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ASSETS AND LIABILITIES OF DISPOSAL GROUP (Tables)
 6 Months Ended
Jun. 30, 2024
Disclosure of subsidiaries [abstract]  
SCHEDULE OF ASSETS AND LIABILITIES OF DISPOSAL GROUP

 

   As of
April 28, 2023		 
   USD’000 
     
Right-of-use assets, net   3,678 
Inventories, net   3,558 
Trade receivables, net   397 
Other receivables and prepayments   399 
Cash and bank balances   35 
Accrued liabilities and other payables   (2,640)
Amounts owed to related parties   (4,835)
Lease liabilities   (2,664)
Taxes payable   (11)
SCHEDULE OF FINANCIAL PERFORMANCE AND CASH FLOW INFORMATION

The financial performance and cash flow information of disposed group for the six months ended June 30, 2023 was as following:

 

   Six Months Ended
June 30, 2023		 
   USD’000 
Financial performance     
      
Net sales   390 
      
Cost of goods sold   1,091 
      
Gross loss   (701)
      
Other income   825 
Selling and distribution expenses   (219)
Administrative expenses   (207)
Bad debt Reversal (expense)   144 
Finance costs   (42)
      
Loss before taxation   (200)
      
Gain on disposal of discontinued operations   10,659 
Income tax expense   - 
      
Net loss for the year from discontinued operations   10,459 
      
      
Cash flow information     
      
Net cash generated from operating activities from discontinued operations   2,038 
      
Net cash used in investing activities from discontinued operations   - 
      
Net cash used in financing activities from discontinued operations   (2,064)
      
Net (decrease) increase in cash and cash equivalents from discontinued operations   (26)