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

Loan Receivables (Tables)

v3.22.2
Loan Receivables (Tables)
12 Months Ended
Feb. 28, 2022
Loan Receivables [Abstract]  
Summary of Loan Receivables

 

 

As of

February 28,

2022

 

 

As of

February 28,

2021

 

 

 

US$

 

 

US$

 

 

 

 

 

 

 

 

 

 

Gross loan receivables

 

 

4,666,103

 

 

 

 

Less: Impairment loss on allowance of loan receivables

 

 

(10,732

)

 

 

 

Net loan receivables

 

 

4,655,371

 

 

 

 

 

 

Summary of Movement in Impairment Loss Allowance of Loan Receivables

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

 

 

 

Non-

credit

impaired

 

 

Credit

impaired

 

 

Total

 

 

 

US$

 

 

US$

 

 

US$

 

As of February 28, 2021

 

 

 

 

 

 

 

 

 

Assumed from business combination

 

 

13,986

 

 

 

 

 

 

13,986

 

Impairment loss recognised

 

 

191

 

 

 

 

 

 

191

 

Written off

 

 

(3,445

)

 

 

 

 

 

(3,445

)

As of February 28, 2022

 

 

10,732

 

 

 

 

 

 

10,732