Schedule
of lease liabilities
| |
|
2026 |
|
|
2025 |
|
| |
|
USD |
|
|
USD |
|
| |
|
|
|
|
|
|
| As at April 1 |
|
|
961,875 |
|
|
|
500,308 |
|
| Additions |
|
|
- |
|
|
|
921,737 |
|
| Accretion of interest |
|
|
50,459 |
|
|
|
48,245 |
|
| Payments |
|
|
(453,062 |
) |
|
|
(508,415 |
) |
| As at March 31 |
|
|
|
|
|
|
|
|
| As at March 31 |
|
|
559,272 |
|
|
|
961,875 |
|
The
maturity analysis of the lease liabilities are as follows:
Schedule
of maturity analysis
| | |
2026 | | |
2025 | |
| | |
USD | | |
USD | |
| | |
| | |
| |
| Minimum lease payments: | |
| | | |
| | |
| Less than one year | |
| 405,346 | | |
| 499,557 | |
| Later than one year but not later than five years | |
| 181,428 | | |
| 463,873 | |
| More than five years | |
| - | | |
| 71,705 | |
| | |
| | | |
| | |
| Total minimum lease payments | |
| 586,774 | | |
| 1,035,135 | |
| Less: Unearned interest | |
| (27,502 | ) | |
| (73,260 | ) |
| | |
| | | |
| | |
| Present value of lease liabilities | |
| 559,272 | | |
| 961,875 | |
The
lease liabilities component is analysed as follows:
Schedule
of lease liabilities
| | |
2026 | | |
2025 | |
| | |
USD | | |
USD | |
| | |
| | |
| |
| Current | |
| 382,862 | | |
| 223,630 | |
| Non-current | |
| 176,410 | | |
| 738,245 | |
| | |
| | | |
| | |
| Total
lease liabilities | |
| 559,272 | | |
| 961,875 | |
The
Group does not face a significant liquidity risk with regard to its lease liabilities.
The
lease liabilities comprise of commercial premises. The Group applied the incremental borrowing rate to the lease liabilities of 6.65%
(2025: 6.65%)
per annum.
The total cash outflows for lease amounted to USD405,224 (2025: USD462,955).
|