Deferred Taxation (Tables)

12 Months Ended

Dec. 31, 2023

Deferred Taxation [Abstract]

Schedule of Deferred Tax Liabilities

The movements in deferred tax assets/(liabilities) during the year are as follows:

	Provision for defined benefit obligations			Fair value adjustments arising from acquisition of a subsidiary			Depreciation allowance in excess of related depreciation			Right-of-use assets			Total
	US$			US$			US$			US$			US$
At December 31, 2021	(8,601)			(284,338)			(3,596)			-			(296,535)
Effect of adoption of amendments to IAS 12		-			-			-			(71,874	)		(71,874	)
At January 1, 2022 (restated)		(8,601	)		(284,338	)		(3,596	)		(71,874	)		(368,409	)
Deferred tax credited/(charged) to profit or loss (restated)		-			281,791			(1,496	)		(50,682	)		229,613
Deferred tax charged to other comprehensive (loss)/income		(23,148	)		-			-			-			(23,148	)
Exchange realignment (restated)		1,290			2,547			11			(522	)		3,326
Gross deferred tax liabilities at December 31, 2022 and January 1, 2023 (restated)		(30,459	)		-			(5,081	)		(123,078	)		(158,618	)
Deferred tax credited to profit or loss		-			-			1,360			68,519			69,879
Deferred tax credited to other comprehensive (loss)/income		4,920			-			-			-			4,920
Exchange realignment		(16	)		-			4			(449	)		(461	)
Gross deferred tax liabilities at December 31, 2023		(25,555	)		-			(3,717	)		(55,008	)		(84,280	)

Schedule of Deferred Tax Assets

Deferred tax assets

	Lease liabilities
	US$
At January 1, 2021		-
Effect of adoption of amendments to IAS 12		71,874
At January 1, 2022 (restated)		71,874
Deferred tax credited to profit or loss (restated)		50,682
Exchange realignment (restated)		522
Gross deferred tax assets at December 31, 2022 and January 1, 2023 (restated)		123,078
Deferred tax charged to profit or loss		(68,519	)
Exchange realignment		449
Gross deferred tax assets at December 31, 2023		55,008

Schedule of Analysis of the Deferred Tax Balances

The following is an analysis of the deferred tax balances of the Group for financial reporting purposes:

	2023		2022
	US$		US$
Net deferred tax assets recognized in the consolidated statement of financial position		-		-
Net deferred tax liabilities recognized in the consolidated statement of financial position		29,272		35,540