11
RIGHT-OF-USE ASSETS
Right-of-use
assets relate to office space leased by the Group. The amount in respect of lease are as follows:
SCHEDULE OF RIGHT-OF-USE ASSETS, NET
| | |
Properties | |
| | |
USD | |
| At 1 April 2023 | |
| - | |
| Additions (a) | |
| 482,619 | |
| Amortisation | |
| (99,580 | ) |
| Modification adjustment (b) | |
| (25,837 | ) |
| At 31 March 2024 | |
| 357,202 | |
| Amortisation | |
| (125,575 | ) |
| Modification adjustment (b) | |
| (5,955 | ) |
| At 31 March 2025 | |
| 225,672 | |
| (a) | In
June 2023, the Group entered into a lease agreement in Monaco which expires in January 2027.
The lease has an annual break clause. |
| (b) | There
were rent reviews in February 2024 and 2025 and modification adjustments were made to account
for the change in monthly rent. |
|