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

Contract Costs (Tables)

v3.22.2
Contract Costs (Tables)
12 Months Ended
Feb. 28, 2022
Disclosure Of Assets Recognised From Costs To Obtain Or Fulfil Contracts With Customers [Abstract]  
Summary of Capitalised Contract Costs (Net)

 

 

As of

February 28,

2022

 

 

As of

February 28,

2021

 

 

 

US$

 

 

US$

 

Capitalised contract costs (net)

 

 

 

 

 

2,773,611

 

 

Summary of Movement in Capitalised Contract Costs

The movement in capitalised contract costs is as follows:

 

 

 

As of

February 28,

2022

 

 

As of

February 28,

2021

 

 

 

US$

 

 

US$

 

Balance as of beginning of financial year

 

 

2,773,611

 

 

 

 

Contract costs incurred

 

 

 

 

 

5,350,000

 

Amortisation to marketing and sales expenses (Note 22)

 

 

(1,277,110

)

 

 

(1,153,831

)

Contract costs refunded

 

 

 

 

 

(322,558

)

Impairment loss

 

 

(1,496,501

)

 

 

(1,100,000

)

Balance as of end of financial year

 

 

 

 

 

2,773,611

 

Summary of Movement in Impairment of Contract Costs

The movement in the impairment of contract costs is as follows:

 

 

 

As of

February 28,

2022

 

 

As of

February 28,

2021

 

 

 

US$

 

 

US$

 

Balance as of beginning of financial year

 

 

1,100,000

 

 

 

 

Charge to profit or loss

 

 

1,496,501

 

 

 

1,100,000

 

Balance as of end of financial year

 

 

2,596,501

 

 

 

1,100,000