XML 45 R12.htm IDEA: XBRL DOCUMENT v3.24.2
Amounts Due from Related Party, Net
 12 Months Ended
Mar. 31, 2024
Amounts Due from Related Party, Net [Abstract]  
Amounts Due from Related Party, Net

5. Amounts Due from Related Party, Net

 

As of March 31, 2023 and 2024, amounts due from related party consisted of the following balances:

 

   As of March 31, 
   2024   2023 
Amounts due from related party  $3,985   $
-
 
Less: allowance for expected credit losses   (37)   
-
 
Total amounts from related party, net  $3,858   $
-
 

 

The movement of allowance for expected credit losses is as follow:

 

   As of March 31, 
   2024   2023 
Balance at April 1  $
-
   $
-
 
Provision for expected credit losses   37    
-
 
Balance at March 31  $37   $
-
 

 

The Group adopted ASU 2016-13 from April 1, 2023 using modified-retrospective transition approach with a cumulative-effect adjustment to shareholders’ equity amounting to nil being recognized as of April 1, 2023.