3. ACCOUNTS RECEIVABLE, NET Accounts receivable, net, consists of the following: | | As of March 31, | | | | 2025 | | | 2024 | | | | US$’000 | | | US$’000 | | Accounts receivable | | | 34,638 | | | | 33,747 | | Less: allowance for credit losses | | | (5,776 | ) | | | (6,025 | ) | Accounts receivable, net | | | 28,862 | | | | 27,722 | |
The movements in the allowance for credit loss for the years ended March 31, 2025, 2024 and 2023 were as follows: | | For the years ended March 31, | | | | 2025 | | | 2024 | | | 2023 | | | | US$’000 | | | US$’000 | | | US$’000 | | Balance at beginning of the period | | | 6,025 | | | | 7,574 | | | | 9,754 | | Additions | | | 2 | | | | 81 | | | | - | | Exchange difference on opening balance | | | (69 | ) | | | (237 | ) | | | (752 | ) | Credit to profit or loss | | | (182 | ) | | | (1,393 | ) | | | (1,428 | ) | Balance at end of the period | | | 5,776 | | | | 6,025 | | | | 7,574 | |
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