| PROPERTY AND EQUIPMENT |
| | i) | Reconciliation of carrying amount |
| | |
Cleaning machinery | | |
Computers-
hardware & software | | |
Furniture and fittings | | |
Renovation | | |
Office equipment | | |
Sub-total | |
| | |
USD | | |
USD | | |
USD | | |
USD | | |
USD | | |
USD | |
| Cost | |
| | |
| | |
| | |
| | |
| | |
| |
| Balance at December 31, 2023 | |
| 1,087,463 | | |
| 324,232 | | |
| 47,481 | | |
| 78,475 | | |
| 12,693 | | |
| 1,550,344 | |
| Additions | |
| 38,394 | | |
| 3,940 | | |
| - | | |
| 53,618 | | |
| 5,293 | | |
| 101,245 | |
| Effect of movements in exchange rates | |
| (33,337 | ) | |
| (9,808 | ) | |
| (1,456 | ) | |
| (2,406 | ) | |
| (389 | ) | |
| (47,396 | ) |
| Balance at 31 December, 2024 | |
| 1,092,520 | | |
| 318,364 | | |
| 46,025 | | |
| 129,687 | | |
| 17,597 | | |
| 1,604,193 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Additions | |
| 232,103 | | |
| 144,567 | | |
| - | | |
| 2,557 | | |
| - | | |
| 379,227 | |
| Business combination | |
| - | | |
| 17,180 | | |
| 2,820 | | |
| 36,603 | | |
| 85,631 | | |
| 142,234 | |
| Disposal | |
| - | | |
| (142,662 | ) | |
| (47,953 | ) | |
| (98,097 | ) | |
| (10,970 | ) | |
| (299,682 | ) |
| Effect of movements in exchange rates | |
| 68,721 | | |
| 19,213 | | |
| 1,975 | | |
| 6,708 | | |
| 2,295 | | |
| 98,912 | |
| Balance at December 31, 2025 | |
| 1,393,344 | | |
| 356,662 | | |
| 2,867 | | |
| 77,458 | | |
| 94,553 | | |
| 1,924,884 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Accumulated depreciation | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Balance at December 31, 2023 | |
| 753,803 | | |
| 289,271 | | |
| 47,481 | | |
| 78,475 | | |
| 12,693 | | |
| 1,181,723 | |
| Additions | |
| 105,259 | | |
| 16,962 | | |
| - | | |
| 11,938 | | |
| 149 | | |
| 134,308 | |
| Effect of movements in exchange rates | |
| (24,834 | ) | |
| (9,311 | ) | |
| (1,456 | ) | |
| (2,601 | ) | |
| (392 | ) | |
| (38,594 | ) |
| Balance at December 31, 2024 | |
| 834,228 | | |
| 296,922 | | |
| 46,025 | | |
| 87,812 | | |
| 12,450 | | |
| 1,277,437 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Additions | |
| 134,290 | | |
| 89,611 | | |
| - | | |
| 13,122 | | |
| 1,839 | | |
| 238,862 | |
| Business combination | |
| - | | |
| 8,800 | | |
| 902 | | |
| 28,417 | | |
| 53,956 | | |
| 92,075 | |
| Disposal | |
| - | | |
| (142,662 | ) | |
| (47,953 | ) | |
| (85,536 | ) | |
| (10,970 | ) | |
| (287,121 | ) |
| Effect of movements in exchange rates | |
| 51,754 | | |
| 16,878 | | |
| 1,943 | | |
| 4,474 | | |
| 1,490 | | |
| 76,539 | |
| Balance at December 31, 2025 | |
| 1,020,272 | | |
| 269,549 | | |
| 917 | | |
| 48,289 | | |
| 58,765 | | |
| 1,397,792 | |
| | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| Carrying amounts | |
| | | |
| | | |
| | | |
| | | |
| | | |
| | |
| At December 31, 2024 | |
| 258,292 | | |
| 21,442 | | |
| - | | |
| 41,875 | | |
| 5,147 | | |
| 326,756 | |
| At December 31, 2025 | |
| 373,072 | | |
| 87,113 | | |
| 1,950 | | |
| 29,169 | | |
| 35,788 | | |
| 527,092 | |
| |
ii) |
Depreciation
of property and equipment |
Property
and equipment are depreciated on a straight-line basis over the estimated useful lives, after taking into account the estimated residual
value. Management reviews the estimated useful lives and residual value of the assets annually in order to determine the amount of depreciation
expense to be recorded during any reporting year. The depreciation expense recorded for the year is $ 238,861 (2024: $134,308 and 2023:
$122,695).
The
reviews performed in 2025 and 2024 and 2023 did not result in any changes in estimated useful life or residual value.
|