Financial risk management (Tables)

12 Months Ended

Apr. 30, 2025

Financial Risk Management

Schedule of maximum exposure to credit risk by credit risk rating categories

The table below details the credit quality of the Group’s financial assets, as well as maximum exposure to credit risk by credit risk rating categories:

April 30, 2025		Category		12-month or lifetime ECL		Gross carrying amount				Loss allowance				Net carrying amount				Net carrying amount
						SGD				SGD				SGD				USD
Trade receivables		II Note 1		Lifetime ECL (Simplified)			996,732				(49,855	)			946,877				725,353
Contract assets		II Note 1		Lifetime ECL (Simplified)			4,210,736				(18,117	)			4,192,619				3,211,750
Other receivables (excluded prepayments)		III Note 2		Lifetime ECL (Simplified)			741,461				(398,607	)			342,854				262,643
Cash and cash equivalents		I Note 3		12-month ECL			759,891				-				759,891				582,113
											(466,579	)

April 30, 2024		Category		12-month or lifetime ECL		Gross carrying amount				Loss allowance				Net carrying amount				Net carrying amount
						SGD				SGD				SGD				USD
Trade receivables		II Note 1		Lifetime ECL (Simplified)			1,484,757				(59,582	)			1,425,175				1,045,155
Contract assets		II Note 1		Lifetime ECL (Simplified)			3,422,121				(3,303	)			3,418,818				2,507,201
Other receivables (excluded prepayments)		III Note 2		Lifetime ECL (Simplified)			732,156				(398,607	)			333,549				244,610
Cash and cash equivalents		I Note 3		12-month ECL			1,868,461				-				1,868,461				1,370,241
											(461,492	)

Schedule of credit risk profile of trade receivables on their past due status in terms

April 30, 2025		Trade receivables and contract assets				ECL				Trade receivables and contract assets, net				Trade receivables and contract assets, net
		SGD				SGD				SGD				USD
Not past due			4,392,285				(20,538	)			4,371,747				3,348,970
< 30 days			715,879				(10,902	)			704,977				540,047
31 days to 60 days			36,483				(989	)			35,494				27,190
61 days to 90 days			47,718				(20,440	)			27,278				20,896
91 days to 120 days			-				-				-				-
>120 days			15,103				(15,103	)			-				-
			5,207,468				(67,972	)			5,139,496				3,937,103

April 30, 2024		Trade receivables and contract assets				ECL				Trade receivables and contract assets, net				Trade receivables and contract assets, net
		SGD				SGD				SGD				USD
Not past due			4,407,717				(4,252	)			4,403,465				3,229,294
< 30 days			411,649				(26,995	)			384,654				282,087
31 days to 60 days			54,065				(7,899	)			46,166				33,856
61 days to 90 days			-				-				-				-
91 days to 120 days			-				-				-				-
>120 days			33,447				(23,739	)			9,708				7,119
			4,906,878				(62,885	)			4,843,993				3,552,356

Contract assets that are not past due make up majority of the receivables.

Subsequent to the financial year ended April 30, 2025:

	-	More than 98% of trade receivables were collected.

	-	Except for those retention receivables which monies will only be released upon the expiry of the defect liability period as specified in the contracts, more than 70% of the contract assets have been billed and collected.

Schedule of financial instruments by remaining contractual maturities

The table below summarizes the maturity profile of the Group’s financial liabilities at the end of reporting year based on contractual undiscounted repayments obligations:

		Carrying value				Contractual cash flows				Within 1 year				Within 2 to 5 years				After 5 years
		SGD				SGD				SGD				SGD				SGD
April 30, 2025
Trade and other payables (excluded GST payables)			5,248,011				5,248,011				5,248,011				-				-
Borrowings			2,336,864				2,764,287				614,056				1,408,360				741,871
Total			7,584,875				8,012,298				5,862,067				1,408,360				741,871

April 30, 2024
Trade and other payables (excluded GST payables)			3,794,636				3,794,636				3,794,636				-				-
Borrowings			1,648,029				1,949,132				499,592				652,574				796,966
Total			5,442,665				5,743,768				4,294,228				652,574				796,966

Schedule of exposure to foreign currency risk

At the end of each reporting year, the Group’s exposure to foreign currency risk is as follows:

		April 30, 2024				April 30, 2025				April 30, 2025
		SGD				SGD				USD
Financial assets
Financial assets at fair value through profit or loss			439,817				440,888				337,742
Cash and cash equivalents			8,861				3,397				2,602
Financial assets			448,678				444,285				340,344
Financial liabilities
Borrowings			317,076				347,400				266,126
Financial liabilities			317,076				347,400				266,126
Net exposure			131,602				96,885				74,218

Schedule of increase/(decrease) profit or loss that all other variables remain constant

A 1% (2024: 1%) strengthening/weakening of Singapore Dollar against the foreign currency denominated balances as at the end of the reporting year would increase/(decrease) profit or loss by the amounts shown below. This analysis assumes that all other variables remain constant.

		April 30, 2023				April 30, 2024				April 30, 2025				April 30, 2025
		Profit or loss
		April 30, 2023				April 30, 2024				April 30, 2025				April 30, 2025
		SGD				SGD				SGD				USD
USD against SGD
- Strengthened			254				1,316				969				742
- Weakened			(254	)			(1,316	)			(969	)			(742	)