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Financial Assets at Fair Value Through Profit or Loss | 6 Months Ended
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Jun. 30, 2024
Financial Assets at Fair Value Through Profit or Loss [Abstract] |
Financial assets at fair value through profit or loss | 6. Financial assets at fair value through profit or loss
|  | June 30, 2024 |  |  | December 31, 2023 |
Current items: |  |  |  |  |  |
Financial assets mandatorily measured at fair value through profit or loss |  |  |  |  |  |
Investment in a rent-a-captive company |  | $ | 1,544,045 |  |  | $ | 995,101 |
During the year ended December 31, 2022, the Group entered into a protected cell rent-a-captive arrangement with an insurance company and made investment of $1,105,540 in a rent-a-captive company, which was established by the insurance company, and the Group recognized gain and losses on financial assets at fair value through profit or loss amounting to $548,944 and $78,128 for the six months period ended June 30, 2024 and 2023, respectively. In a rent-a-captive structure, an insurance company establishes a rent-a-captive company and provides services related to insurance to the Group. The Group participates in the captive insurance agreement by investing certain capital and retaining the premium to insure itself against future losses and the premium will be kept in the rent-a-captive company for future claims payments. The insurance company agrees to cause dividends of the rent-a-captive company to be declared and paid to the Group only as approved by Board of Directors of the insurance company.

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- Definition The disclosure of financial instruments measured at fair value through profit or loss. [Refer: At fair value [member]; Classes of financial instruments [domain]] + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name IAS -Number 1 -IssueDate 2024-01-01 -Paragraph 10 -Subparagraph e -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=1&code=ifrs-tx-2024-en-r&anchor=para_10_e&doctype=Standard -URIDate 2024-03-27 + Details
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