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

Lease liabilities

v3.22.2
Lease liabilities
12 Months Ended
Feb. 28, 2022
Lease Liabilities [Abstract]  
Lease liabilities

15

Lease liabilities

 

 

 

As of

February 28,

2022

 

 

As of

February 28,

2021

 

 

 

US$

 

 

US$

 

Non-current liabilities

 

 

 

 

 

 

 

 

Lease liabilities

 

 

1,194,027

 

 

 

868,536

 

Current liabilities

 

 

 

 

 

 

 

 

Lease liabilities

 

 

344,781

 

 

 

260,429

 

 

In determining the right-of-use asset, the Group used an interest rate of 5.66% (2021: 5.25%) per annum.

Right-of-use assets relate to leased properties that do not meet the definition of investment property are presented as property, plant and equipment (see Note 4).

 

Amounts recognized in profit or loss

 

 

 

Year ended

February 28,

2022

 

 

Year ended

February 28,

2021

 

 

Year ended

February 29,

2020

 

 

 

US$

 

 

US$

 

 

US$

 

Depreciation on rights-of-use assets

 

 

406,679

 

 

 

115,931

 

 

 

-

 

Interest on lease liabilities

 

 

69,424

 

 

 

24,756

 

 

 

-