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RIGHT-OF-USE ASSETS AND LEASE LIABILITIES
 6 Months Ended 12 Months Ended
Jun. 30, 2025
Dec. 31, 2024
North Water Investment Group Holdings Limited [Member]    
Restructuring Cost and Reserve [Line Items]    
RIGHT-OF-USE ASSETS AND LEASE LIABILITIES  

7. RIGHT-OF-USE ASSETS AND LEASE LIABILITIES

 

The Group is a lessee of non-cancellable operating leases for corporate office in Hong Kong. The Group’s ROU assets and operating lease liabilities recognized in the consolidated balance sheets consist of the following:

 

SCHEDULE OF ROU ASSETS AND OPERATING LEASE LIABILITIES

   As of December 31, 
   2023   2024 
   HK$   HK$ 
         
Operating lease ROU assets   -    3,486,556 
           
   As of December 31, 
    2023    2024 
    HK$    HK$ 
Operating lease liabilities          
Current portion   -    1,896,384 
Non-current portion   -    1,584,423 
    -    3,480,807 
           
   As of December 31, 
    2023    2024 
Operating leases:          
Weighted average remaining lease term (years)   -    2 
Weighted average discount rate   -    5.46%

 

During the years ended December 31, 2023 and 2024, the Group incurred lease expense of nil and HK$331,945, respectively.

 

The maturity analysis of the Group’s non-cancellable operating lease obligations as of December 31, 2024 is as follows:

 

SCHEDULE OF MATURITY OF NON-CANCELLABLE OPERATING LEASE OBLIGATIONS

  

Operating

leases

 
   HK$ 
     
Year ending December 31, 2024   2,030,208 
Year ending December 31, 2025   1,615,434 
Total undiscounted lease obligations   3,645,642 
Less: imputed interest   (164,835)
Lease liabilities recognized in the consolidated balance sheet   3,480,807 

  

 

NORTH WATER INVESTMENT GROUP HOLDINGS LIMITED AND ITS SUBSIDIARY

 

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

for the years ended December 31, 2023 and 2024

 
Mango Financial Group Limited [Member]    
Restructuring Cost and Reserve [Line Items]    
RIGHT-OF-USE ASSETS AND LEASE LIABILITIES

 

8. RIGHT-OF-USE ASSETS AND LEASE LIABILITIES

 

The Group is a lessee of non-cancellable operating leases for corporate office in Hong Kong. The Group’s ROU assets and operating lease liabilities recognized in the consolidated balance sheets consist of the following:

 

   As of 
   December 31,   June 30, 
   2024   2025 
   HK$   HK$ 
         (Unaudited) 
           
Operating lease ROU assets   3,486,556    2,570,547 

 

   As of 
   December 31,   June 30, 
   2024   2025 
   HK$   HK$ 
       (Unaudited) 
Operating lease liabilities          
Current portion   1,896,384    1,948,747 
Non-current portion   1,584,423    596,780 
    3,480,807    2,545,527 

 

   As of 
   December 31,   June 30, 
   2024   2025 
   HK$   HK$ 
       (Unaudited) 
Operating leases:          
Weighted average remaining lease term (years)   2    1.3 
Weighted average discount rate   5.46%   5.46%

 

During the year ended December 31, 2024, and the six months ended June 30, 2024 and 2025, the Group incurred lease expense of HK$331,945, nil and HK$ 995,834, respectively.

 

The maturity analysis of the Group’s non-cancelable operating lease obligations is as follows:

 

  

As of

December 31,

2024

 
   HK$ 
     
Year ending December 31, 2024   2,030,208 
Year ending December 31, 2025   1,615,434 
Total undiscounted lease obligations   3,645,642 
Less: imputed interest   (164,835)
Lease liabilities recognized in the consolidated balance sheet   3,480,807 

 

  

As of

June 30,

2025

 
   HK$ 
   (Unaudited) 
     
Six months ending December 31, 2025   1,015,104 
Year ending December 31, 2026   1,615,434 
Total undiscounted lease obligations   2,630,538 
Less: imputed interest   (85,011)
Lease liabilities recognized in the consolidated balance sheet   2,545,527 

 

 

MANGO FINANCIAL GROUP LIMITED

 

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

FOR THE SIX MONTHS ENDED JUNE 30, 2024 AND 2025 (UNAUDITED)