XML 243 R31.htm IDEA: XBRL DOCUMENT
v3.25.1

Income tax | 12 Months Ended
--- | ---
Dec. 31, 2024
Notes and other explanatory information [abstract] |
Income tax |
| 26. | Income tax
| a) | Components of income tax (credit) expense:
Schedule of components of income tax (credit) expense
|  | Year ended December 31, 2024 |  |  | Year ended December 31, 2023 |
Current income tax: |  |  |  |  |  |  |  |
Current income tax on profits for the period |  | $ | 13,208 |  |  | $ | 3 |
Tax on unappropriated retained earnings |  |  | - |  |  |  | 1,377 |
Prior year income tax under estimation |  |  | 519 |  |  |  | 19,588 |
Total current income tax |  |  | 13,727 |  |  |  | 20,968 |
Deferred income tax: |  |  |  |  |  |  |  |
Origination and reversal of temporary differences |  |  | (8,215 | ) |  |  | (404,016 | )
Income tax (credit) expense |  | $ | 5,512 |  |  | $ | (383,048 | )
Tax (credit) expenses were computed based on the rates applicable in the respective countries where the Group entities operate.
| b) | Reconciliation between income tax (credit) expense and accounting profit:
Schedule of reconciliation between income tax expense and accounting profit
Reconciliation between income tax expense and accounting profit |  |  |  |  |  |
|  | Year ended December 31, 2024 |  |  | Year ended December 31, 2023 |
Tax calculated based on profit before tax and statutory tax rate |  | $ | 11,467 |  |  | $ | 28,055 |
Effects from adjustments based on tax regulation |  |  | (7,182 | ) |  |  | - |
Change in assessment of realization of deferred tax assets |  |  | - |  |  |  | (432,068 | )
Prior year income tax under estimation |  |  | 519 |  |  |  | 19,588 |
Others |  |  | 708 |  |  |  | - |
Tax on unappropriated retained earnings |  |  | - |  |  |  | 1,377 |
Income tax (credit) expense |  | $ | 5,512 |  |  | $ | (383,048 | )
| c) | Amounts of deferred tax assets or liabilities as a result of temporary differences and tax losses are as follows:
Schedule of deferred tax assets or liabilities as a result of temporary differences and tax losses
|  | 2024 |
|  | January 1 |  |  | Recognized in profit or loss |  |  | Effect of foreign exchange rate changes |  |  | December 31 |
Deferred tax assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for bad debts |  | $ | 3,085 |  |  | $ | (2,939 | ) |  | $ | (146 | ) |  | $ | - |
Loss on inventories |  |  | 467 |  |  |  | 2,202 |  |  |  | (32 | ) |  |  | 2,637 |
Unused vacation bonus |  |  | 3,741 |  |  |  | 1,244 |  |  |  | (194 | ) |  |  | 4,791 |
unused tax losses |  |  | 432,068 |  |  |  | (711 | ) |  |  | (4,985 | ) |  |  | 426,372 |
|  | $ | 439,361 |  |  | $ | (204 | ) |  | $ | (5,357 | ) |  | $ | 433,800 |
Deferred tax liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealised exchange gain |  | $ | (20,405 | ) |  | $ | 8,419 |  |  | $ | 1,004 |  |  | $ | (10,982 | )
|  | 2023 |
|  | January 1 |  |  | Effects from disposal of investments |  |  | Recognized in profit or loss |  |  | December 31 |
Deferred tax assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Allowance for bad debts |  | $ | 72,530 |  |  | $ | (69,490 | ) |  | $ | 45 |  |  | $ | 3,085 |
Loss on inventories |  |  | 319,368 |  |  |  | (311,427 | ) |  |  | (7,474 | ) |  |  | 467 |
Unused vacation bonus |  |  | 4,445 |  |  |  | (59 | ) |  |  | (645 | ) |  |  | 3,741 |
Unrealize exchange losses |  |  | 2,978 |  |  |  | (2,978 | ) |  |  | - |  |  |  | - |
unused tax losses |  |  | - |  |  |  | - |  |  |  | 432,068 |  |  |  | 432,068 |
|  | $ | 399,321 |  |  | $ | (383,954 | ) |  | $ | 423,994 |  |  | $ | 439,361 |
Deferred tax liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unrealized exchange gain |  | $ | (7,501 | ) |  | $ | 7,074 |  |  | $ | (19,978 | ) |  | $ | (20,405 | )
| d) | Tax losses incurrence and expiration date, deferred tax assets filed and unused amounts, are as follows:
Schedule of tax losses incurrence and expiration date, deferred tax assets filed and unused amounts
2024
Year incurred |  | Amount filed |  |  | Unused amount |  |  | Expiry year
2019 |  | $ | 329,916 |  |  | $ | 273,938 |  |  | no limit
2021 |  |  | 21,873 |  |  |  | 21,873 |  |  | no limit
2023 |  |  | 24,507 |  |  |  | 24,507 |  |  | no limit
2023 |  |  | 106,054 |  |  |  | 106,054 |  |  | 2033 (Unapproved)
|  | $ | 482,350 |  |  | $ | 426,372 |  |  |
2023
Year incurred |  | Amount filed |  |  | Unused amount |  |  | Expiry year
2019 |  | $ | 329,329 |  |  | $ | 278,255 |  |  | no limit
2021 |  |  | 21,834 |  |  |  | 21,834 |  |  | no limit
2023 |  |  | 22,191 |  |  |  | 22,191 |  |  | no limit
2023 |  |  | 109,788 |  |  |  | 109,788 |  |  | 2033 (Unapproved)
|  | $ | 483,142 |  |  | $ | 432,068 |  |  |
| e) | The Company’s foreign subsidiaries file income tax returns in the countries where their operations are located. Recent income tax returns were submitted in Taiwan (2023), Hong Kong (2023), and China (2023).
| f) | The Group principally operates business in Taiwan, Hong Kong and China. The tax rate for above countries was 20%, 16.5% and 25%, respectively.

X
- Definition The entire disclosure for income taxes. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IAS -Number 12 -IssueDate 2024-01-01 -Section Disclosure -URI https://taxonomy.ifrs.org/xifrs-link?type=IAS&num=12&code=ifrs-tx-2024-en-r&doctype=Standard&dita_xref=IAS12_g79-88_TI -URIDate 2024-03-27 + Details
Name: | ifrs-full_DisclosureOfIncomeTaxExplanatory
Namespace Prefix: | ifrs-full_
Data Type: | dtr-2022: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