FINANCIAL INSTRUMENTS (Tables)
|
12 Months Ended |
Mar. 31, 2026 |
|---|
| Notes and other explanatory information [abstract] |
|
| Schedule of categories of financial instruments |
| Schedule of categories of financial instruments |
|
|
|
|
|
|
|
|
| |
|
As of March 31, |
|
| |
|
2025 |
|
|
2026 |
|
| |
|
|
HK$’000 |
|
|
|
HK$’000 |
|
| |
|
|
|
|
|
|
|
|
| Financial assets |
|
|
|
|
|
|
|
|
| Amortized cost |
|
|
|
|
|
|
|
|
| Trade receivables - net |
|
|
14,704 |
|
|
|
64,600 |
|
| Deposit and other receivables |
|
|
638 |
|
|
|
2,476 |
|
| Bank balance – client accounts |
|
|
54,503 |
|
|
|
965 |
|
| Bank balances and cash |
|
|
6,084 |
|
|
|
7,360 |
|
| |
|
|
|
|
|
|
|
|
| Financial assets |
|
|
75,929 |
|
|
|
75,401 |
|
| |
|
|
|
|
|
|
|
|
| Financial liabilities |
|
|
|
|
|
|
|
|
| Amortized cost |
|
|
|
|
|
|
|
|
| Trade payables |
|
|
55,829 |
|
|
|
1,858 |
|
| Other payables |
|
|
1,756 |
|
|
|
2,090 |
|
| Amount due to a director |
|
|
3,407 |
|
|
|
3,204 |
|
| Loan from a former related company |
|
|
150 |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
| Financial liabilities |
|
|
61,142 |
|
|
|
7,152 |
|
|
| Schedule of non-trade receivables |
| Schedule of non-trade receivables |
|
|
|
|
| Category |
|
Definition |
|
Loss provision |
| |
|
|
|
|
| Performing |
|
Low
risk of default and strong capacity to repay |
|
12m
ECL |
| |
|
|
|
|
| Non-performing |
|
Significant
increase in credit risk |
|
Lifetime
ECL |
|
| Schedule of expected credit losses |
| Schedule of expected
credit losses |
|
|
|
|
|
|
|
|
| |
|
As of March 31, |
|
| |
|
2025 |
|
|
2026 |
|
| |
|
HK$’000 |
|
|
HK$’000 |
|
| Breakdown of impairment allowance |
|
|
|
|
|
|
|
|
| Trade receivables from contracts with
customers |
|
|
24,184 |
|
|
|
33,660 |
|
|
| Schedule of loss allowance for trade receivables |
| Schedule of internal credit risk grading |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Gross carrying
amount |
|
|
Loss
allowance |
|
|
Net carrying
amount |
|
| |
|
HK$’000 |
|
|
HK$’000 |
|
|
HK$’000 |
|
| |
|
|
|
|
|
|
|
|
|
| At March 31, 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
| Non-performing |
|
|
38,888 |
|
|
|
(24,184 |
) |
|
|
14,704 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| At March 31, 2026 |
|
|
|
|
|
|
|
|
|
|
|
|
| Non-performing |
|
|
98,260 |
|
|
|
(33,660 |
) |
|
|
64,600 |
|
The movement in the loss allowance for trade receivables from contracts
with customers during the year is summarized below.
| Schedule of
loss allowance for trade receivables |
|
|
|
|
|
|
|
|
| |
|
Non-
performing |
|
|
Total |
|
| |
|
HK$’000 |
|
|
HK$’000 |
|
| |
|
|
|
|
|
|
| At April 1, 2023 |
|
|
27,835 |
|
|
|
27,835 |
|
| Increase in loss allowance |
|
|
863 |
|
|
|
863 |
|
| At March 31, 2024 |
|
|
28,698 |
|
|
|
28,698 |
|
| Increase in loss allowance |
|
|
330 |
|
|
|
330 |
|
| Write-offs |
|
|
(4,844 |
) |
|
|
(4,844 |
) |
| At March 31, 2025 |
|
|
24,184 |
|
|
|
24,184 |
|
| Increase in loss allowance |
|
|
9,491 |
|
|
|
9,491 |
|
| Disposal of a subsidiary |
|
|
(15 |
) |
|
|
(15 |
) |
| |
|
|
|
|
|
|
|
|
| At March 31, 2026 |
|
|
33,660 |
|
|
|
33,660 |
|
|
| Schedule of loss allowance for trade receivables |
| Schedule of
loss allowance for trade receivables |
|
|
|
|
|
|
|
|
| |
|
Non-
performing |
|
|
Total |
|
| |
|
HK$’000 |
|
|
HK$’000 |
|
| |
|
|
|
|
|
|
| At April 1, 2023 |
|
|
27,835 |
|
|
|
27,835 |
|
| Increase in loss allowance |
|
|
863 |
|
|
|
863 |
|
| At March 31, 2024 |
|
|
28,698 |
|
|
|
28,698 |
|
| Increase in loss allowance |
|
|
330 |
|
|
|
330 |
|
| Write-offs |
|
|
(4,844 |
) |
|
|
(4,844 |
) |
| At March 31, 2025 |
|
|
24,184 |
|
|
|
24,184 |
|
| Increase in loss allowance |
|
|
9,491 |
|
|
|
9,491 |
|
| Disposal of a subsidiary |
|
|
(15 |
) |
|
|
(15 |
) |
| |
|
|
|
|
|
|
|
|
| At March 31, 2026 |
|
|
33,660 |
|
|
|
33,660 |
|
|
| Schedule of customers revenue |
| Schedule of customers revenue |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
2024 |
|
|
2024 |
|
|
2025 |
|
|
2025 |
|
|
2026 |
|
|
2026 |
|
| |
|
|
HK$’000 |
|
|
|
% |
|
|
|
HK$’000 |
|
|
|
% |
|
|
|
HK$’000 |
|
|
|
% |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Customer A |
|
|
13,288 |
|
|
|
40 |
% |
|
|
32,581 |
|
|
|
61 |
% |
|
|
47,251 |
|
|
|
76 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Customer B |
|
|
* |
|
|
|
- |
|
|
|
* |
|
|
|
- |
|
|
|
9,124 |
|
|
|
15 |
% |
* Less than 10% of the total revenue
Details of the customers accounting for 10% or more of total trade receivables are as
follows:
| |
|
2025 |
|
|
2025 |
|
|
2026 |
|
|
2026 |
|
| |
|
HK$’000 |
|
|
% |
|
|
HK$’000 |
|
|
% |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Customer A |
|
|
7,545 |
|
|
|
51 |
% |
|
|
50,961 |
|
|
|
79 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Customer B |
|
|
* |
|
|
|
- |
|
|
|
8,045 |
|
|
|
12 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Customer C |
|
|
3,979 |
|
|
|
27 |
% |
|
|
* |
|
|
|
- |
|
* Less than 10% of the total trade receivables
|
| Schedule of Group’s remaining contractual maturity for its non-derivative financial liabilities |
| Schedule of Group’s
remaining contractual maturity for its non-derivative financial liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
On demand or
less than 1 year |
|
|
Total undiscounted
cash flows |
|
|
Carrying
amount |
|
| |
|
HK$’000 |
|
|
HK$’000 |
|
|
HK$’000 |
|
| |
|
|
|
|
|
|
|
|
|
| At March 31, 2025 |
|
|
|
|
|
|
|
|
|
|
|
|
| Trade payables |
|
|
55,829 |
|
|
|
55,829 |
|
|
|
55,829 |
|
| Other payables |
|
|
1,756 |
|
|
|
1,756 |
|
|
|
1,756 |
|
| Amount due to a director |
|
|
3,407 |
|
|
|
3,407 |
|
|
|
3,407 |
|
| Loan from a former related company |
|
|
150 |
|
|
|
150 |
|
|
|
150 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| financial Assets |
|
|
61,142 |
|
|
|
61,142 |
|
|
|
61,142 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| At March 31, 2026 |
|
|
|
|
|
|
|
|
|
|
|
|
| Trade payables |
|
|
1,858 |
|
|
|
1,858 |
|
|
|
1,858 |
|
| Other payables |
|
|
2,090 |
|
|
|
2,090 |
|
|
|
2,090 |
|
| Amount due to a director |
|
|
3,204 |
|
|
|
3,204 |
|
|
|
3,204 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| financial liabilities |
|
|
7,152 |
|
|
|
7,152 |
|
|
|
7,152 |
|
|