| LEASE LIABILITIES |
19
LEASE LIABILITIES
Changes
in lease liability is as follows:
SCHEDULE OF CHANGES IN LEASE LIABILITY
| | |
At | | |
At | |
| | |
March 31, 2026 | | |
March 31, 2025 | |
| | |
USD | | |
USD | |
| At the beginning of the year | |
| 237,675 | | |
| 365,356 | |
| Increase in lease liability (note) | 1 |
| 87,768 | | |
| - | |
| Interest expense (note 8) | |
| 12,134 | | |
| 17,236 | |
| Lease modification adjustment | |
| 18,874 | | |
| (5,955 | ) |
| Reduction in lease liability | |
| (199,658 | ) | |
| (138,962 | ) |
| Exchange realignment | |
| (598 | ) | |
| - | |
| At the end of the year | |
| 156,195 | | |
| 237,675 | |
| 1 | The Group entered into an 18-month office lease in the United Kingdom, commencing in April 2025, with
monthly rent of GBP3,782 (approximately: $5,105). |
| Note: | The Group entered into an 18-month office lease in the United Kingdom, commencing in April 2025, with
monthly rent of GBP3,782 (approximately: $5,105). |
Classified
in the consolidated statements of financial position as follows:
SCHEDULE OF LEASE LIABILITIES
| | |
At | | |
At | |
| | |
March 31, 2026 | | |
March 31, 2025 | |
| | |
USD | | |
USD | |
| Current | |
| 156,195 | | |
| 126,808 | |
| Non-current | |
| - | | |
| 110,867 | |
| Lease liabilities | |
| 156,195 | | |
| 237,675 | |
Maturity
of lease liabilities is as follows:
SCHEDULE OF MATURITY OF LEASE LIABILITIES
| | |
At | | |
At | |
| | |
March 31, 2026 | | |
March 31, 2025 | |
| | |
| USD | | |
| USD | |
| Not later than one year | |
| 158,643 | | |
| 135,670 | |
| Later than one year and not later than five years | |
| - | | |
| 113,058 | |
| Maturity of lease liabilities | |
| 158,643 | | |
| 248,728 | |
| Finance costs | |
| (2,448 | ) | |
| (11,053 | ) |
| Present value of minimum lease payments | |
| 156,195 | | |
| 237,675 | |
The
lease commitments have been discounted to calculate a present value of commitments using a weighted average cost of capital rate of 4.66%
(2025: 5.25%).
|