Company: LHI
Filing Date: 2025-02-14
Form Type: DRS/A
Source: 0001213900-25-014190
Chunk: 111

Company: Living Homeopathy International Ltd.
Filing Date: 2025-02-14
Form: DRS/A
Chunk 111
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person
in portion to decrease in revenue; and offset by (i) $60,184 increase in products testing fee in obtaining product certificates from
the Hong Kong Standards and Testing Centre, the Hong Kong Certification Limited and NSF (US); and (ii) $55,480 increase in exhibition
event and translation service for promotional purpose.

Staff costs and employee benefits

Our staff costs and employee benefits consist
of salaries and employee benefits paid and payable to our employees. Our staff costs and employee benefits increased by $49,449 or 5.7%
from $865,318 for the year ended March 31, 2023 to $914,767 for the year ended March 31, 2024. As a percentage of staff costs and employee
benefits accounted for 10.7% and 9.4% of our total revenue for the years ended March 31, 2024 and 2023, respectively. The increase in
staff costs and employee benefits was primarily attributable to increase of $178,266 in directors’ remuneration and partially offset
by decrease of $50,192 in staff salaries as decrease in headcount from 18 to 17.

Depreciation

Our depreciation consists of depreciation charge on land and building owned by the Company and leasehold improvement on our retail store. Our depreciation remained relatively stable at approximately $86,000 for the years ended March 31, 2024 and 2023, respectively.

Lease expenses

Our lease expenses consist of rental expenses for our retail store and warehouse. Our lease expenses remained relatively stable at approximately $273,000 for the years ended March 31, 2024 and 2023, respectively.

Other general and administrative expenses

Our other general and administrative expenses primarily include legal and professional fee, repair and maintenance for our retail store, consumables, system fees, property related expenses, office expenses and other miscellaneous administrative expenses.

Our general and administrative expenses increased by $10,220 or 2.8% from $363,197 for the year ended March 31, 2023 to $373,417 for the year ended March 31, 2024. As a percentage of revenue, other general and administrative expenses accounted for 4.4% and 4.0% of revenue for the years ended March 31, 2024 and 2023, respectively. The increase in our other general and administrative expenses was primarily contributed by increase of $33,047 programming fee for upgrade and maintenance of accounting