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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Dec. 31, 2019
Cash flows from operating activities:            
Net loss $ (66,537) $ (47,953) $ (70,398) $ (114,490) $ (131,865) $ (246,469)
Adjustments to reconcile net profit/(loss) to net cash generated from/(used in) operating activities:            
Depreciation of property, plant and equipment       20,259 20,954  
Amortization of right of use asset       5,171 0 11,618
Loss on other investment       9,890 0  
Operating loss before working capital changes       (79,170) (110,911)  
Changes in operating assets and liabilities:            
Inventories       (13,517) 9,360  
Other receivables and deposits       (110) (1,637)  
Trade and other payables       (608) 1,692  
Operating lease liability       (4,536) 0  
Cash used in operating activities       (97,941) (101,496)  
Cash flows from investing activities:            
Purchase of plant and equipment       0 (9,204)  
Net cash used in investing activities       0 (9,204)  
Cash flows from financing activities:            
Repayment of finance lease       (7,604) (7,919)  
Repayments to Directors       (371) (782)  
Net cash used in financing activities       (7,975) (8,701)  
Foreign currency translation adjustment       (24,670) (451)  
NET CHANGE IN CASH AND CASH EQUIVALENTS       (130,586) (119,852)  
CASH AND CASH EQUIVALENTS, BEGINNING OF FINANCIAL YEAR   $ 859,076   859,076 1,260,239 1,260,239
CASH AND CASH EQUIVALENTS, END OF FINANCIAL YEAR $ 728,490   $ 1,140,387 728,490 1,140,387 $ 859,076
CASH AND CASH EQUIVALENTS INFORMATION:            
Fixed deposits placed with financial institutions       478,357 612,139  
Cash at bank       250,133 528,248  
Cash and cash equivalents, end of financial year       728,490 1,140,387  
Supplementary cash flow information:            
Interest paid       (1,361) (1,491)  
Income taxes refunded/(paid)       $ 3,214 $ (1,035)