NON CONTROLLING INTEREST

6 Months Ended

Sep. 30, 2016

NOTE 8 — NON CONTROLLING INTEREST

The Company has a 50% interest in American Seawind Energy LLC, a company registered in the State of Texas, United States of America and as of September 30, 2016, 75% interest in Shala Energy sh.pk, a Company registered in the Republic of Albania. American Seawind Energy LLC was inactive as of September 30, 2016.

A reconciliation of the non-controlling loss attributable to the Company:

Net loss Attributable to the Company and transfers (to) from non-controlling interest for the three months ended September 30, 2016:

	American			Shala
	Seawind			Energy
	Energy LLC			sh pk
Net loss	$	-		$	41,378
Average Non-controlling interest percentage		50.0	%		25.0	%
Net loss attributable to the non-controlling interest	$	-		$	10,344

Net loss Attributable to the Company and transfers (to) from non-controlling interest for the six months ended September 30, 2016:

	American			Shala
	Seawind			Energy
	Energy LLC			sh pk
Net loss	$	-		$	93,782
Average Non-controlling interest percentage		50.0	%		25.0	%
Net loss attributable to the non-controlling interest	$	-		$	23,445

Net loss Attributable to the Company and transfers (to) from non-controlling interest for the three months ended September 30, 2015:

	American			Shala
	Seawind			Energy
	Energy LLC			sh pk
Net loss	$	-		$	38,904
Average Non-controlling interest percentage		50.0	%		25.0	%
Net loss attributable to the non-controlling interest	$	-		$	9,726

Net loss Attributable to the Company and transfers (to) from non-controlling interest for the six months ended September 30, 2015:

	American			Shala
	Seawind			Energy
	Energy LLC			sh pk
Net loss	$	-		$	162,642
Average Non-controlling interest percentage		50.0	%		25.0	%
Net loss attributable to the non-controlling interest	$	-		$	40,661

The following table summarizes the changes in Non-controlling Interest from April 1, 2015 through September 30, 2016:

	American
	Seawind		Shala
	Energy LLC		Energy sh pk		Total
Balance, April 1, 2015	$	608	$	(202,993)	$	(202,385)
Net loss attributable to the non-controlling interest		-		(81,423)		(81,423)
Balance, March 31, 2016		608		(284,416)		(283,808)
Net loss attributable to the non-controlling interest		-		(23,445)		(23,445)
Balance, September 30, 2016	$	608	$	(307,861)	$	(307,253)

3Power Energy Group Inc. 10-Q