Quarterly report pursuant to Section 13 or 15(d)

Sales, Contract Assets and Contract Liabilities (Tables)

v3.19.3
Sales, Contract Assets and Contract Liabilities (Tables)
6 Months Ended
Sep. 30, 2019
Sales, Contract Assets and Contract Liabilities [Abstract]  
Schedule of sales revenue in proportion
    Three Months Ended September 30,
2019
$
    Six Months Ended September 30,
2019
$
 
             
Specified service works     381,338       381,338  
Certified design and engineering works     24,448,427       26,121,354  
Delivered equipment to customers, net of obligations     33,251,840       36,040,052  
Commissioned equipment     4,656,939       4,960,035  
                 
Total     62,738,544       67,502,779  
Schedule of contract assets and liabilities

    Contract Assets
$
    Sales
(Cost of sales)
$
    Contract Liabilities
$
 
                   
Balance, March 31, 2018                  
                         
Customer receipts and receivables                 (20,925,437 )
Sales recognized in earnings           2,074,950       2,074,950  
Payments and accruals under contracts     14,172,975              
Costs recognized in earnings     (1,935,150 )     (1,935,150 )      
                         
Balance, March 31, 2019     12,237,825               (18,850,487 )
                         
Customer receipts and receivables                 (76,802,249 )
Sales recognized in earnings           67,502,779       67,502,779  
Payments and accruals under contracts*     61,005,163              
Costs recognized in earnings     (40,448,336 )     (40,448,336 )      
                         
Balance, September 30, 2019     32,794,652               (28,149,957 )

  

*Payments and accruals under contracts assets includes $13,101,107 presented as amounts which are receivable subject to fulfillment of future performance obligations.