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RIGHT-OF-USE ASSETS AND LEASE LIABILITIES
 12 Months Ended
Mar. 31, 2025
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, 2025 and March 31, 2024 were as follows:
NoteBuildings
Vehicles and equipment
Total
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 
Additions17,577 11,463 29,040 
Amortization(24,129)(9,695)(33,824)
Acquisition of subsidiaries
5
14,766 — 14,766 
Exchange and other adjustments5,000 1,648 6,648 
Balance, at March 31, 2025
$98,802 $23,489 $122,291 
Changes in the balance of lease liabilities during the years ended March 31, 2025 and March 31, 2024 were as follows:
Note
2025
2024
Balance, at April 1
$111,379 $97,249 
Additions29,040 37,978 
Interest6,048 5,473 
Payments(36,567)(31,553)
Acquisition of subsidiaries
5
14,766 6,560 
Exchange and other adjustments4,727 (4,328)
Balance, at March 31
$129,393 $111,379 
Less: current portion32,694 27,571 
$96,699 $83,808 
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, 2025, the Company recognized an expense related to short-term and low-value leases of $4,077, in cost of revenues (March 31, 2024 - $4,450), and $2,409 (March 31, 2024 - $1,729) in selling, general and administrative expenses in the consolidated statements of income (loss).
The annual lease obligations for the next five years and thereafter are as follows:

As at
March 31, 2025
Less than one year$36,598 
One - two years29,694 
Two - three years20,683 
Three - four years16,785 
Four - five years13,951 
Due in over five years29,605 
Total undiscounted lease liabilities$147,316 
The Company does not face a significant liquidity risk in regard to its lease obligations