| Schedule of Trade Receivables |
Trade receivables consist of the following:
| | |
As of
March 31,
2025 | | |
As of
March 31,
2024 | |
| | |
(US$) | | |
(US$) | |
| Receivable from related parties | |
| 184,381 | | |
| 444,082 | |
| Receivable from others | |
| 3,281,806 | | |
| 3,367,494 | |
| Less: allowance for doubtful debts (expected credit loss) | |
| (113,732 | ) | |
| (129,274 | ) |
| Total receivables | |
$ | 3,352,455 | | |
$ | 3,682,302 | |
|
| Schedule of Risk Profile of Trade Receivables Based on the Group’s Provision Matrix |
As The Group’s historical credit loss experience
does not show significantly different loss patterns for different customer segments, the provision for loss allowance based on past due
status is not further distinguished between The Group’s different customer base.
| As at March 31, 2025 (All Amounts in USD) | | |
| | |
| | |
| | |
| |
| | |
| | |
| | |
| | |
| | |
| | |
| |
| Ageing | |
Not past
due
&<30 | | |
31 - 90 | | |
90 - 180 | | |
180 - 365 | | |
>365 | | |
Total | |
| Gross carrying amount | |
| 2,430,351 | | |
| 357,079 | | |
| 242,683 | | |
| 237,530 | | |
| 198,543 | | |
| 3,466,187 | |
| Expected loss rate | |
| 0.00 | % | |
| 0.00 | % | |
| 0.04 | % | |
| 6.61 | % | |
| 50.00 | % | |
| | |
| Estimated total gross carrying amount at default | |
| 2,430,351 | | |
| 357,079 | | |
| 242,683 | | |
| 237,530 | | |
| 198,543 | | |
| 3,466,187 | |
| Lifetime ECL | |
| — | | |
| — | | |
| 175 | | |
| 14,286 | | |
| 99,272 | | |
| 113,732 | |
| As at March 31, 2024 (All Amounts in USD) | | |
| | |
| | |
| | |
| |
| | |
| | |
| | |
| | |
| | |
| | |
| |
| Ageing | |
Not past
due
&<30 | | |
31 - 90 | | |
90 - 180 | | |
180 - 365 | | |
>365 | | |
Total | |
| Gross carrying amount | |
| 2,821,141 | | |
| 335,357 | | |
| 276,851 | | |
| 138,164 | | |
| 240,063 | | |
| 3,811,576 | |
| Expected loss rate | |
| 0.00 | % | |
| 0.00 | % | |
| 0.04 | % | |
| 6.61 | % | |
| 50.00 | % | |
| | |
| Estimated total gross carrying amount at default | |
| 2,821,141 | | |
| 335,357 | | |
| 276,851 | | |
| 138,164 | | |
| 240,063 | | |
| 3,811,576 | |
| Lifetime ECL | |
| — | | |
| — | | |
| 106 | | |
| 9,137 | | |
| 120,031 | | |
| 129,274 | |
|
| Schedule of Movement in Lifetime ECL that has Been Recognized for Trade Receivables in Accordance |
The following table shows
the movement in lifetime ECL that has been recognized for trade receivables in accordance with the simplified approach set out in IFRS
9.
| | |
Collectively
assessed | | |
Individually
assessed | |
| | |
| | |
| |
| Balance as at 31 March 2025 | |
$ | 3,466,187 | | |
| — | |
| Balance as at 31 March 2024 | |
$ | 3,811,576 | | |
| — | |
|