Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 180

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 180
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 key operating decisions, including allocation of budget between cost of revenue and general and administrative
expenses.

Government
assistance programs

Government
incentives are recorded and presented in the consolidated financial statements on a gross basis as other income. The benefit is generally
recorded when all conditions attached to the incentive have been met or are expected to be met and there is reasonable assurance of their
receipt.

F-15

  GRANDE                                      
  GROUP LIMITED                               
  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS  
  FOR THE YEARS ENDED MARCH                   
  31, 2025, 2024 and 2023                     
                                              
  (Stated                                     
  in US Dollars)                              
 ──────────────────────────────────────────────

NOTE
2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

2022 Reimbursement of Maternity Leave Pay
Scheme

The Hong Kong government launched the Reimbursement of Maternity Leave
Pay Scheme to reimburse employers for statutory maternity leave pay (“ MLP”) paid to female employees who gave birth on or
after December 11, 2020. Under the scheme, employers may apply for reimbursement of the MLP for the 11thto 14thweeks of maternity leave (the four additional weeks), subject to a cap of HK$80,000per eligible employee. The scheme opened for applications
on April 1, 2021. To qualify, the Company must have employed the relevant employee and paid the full statutory maternity leave pay for
all 14 weeks, the employee’s confinement must have occurred on or after December 11, 2020, and the additional four weeks of MLP
must not have been covered by other government funding. All conditions relating to this grant have been fulfilled by the Company. The
grant of $2,605, niland nilwas recognized as other income in the consolidated financial statements for the years ended March 31, 2025,
2024 and 2023, respectively.

2022 Employment Support Scheme

The Hong Kong government has launched the
2022 Employment Support Scheme under the Anti-epidemic Fund to provide wage subsidies to employers for three months (i. e. May, June
and July 2022) to retain their current employees or even employ more staff when the business revives as soon as the epidemic situation
permits. The Company is required to comply with certain covenants, including hiring sufficient number of employees. All conditions relating
to these grants have been fulfilled