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

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

Property, plant and equipment

Property, plant and equipment

12 Months Ended

Feb. 28, 2022

Disclosure Of Property Plant And Equipment [Abstract]

4	Property, plant and equipment

	Office equipment			Fixtures and fittings		Motor vehicles		Right-of- use assets		Total
	US$			US$		US$		US$		US$
Cost
As of February 29, 2020		3,854									3,854
Additions		28,918			258,360		156,402		1,229,376		1,673,056
As of February 28, 2021		32,772			258,360		156,402		1,229,376		1,676,910
Additions		76,054			180,970		—		759,629		1,016,653
Disposals		(15,208	)		—		—		—		(15,208	)
As of February 28, 2022		93,618			439,330		156,402		1,989,005		2,678,355
Accumulated depreciation
As of February 29, 2020		2,355			—		—		—		2,355
Depreciation for the year		4,315			3,589		23,460		115,931		147,295
As of February 28, 2021		6,670			3,589		23,460		115,931		149,650
Depreciation for the year		29,050			122,774		46,921		406,679		605,424
Disposals		(6,383	)		—		—		—		(6,383	)
As of February 28, 2022		29,337			126,363		70,381		522,610		748,691
Carrying amounts
As of February 28, 2021		26,102			254,771		132,942		1,113,445		1,527,260
As of February 28, 2022		64,281			312,967		86,021		1,466,395		1,929,664

Property, plant and equipment include right-of-use assets of US$1,466,395 (2021: US$1,113,445) and corresponding lease liabilities of US$1,538,808 (2021: US$1,128,965) related to rental of its office premises for the financial year ended February 28, 2022.