v3.26.1
RIGHT-OF-USE ASSETS, NET (Tables)
12 Months Ended
Dec. 31, 2025
Right-of-use Assets Net  
SCHEDULE OF FINANCE LEASE RIGHT-OF-USE ASSETS, NET

The finance lease arrangements held by the Company are summarized as follows:

 

   2025   2024 
   As of December 31, 
   2025   2024 
   $’000   $’000 
         
At cost          
Motor vehicles   979    979 
           
Right-of-use assets, gross    979    979 
Less: accumulated depreciation   (701)   (626)
           
Motor vehicles, net   277    353 
SCHEDULE OF RIGHT-OF-USE ASSETS, NET

Right-of-use assets, net for the amount recognized in the consolidated balance sheet in the table below:

 

   2025   2024 
   As of December 31, 
   2025   2024 
   $’000   $’000 
         
Right-of-use assets, net          
At cost   1,659    1,477 
           
Right-of-use assets, gross    1,659    1,477 
Less: Accumulated amortization   (1,002)   (805)
           
Right-of-use assets, net    657    672 
SCHEDULE OF LEASE LIABILITIES

Lease liabilities for the amount recognized in the consolidated balance sheet in the table below:

 

Finance lease liabilities

 

   2025   2024 
   As of December 31, 
   2025   2024 
   $’000   $’000 
         
Within 1 year   80    103 
More than 1 year   153    209 
Total future lease payment   233    312 
Less: Imputed interest   (23)   (36)
           
Present value of finance lease liabilities   210    276 
           
Representing          
Current liabilities   70    88 
Non-current liabilities   140    188 
           
Finance lease liabilities    210    276 

 

Operating lease liabilities

 

   2025   2024 
   As of December 31, 
   2025   2024 
   $’000   $’000 
         
Present value of operating lease liabilities   684    718 
           
Representing          
Current liabilities   176    334 
Non-current liabilities   508    384 
           
Operating lease liabilities    684    718 
SCHEDULE OF FUTURE LEASE PAYMENTS, EXCLUDING SHORT-TERM LEASES

Future lease payments, excluding short-term leases, as of December 31, 2025 and 2024, are detailed as follows:

 

   As of December 31, 
   2025   2024 
   $’000   $’000 
         
Within 1 year          
- finance lease liabilities   70    88 
- operating lease liabilities   176    334 
           
    246    422 
           
More than 1 year          
- finance lease liabilities   140    188 
- operating lease liabilities   508    384 
           
    648    572 
           
    894    994 
SCHEDULE OF FUTURE CONTRACTUAL LEASE PAYMENTS

The below table summarizes our (i) minimum lease payments over the next five financial years, (ii) lease arrangement implied interest, and (iii) present value of future lease payments for the financial years ending December 31:

 

   Finance lease liabilities   Operating lease liabilities 
   $’000   $’000 
         
Financial years ending December 31,          
2026   80    177 
2027   60    109 
2028   39    38 
2029   35    9 
2030   19    10 
Over 2030   -    341 
Total future lease payment   233    684 
Less: Imputed interest   (23)   - 
           
Present value of finance lease liabilities   210    684