| Non-controlling interests (NCI) |
17.
Non-controlling interests (NCI)
Non-controlling
interests (“NCI”) represent the portion of net assets in consolidated entities that are not owned by the Company.
The
following table represent the non-controlling ownership interests and non-controlling interest balances reported in stockholder’s
equity as of May 31, 2026 and February 28, 2026 respectively.
Schedule
of Non-controlling Ownership Interest
| | |
| 053126 | | |
| 022826 | | |
| 053126 | | |
| 022826 | | |
| 053126 | | |
| 022826 | | |
| 053126 | | |
| 022826 | |
| | |
Xide | | |
Taining | | |
Leshan | | |
Total | |
| | |
| 053126 | | |
| 022826 | | |
| 053126 | | |
| 022826 | | |
| 053126 | | |
| 022826 | | |
| 053126 | | |
| 022826 | |
| NCI ownership interest | |
| 33 | % | |
| 33 | % | |
| 28 | % | |
| 28 | % | |
| 35 | % | |
| 35 | % | |
| | | |
| | |
| NCI balances | |
| (112,514 | ) | |
| (110,980 | ) | |
| (126,362 | ) | |
| (121,579 | ) | |
| 10,931 | | |
| 18,671 | | |
| (227,945 | ) | |
| (213,888 | ) |
The
summarized financial information for subsidiary that has non-controlling interest which are material to the Company is provided below.
This information is based on amounts before inter-company elimination.
Summarized
statement of financial position as at
Schedule
of Statement of Financial Positions
| | |
| 053126 | | |
| 022826 | | |
| 053126 | | |
| 022826 | | |
| 053126 | | |
| 022826 | | |
| 053126 | | |
| 022826 | |
| | |
Xide | | |
Taining | | |
Leshan | | |
Total | |
| | |
| 053126 | | |
| 022826 | | |
| 053126 | | |
| 022826 | | |
| 053126 | | |
| 022826 | | |
| 053126 | | |
| 022826 | |
| Non-current assets | |
| 5,664 | | |
| 5,598 | | |
| 26,126 | | |
| 35,021 | | |
| 443,398 | | |
| 419,216 | | |
| 475,188 | | |
| 459,835 | |
| Current assets | |
| 2,083 | | |
| 1,142 | | |
| 8,714 | | |
| 23,882 | | |
| 44,000 | | |
| 56,177 | | |
| 54,797 | | |
| 81,201 | |
| Current liabilities | |
| (314,716 | ) | |
| (309,058 | ) | |
| (143,722 | ) | |
| (150,700 | ) | |
| (313,179 | ) | |
| (280,532 | ) | |
| (771,617 | ) | |
| (740,290 | ) |
| Non-current liabilities | |
| - | | |
| - | | |
| - | | |
| - | | |
| (64,405 | ) | |
| (62,936 | ) | |
| (64,405 | ) | |
| (62,936 | ) |
| Net assets | |
| (306,969 | ) | |
| (302,318 | ) | |
| (108,882 | ) | |
| (91,797 | ) | |
| 109,814 | | |
| 131,925 | | |
| (306,037 | ) | |
| (262,190 | ) |
| Less: Hangzhou Zhuyi capital and additional paid-in capital | |
| - | | |
| - | | |
| (298,228 | ) | |
| (298,228 | ) | |
| (84,753 | ) | |
| (84,753 | ) | |
| (382,981 | ) | |
| (382,981 | ) |
| Less: OCI | |
| 4,883 | | |
| 781 | | |
| (17,935 | ) | |
| (19,361 | ) | |
| (7,804 | ) | |
| (6,288 | ) | |
| (20,856 | ) | |
| (24,868 | ) |
| Accumulated Deficits | |
| (302,086 | ) | |
| (301,537 | ) | |
| (425,045 | ) | |
| (409,386 | ) | |
| 17,257 | | |
| 40,884 | | |
| (709,874 | ) | |
| (670,039 | ) |
| Accumulated Deficits attributable to NCI | |
| (99,689 | ) | |
| (99,508 | ) | |
| (119,012 | ) | |
| (114,628 | ) | |
| 6,040 | | |
| 14,310 | | |
| (212,661 | ) | |
| (199,826 | ) |
| Plus: OCI attributable to NCI | |
| (12,825 | ) | |
| (11,472 | ) | |
| (7,350 | ) | |
| (6,951 | ) | |
| 4,891 | | |
| 4,361 | | |
| (15,284 | ) | |
| (14,062 | ) |
| NCI balances | |
| (112,541 | ) | |
| (110,980 | ) | |
| (126,362 | ) | |
| (121,579 | ) | |
| 10,931 | | |
| 18,671 | | |
| (227,945 | ) | |
| (213,888 | ) |
|