Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v2.4.0.6
Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Mar. 31, 2013
Schedule of Exchange Rates Used to Convert Australian Dollar to US Dollars

Unless otherwise noted, the exchange rates used to convert Australian dollar denominated amounts into US dollars in the consolidated financial statements are as follows:

 

 (US$1 = A$)    2013      31 March
2012		      2011  

Assets and liabilities

      0.9597         0.9614         0.9676   

Statements of operations

      0.9694         0.9573         1.0584   

Cash flows - beginning cash

      0.9614         0.9676         1.0919   

Cash flows - ending cash

      0.9597         0.9614         0.9676   

Cash flows - current period movements

      0.9694         0.9573         1.0584   
Property, Plant and Equipment Estimated Useful Lives

Depreciation of property, plant and equipment is computed using the straight-line method over the following estimated useful lives:

 

      Years  

Buildings

      40   

Building improvements

      5 to 40   

Manufacturing machinery

      10 to 20   

General equipment

      5 to 10   

Computer equipment, software, and software development

      3 to 7   

Office furniture and equipment

      3 to 10   
Basic and Dilutive Common Shares Outstanding Used in Determining Net (Loss) Income Per Share

Accordingly, basic and dilutive common shares outstanding used in determining net income (loss) per share are as follows:

 

     Years Ended 31 March    
 (Millions of shares)    2013    2012    2011     

Basic common shares outstanding

      439.2           436.2           435.6       

Dilutive effect of stock awards

      1.4           1.7           -            
  

 

 

   

 

 

   

 

 

  

Diluted common shares outstanding

            440.6                 437.9                 435.6       
  

 

 

   

 

 

   

 

 

  
 (US dollars)    2013           2012           2011            

Net income (loss) per share - basic

      $ 0.10           $ 1.39           $ (0.80 )     

Net income (loss) per share - diluted

      $ 0.10           $ 1.38           $ (0.80 )