v3.26.3
RIGHT-OF-USE ASSETS, NET (Tables)
 6 Months Ended
Jun. 30, 2026
Right-of-use Assets Net  
SCHEDULE OF FINANCIAL LEASE ARRANGEMENTS

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

 

SCHEDULE OF FINANCIAL LEASE ARRANGEMENTS 

  

As of

June 30, 2026

  

As of

December 31, 2025 

 
   $’000   $’000 
         
At cost        
Motor vehicles   1,031    979 
           
Finance Lease Right of Use Asset Gross   1,031    979 
Less: accumulated depreciation   (742)   (701)
           
Motor vehicles, net   289    277 
SCHEDULE OF RIGHT OF USE ASSETS

Right-of-use assets consisted of the following:

 

   $’000   $’000 
  

As of

June 30, 2026

  

As of

December 31, 2025 

 
   $’000   $’000 
         
Right-of-use assets, net          
At cost   2,904    1,659 
           
Right-of-use assets, gross   2,904    1,659 
Less: Accumulated amortization   (739)   (1,002)
           
Right-of-use assets, net   2,165    657 
SCHEDULE OF LEASE LIABILITIES

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

 

SCHEDULE OF LEASE LIABILITIES 

Finance lease liabilities

 

  

As of

June 30, 2026

  

As of

December 31, 2025

 
   $’000   $’000 
         
Within 1 year   88    80 
More than 1 year   175    153 
Total future lease payment   263    233 
Less: Imputed interest   (31)   (23)
           
Present value of finance lease liabilities   232    210 
           
Representing          
Current liabilities   76    70 
Non-current liabilities   156    140 
           
Finance lease liabilities   232    210 

 

Operating lease liabilities

 

  

As of

June 30, 2026

  

As of

December 31, 2025 

 
   $’000   $’000 
         
Within 1 year   963    176 
More than 1 year   1,260    508 
           
Present value of operating lease liabilities   2,223    684 
           
Representing          
Current liabilities   963    176 
Non-current liabilities   1,260    508 
           
Operating lease liabilities   2,223    684 
SCHEDULE OF LEASE LIABILITIES

Future lease payments, excluding short-term leases, as of June 30, 2026 and December 31, 2025 are detailed as follows:

 

 SCHEDULE OF LEASE LIABILITIES

  

As of

June 30, 2026

  

As of

December 31, 2025 

 
   $’000   $’000 
         
Within 1 year          
- finance lease liabilities   76    70 
- operating lease liabilities   963    176 
           
Current lease liabilities   1,039    246 
           
More than 1 year          
- finance lease liabilities   156    140 
- operating lease liabilities   1,260    508 
           
Non-current lease liabilities   1,416    648 
           
Lease liabilities   2,455    894 
SCHEDULE OF FUTURE LEASE PAYMENTS

The below table summarizes our (i) minimum lease payments over the next five periods, (ii) lease arrangement implied interest, and (iii) present value of future lease payments for the period ending June 30:

 

SCHEDULE OF FUTURE LEASE PAYMENTS 

   Finance lease liabilities   Operating lease liabilities 
   $’000   $’000 
         
Financial years ending December 31,          
2026   88    963 
2027   52    726 
2028   49    181 
2029   38    10 
2030   19    10 
Over 2030   17    333 
Total future lease payment   263    2,223 
Less: Imputed interest   (31)   - 
           
Present value of finance lease liabilities   232    2,223