5.
DEPOSITS, PREPAYMENTS AND OTHER RECEIVABLES
Deposits, prepayments
and other receivables mainly consist of prepayments, office rental deposits, utility
deposits, air freight and cargo deposits, and refundable deposits paid for acquisition of a subsidiary:
SCHEDULE
OF DEPOSITS AND OTHER RECEIVABLES
| | |
2024 | | |
2025 | |
| | |
As of September 30, | |
| | |
2024 | | |
2025 | |
| | |
US$ | | |
US$ | |
| Deposits paid under operating activities | |
| 304,324 | | |
| 180,708 | |
| Refundable deposits paid for acquisition of a subsidiary (note) | |
| - | | |
| 512,821 | |
| Prepayment | |
| 87,488 | | |
| 279,655 | |
| Other receivables | |
| 82,085 | | |
| - | |
| Deposits
and other receivables | |
| 473,897 | | |
| 973,184 | |
| |
Note: |
Amount represents a refundable deposit amounting to US$512,821
paid to the sole shareholder of Asiatic Logistics Limited (“Asiatic”), in connection with its potential acquisition of 51%
of its issued and outstanding shares of Asiatic. The Company settled the deposit through amounts due from related parties. As of the
date of these consolidated financial statements issued, the acquisition of Asiatic has not yet been completed. The amount is classified
as non-current due to its capital nature.
|
|