Financial Instruments (Tables)
|
12 Months Ended |
Dec. 31, 2024 |
|---|
| Financial Instruments [Abstract] |
|
| Schedule of Financial Instruments by Category |
Financial instruments by category
| | |
December 31,
2024 | | |
December 31,
2023 | |
| Financial assets | |
| | |
| |
| Financial assets at fair value through profit or loss | |
$ | 1,000 | | |
$ | 995,101 | |
| Financial assets at amortized cost (Note) | |
| 65,007,331 | | |
| 48,839,518 | |
| | |
$ | 65,008,331 | | |
$ | 49,834,619 | |
| |
|
December 31,
2024 |
|
|
December 31,
2023 |
|
| Financial liabilities |
|
|
|
|
|
|
| Financial liabilities at amortized cost (Note) |
|
$ |
50,272,275 |
|
|
$ |
42,216,345 |
|
| Warrant liabilities |
|
|
20,082,272 |
|
|
|
6,221,482 |
|
| Convertible preference share liabilities |
|
|
- |
|
|
|
7,767,238 |
|
| |
|
$ |
70,354,547 |
|
|
$ |
56,205,065 |
|
Note: Financial assets at amortized cost include
cash and cash equivalents, restricted deposits, accounts receivable, net, other receivables, net and guarantee deposits paid.
|
| Schedule of Assets and Liabilities Denominated in Foreign Currencies |
The information on assets and liabilities denominated in foreign currencies whose values would be materially affected by the exchange rate fluctuations is as follows:
| | |
December 31, 2024 | |
| | |
Foreign currency
amount
(in thousands) | | |
Exchange
rate | | |
Book value
(USD) | |
| (Foreign currency: functional currency) | |
| | |
| | |
| |
| Financial assets | |
| | |
| | |
| |
| Monetary items | |
| | |
| | |
| |
| NTD:USD | |
$ | 516,275 | | |
| 0.030 | | |
$ | 15,732,406 | |
| EGP:USD | |
| 2,594,496 | | |
| 0.020 | | |
| 50,852,122 | |
| GBP:USD | |
| 21,733 | | |
| 1.260 | | |
| 27,383,676 | |
| Financial liabilities | |
| | | |
| | | |
| | |
| Monetary items | |
| | | |
| | | |
| | |
| NTD:USD | |
| 496,173 | | |
| 0.030 | | |
| 15,119,853 | |
| EGP:USD | |
| 89,942 | | |
| 0.020 | | |
| 1,762,866 | |
| GBP:USD | |
| 60,172 | | |
| 1.260 | | |
| 75,816,160 | |
| | |
December 31, 2023 | |
| | |
Foreign currency
amount
(in thousands) | | |
Exchange
rate | | |
Book value
(USD) | |
| (Foreign currency: functional currency) | |
| | |
| | |
| |
| Financial assets | |
| | |
| | |
| |
| Monetary items | |
| | |
| | |
| |
| NTD:USD | |
$ | 516,510 | | |
| 0.033 | | |
$ | 16,844,446 | |
| EGP:USD | |
| 600,433 | | |
| 0.055 | | |
| 33,285,236 | |
| Financial liabilities | |
| | | |
| | | |
| | |
| Monetary items | |
| | | |
| | | |
| | |
| NTD:USD | |
| 614,748 | | |
| 0.033 | | |
| 20,048,202 | |
| EGP:USD | |
| 432,966 | | |
| 0.033 | | |
| 14,158,000 | |
| GBP:USD | |
| 12,619 | | |
| 1.270 | | |
| 16,025,800 | |
|
| Schedule of Foreign Currency Market Risk Arising from Significant Foreign Exchange Variation |
Analysis of foreign currency market risk arising from significant foreign exchange variation:
| | |
Year ended December 31, 2024 | |
| | |
Sensitivity analysis | |
| | |
Degree of
variation | | |
Effect on
profit or
loss (USD) | |
| (Foreign currency: functional currency) | |
| | |
| |
| Financial assets | |
| | |
| |
| Monetary items | |
| | |
| |
| NTD:USD | |
| 1 | % | |
$ | 157,324 | |
| EGP:USD | |
| 1 | % | |
| 508,521 | |
| GBP:USD | |
| 1 | % | |
| 273,837 | |
| Financial liabilities | |
| | | |
| | |
| Monetary items | |
| | | |
| | |
| NTD:USD | |
| 1 | % | |
| 151,199 | |
| EGP:USD | |
| 1 | % | |
| 17,629 | |
| GBP:USD | |
| 1 | % | |
| 758,162 | |
| | |
Year ended December 31, 2023 | |
| | |
Sensitivity analysis | |
| | |
Degree of
variation | | |
Effect on
profit or
loss (USD) | |
| (Foreign currency: functional currency) | |
| | |
| |
| Financial assets | |
| | |
| |
| Monetary items | |
| | |
| |
| NTD:USD | |
| 1 | % | |
$ | 168,444 | |
| EGP:USD | |
| 1 | % | |
| 332,852 | |
| Financial liabilities | |
| | | |
| | |
| Monetary items | |
| | | |
| | |
| NTD:USD | |
| 1 | % | |
| 200,482 | |
| EGP:USD | |
| 1 | % | |
| 141,580 | |
| GBP:USD | |
| 1 | % | |
| 160,258 | |
|
| Schedule of Provision Matrix |
On December 31, 2024 and 2023, the provision matrix are as follows:
| | |
Not past
due | | |
Up to 180
days past
due | | |
Up to 365
days past
due | | |
Over 365
days past
due | | |
Total | |
| At December 31, 2024 | |
| | |
| | |
| | |
| | |
| |
| Expected loss rate | |
| 0.03 | % | |
| 0.08%~91.71 | % | |
| 72.68%~100 | % | |
| 100 | % | |
| | |
| Total book value | |
$ | 514,854 | | |
$ | 25,252,572 | | |
$ | 4,290 | | |
$ | 7,364,002 | | |
$ | 33,135,718 | |
| Loss allowance | |
| 170 | | |
| 97,099 | | |
| 4,290 | | |
| 7,364,002 | | |
| 7,465,561 | |
| |
|
Not past
due |
|
|
Up to 180
days past
due |
|
|
Up to 365
days past
due |
|
|
Over 365
days past
due |
|
|
Total |
|
| At December 31, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Expected loss rate |
|
|
0.03%~100 |
% |
|
|
0.15%~100 |
% |
|
|
1.4%~100 |
% |
|
|
100 |
% |
|
|
|
|
| Total book value |
|
$ |
3,937,838 |
|
|
$ |
4,770,297 |
|
|
$ |
3,100,633 |
|
|
$ |
2,754,385 |
|
|
$ |
14,563,153 |
|
| Loss allowance |
|
|
2,489,636 |
|
|
|
4,770,297 |
|
|
|
3,100,633 |
|
|
|
2,754,385 |
|
|
|
13,114,951 |
|
|
| Schedule of Accounts and Other Receivable |
Movements in relation to the Group applying the modified approach to provide ECLs for contract assets, accounts and other receivable are as follows:
| | |
2024 | |
| | |
Accounts receivable | | |
Other receivables | |
| At January 1 | |
$ | 13,114,951 | | |
$ | 521,852 | |
| Provision for ECLs | |
| 897,170 | | |
| - | |
| Write off of ECLs | |
| (6,084,336 | ) | |
| - | |
| Currency translation adjustments | |
| (462,224 | ) | |
| - | |
| At December 31 | |
$ | 7,465,561 | | |
$ | 521,852 | |
| | |
2023 | |
| | |
Accounts receivable | | |
Other receivables | |
| At January 1 | |
$ | 1,481,779 | | |
$ | - | |
| Provision for ECLs | |
| 11,633,172 | | |
| 521,852 | |
| At December 31 | |
$ | 13,114,951 | | |
$ | 521,852 | |
|
| Schedule of Non-Derivative Financial Liabilities |
Non-derivative financial liabilities:
| December 31, 2024 | |
Less than
1 year | | |
Over
1 year | |
| Lease liabilities | |
$ | 210,448 | | |
$ | 579,699 | |
| Long-term borrowings (including current portion) | |
| 1,972,371 | | |
| 4,372,188 | |
| December 31, 2023 | |
Less than
1 year | | |
Over
1 year | |
| Lease liabilities | |
$ | 30,327 | | |
$ | 23,011 | |
| Long-term borrowings (including current portion) | |
| 1,817,873 | | |
| 6,822,438 | |
|