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Leases | 12 Months Ended
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Mar. 31, 2024
Leases |
Leases | 7. Leases The following table shows ROU assets – finance leases and finance lease liabilities, and the associated financial statement line items as of March 31: Schedule of Finance Leases ROU assets and Finance Lease Liabilities
|  | 2024 |  |  | 2023 |
|  | As of March 31, |
|  | 2024 |  |  | 2023 |
|  | USD |  |  | USD |
Assets |  |  |  |  |  |  |  |
Right-of-use assets – finance lease, net |  |  | 216,065 |  |  |  | 343,182 |
Liabilities |  |  |  |  |  |  |  |
Finance lease liabilities, current |  |  | 67,372 |  |  |  | 84,959 |
Finance lease liabilities, non-current |  |  | 114,495 |  |  |  | 216,373 |
Weighted average remaining lease term (in years) |  |  | 2.7 |  |  |  | 3.4 |
Weighted average discount rate (%) |  |  | 4.3 |  |  |  | 4.4 |
Information relating to financing and operating lease activities during the years ended March 31, 2024, 2023 and 2022 are as follows: Schedule of Information Relating to Financing and Operating Lease Activities
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | For the years ended March 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | USD |  |  | USD |  |  | USD |
Finance leases: |  |  |  |  |  |  |  |  |  |  |  |
Amortization of right-of-use assets – finance lease |  |  | 79,521 |  |  |  | 74,671 |  |  |  | 51,892 |
Interest of finance lease liabilities |  |  | 10,294 |  |  |  | 20,031 |  |  |  | 8,053 |
Total finance lease expense |  |  | 89,815 |  |  |  | 94,702 |  |  |  | 59,945 |
Operating lease: |  |  |  |  |  |  |  |  |  |  |  |
Expenses related to a short-term lease |  |  | 37,179 |  |  |  | 33,333 |  |  |  | 21,260 |
Operating lease cost |  |  | 37,179 |  |  |  | 33,333 |  |  |  | 21,260 |
Total lease expenses |  |  | 126,994 |  |  |  | 128,035 |  |  |  | 81,205 |
Cash outflows related to finance leases: |  |  |  |  |  |  |  |  |  |  |  |
Financing cash outflows – principal paid |  |  | 119,465 |  |  |  | 131,456 |  |  |  | 43,750 |
Operating cash outflows – interests paid |  |  | 10,294 |  |  |  | 20,031 |  |  |  | 8,053 |
Cash outflows related to finance leases |  |  | 129,759 |  |  |  | 151,487 |  |  |  | 51,803 |
Cash outflows related to operating lease: |  |  |  |  |  |  |  |  |  |  |  |
Operating cash outflows - rental paid |  |  | 37,179 |  |  |  | 33,333 |  |  |  | 21,260 |
During the year ended March 31, 2024, additions to right-of-use assets – finance lease were nil (2023: USD297,179) (2022: nil). This amount represented the purchase of a motor vehicle under finance lease. Right-of-use assets – finance lease represented purchases of certain motor vehicles under finance leases for its operations. Lease contracts are entered into for fixed term of 60 months (2023: 60 months) (2022: 36 months to 60 months), Lease terms are negotiated on an individual basis and contain different terms and conditions. Maturities of lease payments under finance lease liabilities were as follows: Schedule of Maturity of Lease Payments under Finance Lease Liabilities
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | As of March 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | USD |  |  | USD |  |  | USD |
Year ending March 31, |  |  |  |  |  |  |  |  |  |  |  |
2023 |  |  | - |  |  |  | - |  |  |  | 51,803 |
2024 |  |  | - |  |  |  | 96,508 |  |  |  | 46,577 |
2025 |  |  | 73,757 |  |  |  | 96,508 |  |  |  | 30,898 |
2026 |  |  | 69,683 |  |  |  | 82,954 |  |  |  | 17,345 |
2027 |  |  | 49,207 |  |  |  | 49,207 |  |  |  | - |
Total undiscounted finance lease payments |  |  | 192,647 |  |  |  | 325,177 |  |  |  | 146,623 |
Less: imputed interest |  |  | (10,780 | ) |  |  | (23,845 | ) |  |  | (11,015 | )
Finance lease liabilities recognized in the Consolidated Balance Sheet |  |  | 181,867 |  |  |  | 301,332 |  |  |  | 135,608 |

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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