Company: GRAN
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069627
Chunk: 167

Company: Grande Group Ltd/HK
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 167
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 available when the calculations are made; however, actual results
could differ materially from those estimates.

F-7

  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 (cont.)

Accounting
for the impairment of long-lived assets

The
Company annually reviews its long-lived assets for impairment or whenever events or changes in circumstances indicate that the carrying
amount of assets may not be recoverable. Impairment may become obsolete from a difference in the industry, introduction of new technologies,
or if the Company has inadequate working capital to utilize the long-lived assets to generate adequate profits. Impairment is present
if the carrying amount of an asset is less than its expected future undiscounted cash flows.

If an asset is considered impaired, a loss is
recognized based on the amount by which the carrying amount exceeds the fair market value of the asset. Assets to be disposed of are
reported lower the carrying amount or fair value fewer costs to selling. Noimpairment of long-lived assets was recognized for the
years ended March 31, 2025, 2024 and 2023.

General
and administrative expenses

General
and administrative expenses include employee benefit expense, depreciation and other office expenses.

Cash
and cash equivalents

The
Company considers bank deposit and all highly liquid investments with original maturities of three months or less when purchased
to be cash and cash equivalents. Cash consists primarily of cash in accounts held at financial institutions.

Lease

ASC
842 generally requires lessees to recognize operating and finance lease liabilities and corresponding right-of-use (“ ROU”)
assets on the consolidated balance sheets and to provide disclosures surrounding the amount, timing and uncertainty of cash flows arising
from leasing arrangements. Leases that transfer substantially all of the benefits and risks incidental to the ownership of assets are
accounted for as finance leases as if there was an acquisition of an asset and incurrence of an obligation at the inception of the lease.
All other leases are accounted for as operating leases.

Lease
terms used to calculate the present value of lease payments generally do not include any options to extend, renew, or terminate the lease,
as the Company does