| Intangible Assets |
|
|
|
IT
platform
|
|
|
Software
|
|
|
License
|
|
|
Business relationships
|
|
|
Brand name
|
|
|
Development
costs
|
|
|
Total
|
|
|
|
|
US$
|
|
|
US$
|
|
|
US$
|
|
|
US$
|
|
|
US$
|
|
|
US$
|
|
|
US$
|
|
|
Cost
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of February 29, 2020
|
|
|
300,149
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
300,149
|
|
|
Additions
|
|
|
9,457,562
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
204,448
|
|
|
|
9,662,010
|
|
|
Reclassification to IT platform
|
|
|
186,317
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
(186,317
|
)
|
|
|
—
|
|
|
As of February 28, 2021
|
|
|
9,944,028
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
18,131
|
|
|
|
9,962,159
|
|
|
Additions
|
|
|
—
|
|
|
|
3,200,000
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
4,073,566
|
|
|
|
7,273,566
|
|
|
Acquired through business combination
|
|
|
—
|
|
|
|
977,921
|
|
|
|
265,992
|
|
|
|
283,107
|
|
|
|
1,067,948
|
|
|
|
—
|
|
|
|
2,594,968
|
|
|
As of February 28, 2022
|
|
|
9,944,028
|
|
|
|
4,177,921
|
|
|
|
265,992
|
|
|
|
283,107
|
|
|
|
1,067,948
|
|
|
|
4,091,697
|
|
|
|
19,830,693
|
|
|
Accumulated amortisation
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of February 29, 2020
|
|
|
9,172
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
9,172
|
|
|
Amortisation for the year
|
|
|
141,644
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
141,644
|
|
|
As of February 28, 2021
|
|
|
150,816
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
150,816
|
|
|
Amortisation for the year
|
|
|
1,343,377
|
|
|
|
162,987
|
|
|
|
44,332
|
|
|
|
23,592
|
|
|
|
88,996
|
|
|
|
—
|
|
|
|
1,663,284
|
|
|
As of February 28, 2022
|
|
|
1,494,193
|
|
|
|
162,987
|
|
|
|
44,332
|
|
|
|
23,592
|
|
|
|
88,996
|
|
|
|
—
|
|
|
|
1,814,100
|
|
|
Impairment loss
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of February 29, 2020
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
Impairment loss
|
|
|
1,907,503
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
1,907,503
|
|
|
As of February 28, 2021
|
|
|
1,907,503
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
1,907,503
|
|
|
Impairment loss
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
As of February 28, 2022
|
|
|
1,907,503
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
1,907,503
|
|
|
Carrying amounts
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
As of 28 February 2021
|
|
|
7,885,709
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
—
|
|
|
|
18,131
|
|
|
|
7,903,840
|
|
|
As of 28 February 2022
|
|
|
6,542,332
|
|
|
|
4,014,934
|
|
|
|
221,660
|
|
|
|
259,515
|
|
|
|
978,952
|
|
|
|
4,091,697
|
|
|
|
16,109,090
|
|
During the financial year, cost incurred amounting to US$4,073,566 (2021: US$204,448) of development expenditure for Kratos™ platform has been capitalised from the point in time the development of the platform becomes technically feasible.
At each reporting period the Group is required to assess whether or not the carrying value of its intangible assets are in excess of their fair value. If the carrying value of intangible assets is in excess of their fair value, an impairment charge is taken to reduce the carrying value to equal its fair value. The determination of fair value requires the use of estimates and judgments. Fair value is determined by applying a discounted cash flows model (“DCF”) to determine the value in use or the net realizable value. Inputs to a DCF model include estimates of the performance of our business over a period of time and a discount rate. The discount rate used reflects a weighted average cost of capital for a representative peer group of financial technology companies which was 15.7%(19.6%).
|