Financial Risk Management (Tables)
|
12 Months Ended |
Feb. 28, 2022 |
|---|
| Disclosure Of Nature And Extent Of Risks Arising From Financial Instruments [Abstract] |
|
| Schedule of Credit Risk for Trade Receivables |
At the reporting date, the exposure to credit risk for trade receivables at the reporting date by type of counterparty was as follows:
|
|
|
Year
ended
February 28,
2022
|
|
|
Year
ended
February 28,
2021
|
|
|
|
|
US$
|
|
|
US$
|
|
|
Trade receivables, net
|
|
|
43,850,652
|
|
|
|
22,853,115
|
|
|
Loan receivables, net
|
|
|
4,655,371
|
|
|
|
—
|
|
|
|
|
|
48,506,023
|
|
|
|
22,853,115
|
|
|
| Schedule of Ageing of Trade and Loan Receivables |
The ageing of trade and loan receivables at the reporting date was:
|
|
|
Non-
credit
impaired
|
|
|
Credit
impaired
|
|
|
|
|
US$
|
|
|
US$
|
|
|
2022
|
|
|
|
|
|
|
|
|
|
Current
|
|
|
25,938,750
|
|
|
|
432,971
|
|
|
Past due 1 – 60 days
|
|
|
6,413,032
|
|
|
|
1,040,009
|
|
|
Past due over 60 days
|
|
|
19,145,401
|
|
|
|
4,900,874
|
|
|
Total gross carrying amount
|
|
|
51,497,183
|
|
|
|
6,373,854
|
|
|
Loss allowance
|
|
|
(2,991,160
|
)
|
|
|
(6,373,854
|
)
|
|
|
|
|
48,506,023
|
|
|
|
—
|
|
|
2021
|
|
|
|
|
|
|
|
|
|
Current
|
|
|
12,121,046
|
|
|
|
1,607,907
|
|
|
Past due 1 – 60 days
|
|
|
10,226,905
|
|
|
|
278,278
|
|
|
Past due over 60 days
|
|
|
867,264
|
|
|
|
1,860,282
|
|
|
Total gross carrying amount
|
|
|
23,215,215
|
|
|
|
3,746,467
|
|
|
Loss allowance
|
|
|
(362,100
|
)
|
|
|
(3,746,467
|
)
|
|
|
|
|
22,853,115
|
|
|
|
—
|
|
|
| Schedule of Contractual Undiscounted Cash Outflows of Non-Derivative Financial Liabilities |
The following are the contractual undiscounted cash outflows of non-derivative financial liabilities:
|
|
|
Carrying
amount
|
|
|
Contractual
cash flows
|
|
|
Within
1 year
|
|
|
Within
1 to 5
years
|
|
|
More
than
5 years
|
|
|
|
|
US$
|
|
|
US$
|
|
|
US$
|
|
|
US$
|
|
|
US$
|
|
|
2022
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-derivative financial liabilities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other payables*
|
|
|
15,397,623
|
|
|
|
19,270,448
|
|
|
|
17,770,448
|
|
|
|
1,500,000
|
|
|
|
—
|
|
|
Lease liability
|
|
|
1,538,808
|
|
|
|
1,667,720
|
|
|
|
481,793
|
|
|
|
1,185,927
|
|
|
|
—
|
|
|
|
|
|
16,936,431
|
|
|
|
20,938,168
|
|
|
|
18,252,241
|
|
|
|
2,685,927
|
|
|
|
—
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2021
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-derivative financial liabilities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other payables*
|
|
|
6,918,641
|
|
|
|
6,918,641
|
|
|
|
6,918,641
|
|
|
|
—
|
|
|
|
—
|
|
|
Lease liability
|
|
|
1,128,965
|
|
|
|
1,196,487
|
|
|
|
312,127
|
|
|
|
884,360
|
|
|
|
—
|
|
|
|
|
|
8,047,606
|
|
|
|
8,115,128
|
|
|
|
7,230,768
|
|
|
|
884,360
|
|
|
|
—
|
|
|
| Schedule of Foreign Currency Risk |
The Group’s exposure to foreign currency risk was as follows based on notional amounts:
|
|
|
Year
ended
February 28,
2022
|
|
|
Year
ended
February 28,
2021
|
|
|
|
|
US$
|
|
|
US$
|
|
|
Singapore dollars
|
|
|
|
|
|
|
|
|
|
Cash and cash equivalents
|
|
|
139,097
|
|
|
|
185,667
|
|
|
Other payables
|
|
|
—
|
|
|
|
(78,621
|
)
|
|
Lease liabilities
|
|
|
(1,059,681
|
)
|
|
|
(1,128,965
|
)
|
|
|
|
|
(920,584
|
)
|
|
|
(1,021,919
|
)
|
|
| Summary of Increase in Profit or Loss by 5% Strengthening of United States Dollars |
A 5% strengthening of United States dollars against the following currency at the reporting date would have increased profit or loss by the amounts shown below. This analysis is based on foreign currency exchange rate variances that the Group considered to be reasonably possible at the end of the reporting period. The analysis assumes that all other variables, in particular interest rates, remain constant.
|
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|
Profit/(Loss)
|
|
|
|
|
Year
ended
February 28,
2022
|
|
|
Year
ended
February 28,
2021
|
|
|
|
|
US$
|
|
|
US$
|
|
|
Singapore dollars
|
|
|
46,029
|
|
|
|
51,096
|
|
|
| Summary of Accounting Classification and Carrying Amounts of Financial Instruments not Recognised at Fair Value |
The following table sets out the accounting classification and carrying amounts of the Group’s financial instruments not recognised at fair value.
|
|
|
Fair value through profit and loss
|
|
|
Amortised
cost
|
|
|
Total
carrying
amount
|
|
|
|
|
US$
|
|
|
US$
|
|
|
US$
|
|
|
2022
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trade receivables
|
|
|
—
|
|
|
|
43,850,652
|
|
|
|
43,850,652
|
|
|
Loan receivables
|
|
|
—
|
|
|
|
4,655,371
|
|
|
|
4,655,371
|
|
|
Other assets#
|
|
|
—
|
|
|
|
523,116
|
|
|
|
523,116
|
|
|
Cash and cash equivalents
|
|
|
—
|
|
|
|
68,809,057
|
|
|
|
68,809,057
|
|
|
Other investments
|
|
|
25,142,783
|
|
|
|
—
|
|
|
|
25,142,783
|
|
|
|
|
|
25,142,783
|
|
|
|
117,838,196
|
|
|
|
142,980,979
|
|
|
Financial liabilities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other payables*
|
|
|
1,067,321
|
|
|
|
14,330,302
|
|
|
|
15,397,623
|
|
|
Warrants liabilities
|
|
|
3,039,141
|
|
|
|
—
|
|
|
|
3,039,141
|
|
|
Lease liabilities
|
|
|
—
|
|
|
|
1,538,808
|
|
|
|
1,538,808
|
|
|
|
|
|
4,106,462
|
|
|
|
15,869,110
|
|
|
|
19,975,572
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2021
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Financial assets
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Trade receivables
|
|
|
—
|
|
|
|
22,853,115
|
|
|
|
22,853,115
|
|
|
Other assets#
|
|
|
—
|
|
|
|
490,631
|
|
|
|
490,631
|
|
|
Cash and cash equivalents
|
|
|
—
|
|
|
|
134,025,561
|
|
|
|
134,025,561
|
|
|
Restricted cash
|
|
|
—
|
|
|
|
35,686,643
|
|
|
|
35,686,643
|
|
|
|
|
|
—
|
|
|
|
193,055,950
|
|
|
|
193,055,950
|
|
|
Financial liabilities
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other payables*
|
|
|
—
|
|
|
|
6,918,641
|
|
|
|
6,918,641
|
|
|
Warrants liabilities
|
|
|
43,811,798
|
|
|
|
—
|
|
|
|
43,811,798
|
|
|
Lease liabilities
|
|
|
—
|
|
|
|
1,128,965
|
|
|
|
1,128,965
|
|
|
|
|
|
43,811,798
|
|
|
|
8,047,606
|
|
|
|
51,859,404
|
|
#exclude prepayments
*exclude provisions
|