Provisions (Tables)
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12 Months Ended |
Dec. 31, 2025 |
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| Provisions [Abstract] |
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| Schedule of Provisions |
| | | 2025 | | | 2024 | | | | | US$ | | | US$ | | | Provision for reinstatement costs | | | 44,502 | | | | 71,274 | | | Provision for defined benefit obligations | | | 141,489 | | | | 185,274 | | | As at December 31 | | | 185,991 | | | | 256,548 | | | Provision for reinstatement costs | | | | | | | | | | As at January 1 | | | 71,274 | | | | 71,872 | | | Additional provision | | | - | | | | 3,855 | | | Reversal of provision | | | (30,769 | ) | | | (5,781 | ) | | Increase in discounted amounts arising from the passage of time | | | 224 | | | | 1,772 | | | Exchange realignment | | | 3,773 | | | | (444 | ) | | As at December 31 | | | 44,502 | | | | 71,274 | | | Portion classified as current liabilities | | | (44,502 | ) | | | (71,274 | ) | | Non-current portion | | | - | | | | - | |
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| Schedule of Principal Actuarial Assumptions |
The principal actuarial assumptions used as at the end of the reporting period are as follows: | | | 2025 | | | 2024 | | | Discount rate (%) | | | 6.59 | | | | 6.07 - 6.08 | | | Expected rate of salary increases (%) | | | 6.00 | | | | 6.00 | |
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| Schedule of Analysis for Significant assumptions |
A quantitative sensitivity analysis for significant assumptions as at the end of the reporting period is shown below: | | | | | | Increase/ | | | | | | Increase/ | | | | | | | | (decrease) | | | | | | (decrease) | | | | | | | | in defined | | | | | | in defined | | | | | Increase | | | benefit | | | Decrease | | | benefit | | | | | in rate | | | obligations | | | in rate | | | obligations | | | | | % | | | US$ | | | % | | | US$ | | | 2025 | | | | | | | | | | | | | | Discount rate | | | 1 | | | | (26,792 | ) | | | 1 | | | | 33,907 | | | Future annual salary increases | | | 1 | | | | 33,761 | | | | 1 | | | | (27,152 | ) | | 2024 | | | | | | | | | | | | | | | | | | Discount rate | | | 1 | | | | (33,908 | ) | | | 1 | | | | 43,318 | | | Future annual salary increases | | | 1 | | | | 42,894 | | | | 1 | | | | (34,214 | ) |
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| Schedule of Total Expenses Recognized in the Consolidated Statements of Loss and Other Comprehensive Income/(loss) |
The total expenses recognized in the consolidated statements of loss and other comprehensive income/(loss) in respect of the plan are as follows: | | | 2025 | | | 2024 | | | 2023 | | | | | US$ | | | US$ | | | US$ | | | Current service cost | | | 51,272 | | | | 67,548 | | | | 49,109 | | | Interest cost | | | 11,330 | | | | 11,583 | | | | 7,563 | | | Net benefit expenses recognized in general, administrative and other operating expenses | | | 62,602 | | | | 79,131 | | | | 56,672 | |
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| Schedule of Defined Benefit Obligations Classified as Non-Current Liabilities |
The movements in the defined benefit obligations classified as non-current liabilities are as follows: | | | 2025 | | | 2024 | | | | | US$ | | | US$ | | | At January 1 | | | 185,274 | | | | 194,260 | | | Current service cost | | | 51,271 | | | | 67,548 | | | Interest cost | | | 11,330 | | | | 11,583 | | | Benefits paid | | | (17,726 | ) | | | (74,016 | ) | | Remeasurement losses/(gains) debited/(credited) to other comprehensive income/(loss) arising from: | | | | | | | | | | Changes in financial assumptions | | | (16,967 | ) | | | 4,147 | | | Experience adjustments | | | (69,520 | ) | | | (19,632 | ) | | Exchange realignment | | | (2,173 | ) | | | 1,384 | | | At December 31 | | | 141,489 | | | | 185,274 | |
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