| TRADE AND OTHER PAYABLES |
| 11. |
TRADE AND OTHER PAYABLES |
| | |
As of
June 30,
2026
(Unaudited) | | |
As of
December 31,
2025 | |
| | |
$ | | |
$ | |
| Trade payables: | |
| | |
| |
| Amount due to third parties | |
| 1,085,107 | | |
| 2,673,054 | |
| | |
| | | |
| | |
| Other payables: | |
| | | |
| | |
| Accrued payroll and pension | |
| 1,266,390 | | |
| 3,054,727 | |
| Accrued operating expenses | |
| 666,124 | | |
| 500,240 | |
| Loan from a third party * | |
| 38,256 | | |
| 506,191 | |
| GST payables | |
| 467,576 | | |
| 1,716,568 | |
| Provision for taxation | |
| 158,455 | | |
| 181,756 | |
| Unpaid consideration for acquisition of subsidiaries | |
| 527,851 | | |
| 1,452,746 | |
| Amount due to directors of subsidiaries ** | |
| 50,823 | | |
| 361,633 | |
| Others | |
| 312,069 | | |
| 390,610 | |
| Total trade and other payables | |
| 4,572,651 | | |
| 10,837,525 | |
These amounts are non-interest bearing except a third-party loan mentioned below. Trade payables are normally settled on 90 days’ terms.
| * | The balance as of June 30, 2026 represents a loan from a
third party amounting to MYR155,706 equaling $38,256 which is interest-free per annum and repayable on demand. |
The balance as of December 31, 2025 represents a loan from a third party amounting to S$650,000 equalling to $506,191 which is interest-bearing at 8% per annum and repayable on demand.
| ** | The amount represents non-trade balances that are unsecured,
interest-free and repayable on demand. |
|