Company: DSWL
Filing Date: 2025-07-29
Form Type: 20-F
Source: 0001174947-25-001096
Chunk: 148

Company: DESWELL INDUSTRIES INC
Filing Date: 2025-07-29
Form: 20-F
Item: Item 18
Chunk 148
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 furniture, fixtures and equipment is computer software with net values of $17and $9as of March 31, 2024 and 2025, respectively.

Land use rights and long term leased land included in leasehold land and buildings consist of the following:

                                              March 31,                                      
                                              2024                        2025               
 ─────────────────────────────────────────────────────────────────────────────────────────────
  At cost:                                                                                   
  Land use right of state-owned land (a)      $                2,233      $           2,233  
  Long term leased land (b)                                      947                    947  
                                                               3,180                  3,180  
  Less: accumulated amortization                             ( 1,795                ( 1,882  
                                              $                1,385      $           1,298  

Amortization expenses for land use rights were $87, $87and $87for the years ended March 31, 2023, 2024 and 2025, respectively.

____________

(a)The land use rights of state -owned -sum 50 years -owned 28,077 28,077

(b)Long term leased land and buildings erected thereon represent land and buildings on collectively -owned -sum 50 years -operation -owned -owned -operation -owned -owned -operation -owned 4,156 4,156

Included in leasehold land and buildings is property leased to third parties for rental income under operating lease with net values of $2,576and $2,483as of March 31, 2024 and 2025, respectively. Details of these property on lease are as follows:

Included in leasehold land and buildings:

                                                       March 31,                                      
                                                       2024                        2025               
 ──────────────────────────────────────────────────────────────────────────────────────────────────────
  Cost                                                 $                4,273      $           4,273  
  Less: accumulated depreciation and amortization                     ( 1,697                ( 1,790  
  Net book value                                       $                2,576      $           2,483  

During the years ended March 31, 2023, 2024 and 2025, the Company had no impairment on its property, plant and equipment. Depreciation of property, plant and equipment were $1,709, $1,523and $1,519during the years ended March 31