v3.25.2
Property, Plant and Equipment, Net
 12 Months Ended
Mar. 31, 2025
Property, Plant and Equipment, Net [Abstract]  
PROPERTY, PLANT AND EQUIPMENT, NET

Note 9 — PROPERTY, PLANT AND EQUIPMENT, NET

 

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

 

   As of March 31, 
   2024   2025   2025 
   S$   S$   US$ 
Leasehold buildings and leasehold improvement*   7,850,784    8,288,008    6,164,379 
Computers   67,657    70,635    52,536 
Office equipment   48,315    49,695    36,962 
Machinery   530,183    530,182    394,335 
Furniture, fixtures & fittings   57,721    61,971    46,092 
Motor vehicles   2,045,884    2,745,758    2,042,215 
Subtotal   10,600,544    11,746,249    8,736,519 
Less: Accumulated depreciation and amortization   (4,788,661)   (5,346,692)   (3,976,715)
Property, plant and equipment, net   5,811,883    6,399,557    4,759,804 

 

*Leasehold buildings and leasehold improvements include construction in progress amounting to S$433,263 (US$322,009), which is expected to be completed by February 2028. The construction is financed through bank borrowings, as disclosed in Note 12.

 

Depreciation expenses of owned assets for the years ended March 31, 2023, 2024 and 2025 amounted to S$287,043, S$316,843 and S$339,675 (US$252,640), respectively. Certain leasehold properties are pledged to the banks for the Company’s bank loans (Note 12).

 

No impairment loss had been recognized during the years ended March 31, 2023, 2024 and 2025, respectively.

 

The carrying value of property, plant and equipment on finance lease arrangements held by the Company are summarized as follows:

 

   As of March 31, 
   2024   2025   2025 
   S$   S$   US$ 
Motor vehicles   1,559,976    2,241,131    1,666,888 
Less: Accumulated amortization   (1,136,177)   (1,406,214)   (1,045,901)
Motor vehicles, net   423,799    834,917    620,987 

  

Amortization expenses of assets under finance lease arrangements for the years ended March 31, 2023, 2024 and 2025 amounted to S$253,062, S$219,170 and S$270,036 (US$200,845), respectively.