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Deferred Taxation
 12 Months Ended
Dec. 31, 2024
Deferred Taxation [Abstract]  
DEFERRED TAXATION
23.DEFERRED TAXATION

 

The movements in deferred tax assets/(liabilities) during the year are as follows:

 

Deferred tax liabilities

 

   Provision for
defined
benefit
obligations		   Depreciation
allowance in
excess of
related
depreciation		   Right-of-use
assets		   Total 
   US$   US$   US$   US$ 
At January 1, 2023   (30,459)   (5,081)   (123,078)   (158,618)
Deferred tax credited to profit or loss   
-
    1,360    68,519    69,879 
Deferred tax credited to other comprehensive income/(loss)   4,920    
-
    
-
    4,920 
Exchange realignment   (16)   4    (449)   (461)
Gross deferred tax liabilities at December 31, 2023 and January 1, 2024   (25,555)   (3,717)   (55,008)   (84,280)
Deferred tax credited/(charged) to profit or loss   
-
    3,395    (65,211)   (61,816)
Deferred tax charged to other comprehensive income/(loss)   (3,754)   
-
    
-
    (3,754)
Exchange realignment   (548)   322    2,762    2,536 
Gross deferred tax liabilities at December 31, 2024   (29,857)   
-
    (117,457)   (147,314)

 

Deferred tax assets

 

   Lease
liabilities		 
   US$ 
At January 1, 2023   123,078 
Deferred tax charged to profit or loss   (68,519)
Exchange realignment   449 
Gross deferred tax assets at December 31, 2023 and January 1, 2024   55,008 
Deferred tax credited to profit or loss   65,211 
Exchange realignment   (2,762)
Gross deferred tax assets at December 31, 2024   117,457 

 

For presentation purposes, certain deferred tax assets and liabilities have been offset in the statements of financial position. The following is an analysis of the deferred tax balances of the Group for financial reporting purposes:

 

   2024   2023 
  US$   US$ 
Net deferred tax assets recognized in the consolidated statement of financial position   
-
    
-
 
Net deferred tax liabilities recognized in the consolidated statement of financial position   29,857    29,272