Company: DSWL
Filing Date: 2025-07-29
Form Type: 20-F
Source: 0001174947-25-001096
Chunk: 147

Company: DESWELL INDUSTRIES INC
Filing Date: 2025-07-29
Form: 20-F
Item: Item 18
Chunk 147
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                        $              12,129      $         9,462  

Obsolescence allowance for inventory is as follows:

                                             Year ended March 31,                                                       
                                             2023                                 2024                 2025             
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Balance at beginning of the year           $                         4,282      $         4,398      $         4,374  
  Additional charges (written off), net                                  116                 ( 24                 ( 54  
  Balance at the end of the year             $                         4,398      $         4,374      $         4,320  

5. Prepaid Expenses and Other Current Assets

Prepaid expenses and other current assets consist of the following:

                                  March 31,                                  
                                  2024                      2025             
 ─────────────────────────────────────────────────────────────────────────────
  Rental and utility deposit      $                 23      $            23  
  Advance to suppliers                               5                   58  
  Prepayment                                       404                  412  
  Dividend receivable                              196                  222  
  Others                                           600                  897  
                                  $              1,228      $         1,612  

6. Property, Plant and Equipment, net

Property, plant and equipment, net consist of the following:

                                                       March 31,                                        
                                                       2024                         2025                
 ────────────────────────────────────────────────────────────────────────────────────────────────────────
  At cost:                                                                                              
  Leasehold land and buildings                         $                32,233      $           32,233  
  Plant and machinery                                                   33,536                  33,254  
  Furniture, fixtures and equipment                                     10,328                  10,180  
  Motor vehicles                                                         1,352                   1,365  
  Leasehold improvements                                                 4,540                   4,565  
  Impairment                                                           ( 2,308                 ( 2,254  
                                                                        79,681                  79,343  
  Less: accumulated depreciation and amortization                     ( 55,078                ( 55,958  
  Net book value                                       $                24,603      $           23,385  

F-15

Table of Contents

DESWELL INDUSTRIES, INC.

6. Property, Plant and Equipment, net(cont.)

Included in