v3.24.4
Summary of significant accounting policies (Tables) - MiX Telematics Limited [Member]
 12 Months Ended
Mar. 31, 2024
Schedule of foreign currency translation adjustments

The movement in the foreign currency translation adjustments is as follows (in thousands):

   2023   2024 
   As of March 31, 
   2023   2024 
Cumulative foreign currency translation adjustments, beginning of year  $3,909   $(13,399)
Foreign currency translation losses for the year, net of tax   (17,308)   (2,749)
Cumulative foreign currency translation adjustments, end of year  $(13,399)  $(16,148)
Schedule of inventories

Inventories comprise of the following (in thousands):

   2023   2024 
   As of March 31, 
   2023   2024 
Components  $3,131   $875 
Finished goods   3,146    4,316 
Total inventories   6,277    5,191 
Less: Accumulated write-down to net realizable value   (1,341)   (1,049)
Inventory, net  $4,936   $4,142 
Schedule of property, plant and equipment

Plant and equipment 1 - 8 years
Motor vehicles 3 - 7 years
Furniture, fixtures and equipment 1 - 10 years
Computer and radio equipment 1 - 7 years
In-vehicle devices installed 1 - 8 years
Schedule of reconciliation of carrying amount of goodwill

The following table is a reconciliation of the carrying amount of goodwill at the beginning and end of the reporting period:

 

   2023   2024 
   As of March 31, 
   2023   2024 
Goodwill          
Opening balance  $44,434   $39,258 
Business acquired   1,441    — 
Foreign currency translation difference   (6,617)   (1,032)
Balance as of March 31  $39,258   $38,226 
Schedule of goodwill to reportable segments

The allocation of goodwill to reportable segments is as follows (in thousands):

 

Schedule of goodwill to reportable segments

   2023   2024 
   As of March 31, 
   2023   2024 
Central Services Organization  $5,736   $5,463 
Europe   8,078    8,254 
Middle East and Australasia   4,364    4,364 
Africa   19,639    18,704 
Americas   1,441    1,441 
Total  $39,258   $38,226 

 

 

Sensitivity of goodwill to impairment as of March 31, 2024 was as follows:

 

   Central Services Organization   Africa   Europe   Middle East and Australasia   Americas 
Fair value of reporting unit exceeded its carrying amount by   457.3%   101.7%   16.9%   52.1%   21.7%
Post-tax discount rate used to determine fair value   16.3%   16.3%   11.4%   12.2%   11.7%
Growth rate used to extrapolate cash flow beyond the budget period   4.7%   4.7%   1.5%   2.3%   2.0%
The following mutually exclusive changes will result in nil headroom                         
Post-tax discount rate applied to the expected cash flow projections   37.1%   25.7%   13.0%   18.0%   14.3%
Decrease in the cash flow projections of   82.1%   50.4%   16.9%   52.1%   17.8%