v3.25.2
Consolidated Statements of Cash Flows
 12 Months Ended
Mar. 31, 2025
SGD ($)
Mar. 31, 2025
USD ($)
Mar. 31, 2024
SGD ($)
Mar. 31, 2023
SGD ($)
Cash flows from operating activities        
Net income $ 2,237,865 $ 1,664,457 $ 3,355,409 $ 3,926,821
Adjustments to reconcile net income to net cash provided by operating activities        
Depreciation of property, plant and equipment 609,711 453,485 536,013 540,105
Amortization of right-of-use assets 1,291,797 960,801 986,420 667,660
Operating lease modifications (30,798) (22,907) (7,025) (53,991)
Property, plant and equipment write-off 3,534
Bad debts write-off 2,563
Gain on disposal of property, plant and equipment (957) (712) (5,000) (386)
Allowance for inventories write-down 56,415 256,919
Provision for allowance for expected credit losses – third parties 358,426 266,587 68,436 214,169
Fair value change in financial instrument (5,478) (4,074) (9,502) (1,542)
Changes in operating assets and liabilities        
Accounts receivable, net (397,380) (295,560) (899,646) (1,745,800)
Other receivables (948,153) (705,209) 35,705 (53,357)
Advances to related parties 121,208 90,151 32,290
Inventories (1,328,153) (987,842) (524,506) (418,177)
Accounts payable 1,130,409 840,765 (229,789) 594,653
Other payables (850,431) (632,524) 1,602,687 (234,690)
Finance lease liabilities – interest portion of lease payment (39,858) (29,645) (80,461) (41,225)
Operating lease liabilities (1,224,960) (911,090) (816,855) (636,239)
Income tax payable (723,114) (537,829) 131,736 553,929
Net cash provided by operating activities 200,134 148,854 4,200,037 3,607,236
Cash flows from investing activities:        
Purchases of property, plant and equipment (615,809) (458,021) (235,355) (13,551)
Proceeds from disposal of property, plant and equipment 1,000 744 5,000 386
Disbursement of loan to third parties (7,680,380) (5,712,443)
Repayment of loan from third parties 2,500,000 1,859,427
Net cash used in investing activities (5,795,189) (4,310,293) (230,355) (13,165)
Cash flows from financing activities:        
Proceeds from common shares issued for cash 9,505,469 7,069,892
Advances from / (Repayment to) shareholders, net (186,950) 161,127
Dividends paid (2,000,000) (1,150,000)
Deferred IPO expenses (543,076)
Repayments of bank loans (566,835) (421,595) (126,628) (1,140,400)
Payments for finance lease liabilities – principal portion (165,385) (123,009) (76,991) (173,950)
Net cash (used in)/ provided by financing activities 8,773,249 6,525,288 (2,933,645) (2,303,223)
Net changes in cash and cash equivalents 3,178,194 2,363,849 1,036,037 1,290,848
Cash and cash equivalents at beginning of the year 3,468,594 2,579,839 2,432,557 1,141,709
Cash and cash equivalents at end of the year 6,646,788 4,943,688 3,468,594 2,432,557
Supplement disclosures of cash flow information        
Income taxes paid (943,066) (701,425) (660,471) (316,396)
Interest paid $ (200,638) $ (149,229) $ (214,462) $ (142,496)