| Mar'17 | Mar'16 | Mar'15 | Mar'14 | Mar'13 | ||
|---|---|---|---|---|---|---|
Education assessment test caseware | ||||||
ACT license | ||||||
Cash flows from operating activities: | ||||||
Net income (loss) | ||||||
-1,448 | - | - | - | - | ||
Net income | ||||||
- | 4,040 | 3,719 | 4,387 | 3,736 | ||
Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||||||
Interest on restricted cash for financial standby letter of credit | ||||||
71 | - | - | - | - | ||
Gain from disposal of long-term investments (Note 5) | ||||||
232 | - | - | - | - | ||
Provision for (reversal of) doubtful accounts | ||||||
100 | -19 | 136 | -601 | 1,471 | ||
Impairment of intangible assets | ||||||
- | - | 50 | 1,931 | - | ||
Depreciation and amortization | ||||||
1,495 | 1,335 | 1,223 | 1,730 | 1,709 | ||
Gain from disposal of property and equipment | ||||||
2 | 8 | -0 | -69 | - | ||
Loss (gain) from disposal of property and equipment | ||||||
- | - | - | - | 10 | ||
Share-based compensation | ||||||
1,010 | 1,421 | 1,147 | 1,694 | 2,072 | ||
Deferred income tax expense (Note 13) | ||||||
3,329 | 1,093 | -137 | -115 | -518 | ||
Share of losses of equity method investments | ||||||
-2,342 | -1,369 | -354 | - | - | ||
Impairment loss of long-term investments | ||||||
4,677 | - | - | - | - | ||
Interest on convertible promissory note (Note 5) | ||||||
82 | - | - | - | - | ||
Foreign currency exchange loss (gain) | ||||||
-36 | -313 | -160 | - | - | ||
Changes in operating assets and liabilities, net of effect of acquisition: | ||||||
Restricted cash | ||||||
- | - | -435 | 434 | - | ||
Accounts receivable | ||||||
891 | 352 | -3,122 | 2,057 | -3,476 | ||
Inventories | ||||||
- | - | - | - | -9 | ||
Prepaid expenses and other current assets | ||||||
-219 | 175 | 144 | 21 | -116 | ||
Other assets | ||||||
35 | -4 | 1,221 | 247 | -218 | ||
Income tax payable | ||||||
-442 | 1,123 | -1,816 | -280 | 2,022 | ||
Accrued expenses and other payables | ||||||
-115 | 635 | -1,719 | -138 | -106 | ||
Deferred revenues | ||||||
-949 | -777 | 2,085 | 89 | -3,286 | ||
Net cash provided by operating activities | ||||||
8,941 | 10,003 | 7,396 | 6,007 | 10,912 | ||
Cash flows from investing activities : | ||||||
Cash paid for property and equipment | ||||||
466 | 478 | 2,393 | 667 | 1,282 | ||
Cash paid for intangible assets | ||||||
976 | - | - | - | - | ||
Cash receipt from property and equipment disposal | ||||||
2 | 10 | 4 | 2 | - | ||
Proceeds from disposal of affiliates (Notes 5) | ||||||
799 | - | - | - | - | ||
Cash paid to shareholder (Note 19) | ||||||
- | 1,550 | - | - | - | ||
Payment for acquisition of a subsidiary, less cash acquired | ||||||
-59 | - | - | 1,580 | - | ||
Cash paid for long-term investments (Note 5) | ||||||
13,067 | 3,688 | - | - | - | ||
Cash paid for equity method investments | ||||||
- | - | 6,122 | - | - | ||
Net cash used in investing activities | ||||||
-13,649 | -5,707 | -8,510 | -2,245 | -1,282 | ||
Cash flows from financing activities : | ||||||
Cash paid for employee individual income tax for net-settlement of vested shares | ||||||
29 | 120 | 137 | 91 | 147 | ||
Cash paid for repurchase of common shares | ||||||
- | 3,029 | 1,348 | 21 | 53 | ||
Proceeds from exercise of share options | ||||||
- | - | 629 | - | - | ||
Cash received from short-term loan | ||||||
501 | - | - | - | - | ||
Cash received from third party investors (Note 9) | ||||||
4,939 | - | - | - | - | ||
Payment of restricted cash for financial standby letter of credit | ||||||
4,358 | - | - | - | - | ||
Special cash dividend (Note 17) | ||||||
- | - | 9,412 | - | 4,078 | ||
Net cash (used in)/received from financing activities | ||||||
1,053 | -3,149 | -10,269 | -112 | -4,278 | ||
Effect of foreign exchange rate changes on cash | ||||||
-9 | -3 | -174 | -123 | -60 | ||
Net increase (decrease) in cash | ||||||
-3,663 | 1,143 | -11,558 | 3,525 | 5,291 | ||
Supplemental disclosures of cash flow information : | ||||||
Cash paid for income tax | ||||||
2,870 | 2,219 | 3,727 | 3,633 | 631 | ||
Cash refunded for income tax | ||||||
150 | 1,502 | 229 | 37 | 1,007 | ||
Cash paid for interest expenses | ||||||
8 | - | - | - | - | ||
Non-cash investing and financing activities: | ||||||
Acquisition of property and equipment included in accrued expenses and other payables | ||||||
- | - | 23 | - | 296 | ||