| Right-of-use assets |
Information
about leases for which the Group is lessees are presented below:
Schedule
of right of use assets
| | |
Commercial premises | |
| | |
USD | |
| | |
| |
| Cost | |
| | |
| As at April 1, 2024 | |
| 1,396,730 | |
| Additions | |
| 921,737 | |
| Derecognition arising from lease termination | |
| (269,876 | ) |
| Exchange difference | |
| 103,211 | |
| | |
| | |
| As at March 31, 2025/April 1, 2025 | |
| 2,151,802 | |
| Right of use assets at cost | |
| 2,151,802 | |
| Exchange difference | |
| (469,369 | ) |
| | |
| | |
| As at March 31, 2026 | |
| 1,682,433 | |
| Right of use assets at cost | |
| 1,682,433 | |
| | |
| | |
| Accumulated amortisation | |
| | |
| As at April 1, 2024 | |
| 916,607 | |
| Charge for the financial year | |
| 500,144 | |
| Derecognition arising from lease termination | |
| (269,876 | ) |
| Exchange difference | |
| 64,772 | |
| | |
| | |
| As at March 31, 2025/April 1, 2025 | |
| 1,211,647 | |
| Right of use assets accumulated amortization | |
| 1,211,647 | |
| Charge for the financial year | |
| 474,871 | |
| Exchange difference | |
| (537,578 | ) |
| | |
| | |
| As at March 31, 2026 | |
| 1,148,940 | |
| Right of use assets accumulated amortization | |
| 1,148,940 | |
| | |
| | |
| Carrying amount | |
| | |
| | |
| | |
| As at March 31, 2026 | |
| 533,493 | |
| | |
| | |
| As at March 31, 2025 | |
| 940,155 | |
The
Group leases commercial premises, some of which include options to extend or terminate the leases. Management has assessed these options
on a lease-by-lease basis and has excluded extension periods and early termination clauses from the lease term where it is not reasonably
certain that the respective options will be exercised. Accordingly, the related lease liabilities and right-of-use assets have been measured
based on the lease term excluding such optional periods.
|