RECONCILIATION OF LIABILITIES ARISING FROM FINANCING ACTIVITIES

6 Months Ended

12 Months Ended

Sep. 30, 2024

Mar. 31, 2024

RECONCILIATION OF LIABILITIES ARISING FROM FINANCING ACTIVITIES

24 RECONCILIATION OF LIABILITIES ARISING FROM FINANCING ACTIVITIES

The table below details changes in the Group’s liabilities arising from financing activities, including both cash and non-cash changes. Liabilities arising from financing activities are those for which cash flows were, or future cash flows will be, classified in the Group’s unaudited interim condensed consolidated statement of cash flows as cash flows from financing activities.

	Preferred shares			Convertible loan notes		Amount due from immediate holding company			Amount due to a related company		Loan from immediate holding company			Loan from a related company			Total
	US$			US$		US$			US$		US$			US$			US$
At 31 March 2023		13,460,000			3,349,822		506			-		2,328,926			1,060,712			20,199,966
Financing cash flows
Additions		-			100,000		200,000			-		564,483			-			864,483
Repayments		-			-		-			-		-			-			-
Non-cash transaction		-			-		-			34,579		-			-			34,579
Interest expenses		-			132,153		-			-		100,671			40,110			272,934
Fair value/other adjustments		(5,044,000	)		126,000		-			-		-			-			(4,918,000	)
At 30 September 2023		8,416,000			3,707,975		200,506			34,579		2,994,080			1,100,822			16,453,962
At 31 March 2024		9,359,000			4,090,342		5,345,929			34,579		1,930,993			1,140,931			21,901,774
Financing cash flows
Additions		-			-		713,719			-		2,335,461			-			3,049,180
Repayments		-			-		-			-		-			-			-
Non-cash transaction		369,648			1,165,479		(6,059,142	)		-		(1,940,858	)		(1,165,479	)		(7,630,352	)
Interest expenses		-			151,245		-			-		58,077			24,548			233,870
Fair value/other adjustments		(3,539,648	)		274,000		(506	)		-		-			-			(3,266,154	)
At 30 September 2024		6,189,000			5,681,066		-			34,579		2,383,673			-			14,288,318

24 RECONCILIATION OF LIABILITIES ARISING FROM FINANCING ACTIVITIES

The table below details changes in the Group’s liabilities arising from financing activities, including both cash and non-cash changes. Liabilities arising from financing activities are those for which cash flows were, or future cash flows will be, classified in the Group’s combined statement of cash flows as cash flows from financing activities.

	Preferred shares			Convertible loan notes		Amount due from immediate holding company			Amount due from a related company		Loan from immediate holding company			Loan from a related company		Total
	US$			US$		US$			US$		US$			US$		US$
At 1 April 2022		11,619,000			-		506			-		-			-		11,619,506
Financing cash flows
Additions		-			3,250,000		600,000			-		2,250,000			1,000,000		7,100,000
Repayments		-			-		(600,000	)		-		-			-		(600,000	)
Interest expenses		-			80,822		-			-		78,926			60,712		220,460
Fair value adjustments		1,841,000			19,000		-			-		-			-		1,860,000
At 31 March 2023		13,460,000			3,349,822		506			-		2,328,926			1,060,712		20,199,966
Financing cash flows
Additions		-			100,000		5,345,423			-		564,483			-		6,009,906
Repayments		-			-		-			-		(1,150,000	)		-		(1,150,000	)
Non-cash transaction		-			-		-			34,579		-			-		34,579
Interest expenses		-			266,520		-			-		187,584			80,219		534,323
Fair value adjustments		(4,101,000	)		374,000		-			-		-			-		(3,727,000	)
At 31 March 2024		9,359,000			4,090,342		5,345,929			34,579		1,930,993			1,140,931		21,901,774