v3.26.1
Fair Value of Assets and Liabilities
 12 Months Ended
Mar. 31, 2026
Fair Value of Assets and Liabilities [Abstract]  
Fair value of assets and liabilities
23. Fair value of assets and liabilities

 

Fair value measurement

 

The accounting standard regarding fair value of financial instruments and related fair value measurements defines financial instruments and requires disclosure of the fair value of financial instruments held by the Company.

 

The accounting standards define fair value, establish a three-level valuation hierarchy for disclosures of fair value measurement and enhance disclosure requirements for fair value measures. The three levels are defined as follow:

 

●Level 1 — Quoted prices (unadjusted) in active market for identical assets or liabilities that the Company can access at the measurement date

 

●Level 2 — Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly, and

 

●Level 3 — Unobservable inputs for the asset or liability.

 

Assets measured at fair value

 

The following table shows an analysis of the Company’s asset measured at fair value at the end of the reporting period:

 

   Fair value measurements at the end of the reporting period using 
   Quoted prices in
active markets for
identical asset		   Significant
observable inputs
other than quoted
prices		   Significant
unobservable
inputs		     
   (Level 1)   (Level 2)   (Level 3)   Total 
   US$   US$   US$   US$ 
Recurring fair value measurements                    
March 31, 2026                                                                                                        
Financial asset:                    
Other investment
(Note 5)		   —    —    2,500,000    2,500,000 
                     
March 31, 2025                    
Financial asset:                    
                     
Other investment
(Note 5)		   —    —    —    — 

Level 3 fair value measurement

 

(i) Information about significant unobservable inputs used in Level 3 fair value measurements

 

The following table shows the information about fair value measurements using significant unobservable inputs (Level 3):

 

Description  Valuation techniques  Key unobservable inputs  March 31,
2026		   March 31,
2025		 
               
At fair value through other comprehensive income – other investment (unquoted equity securities)  Discounted cash flow  Cost of equity   15.50%         - 
      Discount for lack of marketability   16.32%   - 

 

(ii) Movements in Level 3 assets measure at fair value

 

   2026   2025 
   US$   US$ 
   Fair value
measurements
using significant
unobservable
inputs (Level 3)		 
   Unquoted equity securities 
         
At beginning of financial year   
—
    
—
 
Acquisition of equity investment   2,500,000    
—
 
At end of financial year   2,500,000    
—
 

 

Assets and liabilities not measured at fair value

 

Cash and cash equivalents, amounts due from/to related parties, loans to related parties, other receivables and other payables

 

The carrying amount of these balances approximate their fair value due to the short-term nature of these balances.

 

Trade receivables and trade payables

 

The carrying amount of these receivables and payables approximate their fair value as they are subject to normal trade credit terms.

 

Lease liabilities and bank borrowings

 

The carrying amount of these balances approximate their fair value as they are subject to interest rates close to the market rate of interest for similar arrangements with financial institutions.