ANNUAL REPORT 2026
Auditor’s opinion: Disclaimer of Opinion. Read auditor’s report (PDF p. 56)
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026Group / year 1 April 2025–31 March 2026 | 2025Group / year 1 April 2024–31 March 2025 | Source |
|---|---|---|---|
| Group comprehensive income | |||
| RevenueSingapore dollars | 43,639,356 | 53,218,593 | PDF p. 59 |
| Cost of salesSingapore dollars | (42,056,778) | (57,192,546) | PDF p. 59 |
| Gross profit/(loss)Singapore dollars | 1,582,578 | (3,973,953) | PDF p. 59 |
| Other income | |||
| - Interest incomeSingapore dollars | 229,797 | 5,800 | PDF p. 59 |
| - OthersSingapore dollars | 76,104 | 237,434 | PDF p. 59 |
| SubtotalSingapore dollars | 305,901 | 243,234 | PDF p. 59 |
| Other losses / gains - net | |||
| - Loss allowance on financial assetsSingapore dollars | (775,083) | (2,344,812) | PDF p. 59 |
| - OthersSingapore dollars | (5,677,267) | (10,808,446) | PDF p. 59 |
| SubtotalSingapore dollars | (6,452,350) | (13,153,258) | PDF p. 59 |
| Group profit or loss | |||
| - Administrative expensesSingapore dollars | (5,046,662) | (6,103,955) | PDF p. 59 |
| - Finance expensesSingapore dollars | (67,435) | (148,259) | PDF p. 59 |
| SubtotalSingapore dollars | (5,114,097) | (6,252,214) | PDF p. 59 |
| Share of loss of associated companiesSingapore dollars | (6,530) | (4,656) | PDF p. 59 |
| Loss before income taxSingapore dollars | (9,684,498) | (23,140,847) | PDF p. 59 |
| Income tax creditSingapore dollars | 579,995 | 616,083 | PDF p. 59 |
| Net loss for the financial yearSingapore dollars | (9,104,503) | (22,524,764) | PDF p. 59 |
| Items that may be reclassified subsequently to profit or loss: | |||
| Currency translation differences arising from consolidation – gainsSingapore dollars | 245,027 | 123,875 | PDF p. 59 |
| Total comprehensive lossSingapore dollars | (8,859,476) | (22,400,889) | PDF p. 59 |
| Net profit / loss attributable to | |||
| Equity holders of the CompanySingapore dollars | (9,104,503) | (23,349,743) | PDF p. 59 |
| Non-controlling interestSingapore dollars | – | 824,979 | PDF p. 59 |
| SubtotalSingapore dollars | (9,104,503) | (22,524,764) | PDF p. 59 |
| Total comprehensive income / loss attributable to | |||
| Equity holders of the CompanySingapore dollars | (8,859,476) | (23,225,868) | PDF p. 59 |
| Non-controlling interestSingapore dollars | – | 824,979 | PDF p. 59 |
| SubtotalSingapore dollars | (8,859,476) | (22,400,889) | PDF p. 59 |
| Basic and diluted earnings / loss per share attributable to equity holders of the Company | |||
| Basic and dilutedSingapore cents per share | (0.89) | (2.27) | PDF p. 59 |
Original report: PDF p. 59 ↗
FY2026 auditor report dated 30 June 2026: Disclaimer of Opinion. CLA Global TS Public Accounting Corporation could not obtain sufficient appropriate audit evidence for the partnership revenue, the subsequent investment arrangement and recoverability of its financial asset. Possible effects may be material and pervasive. These tables reproduce the annual report’s reported figures; possible adjustments remain undetermined. The auditor also expresses no opinion on whether relevant accounting records were properly kept.
Five official annual originals FY2022–FY2026 (670 pages) are archived. Financial years run 1 April–31 March. Latest available comparative presentation: FY2026 annual supplies 2026/2025; FY2025 annual supplies 2024; FY2024 annual supplies restated 2023; FY2023 annual supplies original FY2022 before the later restatement. Report-year labels follow the March closing year.
Primary monetary statement columns are whole Singapore dollars, not thousands. EPS is Singapore cents per share; EPS weighted ordinary shares are whole share counts. Group comprehensive income, Group and Company financial position, Group equity and Group cash flows are printed. Separate Company income, equity and cash flow primary statements are not printed.
FY2024 Note 32 restates FY2023 and 1 April 2022 opening financial position for concert investments/project costs and related taxes. Original FY2022 full income, cash flow and equity remain labelled before later restatement. Restated 1 April 2022 opening financial position is shown separately; it is not an extra full year or an invented restated FY2022 income/cash flow statement. Group opening equity changes from S$45,251,517 to S$40,942,079; FY2023 closing equity changes from S$47,016,332 to S$42,715,704.
FY2023 restatement changes OCI by S$8,810. It reclassifies S$59,703 between other-current-asset operating cash movement and unrealised currency translation; the two cash-flow adjustments offset. The later FY2023 financing reconciliation also moves S$7,493 between bank principal/interest payments and accrued trade and other payables; closing bank debt S$12,876,965 is unchanged. Original and later presentations are retained without silently equating their individual lines.
FY2026 treasury shares are separate contra-equity. FY2025 owners loss S$23,349,743 and NCI profit S$824,979 sum to Group loss S$22,524,764; FY2026 NCI closing balance is a printed dash. No unsupported acquisition/disposal cause is inferred from the NCI numerical cancellation. Dashes/hyphens and genuinely blank subtotal captions retain the original notation.
Management reports S$7,478,199 investment at amortised cost: S$3,977,986 converted receivables plus S$3,278,000 cash and S$222,213 accrued interest. The converted amount comprises S$3,627,986 partnership receivable plus S$350,000 other receivable. Management recognised no loss allowance and describes a contractual 10% return and revised June/August/November 2026 and February 2027 repayments. These are management’s reported accounting judgements; the auditor could not obtain sufficient appropriate evidence for recognition, measurement or recoverability.
Reported revenue includes FVPL gains/(losses): FY2026 customer-contract revenue S$43,461,147 plus FVPL gain S$178,209 equals S$43,639,356. The S$3,627,986 partnership net revenue is within the auditor disclaimer; the arithmetic bridge does not establish its accounting validity.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026Group / year 1 April 2025–31 March 2026 | 2025Group / year 1 April 2024–31 March 2025 | Source |
|---|---|---|---|
| Current assets | |||
| Cash and cash equivalentsSingapore dollars | 6,473,306 | 9,513,928 | PDF p. 60 |
| Trade and other receivablesSingapore dollars | 3,394,640 | 3,602,173 | PDF p. 60 |
| Other current assetsSingapore dollars | 769,686 | 4,926,286 | PDF p. 60 |
| Financial assets, at FVPLSingapore dollars | 1,827,590 | 1,337,258 | PDF p. 60 |
| Other investment, at amortised costSingapore dollars | 7,478,199 | – | PDF p. 60 |
| Income tax recoverableSingapore dollars | 1,101,692 | 1,269,888 | PDF p. 60 |
| SubtotalSingapore dollars | 21,045,113 | 20,649,533 | PDF p. 60 |
| Non-current assets | |||
| Property, plant and equipmentSingapore dollars | 7,248,359 | 9,852,118 | PDF p. 60 |
| Investments in associated companiesSingapore dollars | 692,416 | 698,946 | PDF p. 60 |
| Intangible assetsSingapore dollars | 450,000 | 6,270,333 | PDF p. 60 |
| SubtotalSingapore dollars | 8,390,775 | 16,821,397 | PDF p. 60 |
| Total assetsSingapore dollars | 29,435,888 | 37,470,930 | PDF p. 60 |
| Current liabilities | |||
| Trade and other payablesSingapore dollars | 6,610,813 | 7,332,371 | PDF p. 60 |
| BorrowingsSingapore dollars | 4,119,504 | 1,726,470 | PDF p. 60 |
| SubtotalSingapore dollars | 10,730,317 | 9,058,841 | PDF p. 60 |
| Non-current liabilities | |||
| BorrowingsSingapore dollars | 190,715 | 99,684 | PDF p. 60 |
| Deferred tax liabilitiesSingapore dollars | 44,958 | 323,770 | PDF p. 60 |
| SubtotalSingapore dollars | 235,673 | 423,454 | PDF p. 60 |
| Total liabilitiesSingapore dollars | 10,965,990 | 9,482,295 | PDF p. 60 |
| NET ASSETSSingapore dollars | 18,469,898 | 27,988,635 | PDF p. 60 |
| Capital and reserves attributable to equity holders of the Company | |||
| Share capitalSingapore dollars | 20,542,223 | 20,542,223 | PDF p. 60 |
| Treasury sharesSingapore dollars | (659,261) | – | PDF p. 60 |
| Other reservesSingapore dollars | 760,329 | 515,302 | PDF p. 60 |
| (Accumulated losses)/Retained profitsSingapore dollars | (2,173,393) | 6,931,110 | PDF p. 60 |
| Total equitySingapore dollars | 18,469,898 | 27,988,635 | PDF p. 60 |
Original report: PDF p. 60 ↗
FY2026 auditor report dated 30 June 2026: Disclaimer of Opinion. CLA Global TS Public Accounting Corporation could not obtain sufficient appropriate audit evidence for the partnership revenue, the subsequent investment arrangement and recoverability of its financial asset. Possible effects may be material and pervasive. These tables reproduce the annual report’s reported figures; possible adjustments remain undetermined. The auditor also expresses no opinion on whether relevant accounting records were properly kept.
Five official annual originals FY2022–FY2026 (670 pages) are archived. Financial years run 1 April–31 March. Latest available comparative presentation: FY2026 annual supplies 2026/2025; FY2025 annual supplies 2024; FY2024 annual supplies restated 2023; FY2023 annual supplies original FY2022 before the later restatement. Report-year labels follow the March closing year.
Primary monetary statement columns are whole Singapore dollars, not thousands. EPS is Singapore cents per share; EPS weighted ordinary shares are whole share counts. Group comprehensive income, Group and Company financial position, Group equity and Group cash flows are printed. Separate Company income, equity and cash flow primary statements are not printed.
FY2024 Note 32 restates FY2023 and 1 April 2022 opening financial position for concert investments/project costs and related taxes. Original FY2022 full income, cash flow and equity remain labelled before later restatement. Restated 1 April 2022 opening financial position is shown separately; it is not an extra full year or an invented restated FY2022 income/cash flow statement. Group opening equity changes from S$45,251,517 to S$40,942,079; FY2023 closing equity changes from S$47,016,332 to S$42,715,704.
FY2023 restatement changes OCI by S$8,810. It reclassifies S$59,703 between other-current-asset operating cash movement and unrealised currency translation; the two cash-flow adjustments offset. The later FY2023 financing reconciliation also moves S$7,493 between bank principal/interest payments and accrued trade and other payables; closing bank debt S$12,876,965 is unchanged. Original and later presentations are retained without silently equating their individual lines.
FY2026 treasury shares are separate contra-equity. FY2025 owners loss S$23,349,743 and NCI profit S$824,979 sum to Group loss S$22,524,764; FY2026 NCI closing balance is a printed dash. No unsupported acquisition/disposal cause is inferred from the NCI numerical cancellation. Dashes/hyphens and genuinely blank subtotal captions retain the original notation.
Management reports S$7,478,199 investment at amortised cost: S$3,977,986 converted receivables plus S$3,278,000 cash and S$222,213 accrued interest. The converted amount comprises S$3,627,986 partnership receivable plus S$350,000 other receivable. Management recognised no loss allowance and describes a contractual 10% return and revised June/August/November 2026 and February 2027 repayments. These are management’s reported accounting judgements; the auditor could not obtain sufficient appropriate evidence for recognition, measurement or recoverability.
Reported revenue includes FVPL gains/(losses): FY2026 customer-contract revenue S$43,461,147 plus FVPL gain S$178,209 equals S$43,639,356. The S$3,627,986 partnership net revenue is within the auditor disclaimer; the arithmetic bridge does not establish its accounting validity.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026Company / year 1 April 2025–31 March 2026 | 2025Company / year 1 April 2024–31 March 2025 | Source |
|---|---|---|---|
| Current assets | |||
| Cash and cash equivalentsSingapore dollars | 312,578 | 122,291 | PDF p. 61 |
| Trade and other receivablesSingapore dollars | 18,334,158 | 24,128,851 | PDF p. 61 |
| SubtotalSingapore dollars | 18,646,736 | 24,251,142 | PDF p. 61 |
| Non-current assets | |||
| Property, plant and equipmentSingapore dollars | – | – | PDF p. 61 |
| Investments in subsidiary corporationsSingapore dollars | 33,496 | 33,496 | PDF p. 61 |
| Investments in associated companiesSingapore dollars | 692,416 | 698,946 | PDF p. 61 |
| SubtotalSingapore dollars | 725,912 | 732,442 | PDF p. 61 |
| Total assetsSingapore dollars | 19,372,648 | 24,983,584 | PDF p. 61 |
| Current liabilities | |||
| Trade and other payablesSingapore dollars | 4,775,740 | 710,262 | PDF p. 61 |
| BorrowingsSingapore dollars | 3,000,000 | – | PDF p. 61 |
| SubtotalSingapore dollars | 7,775,740 | 710,262 | PDF p. 61 |
| Total liabilitiesSingapore dollars | 7,775,740 | 710,262 | PDF p. 61 |
| NET ASSETSSingapore dollars | 11,596,908 | 24,273,322 | PDF p. 61 |
| Capital and reserves attributable to equity holders of the Company | |||
| Share capitalSingapore dollars | 20,542,223 | 20,542,223 | PDF p. 61 |
| Treasury sharesSingapore dollars | (659,261) | – | PDF p. 61 |
| (Accumulated losses)/Retained profitsSingapore dollars | (8,286,054) | 3,731,099 | PDF p. 61 |
| Total equitySingapore dollars | 11,596,908 | 24,273,322 | PDF p. 61 |
Original report: PDF p. 61 ↗
FY2026 auditor report dated 30 June 2026: Disclaimer of Opinion. CLA Global TS Public Accounting Corporation could not obtain sufficient appropriate audit evidence for the partnership revenue, the subsequent investment arrangement and recoverability of its financial asset. Possible effects may be material and pervasive. These tables reproduce the annual report’s reported figures; possible adjustments remain undetermined. The auditor also expresses no opinion on whether relevant accounting records were properly kept.
Five official annual originals FY2022–FY2026 (670 pages) are archived. Financial years run 1 April–31 March. Latest available comparative presentation: FY2026 annual supplies 2026/2025; FY2025 annual supplies 2024; FY2024 annual supplies restated 2023; FY2023 annual supplies original FY2022 before the later restatement. Report-year labels follow the March closing year.
Primary monetary statement columns are whole Singapore dollars, not thousands. EPS is Singapore cents per share; EPS weighted ordinary shares are whole share counts. Group comprehensive income, Group and Company financial position, Group equity and Group cash flows are printed. Separate Company income, equity and cash flow primary statements are not printed.
FY2024 Note 32 restates FY2023 and 1 April 2022 opening financial position for concert investments/project costs and related taxes. Original FY2022 full income, cash flow and equity remain labelled before later restatement. Restated 1 April 2022 opening financial position is shown separately; it is not an extra full year or an invented restated FY2022 income/cash flow statement. Group opening equity changes from S$45,251,517 to S$40,942,079; FY2023 closing equity changes from S$47,016,332 to S$42,715,704.
FY2023 restatement changes OCI by S$8,810. It reclassifies S$59,703 between other-current-asset operating cash movement and unrealised currency translation; the two cash-flow adjustments offset. The later FY2023 financing reconciliation also moves S$7,493 between bank principal/interest payments and accrued trade and other payables; closing bank debt S$12,876,965 is unchanged. Original and later presentations are retained without silently equating their individual lines.
FY2026 treasury shares are separate contra-equity. FY2025 owners loss S$23,349,743 and NCI profit S$824,979 sum to Group loss S$22,524,764; FY2026 NCI closing balance is a printed dash. No unsupported acquisition/disposal cause is inferred from the NCI numerical cancellation. Dashes/hyphens and genuinely blank subtotal captions retain the original notation.
Management reports S$7,478,199 investment at amortised cost: S$3,977,986 converted receivables plus S$3,278,000 cash and S$222,213 accrued interest. The converted amount comprises S$3,627,986 partnership receivable plus S$350,000 other receivable. Management recognised no loss allowance and describes a contractual 10% return and revised June/August/November 2026 and February 2027 repayments. These are management’s reported accounting judgements; the auditor could not obtain sufficient appropriate evidence for recognition, measurement or recoverability.
Reported revenue includes FVPL gains/(losses): FY2026 customer-contract revenue S$43,461,147 plus FVPL gain S$178,209 equals S$43,639,356. The S$3,627,986 partnership net revenue is within the auditor disclaimer; the arithmetic bridge does not establish its accounting validity.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026Group / Share capital | 2026Group / Treasury shares | 2026Group / Accumulated losses / retained profits | 2026Group / Other reserves | 2026Group / Total attributable to equity holders of the Company | 2026Group / Non-controlling interest | 2026Group / Total equity | Source |
|---|---|---|---|---|---|---|---|---|
| Group changes in equity | ||||||||
| Balance as at 1 April 2025Singapore dollars | 20,542,223 | – | 6,931,110 | 515,302 | 27,988,635 | – | 27,988,635 | PDF p. 62 |
| Net loss for the financial yearSingapore dollars | – | – | (9,104,503) | – | (9,104,503) | – | (9,104,503) | PDF p. 62 |
| Other comprehensive income for the financial yearSingapore dollars | – | – | – | 245,027 | 245,027 | – | 245,027 | PDF p. 62 |
| Total comprehensive (loss)/income for the financial yearSingapore dollars | – | – | (9,104,503) | 245,027 | (8,859,476) | – | (8,859,476) | PDF p. 62 |
| Purchase of treasury sharesSingapore dollars | – | (659,261) | - | - | (659,261) | – | (659,261) | PDF p. 62 |
| Balance as at 31 March 2026Singapore dollars | 20,542,223 | (659,261) | (2,173,393) | 760,329 | 18,469,898 | – | 18,469,898 | PDF p. 62 |
Original report: PDF p. 62 ↗
FY2026 auditor report dated 30 June 2026: Disclaimer of Opinion. CLA Global TS Public Accounting Corporation could not obtain sufficient appropriate audit evidence for the partnership revenue, the subsequent investment arrangement and recoverability of its financial asset. Possible effects may be material and pervasive. These tables reproduce the annual report’s reported figures; possible adjustments remain undetermined. The auditor also expresses no opinion on whether relevant accounting records were properly kept.
Five official annual originals FY2022–FY2026 (670 pages) are archived. Financial years run 1 April–31 March. Latest available comparative presentation: FY2026 annual supplies 2026/2025; FY2025 annual supplies 2024; FY2024 annual supplies restated 2023; FY2023 annual supplies original FY2022 before the later restatement. Report-year labels follow the March closing year.
Primary monetary statement columns are whole Singapore dollars, not thousands. EPS is Singapore cents per share; EPS weighted ordinary shares are whole share counts. Group comprehensive income, Group and Company financial position, Group equity and Group cash flows are printed. Separate Company income, equity and cash flow primary statements are not printed.
FY2024 Note 32 restates FY2023 and 1 April 2022 opening financial position for concert investments/project costs and related taxes. Original FY2022 full income, cash flow and equity remain labelled before later restatement. Restated 1 April 2022 opening financial position is shown separately; it is not an extra full year or an invented restated FY2022 income/cash flow statement. Group opening equity changes from S$45,251,517 to S$40,942,079; FY2023 closing equity changes from S$47,016,332 to S$42,715,704.
FY2023 restatement changes OCI by S$8,810. It reclassifies S$59,703 between other-current-asset operating cash movement and unrealised currency translation; the two cash-flow adjustments offset. The later FY2023 financing reconciliation also moves S$7,493 between bank principal/interest payments and accrued trade and other payables; closing bank debt S$12,876,965 is unchanged. Original and later presentations are retained without silently equating their individual lines.
FY2026 treasury shares are separate contra-equity. FY2025 owners loss S$23,349,743 and NCI profit S$824,979 sum to Group loss S$22,524,764; FY2026 NCI closing balance is a printed dash. No unsupported acquisition/disposal cause is inferred from the NCI numerical cancellation. Dashes/hyphens and genuinely blank subtotal captions retain the original notation.
Management reports S$7,478,199 investment at amortised cost: S$3,977,986 converted receivables plus S$3,278,000 cash and S$222,213 accrued interest. The converted amount comprises S$3,627,986 partnership receivable plus S$350,000 other receivable. Management recognised no loss allowance and describes a contractual 10% return and revised June/August/November 2026 and February 2027 repayments. These are management’s reported accounting judgements; the auditor could not obtain sufficient appropriate evidence for recognition, measurement or recoverability.
Reported revenue includes FVPL gains/(losses): FY2026 customer-contract revenue S$43,461,147 plus FVPL gain S$178,209 equals S$43,639,356. The S$3,627,986 partnership net revenue is within the auditor disclaimer; the arithmetic bridge does not establish its accounting validity.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group / Share capital | 2025Group / Treasury shares | 2025Group / Accumulated losses / retained profits | 2025Group / Other reserves | 2025Group / Total attributable to equity holders of the Company | 2025Group / Non-controlling interest | 2025Group / Total equity | Source |
|---|---|---|---|---|---|---|---|---|
| Group changes in equity | ||||||||
| Balance as at 1 April 2024Singapore dollars | 20,542,223 | - | 30,280,853 | 391,427 | 51,214,503 | (824,979) | 50,389,524 | PDF p. 62 |
| Net (loss)/ profit for the financial yearSingapore dollars | – | – | (23,349,743) | – | (23,349,743) | 824,979 | (22,524,764) | PDF p. 62 |
| Other comprehensive income for the financial yearSingapore dollars | – | – | – | 123,875 | 123,875 | – | 123,875 | PDF p. 62 |
| Total comprehensive (loss)/income for the financial yearSingapore dollars | – | – | (23,349,743) | 123,875 | (23,225,868) | 824,979 | (22,400,889) | PDF p. 62 |
| Balance as at 31 March 2025Singapore dollars | 20,542,223 | – | 6,931,110 | 515,302 | 27,988,635 | – | 27,988,635 | PDF p. 62 |
Original report: PDF p. 62 ↗
FY2026 auditor report dated 30 June 2026: Disclaimer of Opinion. CLA Global TS Public Accounting Corporation could not obtain sufficient appropriate audit evidence for the partnership revenue, the subsequent investment arrangement and recoverability of its financial asset. Possible effects may be material and pervasive. These tables reproduce the annual report’s reported figures; possible adjustments remain undetermined. The auditor also expresses no opinion on whether relevant accounting records were properly kept.
Five official annual originals FY2022–FY2026 (670 pages) are archived. Financial years run 1 April–31 March. Latest available comparative presentation: FY2026 annual supplies 2026/2025; FY2025 annual supplies 2024; FY2024 annual supplies restated 2023; FY2023 annual supplies original FY2022 before the later restatement. Report-year labels follow the March closing year.
Primary monetary statement columns are whole Singapore dollars, not thousands. EPS is Singapore cents per share; EPS weighted ordinary shares are whole share counts. Group comprehensive income, Group and Company financial position, Group equity and Group cash flows are printed. Separate Company income, equity and cash flow primary statements are not printed.
FY2024 Note 32 restates FY2023 and 1 April 2022 opening financial position for concert investments/project costs and related taxes. Original FY2022 full income, cash flow and equity remain labelled before later restatement. Restated 1 April 2022 opening financial position is shown separately; it is not an extra full year or an invented restated FY2022 income/cash flow statement. Group opening equity changes from S$45,251,517 to S$40,942,079; FY2023 closing equity changes from S$47,016,332 to S$42,715,704.
FY2023 restatement changes OCI by S$8,810. It reclassifies S$59,703 between other-current-asset operating cash movement and unrealised currency translation; the two cash-flow adjustments offset. The later FY2023 financing reconciliation also moves S$7,493 between bank principal/interest payments and accrued trade and other payables; closing bank debt S$12,876,965 is unchanged. Original and later presentations are retained without silently equating their individual lines.
FY2026 treasury shares are separate contra-equity. FY2025 owners loss S$23,349,743 and NCI profit S$824,979 sum to Group loss S$22,524,764; FY2026 NCI closing balance is a printed dash. No unsupported acquisition/disposal cause is inferred from the NCI numerical cancellation. Dashes/hyphens and genuinely blank subtotal captions retain the original notation.
Management reports S$7,478,199 investment at amortised cost: S$3,977,986 converted receivables plus S$3,278,000 cash and S$222,213 accrued interest. The converted amount comprises S$3,627,986 partnership receivable plus S$350,000 other receivable. Management recognised no loss allowance and describes a contractual 10% return and revised June/August/November 2026 and February 2027 repayments. These are management’s reported accounting judgements; the auditor could not obtain sufficient appropriate evidence for recognition, measurement or recoverability.
Reported revenue includes FVPL gains/(losses): FY2026 customer-contract revenue S$43,461,147 plus FVPL gain S$178,209 equals S$43,639,356. The S$3,627,986 partnership net revenue is within the auditor disclaimer; the arithmetic bridge does not establish its accounting validity.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026Group / year 1 April 2025–31 March 2026 | 2025Group / year 1 April 2024–31 March 2025 | Source |
|---|---|---|---|
| Cash flows from operating activities | |||
| Net lossSingapore dollars | (9,104,503) | (22,524,764) | PDF p. 63 |
| Adjustments for: | |||
| - Amortisation of intangible assetsSingapore dollars | 963,792 | 1,696,136 | PDF p. 63 |
| - Depreciation of property, plant and equipmentSingapore dollars | 2,365,632 | 2,717,531 | PDF p. 63 |
| - Gain on disposal of property, plant and equipmentSingapore dollars | (16,000) | (8,000) | PDF p. 63 |
| - Property, plant and equipment written offSingapore dollars | – | 3,281 | PDF p. 63 |
| - Gain from derecognition of leaseSingapore dollars | – | (548) | PDF p. 63 |
| - Fair value (gain)/loss on financial assets, at FVPLSingapore dollars | (178,209) | 2,146,065 | PDF p. 63 |
| - Impairment loss on property, plant and equipmentSingapore dollars | 555,596 | 5,173,587 | PDF p. 63 |
| - Impairment loss on intangible assetsSingapore dollars | 4,856,541 | 5,454,155 | PDF p. 63 |
| - Other current assets written offSingapore dollars | 1,440,000 | – | PDF p. 63 |
| - Interest incomeSingapore dollars | (229,797) | (5,800) | PDF p. 63 |
| - Interest expenseSingapore dollars | 67,435 | 148,259 | PDF p. 63 |
| - Income tax creditSingapore dollars | (579,995) | (616,083) | PDF p. 63 |
| - Loss allowance on financial assetsSingapore dollars | 814,483 | 2,344,812 | PDF p. 63 |
| - Reversal of loss allowance on financial assetsSingapore dollars | (39,400) | – | PDF p. 63 |
| - Share of loss of associated companiesSingapore dollars | 6,530 | 4,656 | PDF p. 63 |
| - Unrealised currency translation lossesSingapore dollars | 192,714 | 133,761 | PDF p. 63 |
| Operating cash flow before working capital changesSingapore dollars | 1,114,819 | (3,332,952) | PDF p. 63 |
| Change in working capital: | |||
| - Trade and other receivablesSingapore dollars | (4,449,798) | 2,014,800 | PDF p. 63 |
| - Trade and other payablesSingapore dollars | (735,566) | 800,034 | PDF p. 63 |
| - Other current assetsSingapore dollars | 2,716,600 | 8,244,879 | PDF p. 63 |
| - Financial assets, at FVPLSingapore dollars | (407,861) | 1,687,518 | PDF p. 63 |
| Cash (used in)/generated from operationsSingapore dollars | (1,761,806) | 9,414,279 | PDF p. 63 |
| Interest receivedSingapore dollars | 7,584 | 5,800 | PDF p. 63 |
| Income tax refund/(paid)Singapore dollars | 475,367 | (2,703,618) | PDF p. 63 |
| Net cash (used in)/generated from operating activitiesSingapore dollars | (1,278,855) | 6,716,461 | PDF p. 63 |
| Cash flows from investing activities | |||
| Purchase of other investment, at amortised costSingapore dollars | (3,278,000) | – | PDF p. 63 |
| Purchase of property, plant and equipmentSingapore dollars | (86,322) | (2,343,105) | PDF p. 63 |
| Proceeds from disposal of property, plant and equipmentSingapore dollars | 16,000 | 8,000 | PDF p. 63 |
| Net cash used in investing activitiesSingapore dollars | (3,348,322) | (2,335,105) | PDF p. 63 |
| Cash flows from financing activities | |||
| Purchase of treasury sharesSingapore dollars | (659,261) | – | PDF p. 63 |
| Proceeds from bank borrowingsSingapore dollars | 4,500,000 | 7,250,000 | PDF p. 63 |
| Repayment of bank borrowingsSingapore dollars | (1,875,000) | (7,500,000) | PDF p. 63 |
| Repayment of lease liabilitiesSingapore dollars | (364,235) | (296,535) | PDF p. 63 |
| Interest paidSingapore dollars | (53,427) | (145,384) | PDF p. 63 |
| Net cash generated from/(used in) financing activitiesSingapore dollars | 1,548,077 | (691,919) | PDF p. 63 |
| Net changes in cash and cash equivalentsSingapore dollars | (3,079,100) | 3,689,437 | PDF p. 63 |
| Cash and cash equivalents | |||
| Beginning of financial yearSingapore dollars | 9,513,928 | 5,802,438 | PDF p. 63 |
| Effect on currency translation on cash and cash equivalentsSingapore dollars | 38,478 | 22,053 | PDF p. 63 |
| End of financial yearSingapore dollars | 6,473,306 | 9,513,928 | PDF p. 63 |
Original report: PDF p. 63 ↗
FY2026 auditor report dated 30 June 2026: Disclaimer of Opinion. CLA Global TS Public Accounting Corporation could not obtain sufficient appropriate audit evidence for the partnership revenue, the subsequent investment arrangement and recoverability of its financial asset. Possible effects may be material and pervasive. These tables reproduce the annual report’s reported figures; possible adjustments remain undetermined. The auditor also expresses no opinion on whether relevant accounting records were properly kept.
Five official annual originals FY2022–FY2026 (670 pages) are archived. Financial years run 1 April–31 March. Latest available comparative presentation: FY2026 annual supplies 2026/2025; FY2025 annual supplies 2024; FY2024 annual supplies restated 2023; FY2023 annual supplies original FY2022 before the later restatement. Report-year labels follow the March closing year.
Primary monetary statement columns are whole Singapore dollars, not thousands. EPS is Singapore cents per share; EPS weighted ordinary shares are whole share counts. Group comprehensive income, Group and Company financial position, Group equity and Group cash flows are printed. Separate Company income, equity and cash flow primary statements are not printed.
FY2024 Note 32 restates FY2023 and 1 April 2022 opening financial position for concert investments/project costs and related taxes. Original FY2022 full income, cash flow and equity remain labelled before later restatement. Restated 1 April 2022 opening financial position is shown separately; it is not an extra full year or an invented restated FY2022 income/cash flow statement. Group opening equity changes from S$45,251,517 to S$40,942,079; FY2023 closing equity changes from S$47,016,332 to S$42,715,704.
FY2023 restatement changes OCI by S$8,810. It reclassifies S$59,703 between other-current-asset operating cash movement and unrealised currency translation; the two cash-flow adjustments offset. The later FY2023 financing reconciliation also moves S$7,493 between bank principal/interest payments and accrued trade and other payables; closing bank debt S$12,876,965 is unchanged. Original and later presentations are retained without silently equating their individual lines.
FY2026 treasury shares are separate contra-equity. FY2025 owners loss S$23,349,743 and NCI profit S$824,979 sum to Group loss S$22,524,764; FY2026 NCI closing balance is a printed dash. No unsupported acquisition/disposal cause is inferred from the NCI numerical cancellation. Dashes/hyphens and genuinely blank subtotal captions retain the original notation.
Management reports S$7,478,199 investment at amortised cost: S$3,977,986 converted receivables plus S$3,278,000 cash and S$222,213 accrued interest. The converted amount comprises S$3,627,986 partnership receivable plus S$350,000 other receivable. Management recognised no loss allowance and describes a contractual 10% return and revised June/August/November 2026 and February 2027 repayments. These are management’s reported accounting judgements; the auditor could not obtain sufficient appropriate evidence for recognition, measurement or recoverability.
Reported revenue includes FVPL gains/(losses): FY2026 customer-contract revenue S$43,461,147 plus FVPL gain S$178,209 equals S$43,639,356. The S$3,627,986 partnership net revenue is within the auditor disclaimer; the arithmetic bridge does not establish its accounting validity.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026Group / year ended 31 March 2026 | 2025Group / year ended 31 March 2025 | Source |
|---|---|---|---|
| EPS reported original numerator, weighted ordinary shares and cents | |||
| Net loss attributable to equity holders of the Company ($)Singapore dollars | (9,104,503) | (23,349,743) | PDF p. 87 |
| Weighted average number of ordinary shares outstanding for basic and diluted earnings per shareShares | 1,022,875,920 | 1,029,179,292 | PDF p. 87 |
| Basic and diluted per share (cents per share)Singapore cents per share | (0.89) | (2.27) | PDF p. 87 |
Original report: PDF p. 87 ↗
FY2026 auditor report dated 30 June 2026: Disclaimer of Opinion. CLA Global TS Public Accounting Corporation could not obtain sufficient appropriate audit evidence for the partnership revenue, the subsequent investment arrangement and recoverability of its financial asset. Possible effects may be material and pervasive. These tables reproduce the annual report’s reported figures; possible adjustments remain undetermined. The auditor also expresses no opinion on whether relevant accounting records were properly kept.
Five official annual originals FY2022–FY2026 (670 pages) are archived. Financial years run 1 April–31 March. Latest available comparative presentation: FY2026 annual supplies 2026/2025; FY2025 annual supplies 2024; FY2024 annual supplies restated 2023; FY2023 annual supplies original FY2022 before the later restatement. Report-year labels follow the March closing year.
Primary monetary statement columns are whole Singapore dollars, not thousands. EPS is Singapore cents per share; EPS weighted ordinary shares are whole share counts. Group comprehensive income, Group and Company financial position, Group equity and Group cash flows are printed. Separate Company income, equity and cash flow primary statements are not printed.
FY2024 Note 32 restates FY2023 and 1 April 2022 opening financial position for concert investments/project costs and related taxes. Original FY2022 full income, cash flow and equity remain labelled before later restatement. Restated 1 April 2022 opening financial position is shown separately; it is not an extra full year or an invented restated FY2022 income/cash flow statement. Group opening equity changes from S$45,251,517 to S$40,942,079; FY2023 closing equity changes from S$47,016,332 to S$42,715,704.
FY2023 restatement changes OCI by S$8,810. It reclassifies S$59,703 between other-current-asset operating cash movement and unrealised currency translation; the two cash-flow adjustments offset. The later FY2023 financing reconciliation also moves S$7,493 between bank principal/interest payments and accrued trade and other payables; closing bank debt S$12,876,965 is unchanged. Original and later presentations are retained without silently equating their individual lines.
FY2026 treasury shares are separate contra-equity. FY2025 owners loss S$23,349,743 and NCI profit S$824,979 sum to Group loss S$22,524,764; FY2026 NCI closing balance is a printed dash. No unsupported acquisition/disposal cause is inferred from the NCI numerical cancellation. Dashes/hyphens and genuinely blank subtotal captions retain the original notation.
Management reports S$7,478,199 investment at amortised cost: S$3,977,986 converted receivables plus S$3,278,000 cash and S$222,213 accrued interest. The converted amount comprises S$3,627,986 partnership receivable plus S$350,000 other receivable. Management recognised no loss allowance and describes a contractual 10% return and revised June/August/November 2026 and February 2027 repayments. These are management’s reported accounting judgements; the auditor could not obtain sufficient appropriate evidence for recognition, measurement or recoverability.
Reported revenue includes FVPL gains/(losses): FY2026 customer-contract revenue S$43,461,147 plus FVPL gain S$178,209 equals S$43,639,356. The S$3,627,986 partnership net revenue is within the auditor disclaimer; the arithmetic bridge does not establish its accounting validity.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026Group / Opening 1 April 2025 | 2026Group / Proceeds from borrowings | 2026Group / Principal and interest payments | 2026Group / Additions during the year | 2026Group / Derecognition of leases | 2026Group / Interest expense | 2026Group / Movement in accrued interests | 2026Group / Closing 31 March 2026 | Source |
|---|---|---|---|---|---|---|---|---|---|
| Financing liability movements | |||||||||
| Bank borrowingsSingapore dollars | 1,375,000 | 4,500,000 | (1,909,420) | – | – | 48,428 | (14,008) | 4,000,000 | PDF p. 64 |
| Lease liabilitiesSingapore dollars | 451,154 | – | (383,242) | 223,300 | – | 19,007 | – | 310,219 | PDF p. 64 |
Original report: PDF p. 64 ↗
FY2026 auditor report dated 30 June 2026: Disclaimer of Opinion. CLA Global TS Public Accounting Corporation could not obtain sufficient appropriate audit evidence for the partnership revenue, the subsequent investment arrangement and recoverability of its financial asset. Possible effects may be material and pervasive. These tables reproduce the annual report’s reported figures; possible adjustments remain undetermined. The auditor also expresses no opinion on whether relevant accounting records were properly kept.
Five official annual originals FY2022–FY2026 (670 pages) are archived. Financial years run 1 April–31 March. Latest available comparative presentation: FY2026 annual supplies 2026/2025; FY2025 annual supplies 2024; FY2024 annual supplies restated 2023; FY2023 annual supplies original FY2022 before the later restatement. Report-year labels follow the March closing year.
Primary monetary statement columns are whole Singapore dollars, not thousands. EPS is Singapore cents per share; EPS weighted ordinary shares are whole share counts. Group comprehensive income, Group and Company financial position, Group equity and Group cash flows are printed. Separate Company income, equity and cash flow primary statements are not printed.
FY2024 Note 32 restates FY2023 and 1 April 2022 opening financial position for concert investments/project costs and related taxes. Original FY2022 full income, cash flow and equity remain labelled before later restatement. Restated 1 April 2022 opening financial position is shown separately; it is not an extra full year or an invented restated FY2022 income/cash flow statement. Group opening equity changes from S$45,251,517 to S$40,942,079; FY2023 closing equity changes from S$47,016,332 to S$42,715,704.
FY2023 restatement changes OCI by S$8,810. It reclassifies S$59,703 between other-current-asset operating cash movement and unrealised currency translation; the two cash-flow adjustments offset. The later FY2023 financing reconciliation also moves S$7,493 between bank principal/interest payments and accrued trade and other payables; closing bank debt S$12,876,965 is unchanged. Original and later presentations are retained without silently equating their individual lines.
FY2026 treasury shares are separate contra-equity. FY2025 owners loss S$23,349,743 and NCI profit S$824,979 sum to Group loss S$22,524,764; FY2026 NCI closing balance is a printed dash. No unsupported acquisition/disposal cause is inferred from the NCI numerical cancellation. Dashes/hyphens and genuinely blank subtotal captions retain the original notation.
Management reports S$7,478,199 investment at amortised cost: S$3,977,986 converted receivables plus S$3,278,000 cash and S$222,213 accrued interest. The converted amount comprises S$3,627,986 partnership receivable plus S$350,000 other receivable. Management recognised no loss allowance and describes a contractual 10% return and revised June/August/November 2026 and February 2027 repayments. These are management’s reported accounting judgements; the auditor could not obtain sufficient appropriate evidence for recognition, measurement or recoverability.
Reported revenue includes FVPL gains/(losses): FY2026 customer-contract revenue S$43,461,147 plus FVPL gain S$178,209 equals S$43,639,356. The S$3,627,986 partnership net revenue is within the auditor disclaimer; the arithmetic bridge does not establish its accounting validity.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2025Group / Opening 1 April 2024 | 2025Group / Proceeds from borrowings | 2025Group / Principal and interest payments | 2025Group / Additions during the year | 2025Group / Derecognition of leases | 2025Group / Interest expense | 2025Group / Movement in accrued interests | 2025Group / Closing 31 March 2025 | Source |
|---|---|---|---|---|---|---|---|---|---|
| Financing liability movements | |||||||||
| Bank borrowingsSingapore dollars | 1,625,000 | 7,250,000 | (7,625,283) | – | – | 128,158 | (2,875) | 1,375,000 | PDF p. 64 |
| Lease liabilitiesSingapore dollars | 70,162 | – | (316,636) | 689,615 | (12,088) | 20,101 | – | 451,154 | PDF p. 64 |
Original report: PDF p. 64 ↗
FY2026 auditor report dated 30 June 2026: Disclaimer of Opinion. CLA Global TS Public Accounting Corporation could not obtain sufficient appropriate audit evidence for the partnership revenue, the subsequent investment arrangement and recoverability of its financial asset. Possible effects may be material and pervasive. These tables reproduce the annual report’s reported figures; possible adjustments remain undetermined. The auditor also expresses no opinion on whether relevant accounting records were properly kept.
Five official annual originals FY2022–FY2026 (670 pages) are archived. Financial years run 1 April–31 March. Latest available comparative presentation: FY2026 annual supplies 2026/2025; FY2025 annual supplies 2024; FY2024 annual supplies restated 2023; FY2023 annual supplies original FY2022 before the later restatement. Report-year labels follow the March closing year.
Primary monetary statement columns are whole Singapore dollars, not thousands. EPS is Singapore cents per share; EPS weighted ordinary shares are whole share counts. Group comprehensive income, Group and Company financial position, Group equity and Group cash flows are printed. Separate Company income, equity and cash flow primary statements are not printed.
FY2024 Note 32 restates FY2023 and 1 April 2022 opening financial position for concert investments/project costs and related taxes. Original FY2022 full income, cash flow and equity remain labelled before later restatement. Restated 1 April 2022 opening financial position is shown separately; it is not an extra full year or an invented restated FY2022 income/cash flow statement. Group opening equity changes from S$45,251,517 to S$40,942,079; FY2023 closing equity changes from S$47,016,332 to S$42,715,704.
FY2023 restatement changes OCI by S$8,810. It reclassifies S$59,703 between other-current-asset operating cash movement and unrealised currency translation; the two cash-flow adjustments offset. The later FY2023 financing reconciliation also moves S$7,493 between bank principal/interest payments and accrued trade and other payables; closing bank debt S$12,876,965 is unchanged. Original and later presentations are retained without silently equating their individual lines.
FY2026 treasury shares are separate contra-equity. FY2025 owners loss S$23,349,743 and NCI profit S$824,979 sum to Group loss S$22,524,764; FY2026 NCI closing balance is a printed dash. No unsupported acquisition/disposal cause is inferred from the NCI numerical cancellation. Dashes/hyphens and genuinely blank subtotal captions retain the original notation.
Management reports S$7,478,199 investment at amortised cost: S$3,977,986 converted receivables plus S$3,278,000 cash and S$222,213 accrued interest. The converted amount comprises S$3,627,986 partnership receivable plus S$350,000 other receivable. Management recognised no loss allowance and describes a contractual 10% return and revised June/August/November 2026 and February 2027 repayments. These are management’s reported accounting judgements; the auditor could not obtain sufficient appropriate evidence for recognition, measurement or recoverability.
Reported revenue includes FVPL gains/(losses): FY2026 customer-contract revenue S$43,461,147 plus FVPL gain S$178,209 equals S$43,639,356. The S$3,627,986 partnership net revenue is within the auditor disclaimer; the arithmetic bridge does not establish its accounting validity.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026Group / year ended 31 March 2026 | 2025Group / year ended 31 March 2025 | Source |
|---|---|---|---|
| Revenue / activity and FVPL bridge | |||
| ProductionSingapore dollars | 5,494,255 | 5,412,000 | PDF p. 83 |
| PromotionSingapore dollars | 37,113,754 | 48,572,555 | PDF p. 83 |
| OthersSingapore dollars | 853,138 | 1,380,103 | PDF p. 83 |
| SubtotalSingapore dollars | 43,461,147 | 55,364,658 | PDF p. 83 |
| Gain/(loss) on financial assets, at FVPL (Note 15)Singapore dollars | 178,209 | (2,146,065) | PDF p. 83 |
| SubtotalSingapore dollars | 43,639,356 | 53,218,593 | PDF p. 83 |
| Revenue / customer geographical location | |||
| SingaporeSingapore dollars | 17,645,943 | 45,430,230 | PDF p. 83 |
| MalaysiaSingapore dollars | 12,960,349 | 4,564,748 | PDF p. 83 |
| AustraliaSingapore dollars | 7,336,544 | 1,003,019 | PDF p. 83 |
| OthersSingapore dollars | 5,696,520 | 2,220,596 | PDF p. 83 |
| SubtotalSingapore dollars | 43,639,356 | 53,218,593 | PDF p. 83 |
Original report: PDF p. 83 ↗
FY2026 auditor report dated 30 June 2026: Disclaimer of Opinion. CLA Global TS Public Accounting Corporation could not obtain sufficient appropriate audit evidence for the partnership revenue, the subsequent investment arrangement and recoverability of its financial asset. Possible effects may be material and pervasive. These tables reproduce the annual report’s reported figures; possible adjustments remain undetermined. The auditor also expresses no opinion on whether relevant accounting records were properly kept.
Five official annual originals FY2022–FY2026 (670 pages) are archived. Financial years run 1 April–31 March. Latest available comparative presentation: FY2026 annual supplies 2026/2025; FY2025 annual supplies 2024; FY2024 annual supplies restated 2023; FY2023 annual supplies original FY2022 before the later restatement. Report-year labels follow the March closing year.
Primary monetary statement columns are whole Singapore dollars, not thousands. EPS is Singapore cents per share; EPS weighted ordinary shares are whole share counts. Group comprehensive income, Group and Company financial position, Group equity and Group cash flows are printed. Separate Company income, equity and cash flow primary statements are not printed.
FY2024 Note 32 restates FY2023 and 1 April 2022 opening financial position for concert investments/project costs and related taxes. Original FY2022 full income, cash flow and equity remain labelled before later restatement. Restated 1 April 2022 opening financial position is shown separately; it is not an extra full year or an invented restated FY2022 income/cash flow statement. Group opening equity changes from S$45,251,517 to S$40,942,079; FY2023 closing equity changes from S$47,016,332 to S$42,715,704.
FY2023 restatement changes OCI by S$8,810. It reclassifies S$59,703 between other-current-asset operating cash movement and unrealised currency translation; the two cash-flow adjustments offset. The later FY2023 financing reconciliation also moves S$7,493 between bank principal/interest payments and accrued trade and other payables; closing bank debt S$12,876,965 is unchanged. Original and later presentations are retained without silently equating their individual lines.
FY2026 treasury shares are separate contra-equity. FY2025 owners loss S$23,349,743 and NCI profit S$824,979 sum to Group loss S$22,524,764; FY2026 NCI closing balance is a printed dash. No unsupported acquisition/disposal cause is inferred from the NCI numerical cancellation. Dashes/hyphens and genuinely blank subtotal captions retain the original notation.
Management reports S$7,478,199 investment at amortised cost: S$3,977,986 converted receivables plus S$3,278,000 cash and S$222,213 accrued interest. The converted amount comprises S$3,627,986 partnership receivable plus S$350,000 other receivable. Management recognised no loss allowance and describes a contractual 10% return and revised June/August/November 2026 and February 2027 repayments. These are management’s reported accounting judgements; the auditor could not obtain sufficient appropriate evidence for recognition, measurement or recoverability.
Reported revenue includes FVPL gains/(losses): FY2026 customer-contract revenue S$43,461,147 plus FVPL gain S$178,209 equals S$43,639,356. The S$3,627,986 partnership net revenue is within the auditor disclaimer; the arithmetic bridge does not establish its accounting validity.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2026Group / year ended 31 March 2026 | 2025Group / year ended 31 March 2025 | Source |
|---|---|---|---|
| Reported amortised-cost investment rollforward / audit disclaimer | |||
| Beginning of financial yearSingapore dollars | – | – | PDF p. 91 |
| Additions: | |||
| - Converted from trade receivablesSingapore dollars | 3,977,986 | – | PDF p. 91 |
| - Cash paidSingapore dollars | 3,278,000 | – | PDF p. 91 |
| Accrued interest (Note 7)Singapore dollars | 222,213 | – | PDF p. 91 |
| End of financial yearSingapore dollars | 7,478,199 | – | PDF p. 91 |
Original report: PDF p. 91 ↗
FY2026 auditor report dated 30 June 2026: Disclaimer of Opinion. CLA Global TS Public Accounting Corporation could not obtain sufficient appropriate audit evidence for the partnership revenue, the subsequent investment arrangement and recoverability of its financial asset. Possible effects may be material and pervasive. These tables reproduce the annual report’s reported figures; possible adjustments remain undetermined. The auditor also expresses no opinion on whether relevant accounting records were properly kept.
Five official annual originals FY2022–FY2026 (670 pages) are archived. Financial years run 1 April–31 March. Latest available comparative presentation: FY2026 annual supplies 2026/2025; FY2025 annual supplies 2024; FY2024 annual supplies restated 2023; FY2023 annual supplies original FY2022 before the later restatement. Report-year labels follow the March closing year.
Primary monetary statement columns are whole Singapore dollars, not thousands. EPS is Singapore cents per share; EPS weighted ordinary shares are whole share counts. Group comprehensive income, Group and Company financial position, Group equity and Group cash flows are printed. Separate Company income, equity and cash flow primary statements are not printed.
FY2024 Note 32 restates FY2023 and 1 April 2022 opening financial position for concert investments/project costs and related taxes. Original FY2022 full income, cash flow and equity remain labelled before later restatement. Restated 1 April 2022 opening financial position is shown separately; it is not an extra full year or an invented restated FY2022 income/cash flow statement. Group opening equity changes from S$45,251,517 to S$40,942,079; FY2023 closing equity changes from S$47,016,332 to S$42,715,704.
FY2023 restatement changes OCI by S$8,810. It reclassifies S$59,703 between other-current-asset operating cash movement and unrealised currency translation; the two cash-flow adjustments offset. The later FY2023 financing reconciliation also moves S$7,493 between bank principal/interest payments and accrued trade and other payables; closing bank debt S$12,876,965 is unchanged. Original and later presentations are retained without silently equating their individual lines.
FY2026 treasury shares are separate contra-equity. FY2025 owners loss S$23,349,743 and NCI profit S$824,979 sum to Group loss S$22,524,764; FY2026 NCI closing balance is a printed dash. No unsupported acquisition/disposal cause is inferred from the NCI numerical cancellation. Dashes/hyphens and genuinely blank subtotal captions retain the original notation.
Management reports S$7,478,199 investment at amortised cost: S$3,977,986 converted receivables plus S$3,278,000 cash and S$222,213 accrued interest. The converted amount comprises S$3,627,986 partnership receivable plus S$350,000 other receivable. Management recognised no loss allowance and describes a contractual 10% return and revised June/August/November 2026 and February 2027 repayments. These are management’s reported accounting judgements; the auditor could not obtain sufficient appropriate evidence for recognition, measurement or recoverability.
Reported revenue includes FVPL gains/(losses): FY2026 customer-contract revenue S$43,461,147 plus FVPL gain S$178,209 equals S$43,639,356. The S$3,627,986 partnership net revenue is within the auditor disclaimer; the arithmetic bridge does not establish its accounting validity.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Group / year 1 April 2023–31 March 2024 | Source |
|---|---|---|
| Group comprehensive income | ||
| RevenueSingapore dollars | 74,428,464 | PDF p. 63 |
| Cost of salesSingapore dollars | (49,924,614) | PDF p. 63 |
| Gross (loss)/profitSingapore dollars | 24,503,850 | PDF p. 63 |
| Other income | ||
| - Interest incomeSingapore dollars | 107,813 | PDF p. 63 |
| - OthersSingapore dollars | 122,312 | PDF p. 63 |
| SubtotalSingapore dollars | 230,125 | PDF p. 63 |
| Other losses / gains - net | ||
| - Loss allowance on financial assetsSingapore dollars | (5,836,709) | PDF p. 63 |
| - OthersSingapore dollars | (289,945) | PDF p. 63 |
| SubtotalSingapore dollars | (6,126,654) | PDF p. 63 |
| Group profit or loss | ||
| - Administrative expensesSingapore dollars | (7,660,710) | PDF p. 63 |
| - Finance expensesSingapore dollars | (338,608) | PDF p. 63 |
| SubtotalSingapore dollars | (7,999,318) | PDF p. 63 |
| Share of (loss)/profit of associated companiesSingapore dollars | 1,698 | PDF p. 63 |
| (Loss)/Profit before income taxSingapore dollars | 10,609,701 | PDF p. 63 |
| Income tax credit/(expense)Singapore dollars | (2,872,162) | PDF p. 63 |
| Net (loss)/profit for the financial yearSingapore dollars | 7,737,539 | PDF p. 63 |
| Items that may be reclassified subsequently to profit or loss: | ||
| Currency translation differences arising from consolidation – gains/(losses)Singapore dollars | (63,719) | PDF p. 63 |
| Total comprehensive (loss)/incomeSingapore dollars | 7,673,820 | PDF p. 63 |
| Net profit / loss attributable to | ||
| Equity holders of the CompanySingapore dollars | 7,728,974 | PDF p. 63 |
| Non-controlling interestSingapore dollars | 8,565 | PDF p. 63 |
| SubtotalSingapore dollars | 7,737,539 | PDF p. 63 |
| Total comprehensive income / loss attributable to | ||
| Equity holders of the CompanySingapore dollars | 7,665,255 | PDF p. 63 |
| Non-controlling interestSingapore dollars | 8,565 | PDF p. 63 |
| SubtotalSingapore dollars | 7,673,820 | PDF p. 63 |
| Basic and diluted earnings / loss per share attributable to equity holders of the Company | ||
| Basic and dilutedSingapore cents per share | 0.75 | PDF p. 63 |
Original report: PDF p. 63 ↗
FY2026 auditor report dated 30 June 2026: Disclaimer of Opinion. CLA Global TS Public Accounting Corporation could not obtain sufficient appropriate audit evidence for the partnership revenue, the subsequent investment arrangement and recoverability of its financial asset. Possible effects may be material and pervasive. These tables reproduce the annual report’s reported figures; possible adjustments remain undetermined. The auditor also expresses no opinion on whether relevant accounting records were properly kept.
Five official annual originals FY2022–FY2026 (670 pages) are archived. Financial years run 1 April–31 March. Latest available comparative presentation: FY2026 annual supplies 2026/2025; FY2025 annual supplies 2024; FY2024 annual supplies restated 2023; FY2023 annual supplies original FY2022 before the later restatement. Report-year labels follow the March closing year.
Primary monetary statement columns are whole Singapore dollars, not thousands. EPS is Singapore cents per share; EPS weighted ordinary shares are whole share counts. Group comprehensive income, Group and Company financial position, Group equity and Group cash flows are printed. Separate Company income, equity and cash flow primary statements are not printed.
FY2024 Note 32 restates FY2023 and 1 April 2022 opening financial position for concert investments/project costs and related taxes. Original FY2022 full income, cash flow and equity remain labelled before later restatement. Restated 1 April 2022 opening financial position is shown separately; it is not an extra full year or an invented restated FY2022 income/cash flow statement. Group opening equity changes from S$45,251,517 to S$40,942,079; FY2023 closing equity changes from S$47,016,332 to S$42,715,704.
FY2023 restatement changes OCI by S$8,810. It reclassifies S$59,703 between other-current-asset operating cash movement and unrealised currency translation; the two cash-flow adjustments offset. The later FY2023 financing reconciliation also moves S$7,493 between bank principal/interest payments and accrued trade and other payables; closing bank debt S$12,876,965 is unchanged. Original and later presentations are retained without silently equating their individual lines.
FY2026 treasury shares are separate contra-equity. FY2025 owners loss S$23,349,743 and NCI profit S$824,979 sum to Group loss S$22,524,764; FY2026 NCI closing balance is a printed dash. No unsupported acquisition/disposal cause is inferred from the NCI numerical cancellation. Dashes/hyphens and genuinely blank subtotal captions retain the original notation.
Management reports S$7,478,199 investment at amortised cost: S$3,977,986 converted receivables plus S$3,278,000 cash and S$222,213 accrued interest. The converted amount comprises S$3,627,986 partnership receivable plus S$350,000 other receivable. Management recognised no loss allowance and describes a contractual 10% return and revised June/August/November 2026 and February 2027 repayments. These are management’s reported accounting judgements; the auditor could not obtain sufficient appropriate evidence for recognition, measurement or recoverability.
Reported revenue includes FVPL gains/(losses): FY2026 customer-contract revenue S$43,461,147 plus FVPL gain S$178,209 equals S$43,639,356. The S$3,627,986 partnership net revenue is within the auditor disclaimer; the arithmetic bridge does not establish its accounting validity.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Group / year 1 April 2023–31 March 2024 | Source |
|---|---|---|
| Current assets | ||
| Cash and cash equivalentsSingapore dollars | 5,802,438 | PDF p. 64 |
| Trade and other receivablesSingapore dollars | 7,290,971 | PDF p. 64 |
| Other current assetsSingapore dollars | 13,171,165 | PDF p. 64 |
| Financial assets, at FVPLSingapore dollars | 5,841,655 | PDF p. 64 |
| Income tax recoverableSingapore dollars | 1,100,967 | PDF p. 64 |
| SubtotalSingapore dollars | 33,207,196 | PDF p. 64 |
| Non-current assets | ||
| Property, plant and equipmentSingapore dollars | 14,713,557 | PDF p. 64 |
| Investments in associated companiesSingapore dollars | 703,602 | PDF p. 64 |
| Intangible assetsSingapore dollars | 13,420,624 | PDF p. 64 |
| SubtotalSingapore dollars | 28,837,783 | PDF p. 64 |
| Total assetsSingapore dollars | 62,044,979 | PDF p. 64 |
| Current liabilities | ||
| Trade and other payablesSingapore dollars | 6,529,462 | PDF p. 64 |
| BorrowingsSingapore dollars | 1,294,441 | PDF p. 64 |
| Income tax payablesSingapore dollars | 2,468,183 | PDF p. 64 |
| SubtotalSingapore dollars | 10,292,086 | PDF p. 64 |
| Non-current liabilities | ||
| BorrowingsSingapore dollars | 400,721 | PDF p. 64 |
| Deferred tax liabilitiesSingapore dollars | 962,648 | PDF p. 64 |
| SubtotalSingapore dollars | 1,363,369 | PDF p. 64 |
| Total liabilitiesSingapore dollars | 11,655,455 | PDF p. 64 |
| NET ASSETSSingapore dollars | 50,389,524 | PDF p. 64 |
| Capital and reserves attributable to equity holders of the Company | ||
| Share capitalSingapore dollars | 20,542,223 | PDF p. 64 |
| Other reservesSingapore dollars | 391,427 | PDF p. 64 |
| Retained profitsSingapore dollars | 30,280,853 | PDF p. 64 |
| SubtotalSingapore dollars | 51,214,503 | PDF p. 64 |
| Non-controlling interestSingapore dollars | (824,979) | PDF p. 64 |
| Total equitySingapore dollars | 50,389,524 | PDF p. 64 |
Original report: PDF p. 64 ↗
FY2026 auditor report dated 30 June 2026: Disclaimer of Opinion. CLA Global TS Public Accounting Corporation could not obtain sufficient appropriate audit evidence for the partnership revenue, the subsequent investment arrangement and recoverability of its financial asset. Possible effects may be material and pervasive. These tables reproduce the annual report’s reported figures; possible adjustments remain undetermined. The auditor also expresses no opinion on whether relevant accounting records were properly kept.
Five official annual originals FY2022–FY2026 (670 pages) are archived. Financial years run 1 April–31 March. Latest available comparative presentation: FY2026 annual supplies 2026/2025; FY2025 annual supplies 2024; FY2024 annual supplies restated 2023; FY2023 annual supplies original FY2022 before the later restatement. Report-year labels follow the March closing year.
Primary monetary statement columns are whole Singapore dollars, not thousands. EPS is Singapore cents per share; EPS weighted ordinary shares are whole share counts. Group comprehensive income, Group and Company financial position, Group equity and Group cash flows are printed. Separate Company income, equity and cash flow primary statements are not printed.
FY2024 Note 32 restates FY2023 and 1 April 2022 opening financial position for concert investments/project costs and related taxes. Original FY2022 full income, cash flow and equity remain labelled before later restatement. Restated 1 April 2022 opening financial position is shown separately; it is not an extra full year or an invented restated FY2022 income/cash flow statement. Group opening equity changes from S$45,251,517 to S$40,942,079; FY2023 closing equity changes from S$47,016,332 to S$42,715,704.
FY2023 restatement changes OCI by S$8,810. It reclassifies S$59,703 between other-current-asset operating cash movement and unrealised currency translation; the two cash-flow adjustments offset. The later FY2023 financing reconciliation also moves S$7,493 between bank principal/interest payments and accrued trade and other payables; closing bank debt S$12,876,965 is unchanged. Original and later presentations are retained without silently equating their individual lines.
FY2026 treasury shares are separate contra-equity. FY2025 owners loss S$23,349,743 and NCI profit S$824,979 sum to Group loss S$22,524,764; FY2026 NCI closing balance is a printed dash. No unsupported acquisition/disposal cause is inferred from the NCI numerical cancellation. Dashes/hyphens and genuinely blank subtotal captions retain the original notation.
Management reports S$7,478,199 investment at amortised cost: S$3,977,986 converted receivables plus S$3,278,000 cash and S$222,213 accrued interest. The converted amount comprises S$3,627,986 partnership receivable plus S$350,000 other receivable. Management recognised no loss allowance and describes a contractual 10% return and revised June/August/November 2026 and February 2027 repayments. These are management’s reported accounting judgements; the auditor could not obtain sufficient appropriate evidence for recognition, measurement or recoverability.
Reported revenue includes FVPL gains/(losses): FY2026 customer-contract revenue S$43,461,147 plus FVPL gain S$178,209 equals S$43,639,356. The S$3,627,986 partnership net revenue is within the auditor disclaimer; the arithmetic bridge does not establish its accounting validity.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Company / year 1 April 2023–31 March 2024 | Source |
|---|---|---|
| Current assets | ||
| Cash and cash equivalentsSingapore dollars | 354,101 | PDF p. 65 |
| Trade and other receivablesSingapore dollars | 25,408,444 | PDF p. 65 |
| SubtotalSingapore dollars | 25,762,545 | PDF p. 65 |
| Non-current assets | ||
| Property, plant and equipmentSingapore dollars | – | PDF p. 65 |
| Investments in subsidiary corporationsSingapore dollars | 242,296 | PDF p. 65 |
| Investments in associated companiesSingapore dollars | 703,602 | PDF p. 65 |
| SubtotalSingapore dollars | 945,898 | PDF p. 65 |
| Total assetsSingapore dollars | 26,708,443 | PDF p. 65 |
| Current liabilities | ||
| Trade and other payablesSingapore dollars | 2,243,848 | PDF p. 65 |
| Income tax payablesSingapore dollars | 163,700 | PDF p. 65 |
| SubtotalSingapore dollars | 2,407,548 | PDF p. 65 |
| Total liabilitiesSingapore dollars | 2,407,548 | PDF p. 65 |
| NET ASSETSSingapore dollars | 24,300,895 | PDF p. 65 |
| Capital and reserves attributable to equity holders of the Company | ||
| Share capitalSingapore dollars | 20,542,223 | PDF p. 65 |
| Retained profitsSingapore dollars | 3,758,672 | PDF p. 65 |
| Total equitySingapore dollars | 24,300,895 | PDF p. 65 |
Original report: PDF p. 65 ↗
FY2026 auditor report dated 30 June 2026: Disclaimer of Opinion. CLA Global TS Public Accounting Corporation could not obtain sufficient appropriate audit evidence for the partnership revenue, the subsequent investment arrangement and recoverability of its financial asset. Possible effects may be material and pervasive. These tables reproduce the annual report’s reported figures; possible adjustments remain undetermined. The auditor also expresses no opinion on whether relevant accounting records were properly kept.
Five official annual originals FY2022–FY2026 (670 pages) are archived. Financial years run 1 April–31 March. Latest available comparative presentation: FY2026 annual supplies 2026/2025; FY2025 annual supplies 2024; FY2024 annual supplies restated 2023; FY2023 annual supplies original FY2022 before the later restatement. Report-year labels follow the March closing year.
Primary monetary statement columns are whole Singapore dollars, not thousands. EPS is Singapore cents per share; EPS weighted ordinary shares are whole share counts. Group comprehensive income, Group and Company financial position, Group equity and Group cash flows are printed. Separate Company income, equity and cash flow primary statements are not printed.
FY2024 Note 32 restates FY2023 and 1 April 2022 opening financial position for concert investments/project costs and related taxes. Original FY2022 full income, cash flow and equity remain labelled before later restatement. Restated 1 April 2022 opening financial position is shown separately; it is not an extra full year or an invented restated FY2022 income/cash flow statement. Group opening equity changes from S$45,251,517 to S$40,942,079; FY2023 closing equity changes from S$47,016,332 to S$42,715,704.
FY2023 restatement changes OCI by S$8,810. It reclassifies S$59,703 between other-current-asset operating cash movement and unrealised currency translation; the two cash-flow adjustments offset. The later FY2023 financing reconciliation also moves S$7,493 between bank principal/interest payments and accrued trade and other payables; closing bank debt S$12,876,965 is unchanged. Original and later presentations are retained without silently equating their individual lines.
FY2026 treasury shares are separate contra-equity. FY2025 owners loss S$23,349,743 and NCI profit S$824,979 sum to Group loss S$22,524,764; FY2026 NCI closing balance is a printed dash. No unsupported acquisition/disposal cause is inferred from the NCI numerical cancellation. Dashes/hyphens and genuinely blank subtotal captions retain the original notation.
Management reports S$7,478,199 investment at amortised cost: S$3,977,986 converted receivables plus S$3,278,000 cash and S$222,213 accrued interest. The converted amount comprises S$3,627,986 partnership receivable plus S$350,000 other receivable. Management recognised no loss allowance and describes a contractual 10% return and revised June/August/November 2026 and February 2027 repayments. These are management’s reported accounting judgements; the auditor could not obtain sufficient appropriate evidence for recognition, measurement or recoverability.
Reported revenue includes FVPL gains/(losses): FY2026 customer-contract revenue S$43,461,147 plus FVPL gain S$178,209 equals S$43,639,356. The S$3,627,986 partnership net revenue is within the auditor disclaimer; the arithmetic bridge does not establish its accounting validity.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Group / Share capital | 2024Group / Accumulated losses / retained profits | 2024Group / Other reserves | 2024Group / Total attributable to equity holders of the Company | 2024Group / Non-controlling interest | 2024Group / Total equity | Source |
|---|---|---|---|---|---|---|---|
| Group changes in equity | |||||||
| Balance as at 1 April 2023Singapore dollars | 20,542,223 | 22,551,879 | 455,146 | 43,549,248 | (833,544) | 42,715,704 | PDF p. 66 |
| Net profit for the financial yearSingapore dollars | – | 7,728,974 | – | 7,728,974 | 8,565 | 7,737,539 | PDF p. 66 |
| Other comprehensive income / loss for the financial yearSingapore dollars | – | – | (63,719) | (63,719) | – | (63,719) | PDF p. 66 |
| Total comprehensive income/(loss) for the financial yearSingapore dollars | – | 7,728,974 | (63,719) | 7,665,255 | 8,565 | 7,673,820 | PDF p. 66 |
| Balance as at 31 March 2024Singapore dollars | 20,542,223 | 30,280,853 | 391,427 | 51,214,503 | (824,979) | 50,389,524 | PDF p. 66 |
Original report: PDF p. 66 ↗
FY2026 auditor report dated 30 June 2026: Disclaimer of Opinion. CLA Global TS Public Accounting Corporation could not obtain sufficient appropriate audit evidence for the partnership revenue, the subsequent investment arrangement and recoverability of its financial asset. Possible effects may be material and pervasive. These tables reproduce the annual report’s reported figures; possible adjustments remain undetermined. The auditor also expresses no opinion on whether relevant accounting records were properly kept.
Five official annual originals FY2022–FY2026 (670 pages) are archived. Financial years run 1 April–31 March. Latest available comparative presentation: FY2026 annual supplies 2026/2025; FY2025 annual supplies 2024; FY2024 annual supplies restated 2023; FY2023 annual supplies original FY2022 before the later restatement. Report-year labels follow the March closing year.
Primary monetary statement columns are whole Singapore dollars, not thousands. EPS is Singapore cents per share; EPS weighted ordinary shares are whole share counts. Group comprehensive income, Group and Company financial position, Group equity and Group cash flows are printed. Separate Company income, equity and cash flow primary statements are not printed.
FY2024 Note 32 restates FY2023 and 1 April 2022 opening financial position for concert investments/project costs and related taxes. Original FY2022 full income, cash flow and equity remain labelled before later restatement. Restated 1 April 2022 opening financial position is shown separately; it is not an extra full year or an invented restated FY2022 income/cash flow statement. Group opening equity changes from S$45,251,517 to S$40,942,079; FY2023 closing equity changes from S$47,016,332 to S$42,715,704.
FY2023 restatement changes OCI by S$8,810. It reclassifies S$59,703 between other-current-asset operating cash movement and unrealised currency translation; the two cash-flow adjustments offset. The later FY2023 financing reconciliation also moves S$7,493 between bank principal/interest payments and accrued trade and other payables; closing bank debt S$12,876,965 is unchanged. Original and later presentations are retained without silently equating their individual lines.
FY2026 treasury shares are separate contra-equity. FY2025 owners loss S$23,349,743 and NCI profit S$824,979 sum to Group loss S$22,524,764; FY2026 NCI closing balance is a printed dash. No unsupported acquisition/disposal cause is inferred from the NCI numerical cancellation. Dashes/hyphens and genuinely blank subtotal captions retain the original notation.
Management reports S$7,478,199 investment at amortised cost: S$3,977,986 converted receivables plus S$3,278,000 cash and S$222,213 accrued interest. The converted amount comprises S$3,627,986 partnership receivable plus S$350,000 other receivable. Management recognised no loss allowance and describes a contractual 10% return and revised June/August/November 2026 and February 2027 repayments. These are management’s reported accounting judgements; the auditor could not obtain sufficient appropriate evidence for recognition, measurement or recoverability.
Reported revenue includes FVPL gains/(losses): FY2026 customer-contract revenue S$43,461,147 plus FVPL gain S$178,209 equals S$43,639,356. The S$3,627,986 partnership net revenue is within the auditor disclaimer; the arithmetic bridge does not establish its accounting validity.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Group / year 1 April 2023–31 March 2024 | Source |
|---|---|---|
| Cash flows from operating activities | ||
| Net (loss)/profitSingapore dollars | 7,737,539 | PDF p. 67 |
| Adjustments for: | ||
| - Amortisation of intangible assetsSingapore dollars | 1,696,135 | PDF p. 67 |
| - Depreciation of property, plant and equipmentSingapore dollars | 2,212,485 | PDF p. 67 |
| - Gain on disposal of property, plant and equipmentSingapore dollars | (31,731) | PDF p. 67 |
| - Property, plant and equipment written offSingapore dollars | – | PDF p. 67 |
| - Gain from derecognition of leaseSingapore dollars | – | PDF p. 67 |
| - Fair value loss on financial assets, at FVPLSingapore dollars | 1,580,672 | PDF p. 67 |
| - Impairment loss on property, plant and equipmentSingapore dollars | – | PDF p. 67 |
| - Impairment loss on intangible assetsSingapore dollars | 404,595 | PDF p. 67 |
| - Interest incomeSingapore dollars | (107,813) | PDF p. 67 |
| - Interest expenseSingapore dollars | 338,608 | PDF p. 67 |
| - Income tax (credit)/expenseSingapore dollars | 2,872,162 | PDF p. 67 |
| - Loss allowance on financial assetsSingapore dollars | 6,037,201 | PDF p. 67 |
| - Reversal of loss allowance on financial assetsSingapore dollars | (200,492) | PDF p. 67 |
| - Share of loss/(profit) of associated companiesSingapore dollars | (1,698) | PDF p. 67 |
| - Unrealised currency translation lossesSingapore dollars | 113,306 | PDF p. 67 |
| Operating cash flow before working capital changesSingapore dollars | 22,650,969 | PDF p. 67 |
| Change in working capital: | ||
| - Trade and other receivablesSingapore dollars | 2,234,308 | PDF p. 67 |
| - Trade and other payablesSingapore dollars | (5,293,927) | PDF p. 67 |
| - Other current assetsSingapore dollars | (3,178,814) | PDF p. 67 |
| - Financial assets, at FVPLSingapore dollars | (2,935,020) | PDF p. 67 |
| Cash generated from operationsSingapore dollars | 13,477,516 | PDF p. 67 |
| Interest receivedSingapore dollars | 107,813 | PDF p. 67 |
| Income tax paidSingapore dollars | (141,267) | PDF p. 67 |
| Net cash generated from operating activitiesSingapore dollars | 13,444,062 | PDF p. 67 |
| Cash flows from investing activities | ||
| Purchase of property, plant and equipmentSingapore dollars | (3,130,437) | PDF p. 67 |
| Proceeds from disposal of property, plant and equipmentSingapore dollars | 31,731 | PDF p. 67 |
| Net cash used in investing activitiesSingapore dollars | (3,098,706) | PDF p. 67 |
| Cash flows from financing activities | ||
| Proceeds from bank borrowingsSingapore dollars | 2,500,000 | PDF p. 67 |
| Repayment of bank borrowingsSingapore dollars | (13,860,025) | PDF p. 67 |
| Repayment of lease liabilitiesSingapore dollars | (44,961) | PDF p. 67 |
| Interest paidSingapore dollars | (337,932) | PDF p. 67 |
| Net cash used in financing activitiesSingapore dollars | (11,742,918) | PDF p. 67 |
| Net changes in cash and cash equivalentsSingapore dollars | (1,397,562) | PDF p. 67 |
| Cash and cash equivalents | ||
| Beginning of financial yearSingapore dollars | 7,230,720 | PDF p. 67 |
| Effect on currency translation on cash and cash equivalentsSingapore dollars | (30,720) | PDF p. 67 |
| End of financial yearSingapore dollars | 5,802,438 | PDF p. 67 |
Original report: PDF p. 67 ↗
FY2026 auditor report dated 30 June 2026: Disclaimer of Opinion. CLA Global TS Public Accounting Corporation could not obtain sufficient appropriate audit evidence for the partnership revenue, the subsequent investment arrangement and recoverability of its financial asset. Possible effects may be material and pervasive. These tables reproduce the annual report’s reported figures; possible adjustments remain undetermined. The auditor also expresses no opinion on whether relevant accounting records were properly kept.
Five official annual originals FY2022–FY2026 (670 pages) are archived. Financial years run 1 April–31 March. Latest available comparative presentation: FY2026 annual supplies 2026/2025; FY2025 annual supplies 2024; FY2024 annual supplies restated 2023; FY2023 annual supplies original FY2022 before the later restatement. Report-year labels follow the March closing year.
Primary monetary statement columns are whole Singapore dollars, not thousands. EPS is Singapore cents per share; EPS weighted ordinary shares are whole share counts. Group comprehensive income, Group and Company financial position, Group equity and Group cash flows are printed. Separate Company income, equity and cash flow primary statements are not printed.
FY2024 Note 32 restates FY2023 and 1 April 2022 opening financial position for concert investments/project costs and related taxes. Original FY2022 full income, cash flow and equity remain labelled before later restatement. Restated 1 April 2022 opening financial position is shown separately; it is not an extra full year or an invented restated FY2022 income/cash flow statement. Group opening equity changes from S$45,251,517 to S$40,942,079; FY2023 closing equity changes from S$47,016,332 to S$42,715,704.
FY2023 restatement changes OCI by S$8,810. It reclassifies S$59,703 between other-current-asset operating cash movement and unrealised currency translation; the two cash-flow adjustments offset. The later FY2023 financing reconciliation also moves S$7,493 between bank principal/interest payments and accrued trade and other payables; closing bank debt S$12,876,965 is unchanged. Original and later presentations are retained without silently equating their individual lines.
FY2026 treasury shares are separate contra-equity. FY2025 owners loss S$23,349,743 and NCI profit S$824,979 sum to Group loss S$22,524,764; FY2026 NCI closing balance is a printed dash. No unsupported acquisition/disposal cause is inferred from the NCI numerical cancellation. Dashes/hyphens and genuinely blank subtotal captions retain the original notation.
Management reports S$7,478,199 investment at amortised cost: S$3,977,986 converted receivables plus S$3,278,000 cash and S$222,213 accrued interest. The converted amount comprises S$3,627,986 partnership receivable plus S$350,000 other receivable. Management recognised no loss allowance and describes a contractual 10% return and revised June/August/November 2026 and February 2027 repayments. These are management’s reported accounting judgements; the auditor could not obtain sufficient appropriate evidence for recognition, measurement or recoverability.
Reported revenue includes FVPL gains/(losses): FY2026 customer-contract revenue S$43,461,147 plus FVPL gain S$178,209 equals S$43,639,356. The S$3,627,986 partnership net revenue is within the auditor disclaimer; the arithmetic bridge does not establish its accounting validity.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Group / year ended 31 March 2024 | Source |
|---|---|---|
| EPS reported original numerator, weighted ordinary shares and cents | ||
| Net (loss)/profit attributable to equity holders of the Company ($)Singapore dollars | 7,728,974 | PDF p. 91 |
| Weighted average number of ordinary shares outstanding for basic and diluted earnings per shareShares | 1,029,179,292 | PDF p. 91 |
| Basic and diluted per share (cents per share)Singapore cents per share | 0.75 | PDF p. 91 |
Original report: PDF p. 91 ↗
FY2026 auditor report dated 30 June 2026: Disclaimer of Opinion. CLA Global TS Public Accounting Corporation could not obtain sufficient appropriate audit evidence for the partnership revenue, the subsequent investment arrangement and recoverability of its financial asset. Possible effects may be material and pervasive. These tables reproduce the annual report’s reported figures; possible adjustments remain undetermined. The auditor also expresses no opinion on whether relevant accounting records were properly kept.
Five official annual originals FY2022–FY2026 (670 pages) are archived. Financial years run 1 April–31 March. Latest available comparative presentation: FY2026 annual supplies 2026/2025; FY2025 annual supplies 2024; FY2024 annual supplies restated 2023; FY2023 annual supplies original FY2022 before the later restatement. Report-year labels follow the March closing year.
Primary monetary statement columns are whole Singapore dollars, not thousands. EPS is Singapore cents per share; EPS weighted ordinary shares are whole share counts. Group comprehensive income, Group and Company financial position, Group equity and Group cash flows are printed. Separate Company income, equity and cash flow primary statements are not printed.
FY2024 Note 32 restates FY2023 and 1 April 2022 opening financial position for concert investments/project costs and related taxes. Original FY2022 full income, cash flow and equity remain labelled before later restatement. Restated 1 April 2022 opening financial position is shown separately; it is not an extra full year or an invented restated FY2022 income/cash flow statement. Group opening equity changes from S$45,251,517 to S$40,942,079; FY2023 closing equity changes from S$47,016,332 to S$42,715,704.
FY2023 restatement changes OCI by S$8,810. It reclassifies S$59,703 between other-current-asset operating cash movement and unrealised currency translation; the two cash-flow adjustments offset. The later FY2023 financing reconciliation also moves S$7,493 between bank principal/interest payments and accrued trade and other payables; closing bank debt S$12,876,965 is unchanged. Original and later presentations are retained without silently equating their individual lines.
FY2026 treasury shares are separate contra-equity. FY2025 owners loss S$23,349,743 and NCI profit S$824,979 sum to Group loss S$22,524,764; FY2026 NCI closing balance is a printed dash. No unsupported acquisition/disposal cause is inferred from the NCI numerical cancellation. Dashes/hyphens and genuinely blank subtotal captions retain the original notation.
Management reports S$7,478,199 investment at amortised cost: S$3,977,986 converted receivables plus S$3,278,000 cash and S$222,213 accrued interest. The converted amount comprises S$3,627,986 partnership receivable plus S$350,000 other receivable. Management recognised no loss allowance and describes a contractual 10% return and revised June/August/November 2026 and February 2027 repayments. These are management’s reported accounting judgements; the auditor could not obtain sufficient appropriate evidence for recognition, measurement or recoverability.
Reported revenue includes FVPL gains/(losses): FY2026 customer-contract revenue S$43,461,147 plus FVPL gain S$178,209 equals S$43,639,356. The S$3,627,986 partnership net revenue is within the auditor disclaimer; the arithmetic bridge does not establish its accounting validity.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2024Group / Opening 1 April 2023 | 2024Group / Proceeds from borrowings | 2024Group / Principal and interest payments | 2024Group / Additions during the year | 2024Group / Derecognition of leases | 2024Group / Interest expense | 2024Group / Movement in accrued interests | 2024Group / Currency translation differences | 2024Group / Closing 31 March 2024 | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| Financing liability movements | ||||||||||
| Bank borrowingsSingapore dollars | 12,876,965 | 2,500,000 | (14,195,079) | – | – | 335,730 | (676) | 108,060 | 1,625,000 | PDF p. 68 |
| Lease liabilitiesSingapore dollars | 43,137 | - | (47,839) | 72,353 | – | 2,878 | – | (367) | 70,162 | PDF p. 68 |
Original report: PDF p. 68 ↗
FY2026 auditor report dated 30 June 2026: Disclaimer of Opinion. CLA Global TS Public Accounting Corporation could not obtain sufficient appropriate audit evidence for the partnership revenue, the subsequent investment arrangement and recoverability of its financial asset. Possible effects may be material and pervasive. These tables reproduce the annual report’s reported figures; possible adjustments remain undetermined. The auditor also expresses no opinion on whether relevant accounting records were properly kept.
Five official annual originals FY2022–FY2026 (670 pages) are archived. Financial years run 1 April–31 March. Latest available comparative presentation: FY2026 annual supplies 2026/2025; FY2025 annual supplies 2024; FY2024 annual supplies restated 2023; FY2023 annual supplies original FY2022 before the later restatement. Report-year labels follow the March closing year.
Primary monetary statement columns are whole Singapore dollars, not thousands. EPS is Singapore cents per share; EPS weighted ordinary shares are whole share counts. Group comprehensive income, Group and Company financial position, Group equity and Group cash flows are printed. Separate Company income, equity and cash flow primary statements are not printed.
FY2024 Note 32 restates FY2023 and 1 April 2022 opening financial position for concert investments/project costs and related taxes. Original FY2022 full income, cash flow and equity remain labelled before later restatement. Restated 1 April 2022 opening financial position is shown separately; it is not an extra full year or an invented restated FY2022 income/cash flow statement. Group opening equity changes from S$45,251,517 to S$40,942,079; FY2023 closing equity changes from S$47,016,332 to S$42,715,704.
FY2023 restatement changes OCI by S$8,810. It reclassifies S$59,703 between other-current-asset operating cash movement and unrealised currency translation; the two cash-flow adjustments offset. The later FY2023 financing reconciliation also moves S$7,493 between bank principal/interest payments and accrued trade and other payables; closing bank debt S$12,876,965 is unchanged. Original and later presentations are retained without silently equating their individual lines.
FY2026 treasury shares are separate contra-equity. FY2025 owners loss S$23,349,743 and NCI profit S$824,979 sum to Group loss S$22,524,764; FY2026 NCI closing balance is a printed dash. No unsupported acquisition/disposal cause is inferred from the NCI numerical cancellation. Dashes/hyphens and genuinely blank subtotal captions retain the original notation.
Management reports S$7,478,199 investment at amortised cost: S$3,977,986 converted receivables plus S$3,278,000 cash and S$222,213 accrued interest. The converted amount comprises S$3,627,986 partnership receivable plus S$350,000 other receivable. Management recognised no loss allowance and describes a contractual 10% return and revised June/August/November 2026 and February 2027 repayments. These are management’s reported accounting judgements; the auditor could not obtain sufficient appropriate evidence for recognition, measurement or recoverability.
Reported revenue includes FVPL gains/(losses): FY2026 customer-contract revenue S$43,461,147 plus FVPL gain S$178,209 equals S$43,639,356. The S$3,627,986 partnership net revenue is within the auditor disclaimer; the arithmetic bridge does not establish its accounting validity.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group / restated / year 1 April 2022–31 March 2023 | Source |
|---|---|---|
| Group comprehensive income | ||
| RevenueSingapore dollars | 29,228,546 | PDF p. 66 |
| Cost of salesSingapore dollars | (21,644,959) | PDF p. 66 |
| Gross profitSingapore dollars | 7,583,587 | PDF p. 66 |
| Other income | ||
| - Interest incomeSingapore dollars | 4,231 | PDF p. 66 |
| - OthersSingapore dollars | 21,521 | PDF p. 66 |
| Other losses / gains - net | ||
| - Loss allowance on financial assetsSingapore dollars | (543,568) | PDF p. 66 |
| - OthersSingapore dollars | (713,713) | PDF p. 66 |
| Group profit or loss | ||
| - Administrative expensesSingapore dollars | (3,978,009) | PDF p. 66 |
| - Finance expensesSingapore dollars | (668,003) | PDF p. 66 |
| Share of profit/(loss) of associated companiesSingapore dollars | (76,962) | PDF p. 66 |
| Profit before income taxSingapore dollars | 1,629,084 | PDF p. 66 |
| Income tax (expense)/creditSingapore dollars | 190,322 | PDF p. 66 |
| Net profit for the financial yearSingapore dollars | 1,819,406 | PDF p. 66 |
| Items that may be reclassified subsequently to profit or loss: | ||
| Currency translation differences arising from consolidation – lossesSingapore dollars | (45,781) | PDF p. 66 |
| Total comprehensive incomeSingapore dollars | 1,773,625 | PDF p. 66 |
| Net profit / loss attributable to | ||
| Equity holders of the CompanySingapore dollars | 1,821,822 | PDF p. 66 |
| Non-controlling interestSingapore dollars | (2,416) | PDF p. 66 |
| SubtotalSingapore dollars | 1,819,406 | PDF p. 66 |
| Total comprehensive income / loss attributable to | ||
| Equity holders of the CompanySingapore dollars | 1,776,041 | PDF p. 66 |
| Non-controlling interestSingapore dollars | (2,416) | PDF p. 66 |
| SubtotalSingapore dollars | 1,773,625 | PDF p. 66 |
| Basic and diluted earnings / loss per share attributable to equity holders of the Company | ||
| Basic and dilutedSingapore cents per share | 0.18 | PDF p. 66 |
Original report: PDF p. 66 ↗
FY2026 auditor report dated 30 June 2026: Disclaimer of Opinion. CLA Global TS Public Accounting Corporation could not obtain sufficient appropriate audit evidence for the partnership revenue, the subsequent investment arrangement and recoverability of its financial asset. Possible effects may be material and pervasive. These tables reproduce the annual report’s reported figures; possible adjustments remain undetermined. The auditor also expresses no opinion on whether relevant accounting records were properly kept.
Five official annual originals FY2022–FY2026 (670 pages) are archived. Financial years run 1 April–31 March. Latest available comparative presentation: FY2026 annual supplies 2026/2025; FY2025 annual supplies 2024; FY2024 annual supplies restated 2023; FY2023 annual supplies original FY2022 before the later restatement. Report-year labels follow the March closing year.
Primary monetary statement columns are whole Singapore dollars, not thousands. EPS is Singapore cents per share; EPS weighted ordinary shares are whole share counts. Group comprehensive income, Group and Company financial position, Group equity and Group cash flows are printed. Separate Company income, equity and cash flow primary statements are not printed.
FY2024 Note 32 restates FY2023 and 1 April 2022 opening financial position for concert investments/project costs and related taxes. Original FY2022 full income, cash flow and equity remain labelled before later restatement. Restated 1 April 2022 opening financial position is shown separately; it is not an extra full year or an invented restated FY2022 income/cash flow statement. Group opening equity changes from S$45,251,517 to S$40,942,079; FY2023 closing equity changes from S$47,016,332 to S$42,715,704.
FY2023 restatement changes OCI by S$8,810. It reclassifies S$59,703 between other-current-asset operating cash movement and unrealised currency translation; the two cash-flow adjustments offset. The later FY2023 financing reconciliation also moves S$7,493 between bank principal/interest payments and accrued trade and other payables; closing bank debt S$12,876,965 is unchanged. Original and later presentations are retained without silently equating their individual lines.
FY2026 treasury shares are separate contra-equity. FY2025 owners loss S$23,349,743 and NCI profit S$824,979 sum to Group loss S$22,524,764; FY2026 NCI closing balance is a printed dash. No unsupported acquisition/disposal cause is inferred from the NCI numerical cancellation. Dashes/hyphens and genuinely blank subtotal captions retain the original notation.
Management reports S$7,478,199 investment at amortised cost: S$3,977,986 converted receivables plus S$3,278,000 cash and S$222,213 accrued interest. The converted amount comprises S$3,627,986 partnership receivable plus S$350,000 other receivable. Management recognised no loss allowance and describes a contractual 10% return and revised June/August/November 2026 and February 2027 repayments. These are management’s reported accounting judgements; the auditor could not obtain sufficient appropriate evidence for recognition, measurement or recoverability.
Reported revenue includes FVPL gains/(losses): FY2026 customer-contract revenue S$43,461,147 plus FVPL gain S$178,209 equals S$43,639,356. The S$3,627,986 partnership net revenue is within the auditor disclaimer; the arithmetic bridge does not establish its accounting validity.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group / restated / year 1 April 2022–31 March 2023 | Source |
|---|---|---|
| Current assets | ||
| Cash and cash equivalentsSingapore dollars | 7,230,720 | PDF p. 67 |
| Trade and other receivablesSingapore dollars | 14,255,950 | PDF p. 67 |
| Other current assetsSingapore dollars | 9,992,351 | PDF p. 67 |
| Financial assets, at FVPLSingapore dollars | 4,503,949 | PDF p. 67 |
| Income tax recoverableSingapore dollars | 1,217,784 | PDF p. 67 |
| SubtotalSingapore dollars | 37,200,754 | PDF p. 67 |
| Non-current assets | ||
| Property, plant and equipmentSingapore dollars | 12,634,484 | PDF p. 67 |
| Other receivablesSingapore dollars | 1,857,906 | PDF p. 67 |
| Investments in associated companiesSingapore dollars | 701,904 | PDF p. 67 |
| Intangible assetsSingapore dollars | 15,521,354 | PDF p. 67 |
| SubtotalSingapore dollars | 30,715,648 | PDF p. 67 |
| Total assetsSingapore dollars | 67,916,402 | PDF p. 67 |
| Current liabilities | ||
| Trade and other payablesSingapore dollars | 11,472,106 | PDF p. 67 |
| BorrowingsSingapore dollars | 9,322,354 | PDF p. 67 |
| Derivative financial instrumentsSingapore dollars | – | PDF p. 67 |
| Income tax payablesSingapore dollars | 163,700 | PDF p. 67 |
| SubtotalSingapore dollars | 20,958,160 | PDF p. 67 |
| Non-current liabilities | ||
| BorrowingsSingapore dollars | 3,597,748 | PDF p. 67 |
| Deferred tax liabilitiesSingapore dollars | 644,790 | PDF p. 67 |
| SubtotalSingapore dollars | 4,242,538 | PDF p. 67 |
| Total liabilitiesSingapore dollars | 25,200,698 | PDF p. 67 |
| NET ASSETSSingapore dollars | 42,715,704 | PDF p. 67 |
| Capital and reserves attributable to equity holders of the Company | ||
| Share capitalSingapore dollars | 20,542,223 | PDF p. 67 |
| Other reservesSingapore dollars | 455,146 | PDF p. 67 |
| Retained profitsSingapore dollars | 22,551,879 | PDF p. 67 |
| SubtotalSingapore dollars | 43,549,248 | PDF p. 67 |
| Non-controlling interestSingapore dollars | (833,544) | PDF p. 67 |
| Total equitySingapore dollars | 42,715,704 | PDF p. 67 |
Original report: PDF p. 67 ↗
FY2026 auditor report dated 30 June 2026: Disclaimer of Opinion. CLA Global TS Public Accounting Corporation could not obtain sufficient appropriate audit evidence for the partnership revenue, the subsequent investment arrangement and recoverability of its financial asset. Possible effects may be material and pervasive. These tables reproduce the annual report’s reported figures; possible adjustments remain undetermined. The auditor also expresses no opinion on whether relevant accounting records were properly kept.
Five official annual originals FY2022–FY2026 (670 pages) are archived. Financial years run 1 April–31 March. Latest available comparative presentation: FY2026 annual supplies 2026/2025; FY2025 annual supplies 2024; FY2024 annual supplies restated 2023; FY2023 annual supplies original FY2022 before the later restatement. Report-year labels follow the March closing year.
Primary monetary statement columns are whole Singapore dollars, not thousands. EPS is Singapore cents per share; EPS weighted ordinary shares are whole share counts. Group comprehensive income, Group and Company financial position, Group equity and Group cash flows are printed. Separate Company income, equity and cash flow primary statements are not printed.
FY2024 Note 32 restates FY2023 and 1 April 2022 opening financial position for concert investments/project costs and related taxes. Original FY2022 full income, cash flow and equity remain labelled before later restatement. Restated 1 April 2022 opening financial position is shown separately; it is not an extra full year or an invented restated FY2022 income/cash flow statement. Group opening equity changes from S$45,251,517 to S$40,942,079; FY2023 closing equity changes from S$47,016,332 to S$42,715,704.
FY2023 restatement changes OCI by S$8,810. It reclassifies S$59,703 between other-current-asset operating cash movement and unrealised currency translation; the two cash-flow adjustments offset. The later FY2023 financing reconciliation also moves S$7,493 between bank principal/interest payments and accrued trade and other payables; closing bank debt S$12,876,965 is unchanged. Original and later presentations are retained without silently equating their individual lines.
FY2026 treasury shares are separate contra-equity. FY2025 owners loss S$23,349,743 and NCI profit S$824,979 sum to Group loss S$22,524,764; FY2026 NCI closing balance is a printed dash. No unsupported acquisition/disposal cause is inferred from the NCI numerical cancellation. Dashes/hyphens and genuinely blank subtotal captions retain the original notation.
Management reports S$7,478,199 investment at amortised cost: S$3,977,986 converted receivables plus S$3,278,000 cash and S$222,213 accrued interest. The converted amount comprises S$3,627,986 partnership receivable plus S$350,000 other receivable. Management recognised no loss allowance and describes a contractual 10% return and revised June/August/November 2026 and February 2027 repayments. These are management’s reported accounting judgements; the auditor could not obtain sufficient appropriate evidence for recognition, measurement or recoverability.
Reported revenue includes FVPL gains/(losses): FY2026 customer-contract revenue S$43,461,147 plus FVPL gain S$178,209 equals S$43,639,356. The S$3,627,986 partnership net revenue is within the auditor disclaimer; the arithmetic bridge does not establish its accounting validity.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Company / restated / year 1 April 2022–31 March 2023 | Source |
|---|---|---|
| Current assets | ||
| Cash and cash equivalentsSingapore dollars | 117,164 | PDF p. 68 |
| Trade and other receivablesSingapore dollars | 26,563,796 | PDF p. 68 |
| SubtotalSingapore dollars | 26,680,960 | PDF p. 68 |
| Non-current assets | ||
| Property, plant and equipmentSingapore dollars | – | PDF p. 68 |
| Investments in subsidiary corporationsSingapore dollars | 242,296 | PDF p. 68 |
| Investments in associated companiesSingapore dollars | 701,904 | PDF p. 68 |
| SubtotalSingapore dollars | 944,200 | PDF p. 68 |
| Total assetsSingapore dollars | 27,625,160 | PDF p. 68 |
| Current liabilities | ||
| Trade and other payablesSingapore dollars | 1,423,373 | PDF p. 68 |
| BorrowingsSingapore dollars | 1,857,280 | PDF p. 68 |
| Income tax payablesSingapore dollars | 163,700 | PDF p. 68 |
| SubtotalSingapore dollars | 3,444,353 | PDF p. 68 |
| Non-current liabilities | ||
| Deferred tax liabilitiesSingapore dollars | – | PDF p. 68 |
| SubtotalSingapore dollars | – | PDF p. 68 |
| Total liabilitiesSingapore dollars | 3,444,353 | PDF p. 68 |
| NET ASSETSSingapore dollars | 24,180,807 | PDF p. 68 |
| Capital and reserves attributable to equity holders of the Company | ||
| Share capitalSingapore dollars | 20,542,223 | PDF p. 68 |
| Retained profitsSingapore dollars | 3,638,584 | PDF p. 68 |
| Total equitySingapore dollars | 24,180,807 | PDF p. 68 |
Original report: PDF p. 68 ↗
FY2026 auditor report dated 30 June 2026: Disclaimer of Opinion. CLA Global TS Public Accounting Corporation could not obtain sufficient appropriate audit evidence for the partnership revenue, the subsequent investment arrangement and recoverability of its financial asset. Possible effects may be material and pervasive. These tables reproduce the annual report’s reported figures; possible adjustments remain undetermined. The auditor also expresses no opinion on whether relevant accounting records were properly kept.
Five official annual originals FY2022–FY2026 (670 pages) are archived. Financial years run 1 April–31 March. Latest available comparative presentation: FY2026 annual supplies 2026/2025; FY2025 annual supplies 2024; FY2024 annual supplies restated 2023; FY2023 annual supplies original FY2022 before the later restatement. Report-year labels follow the March closing year.
Primary monetary statement columns are whole Singapore dollars, not thousands. EPS is Singapore cents per share; EPS weighted ordinary shares are whole share counts. Group comprehensive income, Group and Company financial position, Group equity and Group cash flows are printed. Separate Company income, equity and cash flow primary statements are not printed.
FY2024 Note 32 restates FY2023 and 1 April 2022 opening financial position for concert investments/project costs and related taxes. Original FY2022 full income, cash flow and equity remain labelled before later restatement. Restated 1 April 2022 opening financial position is shown separately; it is not an extra full year or an invented restated FY2022 income/cash flow statement. Group opening equity changes from S$45,251,517 to S$40,942,079; FY2023 closing equity changes from S$47,016,332 to S$42,715,704.
FY2023 restatement changes OCI by S$8,810. It reclassifies S$59,703 between other-current-asset operating cash movement and unrealised currency translation; the two cash-flow adjustments offset. The later FY2023 financing reconciliation also moves S$7,493 between bank principal/interest payments and accrued trade and other payables; closing bank debt S$12,876,965 is unchanged. Original and later presentations are retained without silently equating their individual lines.
FY2026 treasury shares are separate contra-equity. FY2025 owners loss S$23,349,743 and NCI profit S$824,979 sum to Group loss S$22,524,764; FY2026 NCI closing balance is a printed dash. No unsupported acquisition/disposal cause is inferred from the NCI numerical cancellation. Dashes/hyphens and genuinely blank subtotal captions retain the original notation.
Management reports S$7,478,199 investment at amortised cost: S$3,977,986 converted receivables plus S$3,278,000 cash and S$222,213 accrued interest. The converted amount comprises S$3,627,986 partnership receivable plus S$350,000 other receivable. Management recognised no loss allowance and describes a contractual 10% return and revised June/August/November 2026 and February 2027 repayments. These are management’s reported accounting judgements; the auditor could not obtain sufficient appropriate evidence for recognition, measurement or recoverability.
Reported revenue includes FVPL gains/(losses): FY2026 customer-contract revenue S$43,461,147 plus FVPL gain S$178,209 equals S$43,639,356. The S$3,627,986 partnership net revenue is within the auditor disclaimer; the arithmetic bridge does not establish its accounting validity.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group / Share capital | 2023Group / Accumulated losses / retained profits | 2023Group / Other reserves | 2023Group / Total attributable to equity holders of the Company | 2023Group / Non-controlling interest | 2023Group / Total equity | Source |
|---|---|---|---|---|---|---|---|
| Group changes in equity / restated | |||||||
| Balance as at 1 April 2022, as previously statedSingapore dollars | 20,542,223 | 25,040,839 | 499,583 | 46,082,645 | (831,128) | 45,251,517 | PDF p. 69 |
| Prior year adjustments (Note 32)Singapore dollars | – | (4,310,782) | 1,344 | (4,309,438) | – | (4,309,438) | PDF p. 69 |
| Balance as at 1 April 2022, as restatedSingapore dollars | 20,542,223 | 20,730,057 | 500,927 | 41,773,207 | (831,128) | 40,942,079 | PDF p. 69 |
| Net profit/(loss) for the financial yearSingapore dollars | – | 1,821,822 | – | 1,821,822 | (2,416) | 1,819,406 | PDF p. 69 |
| Other comprehensive income / loss for the financial yearSingapore dollars | – | – | (45,781) | (45,781) | – | (45,781) | PDF p. 69 |
| Total comprehensive income/(loss) for the financial yearSingapore dollars | – | 1,821,822 | (45,781) | 1,776,041 | (2,416) | 1,773,625 | PDF p. 69 |
| Balance as at 31 March 2023Singapore dollars | 20,542,223 | 22,551,879 | 455,146 | 43,549,248 | (833,544) | 42,715,704 | PDF p. 69 |
Original report: PDF p. 69 ↗
FY2026 auditor report dated 30 June 2026: Disclaimer of Opinion. CLA Global TS Public Accounting Corporation could not obtain sufficient appropriate audit evidence for the partnership revenue, the subsequent investment arrangement and recoverability of its financial asset. Possible effects may be material and pervasive. These tables reproduce the annual report’s reported figures; possible adjustments remain undetermined. The auditor also expresses no opinion on whether relevant accounting records were properly kept.
Five official annual originals FY2022–FY2026 (670 pages) are archived. Financial years run 1 April–31 March. Latest available comparative presentation: FY2026 annual supplies 2026/2025; FY2025 annual supplies 2024; FY2024 annual supplies restated 2023; FY2023 annual supplies original FY2022 before the later restatement. Report-year labels follow the March closing year.
Primary monetary statement columns are whole Singapore dollars, not thousands. EPS is Singapore cents per share; EPS weighted ordinary shares are whole share counts. Group comprehensive income, Group and Company financial position, Group equity and Group cash flows are printed. Separate Company income, equity and cash flow primary statements are not printed.
FY2024 Note 32 restates FY2023 and 1 April 2022 opening financial position for concert investments/project costs and related taxes. Original FY2022 full income, cash flow and equity remain labelled before later restatement. Restated 1 April 2022 opening financial position is shown separately; it is not an extra full year or an invented restated FY2022 income/cash flow statement. Group opening equity changes from S$45,251,517 to S$40,942,079; FY2023 closing equity changes from S$47,016,332 to S$42,715,704.
FY2023 restatement changes OCI by S$8,810. It reclassifies S$59,703 between other-current-asset operating cash movement and unrealised currency translation; the two cash-flow adjustments offset. The later FY2023 financing reconciliation also moves S$7,493 between bank principal/interest payments and accrued trade and other payables; closing bank debt S$12,876,965 is unchanged. Original and later presentations are retained without silently equating their individual lines.
FY2026 treasury shares are separate contra-equity. FY2025 owners loss S$23,349,743 and NCI profit S$824,979 sum to Group loss S$22,524,764; FY2026 NCI closing balance is a printed dash. No unsupported acquisition/disposal cause is inferred from the NCI numerical cancellation. Dashes/hyphens and genuinely blank subtotal captions retain the original notation.
Management reports S$7,478,199 investment at amortised cost: S$3,977,986 converted receivables plus S$3,278,000 cash and S$222,213 accrued interest. The converted amount comprises S$3,627,986 partnership receivable plus S$350,000 other receivable. Management recognised no loss allowance and describes a contractual 10% return and revised June/August/November 2026 and February 2027 repayments. These are management’s reported accounting judgements; the auditor could not obtain sufficient appropriate evidence for recognition, measurement or recoverability.
Reported revenue includes FVPL gains/(losses): FY2026 customer-contract revenue S$43,461,147 plus FVPL gain S$178,209 equals S$43,639,356. The S$3,627,986 partnership net revenue is within the auditor disclaimer; the arithmetic bridge does not establish its accounting validity.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group / restated / year 1 April 2022–31 March 2023 | Source |
|---|---|---|
| Cash flows from operating activities | ||
| Net profitSingapore dollars | 1,819,406 | PDF p. 70 |
| Adjustments for: | ||
| - Amortisation of intangible assetsSingapore dollars | 270,000 | PDF p. 70 |
| - Depreciation of property, plant and equipmentSingapore dollars | 1,256,194 | PDF p. 70 |
| - Gain on disposal of property, plant and equipmentSingapore dollars | (53,140) | PDF p. 70 |
| - Fair value gain on derivative financial instrumentsSingapore dollars | (6,144) | PDF p. 70 |
| - Fair value loss on financial assets, at FVPLSingapore dollars | – | PDF p. 70 |
| - Impairment loss on intangible assetsSingapore dollars | – | PDF p. 70 |
| - Interest incomeSingapore dollars | (4,231) | PDF p. 70 |
| - Interest expenseSingapore dollars | 668,003 | PDF p. 70 |
| - Income tax expense/(credit)Singapore dollars | (190,322) | PDF p. 70 |
| - Loss allowance on financial assetsSingapore dollars | 571,863 | PDF p. 70 |
| - Reversal of loss allowance on financial assetsSingapore dollars | (28,295) | PDF p. 70 |
| - Share of (profit)/loss of associated companiesSingapore dollars | 76,962 | PDF p. 70 |
| - Unrealised currency translation lossesSingapore dollars | 295,387 | PDF p. 70 |
| Operating cash flow before working capital changesSingapore dollars | 4,675,683 | PDF p. 70 |
| Change in working capital: | ||
| - Trade and other receivablesSingapore dollars | (1,778,739) | PDF p. 70 |
| - Trade and other payablesSingapore dollars | 2,996,974 | PDF p. 70 |
| - Other current assetsSingapore dollars | 4,927,819 | PDF p. 70 |
| - Financial assets, at FVPLSingapore dollars | – | PDF p. 70 |
| Cash generated from operationsSingapore dollars | 10,821,737 | PDF p. 70 |
| Interest receivedSingapore dollars | 4,231 | PDF p. 70 |
| Income tax paidSingapore dollars | (47,771) | PDF p. 70 |
| Income tax refundSingapore dollars | 17,000 | PDF p. 70 |
| Net cash generated from operating activitiesSingapore dollars | 10,795,197 | PDF p. 70 |
| Cash flows from investing activities | ||
| Purchase of property, plant and equipmentSingapore dollars | (750,187) | PDF p. 70 |
| Proceeds from disposal of property, plant and equipmentSingapore dollars | 53,140 | PDF p. 70 |
| Net cash used in investing activitiesSingapore dollars | (697,047) | PDF p. 70 |
| Cash flows from financing activities | ||
| Proceeds from bank borrowingsSingapore dollars | 450,000 | PDF p. 70 |
| Repayment of bank borrowingsSingapore dollars | (4,934,755) | PDF p. 70 |
| Repayment of lease liabilitiesSingapore dollars | (42,495) | PDF p. 70 |
| Interest paidSingapore dollars | (660,510) | PDF p. 70 |
| Net cash used in financing activitiesSingapore dollars | (5,187,760) | PDF p. 70 |
| Net changes in cash and cash equivalentsSingapore dollars | 4,910,390 | PDF p. 70 |
| Cash and cash equivalents | ||
| Beginning of financial yearSingapore dollars | 2,374,006 | PDF p. 70 |
| Effect on currency translation on cash and cash equivalentsSingapore dollars | (53,676) | PDF p. 70 |
| End of financial yearSingapore dollars | 7,230,720 | PDF p. 70 |
Original report: PDF p. 70 ↗
FY2026 auditor report dated 30 June 2026: Disclaimer of Opinion. CLA Global TS Public Accounting Corporation could not obtain sufficient appropriate audit evidence for the partnership revenue, the subsequent investment arrangement and recoverability of its financial asset. Possible effects may be material and pervasive. These tables reproduce the annual report’s reported figures; possible adjustments remain undetermined. The auditor also expresses no opinion on whether relevant accounting records were properly kept.
Five official annual originals FY2022–FY2026 (670 pages) are archived. Financial years run 1 April–31 March. Latest available comparative presentation: FY2026 annual supplies 2026/2025; FY2025 annual supplies 2024; FY2024 annual supplies restated 2023; FY2023 annual supplies original FY2022 before the later restatement. Report-year labels follow the March closing year.
Primary monetary statement columns are whole Singapore dollars, not thousands. EPS is Singapore cents per share; EPS weighted ordinary shares are whole share counts. Group comprehensive income, Group and Company financial position, Group equity and Group cash flows are printed. Separate Company income, equity and cash flow primary statements are not printed.
FY2024 Note 32 restates FY2023 and 1 April 2022 opening financial position for concert investments/project costs and related taxes. Original FY2022 full income, cash flow and equity remain labelled before later restatement. Restated 1 April 2022 opening financial position is shown separately; it is not an extra full year or an invented restated FY2022 income/cash flow statement. Group opening equity changes from S$45,251,517 to S$40,942,079; FY2023 closing equity changes from S$47,016,332 to S$42,715,704.
FY2023 restatement changes OCI by S$8,810. It reclassifies S$59,703 between other-current-asset operating cash movement and unrealised currency translation; the two cash-flow adjustments offset. The later FY2023 financing reconciliation also moves S$7,493 between bank principal/interest payments and accrued trade and other payables; closing bank debt S$12,876,965 is unchanged. Original and later presentations are retained without silently equating their individual lines.
FY2026 treasury shares are separate contra-equity. FY2025 owners loss S$23,349,743 and NCI profit S$824,979 sum to Group loss S$22,524,764; FY2026 NCI closing balance is a printed dash. No unsupported acquisition/disposal cause is inferred from the NCI numerical cancellation. Dashes/hyphens and genuinely blank subtotal captions retain the original notation.
Management reports S$7,478,199 investment at amortised cost: S$3,977,986 converted receivables plus S$3,278,000 cash and S$222,213 accrued interest. The converted amount comprises S$3,627,986 partnership receivable plus S$350,000 other receivable. Management recognised no loss allowance and describes a contractual 10% return and revised June/August/November 2026 and February 2027 repayments. These are management’s reported accounting judgements; the auditor could not obtain sufficient appropriate evidence for recognition, measurement or recoverability.
Reported revenue includes FVPL gains/(losses): FY2026 customer-contract revenue S$43,461,147 plus FVPL gain S$178,209 equals S$43,639,356. The S$3,627,986 partnership net revenue is within the auditor disclaimer; the arithmetic bridge does not establish its accounting validity.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group / year ended 31 March 2023 | Source |
|---|---|---|
| EPS reported original numerator, weighted ordinary shares and cents | ||
| Net profit attributable to equity holders of the Company ($)Singapore dollars | 1,821,822 | PDF p. 92 |
| Weighted average number of ordinary shares outstanding for basic and diluted earnings per shareShares | 1,029,179,292 | PDF p. 92 |
| Basic and diluted per share (cents per share)Singapore cents per share | 0.18 | PDF p. 92 |
Original report: PDF p. 92 ↗
FY2026 auditor report dated 30 June 2026: Disclaimer of Opinion. CLA Global TS Public Accounting Corporation could not obtain sufficient appropriate audit evidence for the partnership revenue, the subsequent investment arrangement and recoverability of its financial asset. Possible effects may be material and pervasive. These tables reproduce the annual report’s reported figures; possible adjustments remain undetermined. The auditor also expresses no opinion on whether relevant accounting records were properly kept.
Five official annual originals FY2022–FY2026 (670 pages) are archived. Financial years run 1 April–31 March. Latest available comparative presentation: FY2026 annual supplies 2026/2025; FY2025 annual supplies 2024; FY2024 annual supplies restated 2023; FY2023 annual supplies original FY2022 before the later restatement. Report-year labels follow the March closing year.
Primary monetary statement columns are whole Singapore dollars, not thousands. EPS is Singapore cents per share; EPS weighted ordinary shares are whole share counts. Group comprehensive income, Group and Company financial position, Group equity and Group cash flows are printed. Separate Company income, equity and cash flow primary statements are not printed.
FY2024 Note 32 restates FY2023 and 1 April 2022 opening financial position for concert investments/project costs and related taxes. Original FY2022 full income, cash flow and equity remain labelled before later restatement. Restated 1 April 2022 opening financial position is shown separately; it is not an extra full year or an invented restated FY2022 income/cash flow statement. Group opening equity changes from S$45,251,517 to S$40,942,079; FY2023 closing equity changes from S$47,016,332 to S$42,715,704.
FY2023 restatement changes OCI by S$8,810. It reclassifies S$59,703 between other-current-asset operating cash movement and unrealised currency translation; the two cash-flow adjustments offset. The later FY2023 financing reconciliation also moves S$7,493 between bank principal/interest payments and accrued trade and other payables; closing bank debt S$12,876,965 is unchanged. Original and later presentations are retained without silently equating their individual lines.
FY2026 treasury shares are separate contra-equity. FY2025 owners loss S$23,349,743 and NCI profit S$824,979 sum to Group loss S$22,524,764; FY2026 NCI closing balance is a printed dash. No unsupported acquisition/disposal cause is inferred from the NCI numerical cancellation. Dashes/hyphens and genuinely blank subtotal captions retain the original notation.
Management reports S$7,478,199 investment at amortised cost: S$3,977,986 converted receivables plus S$3,278,000 cash and S$222,213 accrued interest. The converted amount comprises S$3,627,986 partnership receivable plus S$350,000 other receivable. Management recognised no loss allowance and describes a contractual 10% return and revised June/August/November 2026 and February 2027 repayments. These are management’s reported accounting judgements; the auditor could not obtain sufficient appropriate evidence for recognition, measurement or recoverability.
Reported revenue includes FVPL gains/(losses): FY2026 customer-contract revenue S$43,461,147 plus FVPL gain S$178,209 equals S$43,639,356. The S$3,627,986 partnership net revenue is within the auditor disclaimer; the arithmetic bridge does not establish its accounting validity.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group / Opening 1 April 2022 | 2023Group / Proceeds from borrowings | 2023Group / Principal and interest payments | 2023Group / Additions during the year | 2023Group / Interest expense | 2023Group / Accrued in trade and other payables | 2023Group / Currency translation differences | 2023Group / Closing 31 March 2023 | Source |
|---|---|---|---|---|---|---|---|---|---|
| Financing liability movements | |||||||||
| Bank borrowingsSingapore dollars | 17,503,280 | 450,000 | (5,592,575) | – | 665,313 | (7,493) | (141,560) | 12,876,965 | PDF p. 71 |
| Lease liabilitiesSingapore dollars | 87,582 | – | (45,185) | – | 2,690 | – | (1,950) | 43,137 | PDF p. 71 |
Original report: PDF p. 71 ↗
FY2026 auditor report dated 30 June 2026: Disclaimer of Opinion. CLA Global TS Public Accounting Corporation could not obtain sufficient appropriate audit evidence for the partnership revenue, the subsequent investment arrangement and recoverability of its financial asset. Possible effects may be material and pervasive. These tables reproduce the annual report’s reported figures; possible adjustments remain undetermined. The auditor also expresses no opinion on whether relevant accounting records were properly kept.
Five official annual originals FY2022–FY2026 (670 pages) are archived. Financial years run 1 April–31 March. Latest available comparative presentation: FY2026 annual supplies 2026/2025; FY2025 annual supplies 2024; FY2024 annual supplies restated 2023; FY2023 annual supplies original FY2022 before the later restatement. Report-year labels follow the March closing year.
Primary monetary statement columns are whole Singapore dollars, not thousands. EPS is Singapore cents per share; EPS weighted ordinary shares are whole share counts. Group comprehensive income, Group and Company financial position, Group equity and Group cash flows are printed. Separate Company income, equity and cash flow primary statements are not printed.
FY2024 Note 32 restates FY2023 and 1 April 2022 opening financial position for concert investments/project costs and related taxes. Original FY2022 full income, cash flow and equity remain labelled before later restatement. Restated 1 April 2022 opening financial position is shown separately; it is not an extra full year or an invented restated FY2022 income/cash flow statement. Group opening equity changes from S$45,251,517 to S$40,942,079; FY2023 closing equity changes from S$47,016,332 to S$42,715,704.
FY2023 restatement changes OCI by S$8,810. It reclassifies S$59,703 between other-current-asset operating cash movement and unrealised currency translation; the two cash-flow adjustments offset. The later FY2023 financing reconciliation also moves S$7,493 between bank principal/interest payments and accrued trade and other payables; closing bank debt S$12,876,965 is unchanged. Original and later presentations are retained without silently equating their individual lines.
FY2026 treasury shares are separate contra-equity. FY2025 owners loss S$23,349,743 and NCI profit S$824,979 sum to Group loss S$22,524,764; FY2026 NCI closing balance is a printed dash. No unsupported acquisition/disposal cause is inferred from the NCI numerical cancellation. Dashes/hyphens and genuinely blank subtotal captions retain the original notation.
Management reports S$7,478,199 investment at amortised cost: S$3,977,986 converted receivables plus S$3,278,000 cash and S$222,213 accrued interest. The converted amount comprises S$3,627,986 partnership receivable plus S$350,000 other receivable. Management recognised no loss allowance and describes a contractual 10% return and revised June/August/November 2026 and February 2027 repayments. These are management’s reported accounting judgements; the auditor could not obtain sufficient appropriate evidence for recognition, measurement or recoverability.
Reported revenue includes FVPL gains/(losses): FY2026 customer-contract revenue S$43,461,147 plus FVPL gain S$178,209 equals S$43,639,356. The S$3,627,986 partnership net revenue is within the auditor disclaimer; the arithmetic bridge does not establish its accounting validity.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group / as at 1 April 2022 / restated opening balance, not a full reporting year | Source |
|---|---|---|
| Current assets | ||
| Cash and cash equivalentsSingapore dollars | 2,374,006 | PDF p. 67 |
| Trade and other receivablesSingapore dollars | 13,020,779 | PDF p. 67 |
| Other current assetsSingapore dollars | 14,920,170 | PDF p. 67 |
| Financial assets, at FVPLSingapore dollars | 4,554,842 | PDF p. 67 |
| Income tax recoverableSingapore dollars | 1,184,284 | PDF p. 67 |
| SubtotalSingapore dollars | 36,054,081 | PDF p. 67 |
| Non-current assets | ||
| Property, plant and equipmentSingapore dollars | 13,163,684 | PDF p. 67 |
| Other receivablesSingapore dollars | 16,462,082 | PDF p. 67 |
| Investments in associated companiesSingapore dollars | 838,866 | PDF p. 67 |
| Intangible assetsSingapore dollars | 1,530,000 | PDF p. 67 |
| SubtotalSingapore dollars | 31,994,632 | PDF p. 67 |
| Total assetsSingapore dollars | 68,048,713 | PDF p. 67 |
| Current liabilities | ||
| Trade and other payablesSingapore dollars | 8,527,639 | PDF p. 67 |
| BorrowingsSingapore dollars | 8,292,929 | PDF p. 67 |
| Derivative financial instrumentsSingapore dollars | 6,144 | PDF p. 67 |
| Income tax payablesSingapore dollars | 163,700 | PDF p. 67 |
| SubtotalSingapore dollars | 16,990,412 | PDF p. 67 |
| Non-current liabilities | ||
| BorrowingsSingapore dollars | 9,297,933 | PDF p. 67 |
| Deferred tax liabilitiesSingapore dollars | 818,289 | PDF p. 67 |
| SubtotalSingapore dollars | 10,116,222 | PDF p. 67 |
| Total liabilitiesSingapore dollars | 27,106,634 | PDF p. 67 |
| NET ASSETSSingapore dollars | 40,942,079 | PDF p. 67 |
| Capital and reserves attributable to equity holders of the Company | ||
| Share capitalSingapore dollars | 20,542,223 | PDF p. 67 |
| Other reservesSingapore dollars | 500,927 | PDF p. 67 |
| Retained profitsSingapore dollars | 20,730,057 | PDF p. 67 |
| SubtotalSingapore dollars | 41,773,207 | PDF p. 67 |
| Non-controlling interestSingapore dollars | (831,128) | PDF p. 67 |
| Total equitySingapore dollars | 40,942,079 | PDF p. 67 |
Original report: PDF p. 67 ↗
FY2026 auditor report dated 30 June 2026: Disclaimer of Opinion. CLA Global TS Public Accounting Corporation could not obtain sufficient appropriate audit evidence for the partnership revenue, the subsequent investment arrangement and recoverability of its financial asset. Possible effects may be material and pervasive. These tables reproduce the annual report’s reported figures; possible adjustments remain undetermined. The auditor also expresses no opinion on whether relevant accounting records were properly kept.
Five official annual originals FY2022–FY2026 (670 pages) are archived. Financial years run 1 April–31 March. Latest available comparative presentation: FY2026 annual supplies 2026/2025; FY2025 annual supplies 2024; FY2024 annual supplies restated 2023; FY2023 annual supplies original FY2022 before the later restatement. Report-year labels follow the March closing year.
Primary monetary statement columns are whole Singapore dollars, not thousands. EPS is Singapore cents per share; EPS weighted ordinary shares are whole share counts. Group comprehensive income, Group and Company financial position, Group equity and Group cash flows are printed. Separate Company income, equity and cash flow primary statements are not printed.
FY2024 Note 32 restates FY2023 and 1 April 2022 opening financial position for concert investments/project costs and related taxes. Original FY2022 full income, cash flow and equity remain labelled before later restatement. Restated 1 April 2022 opening financial position is shown separately; it is not an extra full year or an invented restated FY2022 income/cash flow statement. Group opening equity changes from S$45,251,517 to S$40,942,079; FY2023 closing equity changes from S$47,016,332 to S$42,715,704.
FY2023 restatement changes OCI by S$8,810. It reclassifies S$59,703 between other-current-asset operating cash movement and unrealised currency translation; the two cash-flow adjustments offset. The later FY2023 financing reconciliation also moves S$7,493 between bank principal/interest payments and accrued trade and other payables; closing bank debt S$12,876,965 is unchanged. Original and later presentations are retained without silently equating their individual lines.
FY2026 treasury shares are separate contra-equity. FY2025 owners loss S$23,349,743 and NCI profit S$824,979 sum to Group loss S$22,524,764; FY2026 NCI closing balance is a printed dash. No unsupported acquisition/disposal cause is inferred from the NCI numerical cancellation. Dashes/hyphens and genuinely blank subtotal captions retain the original notation.
Management reports S$7,478,199 investment at amortised cost: S$3,977,986 converted receivables plus S$3,278,000 cash and S$222,213 accrued interest. The converted amount comprises S$3,627,986 partnership receivable plus S$350,000 other receivable. Management recognised no loss allowance and describes a contractual 10% return and revised June/August/November 2026 and February 2027 repayments. These are management’s reported accounting judgements; the auditor could not obtain sufficient appropriate evidence for recognition, measurement or recoverability.
Reported revenue includes FVPL gains/(losses): FY2026 customer-contract revenue S$43,461,147 plus FVPL gain S$178,209 equals S$43,639,356. The S$3,627,986 partnership net revenue is within the auditor disclaimer; the arithmetic bridge does not establish its accounting validity.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Company / as at 1 April 2022 / restated opening balance, not a full reporting year | Source |
|---|---|---|
| Current assets | ||
| Cash and cash equivalentsSingapore dollars | 133,609 | PDF p. 68 |
| Trade and other receivablesSingapore dollars | 27,685,394 | PDF p. 68 |
| SubtotalSingapore dollars | 27,819,003 | PDF p. 68 |
| Non-current assets | ||
| Property, plant and equipmentSingapore dollars | 4,178 | PDF p. 68 |
| Investments in subsidiary corporationsSingapore dollars | 242,296 | PDF p. 68 |
| Investments in associated companiesSingapore dollars | 778,866 | PDF p. 68 |
| SubtotalSingapore dollars | 1,025,340 | PDF p. 68 |
| Total assetsSingapore dollars | 28,844,343 | PDF p. 68 |
| Current liabilities | ||
| Trade and other payablesSingapore dollars | 1,048,658 | PDF p. 68 |
| BorrowingsSingapore dollars | 3,577,280 | PDF p. 68 |
| Income tax payablesSingapore dollars | 163,700 | PDF p. 68 |
| SubtotalSingapore dollars | 4,789,638 | PDF p. 68 |
| Non-current liabilities | ||
| Deferred tax liabilitiesSingapore dollars | 1,350 | PDF p. 68 |
| SubtotalSingapore dollars | 1,350 | PDF p. 68 |
| Total liabilitiesSingapore dollars | 4,790,988 | PDF p. 68 |
| NET ASSETSSingapore dollars | 24,053,355 | PDF p. 68 |
| Capital and reserves attributable to equity holders of the Company | ||
| Share capitalSingapore dollars | 20,542,223 | PDF p. 68 |
| Retained profitsSingapore dollars | 3,511,132 | PDF p. 68 |
| Total equitySingapore dollars | 24,053,355 | PDF p. 68 |
Original report: PDF p. 68 ↗
FY2026 auditor report dated 30 June 2026: Disclaimer of Opinion. CLA Global TS Public Accounting Corporation could not obtain sufficient appropriate audit evidence for the partnership revenue, the subsequent investment arrangement and recoverability of its financial asset. Possible effects may be material and pervasive. These tables reproduce the annual report’s reported figures; possible adjustments remain undetermined. The auditor also expresses no opinion on whether relevant accounting records were properly kept.
Five official annual originals FY2022–FY2026 (670 pages) are archived. Financial years run 1 April–31 March. Latest available comparative presentation: FY2026 annual supplies 2026/2025; FY2025 annual supplies 2024; FY2024 annual supplies restated 2023; FY2023 annual supplies original FY2022 before the later restatement. Report-year labels follow the March closing year.
Primary monetary statement columns are whole Singapore dollars, not thousands. EPS is Singapore cents per share; EPS weighted ordinary shares are whole share counts. Group comprehensive income, Group and Company financial position, Group equity and Group cash flows are printed. Separate Company income, equity and cash flow primary statements are not printed.
FY2024 Note 32 restates FY2023 and 1 April 2022 opening financial position for concert investments/project costs and related taxes. Original FY2022 full income, cash flow and equity remain labelled before later restatement. Restated 1 April 2022 opening financial position is shown separately; it is not an extra full year or an invented restated FY2022 income/cash flow statement. Group opening equity changes from S$45,251,517 to S$40,942,079; FY2023 closing equity changes from S$47,016,332 to S$42,715,704.
FY2023 restatement changes OCI by S$8,810. It reclassifies S$59,703 between other-current-asset operating cash movement and unrealised currency translation; the two cash-flow adjustments offset. The later FY2023 financing reconciliation also moves S$7,493 between bank principal/interest payments and accrued trade and other payables; closing bank debt S$12,876,965 is unchanged. Original and later presentations are retained without silently equating their individual lines.
FY2026 treasury shares are separate contra-equity. FY2025 owners loss S$23,349,743 and NCI profit S$824,979 sum to Group loss S$22,524,764; FY2026 NCI closing balance is a printed dash. No unsupported acquisition/disposal cause is inferred from the NCI numerical cancellation. Dashes/hyphens and genuinely blank subtotal captions retain the original notation.
Management reports S$7,478,199 investment at amortised cost: S$3,977,986 converted receivables plus S$3,278,000 cash and S$222,213 accrued interest. The converted amount comprises S$3,627,986 partnership receivable plus S$350,000 other receivable. Management recognised no loss allowance and describes a contractual 10% return and revised June/August/November 2026 and February 2027 repayments. These are management’s reported accounting judgements; the auditor could not obtain sufficient appropriate evidence for recognition, measurement or recoverability.
Reported revenue includes FVPL gains/(losses): FY2026 customer-contract revenue S$43,461,147 plus FVPL gain S$178,209 equals S$43,639,356. The S$3,627,986 partnership net revenue is within the auditor disclaimer; the arithmetic bridge does not establish its accounting validity.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Group / As previously reported | 2023Group / Adjustment | 2023Group / As restated | Source |
|---|---|---|---|---|
| Group FY2023financial position adjustment | ||||
| Other current assetsSingapore dollars | 20,750,738 | (10,758,387) | 9,992,351 | PDF p. 126 |
| Financial assets, at FVPLSingapore dollars | – | 4,503,949 | 4,503,949 | PDF p. 126 |
| Trade and other receivablesSingapore dollars | 13,118,577 | 1,137,373 | 14,255,950 | PDF p. 126 |
| Income tax recoverableSingapore dollars | 237,647 | 980,137 | 1,217,784 | PDF p. 126 |
| Income tax payablesSingapore dollars | – | 163,700 | 163,700 | PDF p. 126 |
| Other reserveSingapore dollars | 444,992 | 10,154 | 455,146 | PDF p. 126 |
| Retained profitsSingapore dollars | 26,862,661 | (4,310,782) | 22,551,879 | PDF p. 126 |
| Group FY2023other comprehensive income adjustment | ||||
| Currency translation differences arising from consolidation - lossesSingapore dollars | (54,591) | 8,810 | (45,781) | PDF p. 126 |
| Group FY2023cashflow reclassification | ||||
| Other current assetsSingapore dollars | 4,987,522 | (59,703) | 4,927,819 | PDF p. 126 |
| Unrealised currency translation lossesSingapore dollars | 235,684 | 59,703 | 295,387 | PDF p. 126 |
Original report: PDF p. 126 ↗
FY2026 auditor report dated 30 June 2026: Disclaimer of Opinion. CLA Global TS Public Accounting Corporation could not obtain sufficient appropriate audit evidence for the partnership revenue, the subsequent investment arrangement and recoverability of its financial asset. Possible effects may be material and pervasive. These tables reproduce the annual report’s reported figures; possible adjustments remain undetermined. The auditor also expresses no opinion on whether relevant accounting records were properly kept.
Five official annual originals FY2022–FY2026 (670 pages) are archived. Financial years run 1 April–31 March. Latest available comparative presentation: FY2026 annual supplies 2026/2025; FY2025 annual supplies 2024; FY2024 annual supplies restated 2023; FY2023 annual supplies original FY2022 before the later restatement. Report-year labels follow the March closing year.
Primary monetary statement columns are whole Singapore dollars, not thousands. EPS is Singapore cents per share; EPS weighted ordinary shares are whole share counts. Group comprehensive income, Group and Company financial position, Group equity and Group cash flows are printed. Separate Company income, equity and cash flow primary statements are not printed.
FY2024 Note 32 restates FY2023 and 1 April 2022 opening financial position for concert investments/project costs and related taxes. Original FY2022 full income, cash flow and equity remain labelled before later restatement. Restated 1 April 2022 opening financial position is shown separately; it is not an extra full year or an invented restated FY2022 income/cash flow statement. Group opening equity changes from S$45,251,517 to S$40,942,079; FY2023 closing equity changes from S$47,016,332 to S$42,715,704.
FY2023 restatement changes OCI by S$8,810. It reclassifies S$59,703 between other-current-asset operating cash movement and unrealised currency translation; the two cash-flow adjustments offset. The later FY2023 financing reconciliation also moves S$7,493 between bank principal/interest payments and accrued trade and other payables; closing bank debt S$12,876,965 is unchanged. Original and later presentations are retained without silently equating their individual lines.
FY2026 treasury shares are separate contra-equity. FY2025 owners loss S$23,349,743 and NCI profit S$824,979 sum to Group loss S$22,524,764; FY2026 NCI closing balance is a printed dash. No unsupported acquisition/disposal cause is inferred from the NCI numerical cancellation. Dashes/hyphens and genuinely blank subtotal captions retain the original notation.
Management reports S$7,478,199 investment at amortised cost: S$3,977,986 converted receivables plus S$3,278,000 cash and S$222,213 accrued interest. The converted amount comprises S$3,627,986 partnership receivable plus S$350,000 other receivable. Management recognised no loss allowance and describes a contractual 10% return and revised June/August/November 2026 and February 2027 repayments. These are management’s reported accounting judgements; the auditor could not obtain sufficient appropriate evidence for recognition, measurement or recoverability.
Reported revenue includes FVPL gains/(losses): FY2026 customer-contract revenue S$43,461,147 plus FVPL gain S$178,209 equals S$43,639,356. The S$3,627,986 partnership net revenue is within the auditor disclaimer; the arithmetic bridge does not establish its accounting validity.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2023Company / As previously reported | 2023Company / Adjustment | 2023Company / As restated | Source |
|---|---|---|---|---|
| Current assets | ||||
| Trade and other receivablesSingapore dollars | 25,426,423 | 1,137,373 | 26,563,796 | PDF p. 127 |
| Current liabilities | ||||
| Income tax payablesSingapore dollars | – | 163,700 | 163,700 | PDF p. 127 |
| Equity | ||||
| Retained profitsSingapore dollars | 2,664,911 | 973,673 | 3,638,584 | PDF p. 127 |
Original report: PDF p. 127 ↗
FY2026 auditor report dated 30 June 2026: Disclaimer of Opinion. CLA Global TS Public Accounting Corporation could not obtain sufficient appropriate audit evidence for the partnership revenue, the subsequent investment arrangement and recoverability of its financial asset. Possible effects may be material and pervasive. These tables reproduce the annual report’s reported figures; possible adjustments remain undetermined. The auditor also expresses no opinion on whether relevant accounting records were properly kept.
Five official annual originals FY2022–FY2026 (670 pages) are archived. Financial years run 1 April–31 March. Latest available comparative presentation: FY2026 annual supplies 2026/2025; FY2025 annual supplies 2024; FY2024 annual supplies restated 2023; FY2023 annual supplies original FY2022 before the later restatement. Report-year labels follow the March closing year.
Primary monetary statement columns are whole Singapore dollars, not thousands. EPS is Singapore cents per share; EPS weighted ordinary shares are whole share counts. Group comprehensive income, Group and Company financial position, Group equity and Group cash flows are printed. Separate Company income, equity and cash flow primary statements are not printed.
FY2024 Note 32 restates FY2023 and 1 April 2022 opening financial position for concert investments/project costs and related taxes. Original FY2022 full income, cash flow and equity remain labelled before later restatement. Restated 1 April 2022 opening financial position is shown separately; it is not an extra full year or an invented restated FY2022 income/cash flow statement. Group opening equity changes from S$45,251,517 to S$40,942,079; FY2023 closing equity changes from S$47,016,332 to S$42,715,704.
FY2023 restatement changes OCI by S$8,810. It reclassifies S$59,703 between other-current-asset operating cash movement and unrealised currency translation; the two cash-flow adjustments offset. The later FY2023 financing reconciliation also moves S$7,493 between bank principal/interest payments and accrued trade and other payables; closing bank debt S$12,876,965 is unchanged. Original and later presentations are retained without silently equating their individual lines.
FY2026 treasury shares are separate contra-equity. FY2025 owners loss S$23,349,743 and NCI profit S$824,979 sum to Group loss S$22,524,764; FY2026 NCI closing balance is a printed dash. No unsupported acquisition/disposal cause is inferred from the NCI numerical cancellation. Dashes/hyphens and genuinely blank subtotal captions retain the original notation.
Management reports S$7,478,199 investment at amortised cost: S$3,977,986 converted receivables plus S$3,278,000 cash and S$222,213 accrued interest. The converted amount comprises S$3,627,986 partnership receivable plus S$350,000 other receivable. Management recognised no loss allowance and describes a contractual 10% return and revised June/August/November 2026 and February 2027 repayments. These are management’s reported accounting judgements; the auditor could not obtain sufficient appropriate evidence for recognition, measurement or recoverability.
Reported revenue includes FVPL gains/(losses): FY2026 customer-contract revenue S$43,461,147 plus FVPL gain S$178,209 equals S$43,639,356. The S$3,627,986 partnership net revenue is within the auditor disclaimer; the arithmetic bridge does not establish its accounting validity.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group / original before FY 2024 restatement / year 1 April 2021–31 March 2022 | Source |
|---|---|---|
| Group comprehensive income | ||
| RevenueSingapore dollars | 3,593,176 | PDF p. 62 |
| Cost of salesSingapore dollars | (4,388,913) | PDF p. 62 |
| Gross profit/(loss)Singapore dollars | (795,737) | PDF p. 62 |
| Other income | ||
| - Interest incomeSingapore dollars | 5,455 | PDF p. 62 |
| - OthersSingapore dollars | 436,649 | PDF p. 62 |
| Other losses / gains - net | ||
| - Loss allowance on financial assetsSingapore dollars | (1,172,310) | PDF p. 62 |
| - OthersSingapore dollars | 245,088 | PDF p. 62 |
| Group profit or loss | ||
| - Administrative expensesSingapore dollars | (3,396,904) | PDF p. 62 |
| - Finance expensesSingapore dollars | (532,435) | PDF p. 62 |
| Share of (loss)/profit of associated companiesSingapore dollars | 732,205 | PDF p. 62 |
| Profit/(loss) before income taxSingapore dollars | (4,477,989) | PDF p. 62 |
| Income tax creditSingapore dollars | 94,891 | PDF p. 62 |
| Net profit/(loss) for the financial yearSingapore dollars | (4,383,098) | PDF p. 62 |
| Items that may be reclassified subsequently to profit or loss: | ||
| Currency translation differences arising from consolidation – lossesSingapore dollars | (451) | PDF p. 62 |
| Total comprehensive income/(loss)Singapore dollars | (4,383,549) | PDF p. 62 |
| Net profit / loss attributable to | ||
| Equity holders of the CompanySingapore dollars | (4,322,228) | PDF p. 62 |
| Non-controlling interestSingapore dollars | (60,870) | PDF p. 62 |
| SubtotalSingapore dollars | (4,383,098) | PDF p. 62 |
| Total comprehensive income / loss attributable to | ||
| Equity holders of the CompanySingapore dollars | (4,322,679) | PDF p. 62 |
| Non-controlling interestSingapore dollars | (60,870) | PDF p. 62 |
| SubtotalSingapore dollars | (4,383,549) | PDF p. 62 |
| Basic and diluted earnings / loss per share attributable to equity holders of the Company | ||
| Basic and dilutedSingapore cents per share | (0.42) | PDF p. 62 |
Original report: PDF p. 62 ↗
FY2026 auditor report dated 30 June 2026: Disclaimer of Opinion. CLA Global TS Public Accounting Corporation could not obtain sufficient appropriate audit evidence for the partnership revenue, the subsequent investment arrangement and recoverability of its financial asset. Possible effects may be material and pervasive. These tables reproduce the annual report’s reported figures; possible adjustments remain undetermined. The auditor also expresses no opinion on whether relevant accounting records were properly kept.
Five official annual originals FY2022–FY2026 (670 pages) are archived. Financial years run 1 April–31 March. Latest available comparative presentation: FY2026 annual supplies 2026/2025; FY2025 annual supplies 2024; FY2024 annual supplies restated 2023; FY2023 annual supplies original FY2022 before the later restatement. Report-year labels follow the March closing year.
Primary monetary statement columns are whole Singapore dollars, not thousands. EPS is Singapore cents per share; EPS weighted ordinary shares are whole share counts. Group comprehensive income, Group and Company financial position, Group equity and Group cash flows are printed. Separate Company income, equity and cash flow primary statements are not printed.
FY2024 Note 32 restates FY2023 and 1 April 2022 opening financial position for concert investments/project costs and related taxes. Original FY2022 full income, cash flow and equity remain labelled before later restatement. Restated 1 April 2022 opening financial position is shown separately; it is not an extra full year or an invented restated FY2022 income/cash flow statement. Group opening equity changes from S$45,251,517 to S$40,942,079; FY2023 closing equity changes from S$47,016,332 to S$42,715,704.
FY2023 restatement changes OCI by S$8,810. It reclassifies S$59,703 between other-current-asset operating cash movement and unrealised currency translation; the two cash-flow adjustments offset. The later FY2023 financing reconciliation also moves S$7,493 between bank principal/interest payments and accrued trade and other payables; closing bank debt S$12,876,965 is unchanged. Original and later presentations are retained without silently equating their individual lines.
FY2026 treasury shares are separate contra-equity. FY2025 owners loss S$23,349,743 and NCI profit S$824,979 sum to Group loss S$22,524,764; FY2026 NCI closing balance is a printed dash. No unsupported acquisition/disposal cause is inferred from the NCI numerical cancellation. Dashes/hyphens and genuinely blank subtotal captions retain the original notation.
Management reports S$7,478,199 investment at amortised cost: S$3,977,986 converted receivables plus S$3,278,000 cash and S$222,213 accrued interest. The converted amount comprises S$3,627,986 partnership receivable plus S$350,000 other receivable. Management recognised no loss allowance and describes a contractual 10% return and revised June/August/November 2026 and February 2027 repayments. These are management’s reported accounting judgements; the auditor could not obtain sufficient appropriate evidence for recognition, measurement or recoverability.
Reported revenue includes FVPL gains/(losses): FY2026 customer-contract revenue S$43,461,147 plus FVPL gain S$178,209 equals S$43,639,356. The S$3,627,986 partnership net revenue is within the auditor disclaimer; the arithmetic bridge does not establish its accounting validity.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group / original before FY 2024 restatement / year 1 April 2021–31 March 2022 | Source |
|---|---|---|
| Current assets | ||
| Cash and cash equivalentsSingapore dollars | 2,374,006 | PDF p. 63 |
| Trade and other receivablesSingapore dollars | 11,883,406 | PDF p. 63 |
| Other current assetsSingapore dollars | 25,738,260 | PDF p. 63 |
| Income tax recoverableSingapore dollars | 204,147 | PDF p. 63 |
| SubtotalSingapore dollars | 40,199,819 | PDF p. 63 |
| Non-current assets | ||
| Property, plant and equipmentSingapore dollars | 13,163,684 | PDF p. 63 |
| Other receivablesSingapore dollars | 16,462,082 | PDF p. 63 |
| Investments in associated companiesSingapore dollars | 838,866 | PDF p. 63 |
| Intangible assetsSingapore dollars | 1,530,000 | PDF p. 63 |
| SubtotalSingapore dollars | 31,994,632 | PDF p. 63 |
| Total assetsSingapore dollars | 72,194,451 | PDF p. 63 |
| Current liabilities | ||
| Trade and other payablesSingapore dollars | 8,527,639 | PDF p. 63 |
| BorrowingsSingapore dollars | 8,292,929 | PDF p. 63 |
| Derivative financial instrumentsSingapore dollars | 6,144 | PDF p. 63 |
| SubtotalSingapore dollars | 16,826,712 | PDF p. 63 |
| Non-current liabilities | ||
| BorrowingsSingapore dollars | 9,297,933 | PDF p. 63 |
| Deferred income tax liabilitiesSingapore dollars | 818,289 | PDF p. 63 |
| SubtotalSingapore dollars | 10,116,222 | PDF p. 63 |
| Total liabilitiesSingapore dollars | 26,942,934 | PDF p. 63 |
| NET ASSETSSingapore dollars | 45,251,517 | PDF p. 63 |
| Capital and reserves attributable to equity holders of the Company | ||
| Share capitalSingapore dollars | 20,542,223 | PDF p. 63 |
| Other reservesSingapore dollars | 499,583 | PDF p. 63 |
| Retained profitsSingapore dollars | 25,040,839 | PDF p. 63 |
| SubtotalSingapore dollars | 46,082,645 | PDF p. 63 |
| Non-controlling interestSingapore dollars | (831,128) | PDF p. 63 |
| Total equitySingapore dollars | 45,251,517 | PDF p. 63 |
Original report: PDF p. 63 ↗
FY2026 auditor report dated 30 June 2026: Disclaimer of Opinion. CLA Global TS Public Accounting Corporation could not obtain sufficient appropriate audit evidence for the partnership revenue, the subsequent investment arrangement and recoverability of its financial asset. Possible effects may be material and pervasive. These tables reproduce the annual report’s reported figures; possible adjustments remain undetermined. The auditor also expresses no opinion on whether relevant accounting records were properly kept.
Five official annual originals FY2022–FY2026 (670 pages) are archived. Financial years run 1 April–31 March. Latest available comparative presentation: FY2026 annual supplies 2026/2025; FY2025 annual supplies 2024; FY2024 annual supplies restated 2023; FY2023 annual supplies original FY2022 before the later restatement. Report-year labels follow the March closing year.
Primary monetary statement columns are whole Singapore dollars, not thousands. EPS is Singapore cents per share; EPS weighted ordinary shares are whole share counts. Group comprehensive income, Group and Company financial position, Group equity and Group cash flows are printed. Separate Company income, equity and cash flow primary statements are not printed.
FY2024 Note 32 restates FY2023 and 1 April 2022 opening financial position for concert investments/project costs and related taxes. Original FY2022 full income, cash flow and equity remain labelled before later restatement. Restated 1 April 2022 opening financial position is shown separately; it is not an extra full year or an invented restated FY2022 income/cash flow statement. Group opening equity changes from S$45,251,517 to S$40,942,079; FY2023 closing equity changes from S$47,016,332 to S$42,715,704.
FY2023 restatement changes OCI by S$8,810. It reclassifies S$59,703 between other-current-asset operating cash movement and unrealised currency translation; the two cash-flow adjustments offset. The later FY2023 financing reconciliation also moves S$7,493 between bank principal/interest payments and accrued trade and other payables; closing bank debt S$12,876,965 is unchanged. Original and later presentations are retained without silently equating their individual lines.
FY2026 treasury shares are separate contra-equity. FY2025 owners loss S$23,349,743 and NCI profit S$824,979 sum to Group loss S$22,524,764; FY2026 NCI closing balance is a printed dash. No unsupported acquisition/disposal cause is inferred from the NCI numerical cancellation. Dashes/hyphens and genuinely blank subtotal captions retain the original notation.
Management reports S$7,478,199 investment at amortised cost: S$3,977,986 converted receivables plus S$3,278,000 cash and S$222,213 accrued interest. The converted amount comprises S$3,627,986 partnership receivable plus S$350,000 other receivable. Management recognised no loss allowance and describes a contractual 10% return and revised June/August/November 2026 and February 2027 repayments. These are management’s reported accounting judgements; the auditor could not obtain sufficient appropriate evidence for recognition, measurement or recoverability.
Reported revenue includes FVPL gains/(losses): FY2026 customer-contract revenue S$43,461,147 plus FVPL gain S$178,209 equals S$43,639,356. The S$3,627,986 partnership net revenue is within the auditor disclaimer; the arithmetic bridge does not establish its accounting validity.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Company / original before FY 2024 restatement / year 1 April 2021–31 March 2022 | Source |
|---|---|---|
| Current assets | ||
| Cash and cash equivalentsSingapore dollars | 133,609 | PDF p. 64 |
| Trade and other receivablesSingapore dollars | 26,548,021 | PDF p. 64 |
| SubtotalSingapore dollars | 26,681,630 | PDF p. 64 |
| Non-current assets | ||
| Property, plant and equipmentSingapore dollars | 4,178 | PDF p. 64 |
| Investments in subsidiary corporationsSingapore dollars | 242,296 | PDF p. 64 |
| Investments in associated companiesSingapore dollars | 778,866 | PDF p. 64 |
| SubtotalSingapore dollars | 1,025,340 | PDF p. 64 |
| Total assetsSingapore dollars | 27,706,970 | PDF p. 64 |
| Current liabilities | ||
| Trade and other payablesSingapore dollars | 1,048,658 | PDF p. 64 |
| BorrowingsSingapore dollars | 3,577,280 | PDF p. 64 |
| SubtotalSingapore dollars | 4,625,938 | PDF p. 64 |
| Non-current liabilities | ||
| Deferred income tax liabilitiesSingapore dollars | 1,350 | PDF p. 64 |
| SubtotalSingapore dollars | 1,350 | PDF p. 64 |
| Total liabilitiesSingapore dollars | 4,627,288 | PDF p. 64 |
| NET ASSETSSingapore dollars | 23,079,682 | PDF p. 64 |
| Capital and reserves attributable to equity holders of the Company | ||
| Share capitalSingapore dollars | 20,542,223 | PDF p. 64 |
| Retained profitsSingapore dollars | 2,537,459 | PDF p. 64 |
| Total equitySingapore dollars | 23,079,682 | PDF p. 64 |
Original report: PDF p. 64 ↗
FY2026 auditor report dated 30 June 2026: Disclaimer of Opinion. CLA Global TS Public Accounting Corporation could not obtain sufficient appropriate audit evidence for the partnership revenue, the subsequent investment arrangement and recoverability of its financial asset. Possible effects may be material and pervasive. These tables reproduce the annual report’s reported figures; possible adjustments remain undetermined. The auditor also expresses no opinion on whether relevant accounting records were properly kept.
Five official annual originals FY2022–FY2026 (670 pages) are archived. Financial years run 1 April–31 March. Latest available comparative presentation: FY2026 annual supplies 2026/2025; FY2025 annual supplies 2024; FY2024 annual supplies restated 2023; FY2023 annual supplies original FY2022 before the later restatement. Report-year labels follow the March closing year.
Primary monetary statement columns are whole Singapore dollars, not thousands. EPS is Singapore cents per share; EPS weighted ordinary shares are whole share counts. Group comprehensive income, Group and Company financial position, Group equity and Group cash flows are printed. Separate Company income, equity and cash flow primary statements are not printed.
FY2024 Note 32 restates FY2023 and 1 April 2022 opening financial position for concert investments/project costs and related taxes. Original FY2022 full income, cash flow and equity remain labelled before later restatement. Restated 1 April 2022 opening financial position is shown separately; it is not an extra full year or an invented restated FY2022 income/cash flow statement. Group opening equity changes from S$45,251,517 to S$40,942,079; FY2023 closing equity changes from S$47,016,332 to S$42,715,704.
FY2023 restatement changes OCI by S$8,810. It reclassifies S$59,703 between other-current-asset operating cash movement and unrealised currency translation; the two cash-flow adjustments offset. The later FY2023 financing reconciliation also moves S$7,493 between bank principal/interest payments and accrued trade and other payables; closing bank debt S$12,876,965 is unchanged. Original and later presentations are retained without silently equating their individual lines.
FY2026 treasury shares are separate contra-equity. FY2025 owners loss S$23,349,743 and NCI profit S$824,979 sum to Group loss S$22,524,764; FY2026 NCI closing balance is a printed dash. No unsupported acquisition/disposal cause is inferred from the NCI numerical cancellation. Dashes/hyphens and genuinely blank subtotal captions retain the original notation.
Management reports S$7,478,199 investment at amortised cost: S$3,977,986 converted receivables plus S$3,278,000 cash and S$222,213 accrued interest. The converted amount comprises S$3,627,986 partnership receivable plus S$350,000 other receivable. Management recognised no loss allowance and describes a contractual 10% return and revised June/August/November 2026 and February 2027 repayments. These are management’s reported accounting judgements; the auditor could not obtain sufficient appropriate evidence for recognition, measurement or recoverability.
Reported revenue includes FVPL gains/(losses): FY2026 customer-contract revenue S$43,461,147 plus FVPL gain S$178,209 equals S$43,639,356. The S$3,627,986 partnership net revenue is within the auditor disclaimer; the arithmetic bridge does not establish its accounting validity.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group / Share capital / original before later restatement | 2022Group / Accumulated losses / retained profits / original before later restatement | 2022Group / Other reserves / original before later restatement | 2022Group / Total attributable to equity holders of the Company / original before later restatement | 2022Group / Non-controlling interest / original before later restatement | 2022Group / Total equity / original before later restatement | Source |
|---|---|---|---|---|---|---|---|
| Group changes in equity / original before later restatement | |||||||
| Beginning of financial yearSingapore dollars | 20,542,223 | 29,363,067 | 500,034 | 50,405,324 | (770,258) | 49,635,066 | PDF p. 65 |
| Net loss for the yearSingapore dollars | – | (4,322,228) | – | (4,322,228) | (60,870) | (4,383,098) | PDF p. 65 |
| Other comprehensive income / loss for the financial yearSingapore dollars | – | – | (451) | (451) | – | (451) | PDF p. 65 |
| Total comprehensive loss for the financial yearSingapore dollars | – | (4,322,228) | (451) | (4,322,679) | (60,870) | (4,383,549) | PDF p. 65 |
| End of financial yearSingapore dollars | 20,542,223 | 25,040,839 | 499,583 | 46,082,645 | (831,128) | 45,251,517 | PDF p. 65 |
Original report: PDF p. 65 ↗
FY2026 auditor report dated 30 June 2026: Disclaimer of Opinion. CLA Global TS Public Accounting Corporation could not obtain sufficient appropriate audit evidence for the partnership revenue, the subsequent investment arrangement and recoverability of its financial asset. Possible effects may be material and pervasive. These tables reproduce the annual report’s reported figures; possible adjustments remain undetermined. The auditor also expresses no opinion on whether relevant accounting records were properly kept.
Five official annual originals FY2022–FY2026 (670 pages) are archived. Financial years run 1 April–31 March. Latest available comparative presentation: FY2026 annual supplies 2026/2025; FY2025 annual supplies 2024; FY2024 annual supplies restated 2023; FY2023 annual supplies original FY2022 before the later restatement. Report-year labels follow the March closing year.
Primary monetary statement columns are whole Singapore dollars, not thousands. EPS is Singapore cents per share; EPS weighted ordinary shares are whole share counts. Group comprehensive income, Group and Company financial position, Group equity and Group cash flows are printed. Separate Company income, equity and cash flow primary statements are not printed.
FY2024 Note 32 restates FY2023 and 1 April 2022 opening financial position for concert investments/project costs and related taxes. Original FY2022 full income, cash flow and equity remain labelled before later restatement. Restated 1 April 2022 opening financial position is shown separately; it is not an extra full year or an invented restated FY2022 income/cash flow statement. Group opening equity changes from S$45,251,517 to S$40,942,079; FY2023 closing equity changes from S$47,016,332 to S$42,715,704.
FY2023 restatement changes OCI by S$8,810. It reclassifies S$59,703 between other-current-asset operating cash movement and unrealised currency translation; the two cash-flow adjustments offset. The later FY2023 financing reconciliation also moves S$7,493 between bank principal/interest payments and accrued trade and other payables; closing bank debt S$12,876,965 is unchanged. Original and later presentations are retained without silently equating their individual lines.
FY2026 treasury shares are separate contra-equity. FY2025 owners loss S$23,349,743 and NCI profit S$824,979 sum to Group loss S$22,524,764; FY2026 NCI closing balance is a printed dash. No unsupported acquisition/disposal cause is inferred from the NCI numerical cancellation. Dashes/hyphens and genuinely blank subtotal captions retain the original notation.
Management reports S$7,478,199 investment at amortised cost: S$3,977,986 converted receivables plus S$3,278,000 cash and S$222,213 accrued interest. The converted amount comprises S$3,627,986 partnership receivable plus S$350,000 other receivable. Management recognised no loss allowance and describes a contractual 10% return and revised June/August/November 2026 and February 2027 repayments. These are management’s reported accounting judgements; the auditor could not obtain sufficient appropriate evidence for recognition, measurement or recoverability.
Reported revenue includes FVPL gains/(losses): FY2026 customer-contract revenue S$43,461,147 plus FVPL gain S$178,209 equals S$43,639,356. The S$3,627,986 partnership net revenue is within the auditor disclaimer; the arithmetic bridge does not establish its accounting validity.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group / original before FY 2024 restatement / year 1 April 2021–31 March 2022 | Source |
|---|---|---|
| Cash flows from operating activities | ||
| Net profit/(loss)Singapore dollars | (4,383,098) | PDF p. 66 |
| Adjustments for: | ||
| - Amortisation of intangible assetsSingapore dollars | 270,000 | PDF p. 66 |
| - Depreciation of property, plant and equipmentSingapore dollars | 1,336,716 | PDF p. 66 |
| - Gain on disposal of property, plant and equipmentSingapore dollars | (225) | PDF p. 66 |
| - Fair value gain on derivative financial instrumentsSingapore dollars | (145,690) | PDF p. 66 |
| - Interest incomeSingapore dollars | (5,455) | PDF p. 66 |
| - Interest expenseSingapore dollars | 532,435 | PDF p. 66 |
| - Income tax creditSingapore dollars | (94,891) | PDF p. 66 |
| - Loss allowance on financial assetsSingapore dollars | 1,172,310 | PDF p. 66 |
| - Share of loss/(profit) of associated companiesSingapore dollars | (732,205) | PDF p. 66 |
| - Unrealised currency translation lossesSingapore dollars | 46,920 | PDF p. 66 |
| Operating cash flow before working capital changesSingapore dollars | (2,003,183) | PDF p. 66 |
| Change in working capital: | ||
| - Trade and other receivablesSingapore dollars | 444,889 | PDF p. 66 |
| - Trade and other payablesSingapore dollars | 1,950,680 | PDF p. 66 |
| - Other current assetsSingapore dollars | 13,514 | PDF p. 66 |
| Cash generated from operationsSingapore dollars | 405,900 | PDF p. 66 |
| Interest receivedSingapore dollars | 5,455 | PDF p. 66 |
| Income tax paidSingapore dollars | (368,042) | PDF p. 66 |
| Income tax refundSingapore dollars | 124,043 | PDF p. 66 |
| Net cash generated from operating activitiesSingapore dollars | 167,356 | PDF p. 66 |
| Cash flows from investing activities | ||
| Purchase of property, plant and equipmentSingapore dollars | (2,780) | PDF p. 66 |
| Proceeds from disposal of property, plant and equipmentSingapore dollars | 150,788 | PDF p. 66 |
| Net cash (used in)/generated from investing activitiesSingapore dollars | 148,008 | PDF p. 66 |
| Cash flows from financing activities | ||
| Proceeds from bank borrowingsSingapore dollars | 2,000,000 | PDF p. 66 |
| Repayment of bank borrowingsSingapore dollars | (2,785,000) | PDF p. 66 |
| Repayment of lease liabilitiesSingapore dollars | (43,011) | PDF p. 66 |
| Interest paidSingapore dollars | (450,215) | PDF p. 66 |
| Net cash used in financing activitiesSingapore dollars | (1,278,226) | PDF p. 66 |
| Net changes in cash and cash equivalentsSingapore dollars | (962,862) | PDF p. 66 |
| Cash and cash equivalents | ||
| Beginning of financial yearSingapore dollars | 3,324,854 | PDF p. 66 |
| Effect on currency translation on cash and cash equivalentsSingapore dollars | 12,014 | PDF p. 66 |
| End of financial yearSingapore dollars | 2,374,006 | PDF p. 66 |
Original report: PDF p. 66 ↗
FY2026 auditor report dated 30 June 2026: Disclaimer of Opinion. CLA Global TS Public Accounting Corporation could not obtain sufficient appropriate audit evidence for the partnership revenue, the subsequent investment arrangement and recoverability of its financial asset. Possible effects may be material and pervasive. These tables reproduce the annual report’s reported figures; possible adjustments remain undetermined. The auditor also expresses no opinion on whether relevant accounting records were properly kept.
Five official annual originals FY2022–FY2026 (670 pages) are archived. Financial years run 1 April–31 March. Latest available comparative presentation: FY2026 annual supplies 2026/2025; FY2025 annual supplies 2024; FY2024 annual supplies restated 2023; FY2023 annual supplies original FY2022 before the later restatement. Report-year labels follow the March closing year.
Primary monetary statement columns are whole Singapore dollars, not thousands. EPS is Singapore cents per share; EPS weighted ordinary shares are whole share counts. Group comprehensive income, Group and Company financial position, Group equity and Group cash flows are printed. Separate Company income, equity and cash flow primary statements are not printed.
FY2024 Note 32 restates FY2023 and 1 April 2022 opening financial position for concert investments/project costs and related taxes. Original FY2022 full income, cash flow and equity remain labelled before later restatement. Restated 1 April 2022 opening financial position is shown separately; it is not an extra full year or an invented restated FY2022 income/cash flow statement. Group opening equity changes from S$45,251,517 to S$40,942,079; FY2023 closing equity changes from S$47,016,332 to S$42,715,704.
FY2023 restatement changes OCI by S$8,810. It reclassifies S$59,703 between other-current-asset operating cash movement and unrealised currency translation; the two cash-flow adjustments offset. The later FY2023 financing reconciliation also moves S$7,493 between bank principal/interest payments and accrued trade and other payables; closing bank debt S$12,876,965 is unchanged. Original and later presentations are retained without silently equating their individual lines.
FY2026 treasury shares are separate contra-equity. FY2025 owners loss S$23,349,743 and NCI profit S$824,979 sum to Group loss S$22,524,764; FY2026 NCI closing balance is a printed dash. No unsupported acquisition/disposal cause is inferred from the NCI numerical cancellation. Dashes/hyphens and genuinely blank subtotal captions retain the original notation.
Management reports S$7,478,199 investment at amortised cost: S$3,977,986 converted receivables plus S$3,278,000 cash and S$222,213 accrued interest. The converted amount comprises S$3,627,986 partnership receivable plus S$350,000 other receivable. Management recognised no loss allowance and describes a contractual 10% return and revised June/August/November 2026 and February 2027 repayments. These are management’s reported accounting judgements; the auditor could not obtain sufficient appropriate evidence for recognition, measurement or recoverability.
Reported revenue includes FVPL gains/(losses): FY2026 customer-contract revenue S$43,461,147 plus FVPL gain S$178,209 equals S$43,639,356. The S$3,627,986 partnership net revenue is within the auditor disclaimer; the arithmetic bridge does not establish its accounting validity.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group / year ended 31 March 2022 | Source |
|---|---|---|
| EPS reported original numerator, weighted ordinary shares and cents | ||
| Net profit/(loss) attributable to equity holders of the Company ($)Singapore dollars | (4,322,228) | PDF p. 86 |
| Weighted average number of ordinary shares outstanding for basic and diluted earnings per shareShares | 1,029,179,292 | PDF p. 86 |
| Basic and diluted per share (cents per share)Singapore cents per share | (0.42) | PDF p. 86 |
Original report: PDF p. 86 ↗
FY2026 auditor report dated 30 June 2026: Disclaimer of Opinion. CLA Global TS Public Accounting Corporation could not obtain sufficient appropriate audit evidence for the partnership revenue, the subsequent investment arrangement and recoverability of its financial asset. Possible effects may be material and pervasive. These tables reproduce the annual report’s reported figures; possible adjustments remain undetermined. The auditor also expresses no opinion on whether relevant accounting records were properly kept.
Five official annual originals FY2022–FY2026 (670 pages) are archived. Financial years run 1 April–31 March. Latest available comparative presentation: FY2026 annual supplies 2026/2025; FY2025 annual supplies 2024; FY2024 annual supplies restated 2023; FY2023 annual supplies original FY2022 before the later restatement. Report-year labels follow the March closing year.
Primary monetary statement columns are whole Singapore dollars, not thousands. EPS is Singapore cents per share; EPS weighted ordinary shares are whole share counts. Group comprehensive income, Group and Company financial position, Group equity and Group cash flows are printed. Separate Company income, equity and cash flow primary statements are not printed.
FY2024 Note 32 restates FY2023 and 1 April 2022 opening financial position for concert investments/project costs and related taxes. Original FY2022 full income, cash flow and equity remain labelled before later restatement. Restated 1 April 2022 opening financial position is shown separately; it is not an extra full year or an invented restated FY2022 income/cash flow statement. Group opening equity changes from S$45,251,517 to S$40,942,079; FY2023 closing equity changes from S$47,016,332 to S$42,715,704.
FY2023 restatement changes OCI by S$8,810. It reclassifies S$59,703 between other-current-asset operating cash movement and unrealised currency translation; the two cash-flow adjustments offset. The later FY2023 financing reconciliation also moves S$7,493 between bank principal/interest payments and accrued trade and other payables; closing bank debt S$12,876,965 is unchanged. Original and later presentations are retained without silently equating their individual lines.
FY2026 treasury shares are separate contra-equity. FY2025 owners loss S$23,349,743 and NCI profit S$824,979 sum to Group loss S$22,524,764; FY2026 NCI closing balance is a printed dash. No unsupported acquisition/disposal cause is inferred from the NCI numerical cancellation. Dashes/hyphens and genuinely blank subtotal captions retain the original notation.
Management reports S$7,478,199 investment at amortised cost: S$3,977,986 converted receivables plus S$3,278,000 cash and S$222,213 accrued interest. The converted amount comprises S$3,627,986 partnership receivable plus S$350,000 other receivable. Management recognised no loss allowance and describes a contractual 10% return and revised June/August/November 2026 and February 2027 repayments. These are management’s reported accounting judgements; the auditor could not obtain sufficient appropriate evidence for recognition, measurement or recoverability.
Reported revenue includes FVPL gains/(losses): FY2026 customer-contract revenue S$43,461,147 plus FVPL gain S$178,209 equals S$43,639,356. The S$3,627,986 partnership net revenue is within the auditor disclaimer; the arithmetic bridge does not establish its accounting validity.
Units appear below each metric. Scroll to compare years
| Metric / unit | 2022Group / Opening 1 April 2021 | 2022Group / Proceeds from borrowings | 2022Group / Principal and interest payments | 2022Group / Additions during the year | 2022Group / Interest expense | 2022Group / Accrued in trade and other payables | 2022Group / Currency translation differences | 2022Group / Closing 31 March 2022 | Source |
|---|---|---|---|---|---|---|---|---|---|
| Financing liability movements | |||||||||
| Bank borrowingsSingapore dollars | 18,233,030 | 2,000,000 | (3,231,556) | – | 528,776 | (82,220) | 55,250 | 17,503,280 | PDF p. 67 |
| Lease liabilitiesSingapore dollars | 108,295 | – | (46,670) | 22,514 | 3,659 | – | (216) | 87,582 | PDF p. 67 |
Original report: PDF p. 67 ↗
FY2026 auditor report dated 30 June 2026: Disclaimer of Opinion. CLA Global TS Public Accounting Corporation could not obtain sufficient appropriate audit evidence for the partnership revenue, the subsequent investment arrangement and recoverability of its financial asset. Possible effects may be material and pervasive. These tables reproduce the annual report’s reported figures; possible adjustments remain undetermined. The auditor also expresses no opinion on whether relevant accounting records were properly kept.
Five official annual originals FY2022–FY2026 (670 pages) are archived. Financial years run 1 April–31 March. Latest available comparative presentation: FY2026 annual supplies 2026/2025; FY2025 annual supplies 2024; FY2024 annual supplies restated 2023; FY2023 annual supplies original FY2022 before the later restatement. Report-year labels follow the March closing year.
Primary monetary statement columns are whole Singapore dollars, not thousands. EPS is Singapore cents per share; EPS weighted ordinary shares are whole share counts. Group comprehensive income, Group and Company financial position, Group equity and Group cash flows are printed. Separate Company income, equity and cash flow primary statements are not printed.
FY2024 Note 32 restates FY2023 and 1 April 2022 opening financial position for concert investments/project costs and related taxes. Original FY2022 full income, cash flow and equity remain labelled before later restatement. Restated 1 April 2022 opening financial position is shown separately; it is not an extra full year or an invented restated FY2022 income/cash flow statement. Group opening equity changes from S$45,251,517 to S$40,942,079; FY2023 closing equity changes from S$47,016,332 to S$42,715,704.
FY2023 restatement changes OCI by S$8,810. It reclassifies S$59,703 between other-current-asset operating cash movement and unrealised currency translation; the two cash-flow adjustments offset. The later FY2023 financing reconciliation also moves S$7,493 between bank principal/interest payments and accrued trade and other payables; closing bank debt S$12,876,965 is unchanged. Original and later presentations are retained without silently equating their individual lines.
FY2026 treasury shares are separate contra-equity. FY2025 owners loss S$23,349,743 and NCI profit S$824,979 sum to Group loss S$22,524,764; FY2026 NCI closing balance is a printed dash. No unsupported acquisition/disposal cause is inferred from the NCI numerical cancellation. Dashes/hyphens and genuinely blank subtotal captions retain the original notation.
Management reports S$7,478,199 investment at amortised cost: S$3,977,986 converted receivables plus S$3,278,000 cash and S$222,213 accrued interest. The converted amount comprises S$3,627,986 partnership receivable plus S$350,000 other receivable. Management recognised no loss allowance and describes a contractual 10% return and revised June/August/November 2026 and February 2027 repayments. These are management’s reported accounting judgements; the auditor could not obtain sufficient appropriate evidence for recognition, measurement or recoverability.
Reported revenue includes FVPL gains/(losses): FY2026 customer-contract revenue S$43,461,147 plus FVPL gain S$178,209 equals S$43,639,356. The S$3,627,986 partnership net revenue is within the auditor disclaimer; the arithmetic bridge does not establish its accounting validity.
Where the money comes from
| Item / unit | 2026Production | 2026Promotion | 2026Others | 2026Total | Source |
|---|---|---|---|---|---|
| Revenue | |||||
| Sales to external parties$ | 5,494,255 | 37,113,754 | 853,138 | 43,461,147 | PDF p. 122 |
| Gain on financial assets, at FVPL$ | – | 178,209 | – | 178,209 | PDF p. 122 |
| Total revenue$ | 5,494,255 | 37,291,963 | 853,138 | 43,639,356 | PDF p. 122 |
| Adjusted (loss)/profit before interest, tax, depreciation, amortisation and impairment | |||||
| losses (“(LBITDA)”/“EBITDA”)$ | (943,814) | 380,258 | 463,137 | (100,419) | PDF p. 122 |
| Results | |||||
| Amortisation of intangible assets$ | – | (963,792) | – | (963,792) | PDF p. 122 |
| Depreciation of PPE$ | (2,354,266) | (11,366) | – | (2,365,632) | PDF p. 122 |
| Finance expenses$ | (18,399) | (49,036) | – | (67,435) | PDF p. 122 |
| Impairment loss on PPE$ | (555,596) | – | – | (555,596) | PDF p. 122 |
| Impairment loss on intangible assets$ | – | (4,856,541) | – | (4,856,541) | PDF p. 122 |
| Loss allowance on financial assets$ | – | (814,483) | – | (814,483) | PDF p. 122 |
| Reversal of loss allowance on financial assets$ | 25,010 | 14,390 | – | 39,400 | PDF p. 122 |
| (Loss)/profit before income tax$ | (3,847,065) | (6,300,570) | 463,137 | (9,684,498) | PDF p. 122 |
For the financial year from 1 April 2025 to 31 March 2026. Amounts in $. Footnote printed: (1) Included share of (loss)/profit from associated companies.
Total assets and total liabilities by segment not presented as CODM considers it not meaningful and impracticable.
| Item / unit | 2025Production | 2025Promotion | 2025Others | 2025Total | Source |
|---|---|---|---|---|---|
| Revenue | |||||
| Sales to external parties$ | 5,377,000 | 47,869,927 | 1,380,103 | 54,627,030 | PDF p. 122 |
| Sales to related parties$ | 35,000 | 702,628 | – | 737,628 | PDF p. 122 |
| Loss on financial assets, at FVPL$ | – | (2,146,065) | – | (2,146,065) | PDF p. 122 |
| Total revenue$ | 5,412,000 | 46,426,490 | 1,380,103 | 53,218,593 | PDF p. 122 |
| Adjusted (loss)/earnings before interest, tax, depreciation, amortisation and impairment | |||||
| losses (“(LBITDA)”/“EBITDA”)$ | (367,637) | (6,028,182) | 789,452 | (5,606,367) | PDF p. 122 |
| Results | |||||
| Amortisation of intangible assets$ | – | (1,696,136) | – | (1,696,136) | PDF p. 122 |
| Depreciation of PPE$ | (2,705,967) | (11,564) | – | (2,717,531) | PDF p. 122 |
| Finance expenses$ | (19,337) | (128,922) | – | (148,259) | PDF p. 122 |
| Impairment loss on PPE$ | – | (5,173,587) | – | (5,173,587) | PDF p. 122 |
| Impairment loss on intangible assets$ | – | (5,454,155) | - | (5,454,155) | PDF p. 122 |
| Loss allowance on financial assets$ | (530,017) | (1,814,795) | - | (2,344,812) | PDF p. 122 |
| (Loss)/profit before income tax$ | (3,622,958) | (20,307,341) | 789,452 | (23,140,847) | PDF p. 122 |
For the financial year from 1 April 2024 to 31 March 2025. Amounts in $. Footnote printed: (1) Included share of (loss)/profit from associated companies.
| Item / unit | 2026Group | 2025Group | Source |
|---|---|---|---|
| At a point in time | |||
| Production$ | 5,494,255 | 5,412,000 | PDF p. 83 |
| Promotion$ | 37,113,754 | 48,572,555 | PDF p. 83 |
| Others$ | 853,138 | 1,380,103 | PDF p. 83 |
| Gain/(loss) on financial assets, at FVPL (Note 15)$ | 178,209 | (2,146,065) | PDF p. 83 |
| Geographical regions based on location of customers | |||
| Singapore$ | 17,645,943 | 45,430,230 | PDF p. 83 |
| Malaysia$ | 12,960,349 | 4,564,748 | PDF p. 83 |
| Australia$ | 7,336,544 | 1,003,019 | PDF p. 83 |
| Others$ | 5,696,520 | 2,220,596 | PDF p. 83 |
Geographical information in Note 32 refers to Note 4. Revenue from contracts with customers recognised at a point in time. Amounts in $.
Debt
| Item / unit | 2026Group, 31 March 2026 | 2025Group, 31 March 2025 | 2026Company, 31 March 2026 | Source |
|---|---|---|---|---|
| Group 31 March 2026 (Less than 1 year | Between 1 and 2 years | Between 2 and 5 years) | ||||
| Bank borrowings$ | 4,000,000 | – | – | PDF p. 117 |
| Lease liabilities$ | 119,504 | 43,560 | 182,229 | PDF p. 117 |
| Group 31 March 2025 (Less than 1 year | Between 1 and 2 years | Between 2 and 5 years) | ||||
| Bank borrowings$ | 1,375,000 | – | – | PDF p. 117 |
| Lease liabilities$ | 351,470 | 93,725 | 7,360 | PDF p. 117 |
| Company 31 March 2026 (Less than 1 year | Between 1 and 2 years | Between 2 and 5 years) | ||||
| Bank borrowings$ | 3,000,000 | – | – | PDF p. 117 |
Contractual undiscounted cash flows; balances due within 12 months equal carrying amounts. Company had no bank borrowings or lease liabilities row for 31 March 2025. No bucket after 5 years is printed.
| Item / unit | 2026$ | 2025$ | Source |
|---|---|---|---|
| Current | |||
| Bank borrowings$ | 4,000,000 | 1,375,000 | PDF p. 104 |
| Lease liabilities$ | 119,504 | 351,470 | PDF p. 104 |
| Current total$ | 4,119,504 | 1,726,470 | PDF p. 104 |
| Non-current | |||
| Lease liabilities$ | 190,715 | 99,684 | PDF p. 104 |
| Total | |||
| Total borrowings$ | 4,310,219 | 1,826,154 | PDF p. 104 |
The borrowings are unsecured.
The fair values of borrowings approximate their carrying amounts as they are frequently repriced to market interest rates.
The fair values are within Level 2 of the fair value hierarchy.
| Item / unit | 2026$ | 2025$ | Source |
|---|---|---|---|
| Current | |||
| Bank borrowings$ | 3,000,000 | – | PDF p. 104 |
The borrowings are unsecured.
| Item / unit | 2026Group, $ | 2025Group, $ | 2026Company, $ | 2025Company, $ | Source |
|---|---|---|---|---|---|
| Contractual re-pricing dates | |||||
| 6 months or less$ | 4,000,000 | 1,000,000 | 3,000,000 | – | PDF p. 104 |
Exposure of borrowings to interest rate changes and contractual re-pricing dates at reporting date.
Payout
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Provision 11.6 - Dividend Policy | The Company does not have a formal dividend policy. The form, frequency and amount of any proposed dividends will take into consideration the Group’s profit growth, cash position, positive cash generated from operations, projected capital requirements for business growth and other factors as the Board may deem appropriate. The Company endeavours to pay dividends and where dividends are not paid, the Company will disclose its reason(s) accordingly. | Company | PDF p. 47 |
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Dividends declared FY2026 | The Company did not declare any dividends in FY2026 as the Group intends to conserve cash for potential upcoming projects. | Company, FY2026 | PDF p. 47 |
Extracted from ANNUAL REPORT 2026 and checked against the cited pages; see the original report for full context.
Auditor’s report
| Item | Value | Period / scope | Source |
|---|---|---|---|
| Audit firm | CLA Global TS Public Accounting Corporation | Group | PDF p. 58 |
| Engagement director | Tan Da Xun | Group | PDF p. 58 |
| Disclaimer of Opinion | We do not express an opinion on the accompanying consolidated financial statements of the Group or the statement of financial position of the Company. | Group | PDF p. 56 |
| Basis for Disclaimer of Opinion | Because of the significance of the matters described above, we have not been able to obtain sufficient appropriate audit evidence to provide a basis for an audit opinion on the financial statements. | Group | PDF p. 57 |
Extracted from ANNUAL REPORT 2026 and checked against the cited pages; see the original report for full context.
Group and parent company or bank figures are labelled separately. Parentheses indicate negative amounts; a dash and NA retain the report’s notation.
Comparative figures follow ANNUAL REPORT 2026, including retrospective adjustments. Adjusted and reported earnings may have different definitions; refer to each statement’s notes.
FY2026 auditor report dated 30 June 2026: Disclaimer of Opinion. CLA Global TS Public Accounting Corporation could not obtain sufficient appropriate audit evidence for the partnership revenue, the subsequent investment arrangement and recoverability of its financial asset. Possible effects may be material and pervasive. These tables reproduce the annual report’s reported figures; possible adjustments remain undetermined. The auditor also expresses no opinion on whether relevant accounting records were properly kept.
Five official annual originals FY2022–FY2026 (670 pages) are archived. Financial years run 1 April–31 March. Latest available comparative presentation: FY2026 annual supplies 2026/2025; FY2025 annual supplies 2024; FY2024 annual supplies restated 2023; FY2023 annual supplies original FY2022 before the later restatement. Report-year labels follow the March closing year.
Primary monetary statement columns are whole Singapore dollars, not thousands. EPS is Singapore cents per share; EPS weighted ordinary shares are whole share counts. Group comprehensive income, Group and Company financial position, Group equity and Group cash flows are printed. Separate Company income, equity and cash flow primary statements are not printed.
FY2024 Note 32 restates FY2023 and 1 April 2022 opening financial position for concert investments/project costs and related taxes. Original FY2022 full income, cash flow and equity remain labelled before later restatement. Restated 1 April 2022 opening financial position is shown separately; it is not an extra full year or an invented restated FY2022 income/cash flow statement. Group opening equity changes from S$45,251,517 to S$40,942,079; FY2023 closing equity changes from S$47,016,332 to S$42,715,704.
FY2023 restatement changes OCI by S$8,810. It reclassifies S$59,703 between other-current-asset operating cash movement and unrealised currency translation; the two cash-flow adjustments offset. The later FY2023 financing reconciliation also moves S$7,493 between bank principal/interest payments and accrued trade and other payables; closing bank debt S$12,876,965 is unchanged. Original and later presentations are retained without silently equating their individual lines.
FY2026 treasury shares are separate contra-equity. FY2025 owners loss S$23,349,743 and NCI profit S$824,979 sum to Group loss S$22,524,764; FY2026 NCI closing balance is a printed dash. No unsupported acquisition/disposal cause is inferred from the NCI numerical cancellation. Dashes/hyphens and genuinely blank subtotal captions retain the original notation.
Management reports S$7,478,199 investment at amortised cost: S$3,977,986 converted receivables plus S$3,278,000 cash and S$222,213 accrued interest. The converted amount comprises S$3,627,986 partnership receivable plus S$350,000 other receivable. Management recognised no loss allowance and describes a contractual 10% return and revised June/August/November 2026 and February 2027 repayments. These are management’s reported accounting judgements; the auditor could not obtain sufficient appropriate evidence for recognition, measurement or recoverability.
Reported revenue includes FVPL gains/(losses): FY2026 customer-contract revenue S$43,461,147 plus FVPL gain S$178,209 equals S$43,639,356. The S$3,627,986 partnership net revenue is within the auditor disclaimer; the arithmetic bridge does not establish its accounting validity.
These tables show the available extracted figures. The original annual report contains the full statements, notes and definitions.