Company: GCL
Filing Date: 2025-09-04
Form Type: F-1
Source: 0001213900-25-084489
Chunk: 286

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-04
Form: F-1
Chunk 286
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 | ) |
| Property and equipment, net    |     |                 |    663,357 |   |     |   |    779,245 |   |

| * | Included in computers is software with net book value of 
 $442,566 (2024: $518,941).                               |

The depreciation expenses of property and equipment recognised for the years ended March 31, 2025 and 2024 were $295,895 and $278,535 respectively. F-78 BAN LEONG TECHNOLOGIES LIMITED NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (Amounts in Singapore dollars (“$”)

| 8. | Bank loans |

Bills payable to banks (unsecured) have repayment terms of approximately 30 to 120 days. Bills payable to banks bear interest at average rates ranging from 3.37% to 4.90% (2024: 4.45% to 5.09%) per annum. Short-term loans (unsecured) have repayment terms of approximately 30 to 180 days. Short-term loans bear interest at average rates at 4.64% (2024: 5.03%) per annum. A reconciliation of liabilities arising from the Company’s financing activities is as follows:

|                        |     |   |     As of 
  April 1, 
      2024 |     |   | Drawdowns         
 (repayments), net |   |     |   |     As of 
 March 31, 
      2025 |
|:-----------------------|:----|:--|----------:|:----|:--|:------------------|:--|:----|:--|----------:|
|                        |     | $ |           |     | $ |                   |   |     | $ |           |
| Bills payable to banks |     |   | 1,713,502 |     |   | (270,904          | ) |     |   | 1,442,598 |
| Short-term loans       |     |   |   800,000 |     |   | –                 |   |     |   |   800,000 |
|                        |     |   | 2,513,502 |     |   | (270,904          | ) |     |   | 2,242,598 |

|                        |     |   |     As of 
  April 1, 
      2023 |     |