| OTHER INCOME, GAINS OR LOSSES |
7
OTHER INCOME, GAINS OR LOSSES
SCHEDULE
OF OTHER INCOME, GAINS OR LOSSES
| | |
| |
Six months ended | | |
Six months ended | |
| | |
Notes | |
30 September 2024 | | |
30 September 2023 | |
| | |
| |
USD | | |
USD | |
| Fair value change | |
| |
| | | |
| | |
| Preferred shares | |
(a) | |
| 3,539,648 | | |
| 5,044,000 | |
| Convertible loan notes | |
(b) | |
| (274,000 | ) | |
| (126,000 | ) |
| Bank interest income | |
| |
| 71 | | |
| 332 | |
| Subsidies from government authorities | |
| |
| 12,806 | | |
| 19,230 | |
| Other | |
| |
| 6 | | |
| 6,866 | |
| Fair value change | |
| |
| 3,278,531 | | |
| 4,944,428 | |
| |
(a) | The
preferred shares were fair valued, using an equity allocation model at the end of each reporting
period, which resulted in a gain of $3,539,648
for
the period ended 30 September 2024 (30 September 2023: a gain of $5,044,000). |
| |
(b) | The
Group has issued 8%
convertible loan notes. At 30 September 2024, there were $4,350,000
notes
outstanding (30 September 2023: $3,350,000).
The notes were fair valued at the end of each reporting period, resulting in a loss of $274,000
during
the period ended 30 September 2024 (30 September 2023: loss of $126,000). |
|
7
OTHER INCOME, GAINS OR (LOSSES)
OTHER INCOME, GAINS OR LOSSES
SCHEDULE
OF OTHER INCOME, GAINS OR LOSSES
| | |
| |
Year ended | | |
Year ended | |
| | |
Notes | |
31 March 2024 | | |
31 March 2023 | |
| | |
| |
USD | | |
USD | |
| Fair value change | |
| |
| | | |
| | |
| Preferred shares | |
(a) | |
| 4,101,000 | | |
| (1,841,000 | ) |
| Convertible loan notes | |
(b) | |
| (374,000 | ) | |
| (19,000 | ) |
| Bank interest income | |
| |
| 873 | | |
| 576 | |
| Subsidies from government authorities | |
| |
| 19,230 | | |
| 67,433 | |
| Other | |
| |
| 6,885 | | |
| 29,581 | |
| Other
income, gains or losses | |
| |
| 3,753,988 | | |
| (1,762,410 | ) |
| (a) |
The
preferred shares were fair valued, using an equity allocation model at the end of each reporting period, which resulted in a gain
of $4,101,000 for the year ended 31 March 2024 (2023: loss of $1,841,000). |
| |
|
| (b) |
During
the year ended 31 March 2024 and 2023, the Group issued 8% convertible loan notes. At 31 March 2024, there were outstanding notes
with aggregate face values of $3,350,000 (2023: $3,250,000). The notes were fair valued at the end of each reporting period, resulting
in a loss of $374,000 for the year ended 31 March 2024 (2023: loss of $19,000). |
|