v3.24.4
Lease liabilities
 12 Months Ended
Mar. 31, 2024
Alps Global Holding Berhad [Member]  
IfrsStatementLineItems [Line Items]  
Lease liabilities

 

19. Lease liabilities

 

The maturity analysis of the lease liabilities are as follows:

 

   2024   2023 
   USD   USD 
         
Minimum lease payments:          
Less than one year   329,071    350,528 
Later than one year but not later than five years   202,421    179,198 
           
Total minimum lease payments   531,492    529,726 
Less: Unearned interest   (31,184)   (28,191)
           
Present value of lease liabilities   500,308    501,535 

 

The lease liabilities component is analysed as follows:

 

   2024   2023 
   USD   USD 
         
Current   305,946    327,810 
Non-current   194,362    173,725 
           
Total lease liabilities   500,308    501,535 

 

The Group does not face a significant liquidity risk with regard to its lease liabilities.

 

The lease liabilities comprise of office premises. The Group applied the incremental borrowing rate to the lease liabilities of 7.04% (2023: 7.04%) per annum.