NOTE 11. TANGIBLE ASSETS

3 Months Ended

Mar. 31, 2023

Property, Plant and Equipment [Abstract]

NOTE 11. TANGIBLE ASSETS

NOTE 11. TANGIBLE ASSETS

Particulars	March 31, 2023		December 31, 2022
Tangible Assets:
Land and Building		17,390,196		17,390,067
Plant and machinery		1,711,483		—
Furniture, Fixtures and Fittings		213,189		63,712
Vehicles		64,375		70,326
Computer and computer Equipment		27,269		31,067
Office Equipment		907		1,248
Capital WIP		2,292,846		28,903
TOTAL		21,700,264		21,017,415

Property, Plant and Equipment

Property, Plant and Equipment is recorded at cost, except when acquired in a business combination where property, plant and equipment are recorded at fair value. Depreciation of property, plant and equipment is recognized over the estimated useful lifespan of the respective assets using the straight-line method.

The estimated useful lifespans are as follows:

	Years
Buildings, related improvements & land improvements	5-25
Machinery & Equipment	3-15
Computer hardware & software	3-10
Furniture & Fixtures	3-15

Expenditure that extends the useful lifespan of existing property, plant and equipment are capitalized and depreciated over the remaining useful lifespan of the related asset. Expenditure for repairs and maintenance are expensed as incurred. When property, plant and equipment are retired or sold, the cost and related accumulated depreciation is removed from the Company’s balance sheet, with any gain or loss reflected in operations.