XML 242 R46.htm IDEA: XBRL DOCUMENT
v3.24.3

Revenue and Other Income (Tables) | 6 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2024 | Dec. 31, 2023
Revenue [Abstract] |  |
Schedule of Analysis of Revenue | An analysis of revenue is as follows:
|  | For the six months ended June 30, |
|  | 2024 |  |  | 2023 |
|  | (Unaudited) |  |  | (Unaudited) |
|  | US$ |  |  | US$ |
Revenue from contracts with customers |  |  |  |  |  |
Internet leads generation and marketing service income |  |  | 38,433,173 |  |  |  | 32,211,555 |
Insurance commission income |  |  | 2,632,683 |  |  |  | 1,324,769 |
Marketing income |  |  | 784,181 |  |  |  | 527,042 |
Events income |  |  | 998,471 |  |  |  | 489,368 |
Total |  |  | 42,848,508 |  |  |  | 34,552,734 |
| An analysis of revenue is as follows:
|  | 2023 |  |  | 2022 |  |  | 2021 |
|  | US$ |  |  | US$ |  |  | US$ |
Revenue from contracts with customers |  |  |  |  |  |  |  |  |
Internet leads generation and marketing service income |  |  | 75,794,855 |  |  |  | 64,930,368 |  |  |  | 59,301,412 |
Insurance commission income |  |  | 3,362,745 |  |  |  | 1,665,997 |  |  |  | 907,338 |
Marketing income |  |  | 1,026,223 |  |  |  | 1,079,027 |  |  |  | 1,355,760 |
Events income |  |  | 487,258 |  |  |  | 456,864 |  |  |  | 317,971 |
|  |  | 80,671,081 |  |  |  | 68,132,256 |  |  |  | 61,882,481 |
Schedule of Disaggregated Revenue Information | Disaggregated revenue information
|  | For the six months ended June 30, |
|  | 2024 |  |  | 2023 |
|  | (Unaudited) |  |  | (Unaudited) |
|  | US$ |  |  | US$ |
Geographical markets |  |  |  |  |  |
Singapore |  | 17,962,713 |  |  | 10,939,325 |
Hong Kong |  |  | 14,981,761 |  |  |  | 11,735,648 |
Philippines |  |  | 6,917,244 |  |  |  | 7,627,462 |
Taiwan |  |  | 2,826,070 |  |  |  | 3,805,468 |
Malaysia |  |  | 160,720 |  |  |  | 444,831 |
Total |  |  | 42,848,508 |  |  |  | 34,552,734 |
Timing of revenue recognition |  |  |  |  |  |  |  |
Over time |  |  | 40,215,825 |  |  |  | 33,227,965 |
At a point in time |  |  | 2,632,683 |  |  |  | 1,324,769 |
Total |  |  | 42,848,508 |  |  |  | 34,552,734 |
| Disaggregated revenue information
|  | 2023 |  |  | 2022 |  |  | 2021 |
|  | US$ |  |  | US$ |  |  | US$ |
Geographical markets |  |  |  |  |  |  |  |  |
Hong Kong |  |  | 26,947,177 |  |  |  | 22,247,140 |  |  |  | 18,189,703 |
Singapore |  |  | 32,069,713 |  |  |  | 23,467,954 |  |  |  | 22,838,695 |
Philippines |  |  | 14,169,389 |  |  |  | 9,857,822 |  |  |  | 6,051,517 |
Taiwan |  |  | 6,742,747 |  |  |  | 11,027,139 |  |  |  | 13,401,188 |
Malaysia |  |  | 738,053 |  |  |  | 1,282,194 |  |  |  | 1,270,665 |
Other Asia |  |  | 4,002 |  |  |  | 250,007 |  |  |  | 130,713 |
Total revenue from contracts with customers |  |  | 80,671,081 |  |  |  | 68,132,256 |  |  |  | 61,882,481 |
Timing of revenue recognition |  |  |  |  |  |  |  |  |  |  |  |
At a point in time |  |  | 3,362,745 |  |  |  | 1,665,997 |  |  |  | 907,338 |
Over time |  |  | 77,308,336 |  |  |  | 66,466,259 |  |  |  | 60,975,143 |
Total revenue from contracts with customers |  |  | 80,671,081 |  |  |  | 68,132,256 |  |  |  | 61,882,481 |
By vertical |  |  |  |  |  |  |  |  |  |  |  |
Credit cards |  |  | 60,257,595 |  |  |  | 49,430,329 |  |  |  | 46,658,459 |
Personal loans and mortgages |  |  | 10,166,389 |  |  |  | 9,718,621 |  |  |  | 7,924,050 |
Insurance |  |  | 5,853,092 |  |  |  | 2,661,822 |  |  |  | 1,228,525 |
Other verticals |  |  | 4,394,005 |  |  |  | 6,321,484 |  |  |  | 6,071,447 |
Total revenue from contracts with customers |  |  | 80,671,081 |  |  |  | 68,132,256 |  |  |  | 61,882,481 |
Schedule of Revenue from Customers |  | Revenue from customers, which individually contributed over 10% of the total revenue of the Group during the year is as follows:
|  | 2023 |  |  | 2022 |  |  | 2021 |
|  | US$ |  |  | US$ |  |  | US$ |
Customer A |  |  | 17,713,000 |  |  |  | 33,260,000 |  |  |  | 36,541,000 |
Customer B |  |  | 11,801,000 |  |  |  | N/A* |  |  |  | N/A* |
Customer C |  |  | 9,614,000 |  |  |  | N/A* |  |  |  | 7,567,000 |
| * | The customers generated less than 10% of the total revenue of the Group during the year.
Schedule of Analysis of Other Income |  | An analysis of other income is as follows:
|  | 2023 |  |  | 2022 |  |  | 2021 |
|  | US$ |  |  | US$ |  |  | US$ |
Other income |  |  |  |  |  |  |  |  |
Bank interest income |  |  | 859,454 |  |  |  | 15,905 |  |  |  | 5,207 |
Interest income on refundable rental deposit |  |  | 13,049 |  |  |  | 12,138 |  |  |  | 9,527 |
Government grants |  |  | - |  |  |  | - |  |  |  | 108,369 |
Gain on disposal of items of property and equipment, net |  |  | 3,690 |  |  |  | 4,539 |  |  |  | 542 |
Gain on derecognition of convertible loan and bridge loan |  |  | - |  |  |  | 135,031 |  |  |  | - |
Others |  |  | 1,321 |  |  |  | 13,896 |  |  |  | 17,080 |
|  |  | 877,514 |  |  |  | 181,509 |  |  |  | 140,725 |

X
- Definition The disclosure of the disaggregation of revenue from contracts with customers. [Refer: Revenue from contracts with customers] + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 15 -IssueDate 2024-01-01 -Paragraph 114 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=15&code=ifrs-tx-2024-en-r&anchor=para_114&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of other operating income. [Refer: Other operating income (expense)] + 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
Name: | ifrs-full_DisclosureOfOtherOperatingIncomeExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for revenue from contracts with customers. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 15 -IssueDate 2024-01-01 -Section Presentation -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=15&code=ifrs-tx-2024-en-r&doctype=Standard&dita_xref=IFRS15_g105-109_TI -URIDate 2024-03-27 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 15 -IssueDate 2024-01-01 -Section Disclosure -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=15&code=ifrs-tx-2024-en-r&doctype=Standard&dita_xref=IFRS15_g110-129_TI -URIDate 2024-03-27 + Details
Name: | ifrs-full_DisclosureOfRevenueFromContractsWithCustomersExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition The disclosure of major customers. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 8 -IssueDate 2024-01-01 -Paragraph 34 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=8&code=ifrs-tx-2024-en-r&anchor=para_34&doctype=Standard -URIDate 2024-03-27 + Details
Name: | ifrs-full_DisclosureOfSegmentsMajorCustomersExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022:textBlockItemType
Balance Type: | na
Period Type: | duration

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