| INTANGIBLE ASSETS, NET |
The
Group currently owns certain natural forest concessions and cutting rights for the exploitation of timbers on parcels of land in Peru,
which are subject to compliance of certain laws and regulations in Peru. The timber concessions and cutting rights have finite useful
lives ranging from 23 to 40 years.
SCHEDULE OF INTANGIBLE ASSETS
| | |
Timber concession and cutting rights | | |
Others | | |
Total | |
| | |
USD | | |
USD | | |
USD | |
| Cost: | |
| | | |
| | | |
| | |
| At January 1, 2024, December 31, 2024 and January 1, 2025 | |
| 25,939,922 | | |
| 58,226 | | |
| 25,998,148 | |
| Charge for the year | |
| | | |
| | | |
| | |
| Charge for the year | |
| | | |
| | | |
| | |
| Exchange difference | |
| | | |
| | | |
| | |
| Disposal of subsidiaries | |
| (25,939,922 | ) | |
| (58,226 | ) | |
| (25,998,148 | ) |
| Disposal of subsidiaries | |
| | | |
| | | |
| | |
| At December 31, 2025 | |
| - | | |
| - | | |
| - | |
| | |
| | | |
| | | |
| | |
| Accumulated amortization: | |
| | | |
| | | |
| | |
| At January 1, 2024 | |
| (5,451,285 | ) | |
| (29,924 | ) | |
| (5,481,209 | ) |
| Charge for the year | |
| (948,112 | ) | |
| (6,486 | ) | |
| (954,598 | ) |
| Exchange difference | |
| - | | |
| (160 | ) | |
| (160 | ) |
| At December 31, 2024 and January 1, 2025 | |
| (6,399,397 | ) | |
| (36,570 | ) | |
| (6,435,967 | ) |
| Charge for the year | |
| (381,029 | ) | |
| (4,297 | ) | |
| (385,326 | ) |
| Disposal of subsidiaries | |
| 6,780,426 | | |
| 40,867 | | |
| 6,821,293 | |
| At December 31, 2025 | |
| - | | |
| - | | |
| - | |
| | |
| | | |
| | | |
| | |
| Accumulated impairment: | |
| | | |
| | | |
| | |
| At January 1, 2024 | |
| - | | |
| - | | |
| - | |
| Charge for the year | |
| (3,643,422 | ) | |
| - | | |
| (3,643,422 | ) |
| At December 31, 2024 and January 1, 2025 | |
| (3,643,422 | ) | |
| - | | |
| (3,643,422 | ) |
| Intangible assets, Beginning balance | |
| (3,643,422 | ) | |
| - | | |
| (3,643,422 | ) |
| Charge for the year | |
| (4,022,938 | ) | |
| - | | |
| (4,022,938 | ) |
| Disposal of subsidiaries | |
| 7,666,360 | | |
| - | | |
| 7,666,360 | |
| At December 31, 2025 | |
| - | | |
| - | | |
| - | |
| Intangible assets, Ending balance | |
| - | | |
| - | | |
| - | |
| | |
| | | |
| | | |
| | |
| Net book value: | |
| | | |
| | | |
| | |
| At December 31, 2024 | |
| 15,897,103 | | |
| 21,656 | | |
| 15,918,759 | |
| At December 31, 2025 | |
| - | | |
| - | | |
| - | |
| Intangible assets, Ending balance | |
| - | | |
| - | | |
| - | |
|