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)

Operating segment

Operating segment

12 Months Ended

Feb. 28, 2021

Disclosure Of Operating Segments [Abstract]

26	Operating segment

Operating segments are identified on the basis of internal reports about components of the Group that are regularly reviewed by the CODM (“Chief Operating Decision Maker”) for the purpose of resource allocation and performance assessment.

Segment results, assets and liabilities include items directly attributable to a segment as well as those that can be allocated on a reasonable basis. The Group operates in a single business segment which is a financial technology platform that facilitates trading and trade finance for small and medium sized enterprises using innovative blockchain-enabled technology. No operating segments have been aggregated to form the following reportable operating segment.

Business segment

The Group has only one operating segment for the year ended February 29, 2020, namely the trading platform business, the details of which are set out below:

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Trading platform business – Engage customers to trade on the platform where the Group earns a fee based on the percentage agreed in the sales contract. Fees charged are based on total trading volume or total approved funds.

Geographical information

Revenue

	Year ended February 28, 2021		Year ended February 29, 2020		Year ended February 28, 2019
	US$		US$		US$
United Arab Emirates		26,769,533		1,634,115		—
Singapore		14,517,264		9,496,854		—
Hong Kong		7,488,714		3,378,300		—
Malaysia		4,584,790		1,887,039		—
Other countries		2,113,424		501,870		—
		55,473,725		16,898,178		—

The revenue information of continuing operations above is based on the location of the customers’ country of incorporation.

Non-current assets

All non-current assets of continuing operations above are based in Singapore.

Major customers

Revenue from top five customers of the Group’s trading platform business segment represents US$19,361,802 (2020: US$8,619,056; 2019: zero) of the Group’s total revenues.