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LONG-TERM PREPAYMENTS AND OTHER NON-CURRENT ASSETS

12 Months Ended

Feb. 28, 2022

LONG-TERM PREPAYMENTS AND OTHER NON-CURRENT ASSETS

LONG-TERM PREPAYMENTS AND OTHER NON-CURRENT ASSETS

11. LONG-TERM PREPAYMENTS AND OTHER NON-CURRENT ASSETS

Long-term prepayments and other non-current assets consisted of the following:


	As of		As of
	February 28,		February 28,
	2021		2022

Loan to employees ⁽¹⁾		3,700		566
Loan receivable ⁽²⁾		36,012		—
Other non-current assets ⁽³⁾		17,982		4,852

	$	57,694	$	5,418

(1)

Please see Note 5(3) for details of loan to employees.

(2)

The balances represented long-term loans to certain third parties with original maturity over one year. As of February 28, 2022, the loan receivable will be due within one year and was reclassified to prepaid expenses and other current assets in Note 5.

(3)

As of February 28, 2021 and 2022, other non-current assets were primarily made up of prepayment for property and equipment, the construction in process and long-term service fees.

The Group recognized nil, $30,724 and $21,393 impairment loss of long-term prepayments and other non-current assets during the fiscal year ended February 29, 2020, February 28, 2021 and 2022, respectively.