Employee Benefits (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Employee Benefits [Abstract] |
|
| Schedule of Employee Benefits Liability |
Employee benefits liability as of December
31, 2025, 2024 and 2023 are comprised as follows:
| | |
Retirement
benefits | | |
Termination
benefits | | |
2025 | | |
2024 | | |
2023 | |
| | |
| | |
| | |
| | |
| | |
| |
| Vested benefits Obligation | |
$ | - | | |
$ | 4,744 | | |
$ | 4,744 | | |
$ | 4,123 | | |
$ | 4,431 | |
| Plus, Non-Vested Benefits Obligation | |
| 96,017 | | |
| 122,209 | | |
| 218,226 | | |
| 172,877 | | |
| 180,743 | |
| Defined Benefits Obligation | |
| 96,017 | | |
| 126,953 | | |
| 222,970 | | |
| 177,000 | | |
| 185,174 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | |
| Projected Net Liability | |
$ | 96,017 | | |
$ | 126,953 | | |
$ | 222,970 | | |
$ | 177,000 | | |
$ | 185,174 | |
|
| Schedule of Net Cost for the Period Booked in Profit and Loss |
Net cost for the period booked in profit
and loss is comprised as follows:
| | |
Retirement
benefits | | |
Termination
benefits | | |
2025 | | |
2024 | | |
2023 | |
| | |
| | |
| | |
| | |
| | |
| |
| Service cost | |
| 6,323 | | |
$ | 9,867 | | |
$ | 16,190 | | |
$ | 16,483 | | |
$ | 15,206 | |
| Net interest | |
| 10,074 | | |
| 12,459 | | |
| 22,533 | | |
| 20,391 | | |
| 18,632 | |
| Early settlement of obligations | |
| 148 | | |
| 2,458 | | |
| 2,606 | | |
| | | |
| | |
| Labor cost of past services | |
| (3,447 | ) | |
| 0 | | |
| (3,447 | ) | |
| (13,880 | ) | |
| (2,528 | ) |
| Net Cost for the period | |
$ | 13,098 | | |
$ | 24,784 | | |
$ | 37,882 | | |
$ | 22,994 | | |
$ | 31,310 | |
|
| Schedule of Main Actuarial Hypothesis Used in the Actuarial Computations |
Main actuarial hypothesis used in the
actuarial computations are:
| | |
2025 | | |
2024 | | |
2023 | |
| | |
| | |
| | |
| |
| Discount rate | |
| 9.20 | % | |
| 10.55 | % | |
| 9.05 | % |
| Wage increase rate | |
| 5.00 | % | |
| 5.00 | % | |
| 5.00 | % |
| Rate of salary increase | |
| 4.50 | % | |
| 4.50 | % | |
| 4.50 | % |
|
| Schedule of DBO Amount Recorded in the Balance Sheet |
The DBO amount recorded in the balance
sheet as of December 31, 2025 and 2024 are $222,970 and $177,000, respectively.
| | |
2025 | | |
2024 | |
| | |
| | |
| |
| Defined benefit obligations (DBO) changes in present | |
$ | 177,000 | | |
$ | 185,174 | |
| | |
| | | |
| | |
| DBO present value at January 1st | |
| 177,000 | | |
| 185,174 | |
| Past services labor cost | |
| (3,447 | ) | |
| (13,880 | ) |
| Current service labor cost | |
| 16,190 | | |
| 16,483 | |
| Interest expense | |
| 22,533 | | |
| 20,391 | |
| Paid benefits | |
| (16,565 | ) | |
| (12,945 | ) |
| Early settlement of obligations | |
| 2,606 | | |
| | |
| Actuarial gains and losses in obligations | |
| 24,653 | | |
| (18,223 | ) |
| DBO present value at December 31st | |
$ | 222,970 | | |
$ | 177,000 | |
| Changes in projected net liabilities | |
| | | |
| | |
| Initial PNL | |
$ | 177,000 | | |
$ | 185,174 | |
| Net cost for the period | |
| 37,882 | | |
| 22,994 | |
| Paid benefits | |
| (16,565 | ) | |
| (12,945 | ) |
| Previous years effect on profit and loss | |
| 24,653 | | |
| (18,223 | ) |
| Final PNL | |
$ | 222,970 | | |
$ | 177,000 | |
| Defined benefits obligations (DBO) | |
$ | 222,970 | | |
$ | 177,000 | |
|