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Prepayments, Deposits and Other Receivables

12 Months Ended

Dec. 31, 2023

Prepayments, Deposits and Other Receivables [Abstract]

PREPAYMENTS, DEPOSITS AND OTHER RECEIVABLES

16. PREPAYMENTS, DEPOSITS AND OTHER RECEIVABLES

		2023				2022
		US$				US$
Prepayments			3,389,557				2,414,189
Deposits and other receivables			1,491,886				1,238,685
			4,881,443				3,652,874
Portion classified as non-current			(26,072	)			(128,927	)
Current portion			4,855,371				3,523,947

The financial assets included in the above balances relate to deposits and other receivables for which there was no recent history of default and past due amount. As at December 31, 2023 and 2022, the loss allowance was assessed to be minimal.

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- Definition

The disclosure of prepayments and other assets. [Refer: Other assets; Prepayments]

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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-URIDate 2024-03-27

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- References

No definition available.

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