XML 137 R75.htm IDEA: XBRL DOCUMENT
v3.25.1

INCOME TAX EXPENSE (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2024
Notes and other explanatory information [abstract] |
SCHEDULE OF PROVISION FOR INCOME TAXES PROVISIONS (BENEFITS) | The provision for income taxes consists of the following provisions (benefits): SCHEDULE OF PROVISION FOR INCOME TAXES PROVISIONS (BENEFITS)
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | Years ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Current tax: |  |  |  |  |  |  |  |  |  |  |  |
Current tax on profits for the year |  | $ | 28,783 |  |  | $ | 32,115 |  |  |  | 220,570 |
Under provision in prior year |  |  | 800 |  |  |  | - |  |  |  | - |
Total Current tax |  |  | 29,583 |  |  |  | 32,115 |  |  |  | 220,570 |
Deferred income tax: |  |  |  |  |  |  |  |  |  |  |  |
(Increase) decrease in deferred tax assets |  |  | 2,329,636 |  |  |  | - |  |  |  | 29,240 |
Decrease in deferred tax liabilities |  |  | (4,611,291 | ) |  |  | (1,110,801 | ) |  |  | (1,313,406 | )
Deferred income tax |  |  | (2,281,655 | ) |  |  | (1,110,801 | ) |  |  | (1,284,166 | )
Benefit from income taxes |  | $ | (2,252,072 | ) |  | $ | (1,078,686 | ) |  |  | (1,063,596 | )
The provision for income taxes by country consists of the following provisions (benefits):
December 31, 2024 |  | INDONESIA |  |  | NEW ZEALAND |  |  | SINGAPORE |  |  | SOUTH AFRICA |  |  | UK |  |  | USA |  |  | CONSOLIDATED |
Current Expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
State |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,600 |  |  |  | 1,600 |
Foreign |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | - |  |  | $ | 27,983 |  |  | $ | - |  |  | $ | 27,983 |
Total Current Tax Expense |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 27,983 |  |  |  | 1,600 |  |  |  | 29,583 |
Deferred Expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (815,670 | ) |  |  | (815,670 | )
State |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (202,283 | ) |  |  | (202,283 | )
Foreign |  |  | (170,311 | ) |  |  | (412,208 | ) |  |  | - |  |  |  | 39,745 |  |  |  | (641,438 | ) |  |  | - |  |  |  | (1,263,702 | )
Total Deferred Tax Expense |  |  | (170,311 | ) |  |  | (412,208 | ) |  |  | - |  |  |  | 39,745 |  |  |  | (641,438 | ) |  |  | (1,017,953 | ) |  |  | (2,281,655 | )
(Benefit from) Provision for Income Taxes |  | $ | (170,311 | ) |  | $ | (412,208 | ) |  | $ | - |  |  | $ | 39,745 |  |  | $ | (613,455 | ) |  | $ | (1,016,353 | ) |  | $ | (2,252,072 | )
December 31, 2023 |  | INDONESIA |  |  | NEW ZEALAND |  |  | SINGAPORE |  |  | SOUTH AFRICA |  |  | UK |  |  | USA |  |  | CONSOLIDATED |
Current Expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
State |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 200 |  |  |  | 200 |
Foreign |  | $ | - |  |  | $ | (6,050 | ) |  | $ | - |  |  | $ | (2,802 | ) |  | $ | 40,767 |  |  | $ | - |  |  | $ | 31,915 |
Total Current Tax Expense |  |  | - |  |  |  | (6,050 | ) |  |  | - |  |  |  | (2,802 | ) |  |  | 40,767 |  |  |  | 200 |  |  |  | 32,115 |
Deferred Expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Federal |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (706,102 | ) |  |  | (706,102 | )
State |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (131,487 | ) |  |  | (131,487 | )
Foreign |  |  | - |  |  |  | (83,410 | ) |  |  | - |  |  |  | 11,044 |  |  |  | (200,846 | ) |  |  | - |  |  |  | (273,212 | )
Total Deferred Tax Expense |  |  | - |  |  |  | (83,410 | ) |  |  | - |  |  |  | 11,044 |  |  |  | (200,847 | ) |  |  | (837,589 | ) |  |  | (1,110,801 | )
(Benefit from) Provision for Income Taxes |  | $ | - |  |  | $ | (89,460 | ) |  | $ | - |  |  | $ | 8,242 |  |  | $ | (160,079 | ) |  | $ | (837,389 | ) |  | $ | (1,078,686 | )
SCHEDULE OF RECONCILIATION OF INCOME TAXES AT THE STATUTORY RATE | The reconciliation of income taxes at the statutory rate of Singapore to the effective tax rates for the years ended December 31, 2024, 2023 and 2022 is as follows: SCHEDULE OF RECONCILIATION OF INCOME TAXES AT THE STATUTORY RATE
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | Year ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Loss from continuing operations before provision for income taxes |  | $ | (27,191,894 | ) |  | $ | (6,208,871 | ) |  |  | (56,315,143 | )
Tax at the Singapore rate of 17% |  |  | (4,622,622 | ) |  |  | (1,055,508 | ) |  |  | (9,573,574 | )
Reconciling items: |  |  |  |  |  |  |  |  |  |  |  |
Permanent differences |  |  | 297,800 |  |  |  | (2,380,272 | ) |  |  | 5,867,054 |
Current period net operating losses not recognised as a deferred tax asset |  |  | 6,187,916 |  |  |  | 1,600,731 |  |  |  | 3,019,483 |
Rate differential – non-Singapore entities |  |  | (661,038 | ) |  |  | (183,113 | ) |  |  | (736,092 | )
Other deferred tax activity |  |  | (169,511 | ) |  |  | 939,476 |  |  |  | 359,533 |
Over provision in prior year |  |  | (3,284,617 | ) |  |  | - |  |  |  | - |
Benefit from income taxes |  | $ | (2,252,072 | ) |  | $ | (1,078,686 | ) |  |  | (1,063,596 | )

X
- Definition Disclosure of reconciliation of income taxes at statutory rate explanatory. + References No definition available. + Details
Name: | GNS_DisclosureOfReconciliationOfIncomeTaxesAtStatutoryRateExplanatory
Namespace Prefix: | GNS_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Schedule of provision for income taxes provisions benefits and deferred income tax. + References No definition available. + Details
Name: | GNS_ScheduleofProvisionForIncomeTaxesProvisionsBenefitsAndDeferredIncomeTaxTableTextBlock
Namespace Prefix: | GNS_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | ifrs-full_NotesAndOtherExplanatoryInformationAbstract
Namespace Prefix: | ifrs-full_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration