| Schedule of Disaggregation Revenue |
Disaggregation
of revenue is as follows:
Schedule
of Disaggregation Revenue
| | |
2026 | | |
2025 | | |
2024 | |
| | |
For
the years ended March 31, | |
| | |
2026 | | |
2025 | | |
2024 | |
| | |
USD | | |
USD | | |
USD | |
| Provision of wet trades works | |
| | | |
| | | |
| | |
| Public | |
| 3,128,608 | | |
| 11,279,200 | | |
| 11,488,228 | |
| Private | |
| 7,889,682 | | |
| 22,571,841 | | |
| 16,084,464 | |
| Total revenue | |
| 11,018,290 | | |
| 33,851,041 | | |
| 27,572,692 | |
| Trading of wines and spirits | |
| 3,610,000 | | |
| - | | |
| - | |
| Total revenue | |
| 14,628,290 | | |
| 33,851,041 | | |
| 27,572,692 | |
Revenue disaggregated by timing
of revenue recognition for the years ended March 31, 2026, 2025 and 2024 is disclosed in the table below:
| | |
2026 | | |
2025 | | |
2024 | |
| | |
For the years ended March 31, | |
| | |
2026 | | |
2025 | | |
2024 | |
| | |
USD | | |
USD | | |
USD | |
| Revenue – Over time | |
| 11,018,290 | | |
| 33,851,041 | | |
| 27,572,692 | |
| Revenue – Point in time | |
| 3,610,000 | | |
| - | | |
| - | |
| Total revenue | |
| 14,628,290 | | |
| 33,851,041 | | |
| 27,572,692 | |
|
| Segment Reporting, Reconciliation of Segment Revenue to Consolidated Revenue and of Segment Gross Profit and Segment Operating Income to Consolidated (loss) Income Before Tax Expense |
A
reconciliation of total segment revenue to total consolidated revenue and of total segment gross profit and segment operating income
to total consolidated (loss) income before tax expense, for the years ended March 31, 2026, 2025 and 2024, is as follows:
Segment
Reporting, Reconciliation of Segment Revenue to Consolidated Revenue and of Segment Gross Profit and Segment Operating Income
to Consolidated (loss) Income Before Tax Expense
| | |
| | | |
| | | |
| | |
| | |
Year
ended March 31, 2026 | |
| | |
Provision
of wet trades works | | |
Trading
of wines and spirits | | |
Total | |
| | |
USD | | |
USD | | |
USD | |
| Revenue | |
| 11,018,290 | | |
| 3,610,000 | | |
| 14,628,290 | |
| Less:
Cost of revenue | |
| (15,118,493 | ) | |
| (2,200,000 | ) | |
| (17,318,493 | ) |
| Segment gross (loss)
profit | |
| (4,100,203 | ) | |
| 1,410,000 | | |
| (2,690,203 | ) |
| | |
| | | |
| | | |
| | |
| Staff costs | |
| (199,243 | ) | |
| (63,526 | ) | |
| (262,769 | ) |
| Depreciation | |
| (48,791 | ) | |
| - | | |
| (48,791 | ) |
| Lease expenses | |
| (30,577 | ) | |
| (9,038 | ) | |
| (39,615 | ) |
| Expected credit loss allowance | |
| (1,130,467 | ) | |
| - | | |
| (1,130,467 | ) |
| Interest expense | |
| (346,696 | ) | |
| - | | |
| (346,696 | ) |
| Other income | |
| 32,229 | | |
| - | | |
| 32,229 | |
| Other
segment expenses | |
| (592,599 | ) | |
| (33 | ) | |
| (592,632 | ) |
| Segment (loss) income | |
| (6,416,347 | ) | |
| 1,337,403 | | |
| (5,078,944 | ) |
| | |
| | | |
| | | |
| | |
| Reconciliation of segment
profit or loss | |
| | | |
| | | |
| | |
| Less: unallocated amounts | |
| | | |
| | | |
| | |
| Other income | |
| | | |
| | | |
| 37,117 | |
| Professional
fees | |
| | | |
| | | |
| (708,083 | ) |
| Loss before tax expense | |
| | | |
| | | |
| (5,749,910 | ) |
| | |
| | | |
| | | |
| | |
| | |
Year
ended March 31, 2025 | |
| | |
Provision
of wet trades works | | |
Trading
of wines and spirits | | |
Total | |
| | |
USD | | |
USD | | |
USD | |
| Revenue | |
| 33,851,041 | | |
| - | | |
| 33,851,041 | |
| Less:
Cost of revenue | |
| (35,157,150 | ) | |
| - | | |
| (35,157,150 | ) |
| Segment gross loss | |
| (1,306,109 | ) | |
| - | | |
| (1,306,109 | ) |
| | |
| | | |
| | | |
| | |
| Staff costs | |
| (397,560 | ) | |
| - | | |
| (397,560 | ) |
| Depreciation | |
| (48,791 | ) | |
| - | | |
| (48,791 | ) |
| Lease expenses | |
| (51,538 | ) | |
| - | | |
| (51,538 | ) |
| Expected credit loss allowance | |
| (836,720 | ) | |
| - | | |
| (836,720 | ) |
| Interest expense | |
| (508,810 | ) | |
| - | | |
| (508,810 | ) |
| Other income | |
| 981 | | |
| - | | |
| 981 | |
| Other
segment expenses | |
| (484,982 | ) | |
| - | | |
| (484,982 | ) |
| Segment loss | |
| (3,633,529 | ) | |
| - | | |
| (3,633,529 | ) |
| | |
| | | |
| | | |
| | |
| Reconciliation of segment
profit or loss | |
| | | |
| | | |
| | |
| Less: unallocated amounts | |
| | | |
| | | |
| | |
| Other income | |
| | | |
| | | |
| 51,759 | |
| IPO-related readiness costs | |
| | | |
| | | |
| (2,027,176 | ) |
| Professional
fees | |
| | | |
| | | |
| (201,959 | ) |
| Loss before tax expense | |
| | | |
| | | |
| (5,810,905 | ) |
| | |
| | | |
| | | |
| | |
| | |
Year
ended March 31, 2024 | |
| | |
Provision
of wet trades works | | |
Trading
of wines and spirits | | |
Total | |
| | |
USD | | |
USD | | |
USD | |
| Revenue | |
| 27,572,692 | | |
| - | | |
| 27,572,692 | |
| Less:
Cost of revenue | |
| (22,479,613 | ) | |
| - | | |
| (22,479,613 | ) |
| Segment gross profit | |
| 5,093,079 | | |
| - | | |
| 5,093,079 | |
| | |
| | | |
| | | |
| | |
| Staff costs | |
| (515,774 | ) | |
| - | | |
| (515,774 | ) |
| Depreciation | |
| (4,066 | ) | |
| - | | |
| (4,066 | ) |
| Lease expenses | |
| (37,179 | ) | |
| - | | |
| (37,179 | ) |
| Expected credit loss allowance | |
| (30,075 | ) | |
| - | | |
| (30,075 | ) |
| Interest expense | |
| (286,090 | ) | |
| - | | |
| (286,090 | ) |
| Other
segment expenses | |
| (709,884 | ) | |
| - | | |
| (709,884 | ) |
| Segment income | |
| 3,510,011 | | |
| - | | |
| 3,510,011 | |
| | |
| | | |
| | | |
| | |
| Reconciliation of segment
profit or loss | |
| | | |
| | | |
| | |
| Less: unallocated amounts | |
| | | |
| | | |
| | |
| Other income | |
| | | |
| | | |
| 15,297 | |
| IPO-related readiness costs | |
| | | |
| | | |
| (545,414 | ) |
| Professional
fees | |
| | | |
| | | |
| (4,361 | ) |
| Income before tax expense | |
| | | |
| | | |
| 2,975,533 | |
|