Company: ZCARW
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014437
Chunk: 48

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 48
---
OOMCAR HOLDINGS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

19Other current liabilities

The components of other current liabilities were as follows:

    (In USD)
As at 
    December 31,
 2024  
    March 31,
                                                                                2024 

    Payable to renters 
    $482,987  
    $576,052 
  
    Statutory dues payable 
     1,560,108  
     1,550,688 
  
    Capital creditors 
     5,781  
     5,936 
  
    Employee benefit expenses payable 
     194,804  
     320,360 
  
    Other liabilities* 
     631,476  
     330,582 
  
    Other current liabilities  
    $2,875,156  
    $2,783,618 

*Includes payables related to operating leases and the residual value of vehicles
acquired from Leaseplan India Private Limited.

20Accumulated other comprehensive income/ (loss)

The components of accumulated other comprehensive income/(loss)
were as follows:

    (In USD)
As at 
    December 31,
 2024  
    March 31,
 2024 

    (Loss)/ Gain on employee benefit 

    Balance, beginning of period 
    $46,101  
    $115,818 
  
    Recognized during the period, net of taxes amounts to $NIL 
     (54,353) 
     (48,593)
  
    Reclassification to net income: Amortization losses/(gains) 
     (5,008) 
     (21,124)
  
    Balance, end of period 
    $(13,260) 
    $46,101 

    Foreign currency translation adjustment 

    Balance, beginning of period 
    $1,749,891  
    $15,594,868 
  
    Translation adjustments gain recognized during the period, net of taxes amounts to $NIL 
     417,695  
     (13,844,977)
  
    Balance, end of period 
    $2,167,586  
    $1,749,891 
  
    Accumulated other comprehensive income  
    $2,154,326  
    $1,795,992 

33

ZOOMCAR HOLD