| PROPERTY, PLANT AND EQUIPMENT |
NOTE
8 – PROPERTY, PLANT AND EQUIPMENT
A
summary of property, plant and equipment at June 30, 2026 and 2025 is as follows:
SCHEDULE OF PROPERTY PLANT AND EQUIPMENT
| | |
2026 | | |
2025 | |
| | |
As
of June 30, | |
| | |
2026 | | |
2025 | |
| Plant and machinery | |
$ | 2,056,949 | | |
$ | 1,843,774 | |
| Office equipment | |
| 6,239 | | |
| 6,161 | |
| Computers | |
| 15,837 | | |
| 14,233 | |
| Motor vehicles | |
| 4,730 | | |
| 4,240 | |
| Furniture and fittings | |
| 4,932 | | |
| 4,421 | |
| Renovation | |
| 4,943 | | |
| 4,431 | |
| Gross Total | |
| 2,093,630 | | |
| 1,877,260 | |
| Less: accumulated depreciation | |
| (747,622 | ) | |
| (480,820 | ) |
| Foreign exchange adjustment | |
| 60,676 | | |
| 178,544 | |
| Total
Property, plant and equipment | |
$ | 1,406,684 | | |
$ | 1,574,984 | |
| |
● |
Depreciation expense:
For the years ended June 30, 2026 and 2025, $228,976 and $248,940, respectively. |
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|
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Impairment losses: There
were no impairment losses for the year ended June 30, 2026. Impairment losses of $137,632 for the year ended June 30, 2025 related
to assets intended to be disposed and transferred to assets held for disposal at net carrying values of $350,000. |
| |
|
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● |
Write-offs of plant and
machinery: There was no write off of plant and machinery for the years ended June 30, 2026 and 2025. |
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