SCHEDULE OF CAPITAL STRUCTURE
| |
|
2024 |
|
|
2023 |
|
| |
|
As of December 31, |
|
| |
|
2024 |
|
|
2023 |
|
| |
|
USD’000 |
|
|
USD’000 |
|
| Interest-bearing bank borrowings |
|
|
— |
|
|
|
— |
|
| Note payable |
|
|
5,187 |
|
|
|
2,111 |
|
| Amounts owed to related parties |
|
|
272 |
|
|
|
78 |
|
| Total debts |
|
|
5,459 |
|
|
|
2,189 |
|
| Less: Cash and cash equivalents (excluding restricted bank balances) |
|
|
(1,047 |
) |
|
|
(538 |
) |
| Net debts |
|
|
4,412 |
|
|
|
1,651 |
|
| Equity attributable to shareholders of the Company |
|
|
25,553 |
|
|
|
13,985 |
|
| Gearing ratio |
|
|
17 |
% |
|
|
12 |
% |
|