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v3.25.2

COMMITMENTS | 12 Months Ended
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Dec. 31, 2024
Commitments |
COMMITMENTS | 25. COMMITMENTS (a) Operating lease commitments The Company leases production factories, warehouses and employees’ hostel from unrelated parties under non-cancellable operating lease arrangements. The leases have varying terms and the total future minimum lease payments of the Company under non-cancellable operating leases are payable as follows: SCHEDULE OF TOTAL FUTURE MINIMUM LEASE PAYMENTS
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | As of December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | USD’000 |  |  | USD’000 |  |  | USD’000 |
Within one year |  |  | 348 |  |  |  | - |  |  |  | 48 |
After one year and within five years |  |  | 1,072 |  |  |  | - |  |  |  | 22 |
Operating lease commitments |  |  | 1,420 |  |  |  | - |  |  |  | 70 |
As of December 31, 2022, total operating lease liabilities payable of discontinued operations amounts of USD 4,832,000 (Note 26). The leases typically run for an initial period of three years, with an option to renew the lease when all terms are renegotiated. Lease payments are usually increased every three years to reflect market rentals. None of the leases includes contingent rentals. (b) Capital commitments The Company’s capital expenditures consist of expenditures on property, plant and equipment and capital contribution. Capital expenditures contracted for at the balance sheet date but not recognized in the financial statements are as follows: SCHEDULE OF CAPITAL EXPENDITURES CONTRACTED FOR AT THE BALANCE SHEET DATE BUT NOT RECOGNIZED
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | As of December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | USD’000 |  |  | USD’000 |  |  | USD’000 |
Contracted for capital commitment in respect of capital contribution to its wholly foreign owned subsidiary in the PRC: |  |  |  |  |  |  |  |  |  |  |  |
Antelope Chengdu |  |  | 6,043 |  |  |  | 6,422 |  |  |  | 7,301 |
Hainan Antelope Holding |  |  | 10,000 |  |  |  | 10,000 |  |  |  | 10,000 |
Antelope Future (Yangpu) |  |  | 7,244 |  |  |  | 7,244 |  |  |  | 10,000 |
Antelope Investment (Hainan) |  |  | 7,249 |  |  |  | 7,249 |  |  |  | 7,249 |
Antelope Ruicheng Investment |  |  | 6,850 |  |  |  | 6,850 |  |  |  | 7,249 |
Hangzhou Kylin Cloud Service Technology |  |  | — |  |  |  | — |  |  |  | 652 |
Anhui Kylin Cloud Service Technology |  |  | 428 |  |  |  | 428 |  |  |  | 710 |
Wenzhou Kylin Cloud Service Technology |  |  | 704 |  |  |  | 704 |  |  |  | — |
Hubei Kylin Cloud Service Technology |  |  | 704 |  |  |  | 704 |  |  |  | — |
Jiangxi Kylin Cloud Service Technology |  |  | 704 |  |  |  | 704 |  |  |  | — |

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- Definition The disclosure of commitments. + 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
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