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RIGHT-OF-USE ASSETS AND OPEARTING LEASE LIABILITIES | 12 Months Ended
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Dec. 31, 2025
Right-of-use Assets And Opearting Lease Liabilities |
RIGHT-OF-USE ASSETS AND OPEARTING LEASE LIABILITIES |
5. | RIGHT-OF-USE ASSETS AND OPEARTING LEASE LIABILITIES
As of December 31, 2025, the Group subsisted of the following non-cancellable lease contracts.
Description of lease |  | Lease term
Office at Central, Hong Kong |  | 3 years from November 16, 2024 to November 15, 2027
| (a) | Amounts recognized in the consolidated balance sheet:
SCHEDULE OF RIGHT OF USE ASSETS AND OPERATING LEASE LIABILITIES
|  | 2024 |  |  | 2025 |  |  | 2025 |
|  | As of December 31, |
|  | 2024 |  |  | 2025 |  |  | 2025 |
|  | HK$ |  |  | HK$ |  |  | US$ |
Right-of-use assets |  |  | 4,188,215 |  |  |  | 2,731,445 |  |  |  | 350,937 |
Operating lease liabilities |  |  |  |  |  |  |  |  |  |  |  |
Current |  |  | 1,204,436 |  |  |  | 1,595,543 |  |  |  | 204,996 |
Non-current |  |  | 3,063,509 |  |  |  | 1,467,966 |  |  |  | 188,604 |
Total operating lease liabilities |  |  | 4,267,945 |  |  |  | 3,063,509 |  |  |  | 393,600 |
MAGIC EMPIRE GLOBAL LIMITED NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
5. | RIGHT-OF-USE ASSETS AND OPEARTING LEASE LIABILITIES (cont.)
| (b) | A summary of lease cost recognized in the Group’s consolidated statements of operations and supplemental cash flow information related to operating leases is as follows:
SCHEDULE OF SUPPLEMENTAL CASH FLOW INFORMATION RELATED TO OPERATING LEASES
|  | 2023 |  |  | 2024 |  |  | 2025 |  |  | 2025 |
|  | For the years ended December 31, |
|  | 2023 |  |  | 2024 |  |  | 2025 |  |  | 2025 |
|  | HK$ |  |  | HK$ |  |  | HK$ |  |  | US$ |
Amortization charge of right-of-use assets |  |  | 1,895,294 |  |  |  | 1,719,081 |  |  |  | 1,456,770 |  |  |  | 187,166 |
ROU assets obtained in exchange for operating lease liabilities |  |  | — |  |  |  | 4,248,914 |  |  |  | — |  |  |  | — |
Interest of lease liabilities |  |  | 139,296 |  |  |  | 61,232 |  |  |  | 206,828 |  |  |  | 26,573 |
Cash paid for operating leases |  |  | 2,044,020 |  |  |  | 1,788,518 |  |  |  | 1,411,265 |  |  |  | 181,320 |
| (c) | The following table shows the remaining contractual maturities of the Group’s operating lease liabilities as of December 31, 2025:
SCHEDULE OF MATURITIES OF OPERATING LEASE LIABILITIES
|  | Twelve months ended December 31, |
|  | HK$ |  |  | US$ |
2026 |  |  | 1,721,280 |  |  |  | 221,150 |
2027 |  |  | 1,506,120 |  |  |  | 193,507 |
Total future lease payments |  |  | 3,227,400 |  |  |  | 414,657 |
Less: imputed interest |  |  | (163,891 | ) |  |  | (21,057 | )
Present value of lease obligation |  |  | 3,063,509 |  |  |  | 393,600 |
The weighted-average discount rate used to determine the operating lease liability as of December 31, 2025 and 2024 was 5.375% and 5.375%, respectively. As of December 31, 2025, the weighted-average remaining lease term for the operating lease was 1.91 years.

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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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