Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Trade receivables

v3.22.2
Trade receivables
 12 Months Ended
Feb. 28, 2022
Trade Receivables External Customers [Abstract]  
Trade receivables

9

Trade receivables

 

 

 

As of

February 28,

2022

 

 

As of

February 28,

2021

 

 

 

US$

 

 

US$

 

Gross trade receivables

 

 

53,204,934

 

 

 

26,961,682

 

Less: Impairment loss allowance of trade receivables

 

 

(9,354,282

)

 

 

(4,108,567

)

Net trade receivables

 

 

43,850,652

 

 

 

22,853,115

 

 

Credit terms are generally in the range of 60 to 120 days (2021: 90 days).

 

 

The movement in the impairment loss allowance of trade receivables during the year is as follows:

 

 

 

Non-

credit

impaired

 

 

Credit

impaired

 

 

Total

 

 

 

US$

 

 

US$

 

 

US$

 

As of February 29, 2020

 

 

138,956

 

 

 

—

 

 

 

138,956

 

Impairment loss recognised

 

 

223,144

 

 

 

3,746,467

 

 

 

3,969,611

 

As of February 28, 2021

 

 

362,100

 

 

 

3,746,467

 

 

 

4,108,567

 

Impairment loss recognised

 

 

2,618,328

 

 

 

4,170,801

 

 

 

6,789,129

 

Write-off

 

 

—

 

 

 

(1,543,414

)

 

 

(1,543,414

)

As of February 28, 2022

 

 

2,980,428

 

 

 

6,373,854

 

 

 

9,354,282

 

 

The Group’s exposure to credit and currency risks, and impairment loss allowance for these trade receivables, is disclosed in Note 26.