XML 81 R45.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2023
Financial Instruments [Abstract]  
Schedule of Trade Receivables and Prepayments and Other Current Assets The aging of trade receivables and prepayments and other current assets were as follows:
   Total   Current
(≤ 30 days)		   31-60 days   61-90 days   ≥91 days 
Trade receivables   4,155,737    3,420,967    439,602    104,473    190,695 
As at December 31, 2022   4,155,737    3,420,967    439,602    104,473    190,695 
                          
Trade receivables   7,037,942    5,767,145    625,375    238,034    407,388 
As at December 31, 2023   7,037,942    5,767,145    625,375    238,034    407,388 
Schedule of Credit Risk for Trade Receivables The exposure to credit risk for trade receivables at the reporting date by geographic region was as follows:
   Net carrying amount as at
December 31,		 
   2023   2022 
   USD   USD 
Singapore   6,130,586    3,964,711 
Malaysia   907,356    191,026 
Total   7,037,942    4,155,737 
Schedule of Contractual Maturities of Financial Liabilities The following are the contractual maturities of financial liabilities considered in the context of the Group’s liquidity risk management strategy. The amounts are gross and undiscounted and include contractual interest payments.
For the years ending December 31,  2024   2025   2026   2027   2028   Thereafter   Total   Imputed
interests		   Carrying
amount
as of
December 31,
2023		 
   USD   USD   USD   USD   USD   USD   USD   USD   USD 
Financial liabilities                                    
Guaranteed bank loans   762,332    398,609    119,429    27,856    10,119       –    1,318,345    77,822    1,240,523 
Trade and other payables   2,996,636    –    –    –    –    –    2,996,636    -    2,996,636 
Lease obligation   74,536    14,014    1,544    –    –    –    90,094    5,772    84,322 
Total contractual obligations   3,833,504    412,623    120,973    27,856    10,119    –    4,405,075    83,594    4,321,481 
Schedule of Level 3 Fair Values for the Convertible Loan The following table show the valuation techniques used in measuring Level 3 fair values for the convertible loan in the statement of financial position, as well as the significant unobservable inputs used.
    Valuation technique   Significant
unobservable inputs		   Inter-relationship
between significant
unobservable inputs
Liability            
Convertible loan   Discounted cash flows: The valuation model considers the present value of expected payments, discounted using a risk-adjusted discount rate.   The interest rate for the long-term borrowings without conversion right, which is 8.26% assessed by the management.   The interest rate will impact the cash flow for the following periods