Provisions (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Provisions [Abstract] |
|
| Schedule of Provisions |
| | |
2025 | | |
2024 | |
| | |
US$ | | |
US$ | |
| Provision for reinstatement costs | |
| 44,502 | | |
| 71,274 | |
| Provision for defined benefit obligations | |
| 141,489 | | |
| 185,274 | |
| As at December 31 | |
| 185,991 | | |
| 256,548 | |
| Provision for reinstatement costs | |
| | | |
| | |
| As at January 1 | |
| 71,274 | | |
| 71,872 | |
| Additional provision | |
| - | | |
| 3,855 | |
| Reversal of provision | |
| (30,769 | ) | |
| (5,781 | ) |
| Increase in discounted amounts arising from the passage of time | |
| 224 | | |
| 1,772 | |
| Exchange realignment | |
| 3,773 | | |
| (444 | ) |
| As at December 31 | |
| 44,502 | | |
| 71,274 | |
| Portion classified as current liabilities | |
| (44,502 | ) | |
| (71,274 | ) |
| Non-current portion | |
| - | | |
| - | |
|
| Schedule of Principal Actuarial Assumptions |
The principal actuarial assumptions
used as at the end of the reporting period are as follows:
| | |
2025 | | |
2024 | |
| Discount rate (%) | |
| 6.59 | | |
| 6.07 - 6.08 | |
| Expected rate of salary increases (%) | |
| 6.00 | | |
| 6.00 | |
|
| Schedule of Principal Actuarial Assumptions |
A quantitative sensitivity analysis
for significant assumptions as at the end of the reporting period is shown below:
| | |
| | |
Increase/ | | |
| | |
Increase/ | |
| | |
| | |
(decrease) | | |
| | |
(decrease) | |
| | |
| | |
in defined | | |
| | |
in defined | |
| | |
Increase | | |
benefit | | |
Decrease | | |
benefit | |
| | |
in rate | | |
obligations | | |
in rate | | |
obligations | |
| | |
% | | |
US$ | | |
% | | |
US$ | |
| 2025 | |
| | |
| | |
| | |
| |
| Discount rate | |
| 1 | | |
| (26,792 | ) | |
| 1 | | |
| 33,907 | |
| Future annual salary increases | |
| 1 | | |
| 33,761 | | |
| 1 | | |
| (27,152 | ) |
| 2024 | |
| | | |
| | | |
| | | |
| | |
| Discount rate | |
| 1 | | |
| (33,908 | ) | |
| 1 | | |
| 43,318 | |
| Future annual salary increases | |
| 1 | | |
| 42,894 | | |
| 1 | | |
| (34,214 | ) |
|
| Schedule of Total Expenses Recognized in the Consolidated Statements of Loss and Other Comprehensive Income/(loss) |
The total expenses recognized in the consolidated statements
of loss and other comprehensive income/(loss) in respect of the plan are as follows:
| | |
2025 | | |
2024 | | |
2023 | |
| | |
US$ | | |
US$ | | |
US$ | |
| Current service cost | |
| 51,272 | | |
| 67,548 | | |
| 49,109 | |
| Interest cost | |
| 11,330 | | |
| 11,583 | | |
| 7,563 | |
| Net benefit expenses recognized in general, administrative and other operating expenses | |
| 62,602 | | |
| 79,131 | | |
| 56,672 | |
|
| Schedule of Defined Benefit Obligations Classified as Non-Current Liabilities |
The movements in the defined benefit obligations classified
as non-current liabilities are as follows:
| | |
2025 | | |
2024 | |
| | |
US$ | | |
US$ | |
| At January 1 | |
| 185,274 | | |
| 194,260 | |
| Current service cost | |
| 51,271 | | |
| 67,548 | |
| Interest cost | |
| 11,330 | | |
| 11,583 | |
| Benefits paid | |
| (17,726 | ) | |
| (74,016 | ) |
| Remeasurement losses/(gains) debited/(credited) to other comprehensive income/(loss) arising from: | |
| | | |
| | |
| Changes in financial assumptions | |
| (16,967 | ) | |
| 4,147 | |
| Experience adjustments | |
| (69,520 | ) | |
| (19,632 | ) |
| Exchange realignment | |
| (2,173 | ) | |
| 1,384 | |
| At December 31 | |
| 141,489 | | |
| 185,274 | |
|