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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Cash flows from operating activities:    
Net loss $ (174,525) $ (153,892)
Adjustments to reconcile net profit/(loss) to net cash generated from/(used in) operating activities:    
Depreciation of property, plant and equipment 30,567 31,295
Amortization of right of use asset 8,210 0
Loss on other investment 9,948 0
Operating loss before working capital changes (125,800) (122,597)
Changes in operating assets and liabilities:    
Inventories (11,585) 3,484
Other receivables and deposits (790) (3,879)
Trade and other payables (9,383) (35,919)
Operating lease liability (7,351) 0
Cash used in operating activities (154,909) (158,911)
Cash flows from investing activities:    
Purchase of plant and equipment 0 (5,672)
Net cash used in investing activities 0 (5,672)
Cash flows from financing activities:    
Repayment of finance lease (5,901) (13,453)
Advance/(Repayments) to Directors 302 (880)
Shares cancellation 0 (93,000)
Net cash used in financing activities (5,599) (107,333)
Foreign currency translation adjustment (11,365) (11,174)
NET CHANGE IN CASH AND CASH EQUIVALENTS (171,873) (283,090)
CASH AND CASH EQUIVALENTS, BEGINNING OF FINANCIAL YEAR 366,038 1,260,239
CASH AND CASH EQUIVALENTS, END OF FINANCIAL YEAR 264,519 977,149
CASH AND CASH EQUIVALENTS INFORMATION:    
Fixed deposits placed with financial institutions 422,684 606,633
Cash at bank 264,519 370,516
Cash and cash equivalents, end of financial year 687,203 977,149
Supplementary cash flow information:    
Interest paid (1,480) (2,295)
Income taxes refunded/(paid) $ 3,531 $ (4,137)