| Schedule of Impairment Testing Goodwill |
For the purpose of impairment testing, goodwill has been
allocated to the Group’s cash-generating units ("CGUs") as follows:
| | |
As of
June 30,
2026
(Unaudited) | | |
As of
December 31,
2025 | |
| | |
$ | | |
$ | |
| CGUs: | |
| | |
| |
| Transocean Oil Pte. Ltd. ("Transocean") | |
| 5,551,429 | | |
| 5,551,429 | |
| YY Circle (HK) Pte Limited ("YYC HK") | |
| 2,260,054 | | |
| 2,260,054 | |
| YY Circle (Thailand) Company Limited ("YYC TH") | |
| 2,166,835 | | |
| 2,166,835 | |
| Property Facility Services Pte. Ltd. ("PFS") | |
| 644,292 | | |
| 644,292 | |
| | |
| 10,622,610 | | |
| 10,622,610 | |
| Multiple units without significant goodwill | |
| 737,393 | | |
| 737,393 | |
| | |
| 11,360,003 | | |
| 11,360,003 | |
| Impairment of goodwill - Transocean | |
| (5,551,429 | ) | |
| (5,551,429 | ) |
| Goodwill, net | |
| 5,808,574 | | |
| 5,808,574 | |
|
| Schedule of Key Assumptions Used Estimation |
The key assumptions used in the estimation
of the recoverable amount are set out below. The values assigned to the key assumptions represent management’s assessment of future
trends in the relevant industries and have been based on historical data from both external and internal sources.
| | |
As of
June 30,
2026
(Unaudited) | | |
As of
December 31,
2025 | |
| | |
$ | | |
$ | |
| In percent | |
| | |
| |
| Pre-tax discount rate | |
| 14.82 | | |
| 15.50 | |
| Budgeted revenue growth rate (average of next five years) | |
| 5.00 | | |
| 3.60 | |
| Terminal value growth rate | |
| 1.60 | | |
| 1.60 | |
| | |
Change required for carrying amount
to equal recoverable amount | |
| | |
As of
June 30,
2026
(Unaudited) | | |
As of
December 31,
2025 | |
| | |
$ | | |
$ | |
| In percent | |
| | |
| |
| Discount rate | |
| 2.80 | | |
| 23.46 | |
| Budgeted revenue growth rate (average of next five years) | |
| (6.15 | ) | |
| (25.13 | ) |
|