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Financial Instruments (Tables) | 6 Months Ended
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Jun. 30, 2024
Financial Instruments [Abstract] |
Schedule of Financial Instruments by Category | a)Financial instruments by category
|  | June 30, 2024 |  |  | December 31, 2023 |
Financial assets |  |  |  |  |  |  |  |
Financial assets at fair value through profit or loss |  | $ | 1,544,045 |  |  | $ | 995,101 |
Financial assets at amortized cost (Note) |  |  | 63,346,977 |  |  |  | 48,839,518 |
|  | $ | 64,891,022 |  |  | $ | 49,834,619 |
|  | June 30, 2024 |  |  | December 31, 2023 |
Financial liabilities |  |  |  |  |  |  |  |
Financial liabilities at amortized cost (Note) |  | $ | 33,674,346 |  |  | $ | 42,216,345 |
Warrant liabilities |  |  | 5,490,903 |  |  |  | 6,221,482 |
Convertible preference share liabilities |  |  | 14,570,968 |  |  |  | 7,767,238 |
|  | $ | 53,736,217 |  |  | $ | 56,205,065 |
Note: | Financial assets at amortized cost include cash and cash equivalents, financial assets at amortized cost, accounts receivable, other receivables and guarantee deposits. Financial liabilities at amortized cost include short-term borrowings, notes and accounts payable, other payables and long-term borrowings (including current portion).
Schedule of Assets and Liabilities Denominated in Foreign Currencies | The information on assets and liabilities denominated in foreign currencies whose values would be materially affected by the exchange rate fluctuations is as follows:
|  | June 30, 2024 |
|  | Foreign currency amount (in thousands) |  |  | Exchange rate |  |  | Book value (USD) |
(Foreign currency: functional currency) |  |  |  |  |  |  |  |  |
Financial assets |  |  |  |  |  |  |  |  |
Monetary items |  |  |  |  |  |  |  |  |
NTD:USD |  | $ | 519,626 |  |  |  | 0.031 |  |  | $ | 15,981,373 |
EGP:USD |  |  | 2,032,144 |  |  |  | 0.021 |  |  |  | 33,046,767 |
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |
Monetary items |  |  |  |  |  |  |  |  |  |  |  |
NTD:USD |  |  | 695,799 |  |  |  | 0.031 |  |  |  | 21,399,647 |
EGP:USD |  |  | 741,599 |  |  |  | 0.021 |  |  |  | 15,425,249 |
GBP:USD |  |  | 14,240 |  |  |  | 1.260 |  |  |  | 17,941,994 |
|  | December 31, 2023 |
|  | Foreign currency amount (in thousands) |  |  | Exchange rate |  |  | Book value (USD) |
(Foreign currency: functional currency) |  |  |  |  |  |  |  |  |
Financial assets |  |  |  |  |  |  |  |  |
Monetary items |  |  |  |  |  |  |  |  |
NTD:USD |  | $ | 516,510 |  |  |  | 0.033 |  |  | $ | 16,844,446 |
EGP:USD |  |  | 600,433 |  |  |  | 0.055 |  |  |  | 33,285,236 |
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |
Monetary items |  |  |  |  |  |  |  |  |  |  |  |
NTD:USD |  |  | 614,748 |  |  |  | 0.033 |  |  |  | 20,048,202 |
EGP:USD |  |  | 432,966 |  |  |  | 0.033 |  |  |  | 14,158,000 |
GBP:USD |  |  | 12,619 |  |  |  | 1.270 |  |  |  | 16,025,800 |
Schedule of Foreign Currency Market Risk Arising from Significant Foreign Exchange Variation | Analysis of foreign currency market risk arising from significant foreign exchange variation:
|  | Six months ended June 30, 2024 |
|  | Sensitivity analysis |
|  | Degree of variation |  |  | Effect on profit or loss (USD) |  |  | Effect on other comprehensive income |
(Foreign currency: functional currency) |  |  |  |  |  |  |  |  |
Financial assets |  |  |  |  |  |  |  |  |
Monetary items |  |  |  |  |  |  |  |  |
NTD:USD |  |  | 1 | % |  | $ | 159,814 |  |  | $ | - |
EGP:USD |  |  | 1 | % |  |  | 330,468 |  |  |  | - |
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |
Monetary items |  |  |  |  |  |  |  |  |  |  |  |
NTD:USD |  |  | 1 | % |  |  | 213,996 |  |  |  | - |
EGP:USD |  |  | 1 | % |  |  | 154,252 |  |  |  | - |
GBP:USD |  |  | 1 | % |  |  | 179,420 |  |  |  | - |
|  | Six months ended June 30, 2023 |
|  | Sensitivity analysis |
|  | Degree of variation |  |  | Effect on profit or loss (USD) |  |  | Effect on other comprehensive income |
(Foreign currency: functional currency) |  |  |  |  |  |  |  |  |
Financial assets |  |  |  |  |  |  |  |  |
Monetary items |  |  |  |  |  |  |  |  |
NTD:USD |  |  | 1 | % |  | $ | 166,897 |  |  | $ | - |
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |
Monetary items |  |  |  |  |  |  |  |  |  |  |  |
NTD:USD |  |  | 1 | % |  | $ | 102,305 |  |  | $ | - |
Schedule of Provision Matrix | On June 30, 2024 and December 31, 2023, the provision matrix are as follows:
|  | Not past due |  |  | Up to 180 days past due |  |  | Up to 365 days past due |  |  | Over 366 days past due |  |  | Total |
At June 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Expected loss rate |  |  | 0.03%~100 | % |  |  | 0.15%-100 | % |  |  | 1.4%~100 | % |  |  | 100 | % |  |  |  |
Total book value |  | $ | 471,022 |  |  | $ | 17,669,716 |  |  | $ | 6,271,360 |  |  | $ | 5,705,518 |  |  | $ | 30,117,616 |
Loss allowance |  |  | 142 |  |  |  | 1,101,341 |  |  |  | 6,271,360 |  |  |  | 5,705,518 |  |  |  | 13,078,361 |
|  | Not past due |  |  | Up to 180 days |  |  | Up to 365 |  |  | Over 366 days |  |  | Total |
At December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Expected loss rate |  |  | 0.03%~0.4 | % |  |  | 0.07%-0.91 | % |  |  | 1.82%~100 | % |  |  | 100 | % |  |  |  |
Total book value |  | $ | 3,937,838 |  |  | $ | 4,770,297 |  |  | $ | 3,100,633 |  |  | $ | 2,754,385 |  |  | $ | 14,563,153 |
Loss allowance |  |  | 2,489,636 |  |  |  | 4,770,297 |  |  |  | 3,100,633 |  |  |  | 2,754,385 |  |  |  | 13,114,951 |
Schedule of Loss Allowance for Accounts Receivable | Movements in relation to the Group applying the modified approach to provide loss allowance for accounts receivable are as follows:
|  | 2024 |
|  | Accounts receivable |  |  | Other receivables |
At January 1 |  | $ | 13,114,951 |  |  | $ | 521,852 |
Reverse provision for ECLs |  |  | (36,590 | ) |  |  | - |
At June 30 |  | $ | 13,078,361 |  |  | $ | 521,852 |
|  | 2023 |
|  | Accounts receivable |  |  | Other receivables |
At January 1 |  | $ | 1,481,779 |  |  | $ | - |
Provision for ECLs |  |  | 11,633,172 |  |  |  | 521,852 |
At December 31 |  | $ | 13,114,951 |  |  | $ | 521,852 |
Schedule of Non-Derivative Financial Liabilities | The amounts disclosed in the table are the contractual undiscounted cash flows.
Non-derivative financial liabilities: |  |  |  |  |  |
June 30, 2024 |  | Less than 1 year |  |  | Over 1 year |
Lease liabilities |  | $ | 172,685 |  |  | $ | 619,280 |
Long-term borrowings (Including current portion) |  |  | 2,018,170 |  |  |  | 5,392,223 |
Non-derivative financial liabilities: |  |  |  |  |  |
December 31, 2023 |  | Less than 1 year |  |  | Over 1 year |
Lease liabilities |  | $ | 30,327 |  |  | $ | 23,011 |
Long-term borrowings (Including current portion) |  |  | 1,817,873 |  |  |  | 6,822,438 |

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