XML 35 R19.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Leases
 12 Months Ended
Mar. 31, 2024
Presentation of leases for lessee [abstract]  
Leases Leases
The Company leases certain properties under non-cancellable lease agreements that relate to office spaces and vehicles. The remaining lease terms are between one and six years.
The roll-forward of lease right-of-use assets is as follows:
20242023
Cost$$
Balance - Beginning of fiscal year36,480 37,001 
Additions3,819 1,613 
Modifications to and disposals of lease contracts(6,701)(1,992)
Exchange differences(70)(142)
Balance - End of fiscal year33,528 36,480 
Accumulated depreciation
Balance - Beginning of fiscal year15,507 11,462 
Depreciation charge7,946 8,244 
Modifications to and disposals of lease contracts(6,935)(4,074)
Exchange differences(65)(125)
Balance - End of fiscal year16,453 15,507 
Net book value
Balance - Beginning of fiscal year20,973 25,539 
Balance - End of fiscal year17,075 20,973 
Offices16,516 20,332 
Vehicles559 641 
The maturity analysis of lease liabilities as at March 31, 2024 is as follows:
Fiscal Year$
20256,942 
20265,073 
20273,676 
20283,133 
20292,412 
20301,975 
Total minimum payments23,211 
Expenses relating to short-term leases, including those excluded due to the election of the practical expedient allowing the Company to expense lease payments for short-term leases and leases for which the underlying asset is of low value, as well as variable lease payments not included in the measurement of lease liabilities, were approximately $2,689 for the fiscal year ended March 31, 2024 (2023 - $2,716). The interest expense for the fiscal year ended March 31, 2024 was $1,211 (2023 - $1,075).