v3.26.1
Leases
 12 Months Ended
Mar. 31, 2026
Leases  
Leases

7. Leases

 

The following table shows ROU assets – finance leases and ROU assets – operating leases, finance lease liabilities and operating lease liabilities, and the associated financial statement line items as of March 31:

  

         
   As of March 31, 
   2026   2025 
   USD   USD 
Assets          
Right-of-use assets – finance lease, net   84,200    147,967 
Right-of-use assets – operating lease, net   40,880    - 
           
Liabilities          
Finance lease liabilities, current   48,345    66,150 
Finance lease liabilities, non-current   -    48,345 
Operating lease liabilities, current   34,892    - 
Operating lease liabilities, non-current   5,988    - 
           
Weighted average remaining lease term – finance leases (in years)   0.75    1.68 
Weighted average remaining lease term – operating leases (in years)   1.17    - 
Weighted average discount rate – finance leases (%)   4.23    4.22 
Weighted average discount rate – operating leases (%)   

5.00

    - 

 

 

Information relating to finance and operating lease activities during the years ended March 31, 2026, 2025 and 2024 are as follows:

   

          
   For the years ended March 31, 
   2026   2025   2024 
   USD   USD   USD 
Finance leases:               
Amortization of right-of-use assets – finance lease   63,767    68,098    79,521 
Interest of finance lease liabilities   3,533    6,385    10,294 
Total finance lease expense    67,300    74,483    89,815 
Operating lease:               
Cash paid for operating lease   30,128    -    - 
Expenses related to a short-term lease   9,487    51,538    37,179 
Operating lease expense    39,615    51,538    37,179 
                
Total lease expenses   106,915    126,021    126,994 
                
Cash outflows related to finance leases:               
Financing cash outflows – principal paid   66,150    67,372    119,465 
Financing cash outflows – interests paid   3,533    6,385    10,294 
Cash outflows related to finance leases    69,683    73,757    129,759 
                
Cash outflows related to operating lease:               
Operating cash outflows - rental paid   

39,615

    51,538    37,179 

 

During the years ended March 31, 2026, 2025 and 2024, there was no addition to right-of-use assets – finance lease. Right-of-use assets – finance lease represented purchases of certain motor vehicles under finance leases for its operations. Lease contracts are entered into for fixed term of 60 months. Lease terms are negotiated on an individual basis and contain different terms and conditions. The amortization of finance lease right-of-use assets was USD63,767, USD68,098 and USD79,521 for the years ended March 31, 2026, 2025 and 2024, respectively, and included in the cost of revenue.

 

During the year ended March 31, 2026, there was addition to right-of-use assets – operating lease. Lease contracts are entered into for fixed term of 24 months. The operating lease expense was USD30,128, nil and nil for the years ended March 31, 2026, 2025 and 2024, respectively, and included in the general and administrative expenses.

 

Maturities of lease payments under finance lease liabilities were as follows:

  

       
   As of March 31, 
   2026   2025 
   USD   USD 
Year ending March 31,          
2026   -    69,683 
2027   49,207    49,207 
Total undiscounted finance lease payments   49,207    118,890 
Less: imputed interest   (862)   (4,395)
Finance lease liabilities recognized in the Consolidated Balance Sheet   48,345    114,495 

 

Maturities of lease payments under operating lease liabilities were as follows:

   

       
   As of March 31, 
   2026   2025 
   USD   USD 
Year ending March 31,          
2027   36,154    - 
2028   6,026    - 
Total lease payments   42,180    - 
Less: imputed interest   (1,300)   - 
Operating lease liabilities recognized in the Consolidated Balance Sheet   40,880    -