
Profit (loss) from operating activities | $ (1,959,000) | $ (645,000) | ||
Disposal of major subsidiary [member] | VivoRex LLC [member] | ||||
Statement Line Items [Line Items] | ||||
Proportion of ownership interest in subsidiary | 100.00% | |||
Consideration paid (received) | $ (1) | |||
Gains (losses) on disposal of contract obligations | 2,276,000 | |||
Contract liabilities at end of period | 2,047,000 | |||
Other liabilities | 302,000 | |||
Cash and other current assets | $ 73,000 |