Financial Assets at FVTPL

12 Months Ended

Apr. 30, 2023

Financial assets at fair value through profit or loss [abstract]

20.	FINANCIAL ASSETS AT FVTPL


	2022		2023
	US$		US$
Unlisted equity securities (note (i))		11,091		489
Movie income right investments (note (ii))		8,039		13,924

		19,130		14,413

Presented as:


Current	—	9,243
Non-current	19,130	5,170

	19,130	14,413

Notes:

(i)

The Company classified certain equity securities as

non-current

when Company considered that these equity securities are held for long-term purposes and would realize their performance potential in the long run.

During the year ended April 30, 2022, the Group disposed a financial asset measured at FVTPL to an independent third party with a gain of US$16,752 at consideration of US$32,520 which is recorded as consideration receivable on disposal of financial assets at FVTPL included in account and other receivables as of April 30, 2022 (note 21). The consideration receivable, in the form of a loan note from an independent third party, is unsecured, carries a fixed interest rate of 1.2% per month and repayable within one year. The related interest receivable of

US$

677 at April 30, 2022 was included in other receivables (note 21). The consideration receivable and related interest receivable were fully settled in October 2022.

During the year ended April 30, 2023, the Group disposed financial assets measured at FVTPL to independent third parties at the consideration of US$25,650 and resulting in a gain on disposal of US$15,036.

(ii)

As of April 30, 2022 and 2023, the financial assets at FVTPL of the Group includes movie income right agreements with a production house, which are independent third parties, with a carrying value of US$8,039 and US$13,924, respectively. In accordance to the relevant agreements, the Group is entitled to certain percentage of the profit to be derived from the release of the films upon entering into the agreement. The Group may be required to further contribute to the film program due to the budget overruns. Any agreed further contribution to the film program due to the budget overruns of the film program by the Group will be added to the carrying amounts of financial assets.