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LEASE LIABILITIES

12 Months Ended

Dec. 31, 2023

LEASE LIABILITIES

LEASE LIABILITIES

19 LEASE LIABILITIES

The Company leases various properties mainly for office buildings. Rental contracts are made for various periods ranging up to seven (7) years. Lease terms are negotiated on an individual basis and contain a wide range of different terms and conditions. The lease agreements do not impose any covenants, but leased assets may not be used as security for borrowing purposes.

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In determining the lease term, management considers all facts and circumstances that create an economic incentive to exercise an extension option. Extension options are only included in the lease term if the lease is reasonably certain to be extended (or not terminated). The assessment is reviewed if a significant event or a significant change in circumstances occurs which affects this assessment and that is within the control of the Company as a lessee.

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Set out below are the carrying amounts of the lease liabilities and the movements for the period:

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​	​	​	​	​
​	​	As at	​	As at
​	​	December 31,	​	December 31,
​		2023		2022
At beginning of the year	​	638	​	600
Additions	​	3,389	​	135
Acquired through business combination (Note 6)	​	—	​	177
Modification	​	(279)	​	—
Accretion of interests	​	65	​	11
Payments	​	(595)	​	(188)
Effect of movement in exchange rates	​	59	​	(97)
At end of the year	​	3,277	​	638

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The maturity analysis of lease liabilities are disclosed below:

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​	​	​	​	​
​		December 31, 2023
​	​	Present value	​	Total
​	​	of the minimum	​	minimum
​	​	lease payments	​	lease payments
Within 1 year	​	709	​	739
After 1 year but within 2 years	​	689	​	732
Atfter 2 years but within 5 years	​	1,712	​	1,930
After 5 years	​	167	​	209
​	​	3,277	​	3,610
Less: Total future interest expenses	​	​	​	(333)
​	​	​	​	3,277

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The following are the amounts recognized in the consolidated statement of loss and comprehensive income (loss):

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​	​	​	​	​
​	​	Year Ended December 31,
​		2023		2022
Amortization expense on right of use assets	​	579	​	230
Interest expense on lease liabilities	​	65	​	11
Total amount recognized in the income statement	​	644	​	241

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- Definition

The entire disclosure for leases.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 16
-IssueDate 2023-01-01
-Section Presentation
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2023-en-r&doctype=Standard&dita_xref=IFRS16_g47-50_TI
-URIDate 2023-03-23

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 16
-IssueDate 2023-01-01
-Section Disclosure
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2023-en-r&doctype=Standard&dita_xref=IFRS16_g51-60_TI
-URIDate 2023-03-23

+ Details

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Period Type:	duration

X

- References

No definition available.

+ Details

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Namespace Prefix:	ifrs-full_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration