v3.26.1
RIGHT-OF-USE ASSETS
 12 Months Ended
Mar. 31, 2026
RIGHT-OF-USE ASSETS

 

12. RIGHT-OF-USE ASSETS

 

       
  Leased properties HK$’000  
COST        
At April 1, 2024     2,919  
Write-off     (2,919 )
         
At March 31, 2025 and 2026     -  
         
ACCUMULATED DEPRECIATION        
At April 1, 2024     2,189  
Provided for the year     730  
Write-off     (2,919 )
         
At March 31, 2025 and 2026     -  
         
CARRYING VALUES        
At March 31, 2026     -  
         
At March 31, 2025     -  

 

Depreciation expenses for the years ended March 31, 2024, 2025 and 2026 amounted to HK$973,000, HK730,000 and HK$nil, respectively, which were included in administrative expenses. No impairment losses were recognized during any of the years presented.

 

During the year ended March 31, 2025, the lease term for certain right-of-use assets expired. As the related assets had been fully depreciated, their gross carrying amount of HK$2,919,000 were written off, resulting in no impact on the consolidated statements of profit or loss and other comprehensive income.