Company: GRAN
Filing Date: 2025-07-01
Form Type: 424B4
Source: 0001213900-25-060039
Chunk: 256

Company: Grande Group Ltd/HK
Filing Date: 2025-07-01
Form: 424B4
Chunk 256
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 securities that were in -the -moneythat were outstanding during the years ended March 31, 2024 and 2023. Segment reporting ASC 280, “Segment Reporting”, establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organizational structure as well as information about geographical areas, business segments and major customers in financial statements for detailing the Company’s business segments. The Company operates and manages its business as one reportable and operating segment, which is the business of the provision of corporate finance advisory services. The Company’s chief executive officer, who is the chief operating decision maker, reviews financial information on an aggregate basis for purposes of allocating resources and evaluating

F-15

NOTE 2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (cont.) financial performance. All the Company’s long -livedassets, which consist of operating leasehold improvement and equipment, net and right -of -useasset, are located in the HK SAR. Hence, no analysis by geographical area of long -livedasset information is provided. 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. 2022 Employment Support Scheme The Hong Kong government has launched the 2022 Employment Support Scheme under the Anti -epidemicFund 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. The grant of nil and $53,846 was recognized as other income in the consolidated financial statements for the years ended March 31, 2024 and 2023, respectively. Financial instruments The Company’s financial instruments, including cash and cash equivalents, accounts receivables, other current assets, accrued expenses and other current liabilities, contract liabilities and amounts due to a related party, have carrying amounts that approximate their fair values due to their short maturities. ASC Topic 820, “Fair Value Measurement” requires disclosing the fair value of financial instruments held by the Company. ASC Topic 825, “Financial Instruments” defines fair value and establishes a three -levelvaluation hierarchy for disclosures of fair value measurement that enhances