| Investment Properties |
| | |
2024 | |
| | |
Land | | |
Building | | |
Total | |
| | |
| | |
| | |
| |
| January 1 | |
$ | - | | |
$ | - | | |
$ | - | |
| Acquisition through business combination (Note) | |
| 2,212,683 | | |
| 225,274 | | |
| 2,437,957 | |
| Depreciation expenses | |
| - | | |
| (1,857 | ) | |
| (1,857 | ) |
| Exchange difference | |
| (41,537 | ) | |
| (4,699 | ) | |
| (46,236 | ) |
| December 31 | |
$ | 2,171,146 | | |
$ | 218,718 | | |
$ | 2,389,864 | |
| | |
| | | |
| | | |
| | |
| December 31 | |
| | | |
| | | |
| | |
| Cost | |
$ | 2,171,146 | | |
$ | 220,544 | | |
$ | 2,391,690 | |
| Accumulated depreciation | |
| - | | |
| (1,826 | ) | |
| (1,826 | ) |
| | |
$ | 2,171,146 | | |
$ | 218,718 | | |
$ | 2,389,864 | |
| | |
2025 | |
| | |
Land | | |
Building | | |
Total | |
| | |
| | |
| | |
| |
| January 1 | |
| | |
| | |
| |
| Cost | |
$ | 2,171,146 | | |
$ | 220,544 | | |
$ | 2,391,690 | |
| Accumulated depreciation | |
| - | | |
| (1,826 | ) | |
| (1,826 | ) |
| | |
$ | 2,171,146 | | |
$ | 218,718 | | |
$ | 2,389,864 | |
| | |
| | | |
| | | |
| | |
| January 1 | |
$ | 2,171,146 | | |
$ | 218,718 | | |
$ | 2,389,864 | |
| Depreciation expenses | |
| - | | |
| (5,716 | ) | |
| (5,716 | ) |
| Exchange difference | |
| 73,761 | | |
| 8,376 | | |
| 82,137 | |
| December 31 | |
$ | 2,244,907 | | |
$ | 221,378 | | |
$ | 2,466,285 | |
| | |
| | | |
| | | |
| | |
| December 31 | |
| | | |
| | | |
| | |
| Cost | |
$ | 2,244,907 | | |
$ | 228,942 | | |
$ | 2,473,849 | |
| Accumulated depreciation | |
| - | | |
| (7,564 | ) | |
| (7,564 | ) |
| | |
$ | 2,244,907 | | |
$ | 221,378 | | |
$ | 2,466,285 | |
Note: Acquisition of
investment properties through business combination please refer to Note 32 for details.
| a) | Amounts recognized in profit or loss for investment properties are listed below: |
| | |
Year ended December 31, | |
| | |
2024 | | |
2025 | |
| | |
| | |
| |
| Rental income from operating leases | |
$ | 21,894 | | |
$ | 45,775 | |
| Direct operating expenses from property that generated rental income | |
| (3,543 | ) | |
| (10,009 | ) |
| b) | Information about investment properties that were pledged to the bank as collaterals is provided in Note
38. |
| c) | Contractual obligations: |
There are no contractual obligations to
purchase, construct or develop investment property or for repairs, maintenance or enhancements.
The investment properties are leased
to tenants under operating leases, with rentals payable monthly. Lease income from operating leases where the Group is a lessor is recognized
in income on a straight-line basis over the lease term.
The fair value of the investment property
held by the Group as of December 31, 2024 was $2,437,957, please refer to Note 32 b) for details.
The fair value of the investment property
held by the Group as of December 31, 2025 was $2,984,625. Based on the evaluation, no impairment of investment property was recognized
as of December 31, 2025.
Future
minimum lease payments expected to be received under operating leases are as follows:
| |
|
|
|
| Within 1 year from December 31, 2025 |
|
$ |
52,180 |
|
| Between 1 and 2 years from December 31, 2025 |
|
|
54,088 |
|
| Between 2 and 3 years from December 31, 2025 |
|
|
55,997 |
|
| Between 3 and 4 years from December 31, 2025 |
|
|
57,907 |
|
| Between 4 and 5 years from December 31, 2025 |
|
|
9,704 |
|
| |
|
$ |
229,876 |
|
|