| SCHEDULE OF BANK AND OTHER BORROWINGS |
SCHEDULE OF BANK AND OTHER BORROWINGS
| | |
| |
June 30, 2026 | | |
December 31, 2025 | |
| | |
| |
USD | | |
USD | |
| | |
| |
| | |
| |
| (a) | |
Bank borrowings (Note (i)) | |
| | | |
| | |
| | |
Bank overdrafts - variable rate | |
$ | 1,474,292 | | |
$ | 1,371,598 | |
| | |
Bank borrowings - fixed rate | |
| 2,053,673 | | |
| 2,121,080 | |
| | |
Bank borrowings - variable rate | |
| - | | |
| 2,130,248 | |
| | |
| |
| 3,527,965 | | |
| 5,622,926 | |
| | |
| |
| | | |
| | |
| | |
Secured bank borrowings (Note (ii)) | |
| 3,527,965 | | |
| 5,622,926 | |
| | |
Unsecured bank borrowings | |
| - | | |
| - | |
| | |
Total | |
| 3,527,965 | | |
| 5,622,926 | |
| | |
| |
| | | |
| | |
| | |
The carrying amounts of the above borrowings are repayable: | |
| | | |
| | |
| | |
Within one year | |
| 3,527,965 | | |
| 5,622,926 | |
| | |
Total | |
| 3,527,965 | | |
| 5,622,926 | |
| | |
| |
| | | |
| | |
| | |
Less: Amounts due within one year shown under current liabilities: | |
| (3,527,965 | ) | |
| (5,622,926 | ) |
| | |
Amounts shown under non-current liabilities: | |
| - | | |
| - | |
| | |
| |
| | | |
| | |
| (b) | |
Other borrowings (Note (iii)) | |
| | | |
| | |
| | |
Unsecured other borrowings - fixed rate | |
| 489,850 | | |
| 356,431 | |
| | |
Total | |
| 489,850 | | |
| 356,431 | |
Note:
| |
(i) |
Bank
borrowings carry a weighted average effective interest rate at 4% (2025: 4%). |
| |
(ii) |
Secured
bank borrowings were pledged by the personal guarantee and the private real estate properties owned by our former shareholders. |
| |
(iii) |
Included
in other borrowings, a principal amount of USD489,850 (2025: USD356,431) was unsecured, interest bearing at 3.6% to 8.0% p.a. (2025:
interest free or interest bearing at 3.6% p.a). USD77,152 were repayable between one to two years, all remaining balances were repayable
within one year after the end of the reporting period. |
|