XML 28 R12.htm IDEA: XBRL DOCUMENT v3.25.2
ACCOUNTS RECEIVABLE, NET
 12 Months Ended
Mar. 31, 2025
Receivables [Abstract]  
ACCOUNTS RECEIVABLE, NET

NOTE – 4 ACCOUNTS RECEIVABLE, NET

 

Accounts receivable, net consisted of the following:

 

 

   2024   2025   2025 
   As of March 31, 
   2024   2025   2025 
   HKD   HKD   USD 
             
Accounts receivable – third parties  $2,591,154   $2,546,327   $326,452 
Less: allowance for expected credit losses   (1,080,870)   (682,489)   (87,499)
                
Accounts receivable, net  $1,510,284   $1,863,838   $238,953 

 

 

ROMA GREEN FINANCE LIMITED AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEARS ENDED MARCH 31, 2023, 2024 AND 2025

 

The following table presents the activities in the allowance for expected credit losses:

 

 

   2023   2024   2025   2025 
   Years ended March 31, 
   2023   2024   2025   2025 
   HKD   HKD   HKD   USD 
                 
Balance at April 1,  $297,107   $855,652   $1,080,870   $138,573 
                     
Written-off   -    -    (499,756)   (64,071)
Allowance for expected credit losses   558,069    225,347    101,712    13,040 
Exchange translation difference   476    (129)   (338)   (43)
                     
Balance at March 31,  $855,652   $1,080,870   $682,489   $87,499 

 

The Company generally conducts its business with creditworthy third parties. The Company determines, on a continuing basis, the probable losses and an allowance for expected credit losses, based on several factors including internal risk ratings, customer credit quality, payment history, historical bad debt/write-off experience and forecasted economic and market conditions. Accounts receivable are written off after exhaustive collection efforts occur and the receivable is deemed uncollectible. In addition, receivable balances are monitored on an ongoing basis and its exposure to bad debts is not significant.

 

Allowance for expected credit losses were recognized HKD558,069, HKD225,347 and HKD101,712 (USD13,040) during the years ended March 31, 2023, 2024 and 2025, respectively. The Company has written off accounts receivable of HKD0, HKD0 and HKD499,756 (USD64,071) during the years ended March 31, 2023, 2024 and 2025.