| Schedule of Future Finance Lease Payments |
Future finance lease payments as of March 31,
2024 and 2025, are detailed as follows:
| | |
As of March 31, | |
| | |
2024 | | |
2025 | | |
2025 | |
| Finance leases | |
S$ | | |
S$ | | |
US$ | |
| 2025 | |
| 190,711 | | |
| — | | |
| — | |
| 2026 | |
| 146,686 | | |
| 238,473 | | |
| 177,369 | |
| 2027 | |
| 116,289 | | |
| 200,085 | | |
| 148,817 | |
| 2028 | |
| 98,298 | | |
| 182,094 | | |
| 135,436 | |
| 2029 | |
| 46,876 | | |
| 128,072 | | |
| 95,256 | |
| 2030 | |
| — | | |
| 68,013 | | |
| 50,586 | |
| Thereafter | |
| — | | |
| 75,113 | | |
| 55,867 | |
| Total future lease payment | |
| 598,860 | | |
| 891,850 | | |
| 663,331 | |
| Less: Imputed interest | |
| (51,187 | ) | |
| (99,020 | ) | |
| (73,648 | ) |
| Present value of finance lease liabilities | |
| 547,673 | | |
| 792,830 | | |
| 589,683 | |
| Less: Current portion | |
| (168,192 | ) | |
| (199,320 | ) | |
| (148,248 | ) |
| Long-term potion of finance lease liabilities | |
| 379,481 | | |
| 593,510 | | |
| 441,435 | |
|
| Schedule of Operating Leases and Finance Leases |
The
following table shows the weighted-average lease terms and discount rates for operating leases and finance leases:
| | | 2024 | | | 2025 | | | Weighted average remaining lease term (Years) | | | | | | | | Finance leases | | | 3 | | | | 3 | | | | | | | | | | | | | Weighted average discount rate | | | | | | | | | | Finance leases | | | 5 | % | | | 4 | % |
The
components of the finance lease cost are as follows:
| | |
For
the years ended 31 March, | |
| | |
2023 | | |
2024 | | |
2025 | | |
2025 | |
| | |
S$ | | |
S$ | | |
S$ | | |
US$ | |
| Finance lease cost: | |
| | |
| | |
| | |
| |
| Depreciation
of property, plant and equipment | |
| 253,062 | | |
| 219,170 | | |
| 270,036 | | |
| 200,845 | |
| Interest
on finance lease (Included in interest expense) | |
| 41,225 | | |
| 80,461 | | |
| 39,858 | | |
| 29,645 | |
| | |
| 294,287 | | |
| 299,631 | | |
| 309,894 | | |
| 230,490 | |
|