130 SECTION 05 : FINANCIAL STATEMENTS & OTHERS Notes To The Financial Statements (Cont’d) 31 March 2025 Registration No: 34 199201005296 (236800 - T) 3. BASIS OF PREPARATION (continued) The financial statements of the Group and of the Company have been prepared under the historical cost convention except as otherwise stated in the financial statements and on the assumptions that the Group and the Company will continue as going concerns despite the Group’s and the Company’s net losses of RM47,291,000 and RM29,607,000 respectively incurred during the financial year ended 31 March 2025 as at that date, the current liabilities of the Group exceeded current assets by RM14,538,000. The Directors have prepared cash flows forecast for the next 12 months from the date of the financial statements in assessing whether it is appropriate to prepare the financial statements of the Group and of the Company for the financial year ended 31 March 2025 on a going concern basis, taking into considerations the following: (i) the Group’s ability to generate operating cash flows from their operations; and (ii) available credit facilities to the Group and to the Company. Accordingly, the Directors believe that the preparation of the financial statements on a going concern basis is appropriate to enable the Group and the Company to meet their liabilities as they fall due for the next 12 months from the date of the financial statements. [THE REST OF THIS PAGE HAS BEEN INTENTIONALLY LEFT BLANK]
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