BASIS OF PRESENTATION |
12 Months Ended |
|---|---|
Jun. 30, 2025 | |
| BASIS OF PRESENTATION | |
| BASIS OF PRESENTATION | NOTE 2. BASIS OF PRESENTATION
On May 15, 2024, AEN Group issued 3,500,000 common shares to acquire AEN Trading. As a result of this transaction, the shareholders of AEN Trading obtained control of AEN Group through majority voting rights. Accordingly, the transaction has been accounted for as a reverse acquisition, with AEN Trading treated as the accounting acquirer.
The consolidated financial statements are prepared in accordance with U.S. generally accepted accounting principles (“U.S. GAAP”) and include the accounts of AEN Group and its wholly owned subsidiary. All intercompany balances and transactions have been eliminated.
The financial statements cover the fiscal year ended June 30, 2025, with comparative information presented for the year ended June 30, 2024.
Functional and Presentation Currency
The Company’s foreign operations are measured using the currency of the primary economic environment in which the entity operates (the “functional currency”). The Company uses US Dollars as its functional and presentation currency. |