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RIGHT-OF-USE ASSETS AND LEASE LIABILITIES
 12 Months Ended
Mar. 31, 2024
Leases [Abstract]  
RIGHT-OF-USE ASSETS AND LEASE LIABILITIES RIGHT-OF-USE ASSETS AND LEASE LIABILITIES
Changes in the net balance of right-of-use assets during the years ended March 31, 2024 and March 31, 2023 were as follows:
NoteBuildings
Vehicles and equipment
Total
Balance, at March 31, 2022
$69,505 $11,784 $81,289 
Additions22,514 8,322 30,836 
Amortization(17,541)(6,519)(24,060)
Acquisition of subsidiaries
5
3,059 510 3,569 
Exchange and other adjustments2,343 235 2,578 
Balance, at March 31, 2023
$79,880 $14,332 $94,212 
Additions25,411 12,567 37,978 
Amortization(21,596)(8,060)(29,656)
Acquisition of subsidiaries
5
4,184 1,362 5,546 
Exchange and other adjustments(2,291)(128)(2,419)
Balance, at March 31, 2024
$85,588 $20,073 $105,661 
Changes in the balance of lease liabilities during the years ended March 31, 2024 and March 31, 2023 were as follows:
Note
2024
2023
Balance, at April 1
$97,249 $82,820 
Additions37,978 30,836 
Interest5,473 4,016 
Payments(31,553)(24,999)
Acquisition of subsidiaries
5
6,560 3,640 
Exchange and other adjustments(4,328)936 
Balance, at March 31
$111,379 $97,249 
Less: current portion27,571 23,994 
$83,808 $73,255 
The right-of-use assets and lease liabilities relate to leases of real estate properties, automobiles and other equipment. For the year ended March 31, 2024, the Company recognized an expense related to short-term and low-value leases of $4,450, in cost of revenues (March 31, 2023 - $2,564), and $1,729
(March 31, 2023 - $1,750) in selling, general and administrative expenses in the consolidated statements of income.
The annual lease obligations for the next five years and thereafter are as follows:

As at
March 31, 2024
Less than one year$31,066 
One - two years25,068 
Two - three years19,337 
Three - four years12,460 
Four - five years9,685 
Due in over five years30,234 
Total undiscounted lease liabilities$127,850 
The Company does not face a significant liquidity risk in regard to its lease obligations