Provision for Employee Benefits

6 Months Ended

12 Months Ended

Jun. 30, 2019

Dec. 31, 2018

Provision for Employee Benefits [Abstract]

PROVISION FOR EMPLOYEE BENEFITS

15. PROVISION FOR EMPLOYEE BENEFITS

The Company operates a defined benefit plan based on the requirement of the Thailand Labor Protection Act B.E.2541 (1988) to provide retirement benefits to employees based on pensionable remuneration and length of service which are considered as unfunded. There were no plan assets set up and the Company will pay the benefits when required.

	PROVISION FOR EMPLOYEE BENEFITS
Defined benefit obligations at 31 December 2018	$	5,619,337
Estimate for the six months period		517,557
Defined benefit obligations at 30 June 2019 (Unaudited)	$	6,136,894

15. PROVISION FOR EMPLOYEE BENEFITS

The Company operates a defined benefit plan based on the requirement of the Thailand Labor Protection Act B.E.2541 (1988) to provide retirement benefits to employees based on pensionable remuneration and length of service which are considered as unfunded. There were no plan assets set up and the Company will pay benefit when needed.

Movement in the present value of the defined benefit obligation:

	31 December
	2018			2017
Defined benefit obligations at 1 January	$	5,229,340		$	3,830,460
Benefits paid during the year		(343,944	)		(381,229	)
Current service costs		674,360			517,058
Interest		128,509			114,441
Past service cost and loss on settlement		36,907			594,541
Actuarial (losses) gains recognized in the income statement		(123,997	)		161,519
Exchange differences		18,162			392,550
Defined benefit obligations at 31 December	$	5,619,337		$	5,229,340