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

Property, plant and equipment

v3.22.2
Property, plant and equipment
12 Months Ended
Feb. 28, 2022
Disclosure Of Property Plant And Equipment [Abstract]  
Property, plant and equipment

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.