Property and Equipment, Net

12 Months Ended

Jun. 30, 2023

Property, Plant and Equipment [Abstract]

NOTE 6 – PROPERTY AND EQUIPMENT, NET

Property and equipment consist of the following:


	Office Equipment			Total
Cost
At July 1, 2021	$	15,453			15,453
Additions		3,888			3,888
Effects of movements in exchange rates		(210	)		(210	)
At June 30, 2022		19,131			19,131
Additions		8,888			8,888
Disposal		(703	)		(703	)
Effects of movements in exchange rates		948			948
At June 30, 2023		28,264			28,264

Accumulated depreciation
At July 1, 2021	$	5,209			5,209
Depreciation for the year		3,447			3,447
Effects of movements in exchange rates		(132	)		(132	)
At June 30, 2022		8,524			8,524
Depreciation for the year		4,855			4,855
Disposal		(442	)		(442	)
Effects of movements in exchange rates		336			336
At June 30, 2023		13,273			13,273

Carrying amounts
At July 1, 2021	$	10,244		$	10,244


At June 30, 2022	$	10,607	$	10,607
At June 30, 2023	$	14,991	$	14,991

Depreciation expense for the year ended June 30, 2023 and 2022 was $4,855 and $3,447, respectively.

During the year ended June 30, 2023, the Company purchased assets of $8,888 (S$12,399) and disposed of assets of $703 (S$952). During the year ended June 30, 2022, the Company purchased assets of $3,888 (S$5,345).