v3.26.1
Property and Equipment
 12 Months Ended
Dec. 31, 2025
Property and Equipment [Abstract]  
Property and equipment
5. Property and equipment

 

   Building   Security
equipment		   Motor
vehicle		   Renovation   Office
equipment		   Furniture
and
fittings		   Total 
   USD   USD   USD   USD   USD   USD   USD 
Cost                            
At December 31, 2023   2,881,844    719,914    470,457    406,207    224,355    47,837    4,750,614 
Additions   
-
    988,816    6,800    2,532    54,336    
-
    1,052,484 
Currency translation adjustments   (88,344)   (22,069)   (12,651)   (12,453)   (6,025)   (1,466)   (143,008)
At December 31, 2024   2,793,500    1,686,661    464,606    396,286    272,666    46,371    5,660,090 
Additions   
-
    67,837    
-
    3,526    114,623    849    186,835 
Write off   
-
    
-
    (202,123)   (1,694)   (2,372)   
-
    (206,189)
Disposal   
-
    (487,648)   (38,938)   
-
    
-
    
-
    (526,586)
Currency translation adjustments   165,771    100,087    29,139    23,516    16,825    2,750    338,088 
At December 31, 2025   2,959,271    1,366,937    252,684    421,634    401,742    49,970    5,452,238 
                                    
Accumulated Depreciation                                   
As December 31, 2022   230,548    609,395    357,122    402,143    201,598    45,395    1,846,201 
Depreciation   56,817    16,438    42,282    4,006    29,355    997    149,895 
Currency translation adjustments   (8,017)   (18,956)   (4,410)   (12,395)   (11,625)   (1,410)   (56,813)
At December 31, 2024   279,348    606,877    394,994    393,754    219,328    44,982    1,939,283 
Depreciation   58,233    321,329    46,706    195    38,703    1,254    466,420 
Write off   
-
         (194,689)   
-
    (1,241)   
-
    (195,930)
Disposal   
-
    (472,846)   (36,342)   
-
    
-
    
-
    (509,188)
Currency translation adjustments   17,530    41,270    27,380    23,369    12,261    2,695    124,505 
At December 31, 2025   355,111    496,630    238,049    417,318    269,051    48,931    1,825,090 
                                    
Net book value                                   
At December 31, 2024   2,514,152    1,079,784    69,612    2,532    53,338    1,389    3,720,807 
At December 31, 2025   2,604,160    870,307    14,635    4,316    132,691    1,039    3,627,148 

As at December 31, 2025 and 2024, the Group’s building with carrying amount of USD 2,604,160 and USD 2,514,152, respectively are mortgaged to secure the Group’s debt and certain credit facilities granted from banks.

 

As at December 31, 2024, the Group has security equipment with a carrying amount of USD 964,301 that are currently not available for use. Accordingly, these assets are not subject to depreciation during the financial year. Management will continue to assess the status and future use of these assets on a regular basis.

 

During the year ended December 31, 2025, the security equipment were brought into use. As at December 31, 2025, the carrying amount of these assets is USD725,314. Depreciation has commenced in line with the Group’s accounting policy for property and equipment once the assets are available for use in the manner intended by management.

 

There was no impairment of fixed assets recorded for the years ended December 31, 2025 and 2024.