アメリカ合衆国
証券取引委員会
ワシントンD.C.，20549
形式
(マーク1)
OR
本財政年度末まで
OR
移行期になります へ
OR
登録者が A である場合はチェックマークで示します。 証券法第 405 条に定義されている有名な経験豊富な発行者。
↓ ↓
」と
違います。
↓ ↓
はい
↓ ↓
チェックマークで登録者が
大規模な加速ファイラー、加速ファイラー、非加速ファイラーまたは新興成長企業です。「大」の定義を参照
取引法規則 120億 2 において、「加速ファイラー」、「加速ファイラー」および「新興成長企業」を指定します。
↓ ↓
非加速ファイルサーバ
| 」と | 新興成長型会社 | 」と 新興成長企業がその準備をする場合 米国 GAAP に準拠した財務諸表、登録者が延長移行を使用しないことを選択した場合はチェックマークで示します。 取引所第 13 条 （ a ） に基づいて規定された新規または改訂された財務会計基準 † を遵守するための期間 行為。 | ||
↓ ↓これらのエラーのいずれかをチェックマークで示します 訂正は、登録者の役員によって受け取られたインセンティブベースの報酬の回復分析を必要とする再記述です § 240.10 D—1 （ b ） に基づく関連する回復期間の役員。
↓ ↓会計基準をチェックマークで示す 登録者はこの書類に含まれる財務諸表を作成するために使用しました ：
アメリカは会計原則を公認している
↓ ↓
国際財務報告基準 発行された
国際会計基準委員会によって」と
↓ ↓「その他」がチェックされている場合
前の質問に対して、登録者が従うことを選択した財務諸表項目をチェックマークで示します。 ↓ ↓
項目 17
項目 18年次報告書の場合はチェックで示します。
登録者がシェル会社であるかどうかをマークします （ 取引法規則 120億 2 で定義されています ） 。
いいえ目次ページ
役員·上級管理職·コンサルタントの身分
| 第二項です。割引統計データと予想スケジュール | 第三項です。重要な情報 | |||
| プロジェクト4 Aです。 |
五番目です。
第六項です。
第七項。
第八項です。財務情報
第九項です。
| 見積もりと看板第10項。 | 市場リスクに関する定量的 · 質的開示 | 第十二項。 | 株式証券を除くその他の証券説明パート II |
十三項。違約、延滞配当金、延滞配当金14項です。保証所有者の権利と収益使用の実質的な改正第十五項。
制御とプログラム
項目 15T制御とプログラム
プロジェクト16 A。
i
私たちのグループは実体ごとにビットコインを測定しました この実体が存在する主要な経済環境の通貨を使用する。マレーシアでの業務には機能通貨があります 私たちはドルを使っていますほとんどの収入が実現しているので運営コストの大部分は ドルとユーロで価格を計算します通貨レートの変動はリンギット、ユーロ建ての現金にも影響を与えるだろう。 オーストラリアドルと、したがって、私たちの報告書の運営業績に影響を及ぼすだろう。
増加通貨為替レート変化 ドルの相対価値は価格で外国メーカーと競争することを難しくして、私たちのを下げるかもしれません。 ドル建ての外貨売上は、そうでなければ、私たちの販売と経営に重大な悪影響を及ぼす可能性があります。 結果が出る。私たちの外貨建ての売上高の著しい増加は外貨変動に関するリスクを増加させます。 様々なアジア通貨に対するドルの疲弊、特にマレーシアのリンギットは、私たちの製品コストを増加させるかもしれない。 通貨レートの変動はすでに私たちの経営業績に悪影響を与え続ける可能性がある。
| われわれの以下の方面での製造経験は限られている 私たちの製作候補者です。十分な数の製品の生産を遅延させることは私たちの業務と運営に悪影響を及ぼすかもしれない。 | 我々の製造経験は限られている.私たちは ナノコーティング平板フィルタの製造は、2025年にガラスを切り替えることができる積層ラインが商業運営に投入される予定で、テーマ 必要な資金を集めて業務を展開し、適切な経験と専門知識を持つ必要な従業員を雇用する。もしそうしなければ 十分な資源を集めて、専門知識、人員構成、技術力を募集して、成功的に運営することができないかもしれません。 利益のある製造業務。私たちは追加の製造資源を開発して、他社と協力する必要があるかもしれません 第三者または第三者が契約に基づいて私たちの製品を製造します。受け入れ可能な条件では融資を受けることができないかもしれません 生産を拡大し商業製造プロセスを開発するために必要なもの。協力型や契約型には入れないかもしれません 第三者と受け入れ可能な条件で配置して、品質、数量、および即時性に対する私たちの要求を満たす。このような遅延は 障害物は私たちの業務、財政状況、そして運営結果を損なうかもしれない。 |
| 私たちが請負業者に大きく依存している程度では 私たちは私たちの請負業者の業務条件と関連した危険に直面するだろう。 | 私たちは様々な請負業者に依存しています 私たちのエアフィルターと空気清浄機製品です。私たち1人以上の請負業者に影響を及ぼす不利な事件は私たちに悪影響を及ぼすかもしれない。例えば： |
| ● | 請負業者は保留できません 私たちの生産注文を処理してきた重要な従業員 |
| ● | 請負業者は標準に合わない製品を生産する 私たちが受け入れられない製品 |
| ● | 請負業者は維持する能力がない 財務や他の業務の問題による運営 |
| ● | 下請けはその商売を失った 私たちの製品を製造するために必要かもしれないライセンスまたはライセンス；または |
| ● | 誤り、不注意、または不当な行為 請負業者内部で発生した状況は、私たちが直接責任を持っていないかもしれないにもかかわらず、私たちの業務に悪影響を及ぼす可能性がある。 |
| ある程度私たちは協力に入ることができます もし協力や戦略連合にリスクがあれば、私たちはこれらの協力と連合に関連するリスクに直面するだろう。 | 私たちの発展戦略の重要な要素は 我々のナノコーティング平板フィルタとハラール製品の製造と商業化はパートナー関係と戦略同盟に入っている 他の流通会社や他の業界参加者と協力して、私たちの流通能力を高め、私たちのを維持できるようにします。 財務と運営能力。もし本当にあれば、私たちは受け入れ可能な条件で連合を交渉することができないかもしれない。今のところそうではありませんが 私たちは私たちの業務に重要な任意の協力計画や戦略連合のすべての当事者だと思う。未来には私たちは 協力計画や戦略同盟について、いくつかのナノコーティング平板の開発と商業化を完成させる フィルターとハラール製品です。このような協力を交渉する時に私たちが不利になると信じている具体的な理由はないにもかかわらず 計画や戦略連合、私たちの交渉地位は関連する時間における私たちの財政能力の影響を受けて継続されるだろう。 製品の開発と商業化、およびこのような交渉の時間と開発段階について 関連候補製品の名称。これらの計画は私たちが直接販売している収入よりも少ない収入になるかもしれません 私たちの製品の開発、販売、マーケティングを私たちのコントロールの外に置くかもしれません。重要な権利を放棄することが要求されるかもしれません。 そうでなければ、私たちに不利な条件であるかもしれない。協力計画や戦略同盟は私たちをいくつかのリスクに直面させます 以下のリスクがある： |
| 市場の需要が保証されない NFTSを開発および/または維持することは、我々の業務運営に重大な悪影響を及ぼす可能性がある。 | デジタル資産市場はありません 制限、すなわちNFTsは、まだ萌芽段階にある。したがって、非自由貿易品の市場は発展しない可能性があり、市場が確実に発展すれば、この価値は維持されるだろう。 将来NFTのために市場を開発しなければ、私たちは私たちの市場を開発し、維持することが難しいかもしれません。 ユーザは彼らのNFTを取引、購入、販売することができる。 |
| ブロックチェーン技術の背後にある技術は 消費者のブロックチェーン技術に対する受け入れにおいて、いくつかの全業界の挑戦とリスクに直面している。減速したり ブロックチェーンネットワークとブロックチェーン資産の開発を停止または受け入れることは成功に 私たちのNFT市場プラットフォームを開発します。 | ブロックチェーン業界の成長は 消費者の受け入れと長期的な発展には高い不確実性がある。…の更なる発展に影響する要素 ブロックチェーンおよびNFT産業は含まれるが、これらに限定されない |
| ● | 世界的に成長を実現しています NFTおよび他のブロックチェーン技術を使用すること |
| ● | 政府と準政府 NFTおよびその使用の規制、またはブロックチェーンネットワークまたは同様のシステムへのアクセスおよび運営の制限または規制； |
| ● | 維持と開発 ブロックチェーンネットワークのオープンソースソフトウェアプロトコル； |
| ● | 消費者人口構造の変化 大衆の好みや好みを |
| ● | 可用性と人気度 政府によってサポートされる新しい手段を使用することを含む、商品およびサービスまたは取引資産を売買する他の形態または方法 通貨や既存のネットワーク |
| ● | 電流の大きさ NFTへの興味は投機的な“バブル”を代表する |
| ● | 一般経済状況 アメリカや世界では |
| ● | 環境を規制する NFTとブロックチェーンとの関係；および |
| かなりの費用がかかる クレームを正当化する金額 | ● |
| 多額の費用を払う必要がある 他の特許所有者に使用料を支払うか、または私たちの特許交差許可を付与する | ● |
レシピを再設計する必要があります 製品が侵害されないことは不可能かもしれないし、大量の資金や時間が必要かもしれない；または
●
多額の費用を払う必要がある 金銭的損失。
ii
以下のようなことが発生すれば、私たちの製品の将来の販売は影響を受ける可能性があります それらは市場で消費者と顧客に受け入れられない。
私たちの製品(ハラール製品、 ナノコーティング平板フィルタと空気清浄機製品、新エネルギー製品、切替可能ガラス)は消費者の市場受け入れを得られない可能性がある お客さんと。私たちのどの製品に対する市場の受け入れ度は様々な要素に依存します
●
市場を打ち出すタイミングと
●
既存製品や新製品と比較した価格と製品機能。
製品責任のクレームに直面するかもしれません。 これは私たちの業務を損なうかもしれない。
消費財と電子製品のマーケティングと販売 製品自体に製品責任のリスクがある。私たちは私たちの製品に関する製品責任の開放に直面しています。是非の区別なく 最終的な結果責任クレームは
●
私たちの製品への需要が減少しました
●
私たちの名声を損なう
●
1
当社の普通株式の市場価格にプラスのまたはマイナスの価格圧力を及ぼす可能性のある販売または販売不足の少数の人の手に限られた「公開浮動」；
●
当社の普通株式の売却；
●
ビジネスプランを実行する能力は
| ● | 経営業績が予想を下回った |
| ● | 戦略的関係の喪失； |
| ● | 規制面での発展 |
| ● | 私たちの競争相手との研究開発、製造、マーケティング連合、あるいは協力の発展 |
| ● | 私たちは競争相手と技術革新や新しいビジネス製品を発表しました |
| ● | 当社の製品または競合他社の製品に関する規制措置； |
| ● | 当社の特許出願および他者の特許出願に関する決定 |
| ● | 以下の表は、連結連結をまとめました。 各期間の営業利益に占める金額別および割合の営業決算書 |
12月31日までの年度
金額
純額のパーセント
収益
2
金額
純額のパーセント
収益
金額
純額のパーセント
収益
収入：
製品
コストと費用
販売コスト
従業員福祉支出
財政コスト
3
減価償却および償却費用
専門費 · コンサルティング費
旅費 · 宿泊費
収入.収入
金額
純額のパーセント
収入.収入
| - | 製品 |
| - | ハラール製品 |
| - | 売上高 |
| - | 営収. 2023年12月31日終了年度の経営活動収入は373，676ドルであったが，前年は364，405ドルと増加した 9，271ドルで、前年より2.54%増加した。この年度の主な収入源はハラール製品の販売です。それと比較した売上高の伸び 前年の成長は主に業務運営の安定に起因していた。2024年にはもっと重視していきます ハラール製品の販売；しかし、私たちはまたデジタル資産市場から費用を受け取る予定だ。 |
| - | 販売コスト |
| - | 次の表. 売上コストを収入源、金額、および示された年間純収入に占める割合で示した |
| - | 十二月三十一日までの年度 |
| - | 金額 |
| - | 純額のパーセント |
| - | 収入.収入 |
金額
4
純額のパーセント
収入.収入
製品.
販売コストは45.0%低下し、 2023年は261，566ドルですが、2022年は475，546ドルです。これは主に私たちの製品が2023年にヨーロッパではなくマレーシアで販売されているからです。 2022年、ウクライナ紛争と私たちの浸透による予期せぬ市場動態により、商品コストはもっと高いです。 欧州戦略は、2022年の販売コストが売上高よりも高いことを招いた。
毛利と利回りです。
新しい規格と規格の改正は 2024 年 1 月 1 日以降の年次に適用され、それ以前の申請が認められますが、グループは早期に採用していません。 連結財務諸表の作成にあたります。
新規または改訂された標準今後の要件
規格のタイトル
年間有効
開始日または終了後
売却 · リースバックにおけるリース責任
5
IFRS 16 リースの改正
2024 年 1 月 1 日
| 負債の経常 · 非経常の分類 | IAS 1 財務諸表の提示の改正 |
| 2024 年 1 月 1 日 | 仕入先の財務手配 |
| 国際会計基準第7号及び国際財務報告準則第7号の修正 | 2025 年 1 月 1 日 |
| 互換性を欠く | “国際会計基準”第21条改正案 |
| 2025 年 1 月 1 日 | 投資家とその関連会社または合弁会社との間の資産の売却または出資 |
IFRS 10 連結財務諸表および IAS 28 関連会社および合弁事業への投資の改正
オプションの採択 / 施行日無期限延期
| 当社は研究開発を行っていない。 2023 年と 2022 年の研究開発費用は発生しません。 | 当社は製剤に関する研究を行ってきました。 2021 年の金融リサーチ事業の信用モデルの概要金融調査事業は 2022 年に処分された。 関連会社への投資として計上しました |
| D.トレンド情報 | 事業展開を続けている。 そして、当社は将来の事業の結果をどの程度の精度でも予測することはできません。業務は主に 事業と技術のさらなる開発と商業化に依存しています |
| E 。【予約】 | F 。【予約】 |
| 第 6 話。取締役 · 上級管理職 · 従業員 | 役員と上級管理職 |
| 以下の表は、取締役と 上級管理職とフォーム 20—F のこの年次報告書の日付時点で保有していた職務。 | 名前.名前 |
| ポジション | ハズラン · モハメド氏 |
6
独立非執行役員
ムハンマド · ズバイリー · ビン · フセイン氏
独立非執行役員
Ms. Jannu Binti Babjan
独立非執行役員
ジョン · キ · パク氏
共同最高経営責任者
ダト · メガ · ラズマン · ビン · メガット · カイルディン
オプション
7
ハズラン · モハメド氏
適用されない
適用されない
適用されない
適用されない
適用されない
ムハンマド · ズバイリー · ビン · フセイン氏
適用されない
適用されない
8
適用されない
適用されない
適用されない
Dr. Zhi—Cheng Xiao
適用されない
適用されない
適用されない
適用されない
適用されない
Ms. Jannu Binti Babjan
適用されない
適用されない
9
適用されない
適用されない
| 適用されない | 適用されない |
| 適用されない | メガット · ラズマン · ビン · メガット · カイルディン博士 |
| 適用されない | 適用されない |
| 適用されない | 適用されない |
| 適用されない | ジョン · キ · パク氏 |
| 適用されない | 適用されない |
| 適用されない | 適用されない |
| 適用されない | モハド · ハズロール · ビン · モハド · ロスミー |
| 適用されない | 適用されない |
適用されない
適用されない
適用されない
張小東氏
適用されない
適用されない
10
適用されない
適用されない
適用されない
Jing Zhuo さん
適用されない
適用されない
適用されない
適用されない
11
適用されない
楊忠清氏
適用されない
適用されない
適用されない
適用されない
適用されない
ダン · リー
適用されない
適用されない
12
適用されない
適用されない
適用されない
Hui Zhong さん
適用されない
適用されない
適用されない
適用されない
適用されない
総額
適用されない
適用されない
適用されない
13
適用されない
ホールディングス
オーナーシップ
ハズラン · モハメド氏
ムハンマド · ズベイリー · ビン · フセイン氏
Ms. Jannu Binti Babjan，
メガット · ラズマン · ビン · メガット · カイルディン博士
ジョン · キー · パーク
モハド · ハズロール · ビン · モハド · ロスミー
取締役 · 役員全員 （ 6 名 ）
14
ネクストグラステクノロジーズ株式会社
Nextglass Solutions Inc.
オーホコリア株式会社Ltd
ココ · リミテッド
コン · ウネルコフ
Montague Capital Pty Ltd
1%以下
メモ：
2023 年 7 月 4 日に取締役に就任。
2024 年 5 月 23 日に取締役に任命。
2023 年 5 月 5 日に同社の共同最高経営責任者に任命。
15
16H 。鉱山の安全性開示
該当しない。
16 I 号。防止する外国法域に関する開示 検査内容
該当しない。
第三部
16
プロジェクト17.財務諸表
財務諸表および関連情報の提供を選択しました。 第 18 項に記載。
プロジェクト18.財務諸表
インテグレーテッドメディアテクノロジー株式会社
連結財務諸表索引
カタログ
ページ
独立公認会計士事務所レポート(PCAOB ID：
2021 年 12 月 31 日期、 2022 年および 2023 年期連結損益計算書
17
連結財務諸表 2022 年 12 月 31 日および 2023 年 12 月 31 日現在
2021 年 12 月 31 日、 2022 年および 2023 年 12 月 31 日期における株主資本の変動に関する連結計算書
2021 年 12 月 31 日、 2022 年および 2023 年の連結キャッシュ · フロー計算書
| 連結財務諸表付記 | F—7 から F—62 |
| 独立公認会計士の報告書 FIRM | 十二月三十一日までの年度 |
| 注記 | US $ |
| US $ | US $ |
| 収入，純額 | 販売コスト |
利 子 収入
その他の収入
| デリバティブ金融商品の公正価値変動による利益 （ 損失 ） | その他総合利益による金融資産の公正価値処分による損失 |
| 費用 | 融資コスト |
従業員福祉支出
減価償却および償却費用
| 専門 · コンサルティング費用 | 旅行 · 宿泊費 |
| その他の費用 | その他の収益 |
| 関連会社の損失分担 | ワラントの公正価値変動による利益 （ 損失 ） |
| 総費用 | 所得税前損失 |
| 所得税費用 | 本年度の赤字 |
| 以下に起因する損失および当年の総合損失総額 ： | インテグレーテッド · メディア · テクノロジー株式会社 |
非制御的権益
18
1株当たり損失
ドル
ドル
ドル
- 基本および希釈.
上記連結利益計算書または 損失と包括損失は付属の注釈と併せて読む必要があります
インテグレーテッド · メディア · テクノロジー株式会社
合併財務状況表
| (in米ドル ） | 十二月三十一日 |
| 注記 | ドル |
| ドル | 資産 |
| 流動資産 | 現金 · 現金同等物 |
売掛金
19
その他売掛金
在庫情報
融資を受けるべきだ
その他流動資産
アソシエイトからの支払金額
旧グループ会社からの支払金額
流動資産総額
非流動資産
プラント · 設備、ネット
その他の資産 — 設備預金
20
無形資産
関連会社への投資
| 非流動資産総額 | 総資産 |
| 負債.負債 | 流動負債 |
| 貿易 · その他の負債 | 転換可能なチケット |
| デリバティブ金融商品 | 株式証負債 |
流動負債総額
非流動負債
転換可能なチケット
株式証負債
非流動負債総額
21
総負債
NEt CURRENt 資産
純資産
資本 · 準備金
発行資本 （
違います。
パー値 そして
* 2023 年 12 月 31 日現在発行済普通株式および 2022 年 12 月 31 日現在発行済普通株式 ）その他の備蓄
ドル
22
ドル
ドル
ドル
2020 年 12 月 31 日現在および 2021 年 1 月 1 日現在残高
2021 年の資本変更 ：
本年度の赤字
23
その他総合所得による公正価値
本年度の総合損失総額
| 累積損失へのその他の準備金の振り替え | 子会社を買収する |
| 付属会社の処置 | サービス用株式の発行 （ 注 25 （ b ） ） |
| 現金新普通株式の発行 （ 注釈 25 （ b ） ） | 2021 年 12 月 31 日および 2022 年 1 月 1 日時点の残高 |
| 2022 年の資本変更 ： | 本年度の赤字 |
| その他総合所得による公正価値 | 本年度の総合損失総額 |
| 金融資産の売却に伴うその他の準備金の解放 | 十二月三十一日までの年度 |
| 注記 | ドル |
| ドル | ドル |
| 経営活動のキャッシュフロー | 所得税前損失 |
| 営業活動に使用された純現金に対する所得税引前損失の調整 ： | 減価償却 · 償却 |
| デリバティブ金融商品の公正価値変動 | 株式許可証は価値変動を公正に許可する |
| アソシエイトの損失分担 | 運転資本の変動による純現金流入 / 流出 |
| 在庫の提供 | 貿易債権引当金 |
| 設備預金規定 | その他債権引当金 |
| 債権引当金 | その他の流動資産引当金 |
| アソシエイトからの支払いの引当金 | これらの総合財務報告の目的のために 宣言すると、関連側は、以下のように定義された個人およびエンティティを含む |
| 任意の人またはその家族の近親者は、以下の場合、当集団と親族関係がある | このグループに対して支配権または共同支配権を持っている |
| 本グループに重大な影響を与える | 本グループの主な管理者や当グループの親会社のメンバーです。 |
| 以下のいずれかの条件が適用される場合、事業体はグループに関連しています。 | このエンティティと本グループは同一グループのメンバである(これは，各親会社，子会社，同系子会社が相互に関連していることを意味する). |
| 1つのエンティティは、別のエンティティの共同経営または合弁企業である(または別のエンティティは、そのメンバーのグループメンバーの共同または合弁企業である)。 | この二つの実体はいずれも同じ第三者の合弁企業だ。 |
| 1つのエンティティは第3のエンティティの合弁企業であり、もう1つのエンティティは第3のエンティティの関連企業である。 | 当該エンティティは、本グループ又は本グループに関連するエンティティの従業員の利益のために設立された退職後福祉計画である。 |
| このエンティティは、(1)第1項に掲げる者によって制御または共同制御される。 | (I)(I)項で決定された人は、そのエンティティに重大な影響を与えるか、またはそのエンティティ(またはエンティティの親会社)の鍵管理者のメンバーである。 |
| エンティティまたはその所属グループの任意のメンバは、報告エンティティまたは報告エンティティの親エンティティにキー管理者サービスを提供する。 | 付記3.重大会計政策(続) |
| (Aa)公正価値 | 公正な価値は金融資産と 責任の測定と様々な開示。 |
| 公正価値は受け取る価格です 計量日に市場参加者間の秩序ある取引において資産を売却するか、または移転負債を支払う行為。そうなんです。 取引に基づいて資産または負債の主要市場で発生する、または存在しない場合 主力市場は、最も有利な市場にある。最も有利な市場の元本は，本グループが到達しなければならないか，あるいは本グループが獲得することができる. | 公正価値は以下の仮定を用いて計測される 市場参加者の行動がその最適な経済的利益に適合すると仮定すると、市場参加者は資産または負債の価格設定の際に使用される。 |
非財務会計基準の公正価値計量 資産は市場参加者が最高かつ最高の方法で資産を使用することで経済的利益を生成する能力を考慮している 資産は、使用またはそれを別の市場参加者に販売することによって、最高かつ最高の方法で使用される。
十二月三十一日
24
US $
十二月三十一日
US $
ハラール商品の販売
3D オートステレオ製品 · 変換機器の開発 · 販売 · 販売
エアフィルター製品の販売
総収入
25
事業セグメントは、 執行役員による審査の基準ですエグゼクティブディレクターは、最高経営責任者と考えられています。 グループです。エグゼクティブ · ディレクターは、グループがこれに基づいて資源を評価し配分したと考えています。エグゼクティブディレクター グループが
7人
2023 年 12 月 31 日期営業セグメント （ 2021 年 ：
6人
2022 年 ：
7人
） 、 （ 1 ） 、 電子ガラスの販売、 （ 2 ） エアフィルター製品の販売、 （ 3 ） ハラール製品の販売、 （ 4 ） NFt 、 （ 5 ） 企業向け、 （ 6 ） コンサルティング業務 （ 7 ） 新エネルギー製品とソリューションの提供。
収入の分類
26
商品 · サービスの移転の時期
ある時点で
時間内に
US $
以下の表は、顧客の所在地に基づく地域別市場によるグループの売上高の分析を示しています。
統合された
十二月三十一日
US $
十二月三十一日
US $
十二月三十一日
27
US $
マレーシア
香港.香港中国アメリカです
地理的非流動資産
統合された
十二月三十一日
US $
十二月三十一日
28
US $
十二月三十一日
US $
アメリカです
韓国
マレーシア
カナダ
オーストラリア
香港.香港
中国
主な取引先
29
2023 年 12 月 31 日期については、 ハス
三つ
個人顧客 （ 2022 年と 2021 年 ） ：
二つ
そして
二つ
収益は以下のものより多い。
30
グループ収益の割合 各顧客からの債権は以下のとおりです。
2023年12月31日
2022年12月31日
2021年12月31日
パーセント
オフ
収益
31
てんびん
デュー
US $
パーセント
オフ
収益
てんびん
デュー
32
US $
パーセント
オフ
収益
支払残高
ドル
顧客A
顧客B
顧客C
顧客D
注 4 。収益とセグメント情報 （ 続き ）
統合された
31 年度終了
2022 年 12 月
セールス
エレクトロニック
| * | グラス |
33
US $
セールス
空気フィルター
製品情報
| US $ | ||||||||||||
| セールス 2023 $ | ハラール 2022 $ | 製品情報 2021 $ | ||||||||||
| US $ | 373,676 | 364,405 | - | |||||||||
| Provision of | 4 | 392,622 | 14,096 | |||||||||
| 信用リスク | - | - | 2,974 | |||||||||
| 分析 | - | - | 141,337 | |||||||||
| 373,680 | 757,027 | 158,407 | ||||||||||
US $
| Provision of | ||||||||||||
| コンサルティング 2023 $ |
US $ 2022 $ | NFt $ | ||||||||||
| US $ | 373,676 | 364,405 | 58,380 | |||||||||
| 会社 | - | - | 2,974 | |||||||||
| US $ | - | - | 5,116 | |||||||||
| 合計する | - | - | 77,841 | |||||||||
| 373,676 | 364,405 | 144,311 | ||||||||||
US $
34
収益
営業活動収入
利 子 収入
株式商品投資の処分利益
投資の公正価値変動による損失
その他の収入
35
市場収入を細分化する
販売コスト
従業員福祉支出
減価償却および償却費用
専門 · コンサルティング費用
旅費 · 宿泊費
36
その他の運営費
融資コスト
関連会社の損失分担2付属会社の収益を売却する
子会社の処分推定損失
在庫の提供
不良債権準備
財産 · 設備の償却
ワラントの公正価値変更による損失
為替利益 / （ 損失 ）
| セグメント経費 | セグメント営業 （ 損失 ） / 利益 |
| セグメント資産 2022 | セグメント負債 2022 |
| 注 4 。収益とセグメント情報 （ 続き ） | 統合された |
37
2021 年 12 月 31 日末期
開発 ，
販売と
ドル
NFT
ドル
会社
ドル
総額
ドル
収益
営業活動収入
利 子 収入
デリバティブ金融商品の公正価値変動
38
その他の収入
| 市場収入を細分化する | 販売コスト |
| 従業員福祉支出 | 減価償却および償却費用 |
| 専門 · コンサルティング費用 | 旅費 · 宿泊費 |
| その他の運営費 | 在庫陳腐化手当の逆転 |
| 不良債権準備 | 子会社の処分による利益 （ 損失 ） |
| 融資コスト | セグメント経費 |
セグメント営業利益 （ 損益 ）
セグメント資産 2021
セグメント負債 2021
注釈 5 。その他の収入
統合された
十二月三十一日
US $
十二月三十一日
39
US $
十二月三十一日
US $
負債の免除
投資からの引受手数料
雑費収入
注釈 6 。財務コスト
統合された
十二月三十一日
US $
十二月三十一日
US $
十二月三十一日
US $
40
銀行当座越し · 借入利子
回転ローン利子
営業リース債務の利子
転換手形利子 （ 注 20 ）
注釈 7 。所得税引前損失
統合された
十二月三十一日
US $
十二月三十一日
US $
十二月三十一日
US $
従業員給付費 ：
- 賃金 · 給与
- スタッフ福祉
- 確定拠出金スーパーアニュエーションプランの費用
- 執行役員報酬
- 非執行役員報酬
給付総額
41
非流動資産の減価償却 · 償却 ：
- 機械類
- オフィス家具 · 機器
- 賃貸住宅改善
- 無形資産
- 資産の利用権
減価償却および償却総額
その他の経費 ：
不良債権の引当金 / （ 回収 ）
オペレーティングリースのレンタル費用
42
在庫の提供
設備預金提供
その他の債権引当金
債権引当金
その他の流動資産引当金
統合された
2023年12月31日
US $
2022年12月31日
US $2021年12月31日
US $所得税費用
繰延税金支出
43
所得税費用
所得税前の損失に対する一見の税金は 所得税費用は以下の通りです。
| 統合された | 十二月三十一日 | US $ | 十二月三十一日 | |||
| US $ | 十二月三十一日 | US $ | 所得税費用と一見の納税額の数値調整 | |||
| 所得税前損失 | i ） 一時的な差異 | ii ） 税金損失 | 税金損失は現行の税法では失効しません。 繰延税金資産は、将来の課税利益が増加する可能性が低いため、これらの損失について認識されていません。 グループが繰延税金資産の恩恵を利用できる利用可能なものです。 | |||
| (d)連結決算書には所得税が納められていなかった。 2023 年と 2022 年の財務状況について。 | 注記 9 。配当 | 違います。 | 配当は宣言され、支払われました。 2023 年 12 月 31 日期 （ 2022 年 ） | |||
| ありません | 注釈 10 。1 株あたりの損失 | 統合された | 十二月三十一日 | |||
| 十二月三十一日 | 十二月三十一日 | 株主に帰属する所得税引後損失 | ドル | |||
| ドル | ドル | 普通株数 | 発行普通株式の加重平均数 | |||
| 1株当たりの基本損失と赤字 | ） 報告の終わりに期限が過ぎたもの グループが減損損失額を計上した期間 | (2022： US $ | 貿易債権の帳簿価額を考慮する 残高の短期的性質に対する公正価値の合理的な近似です | |||
| 報告時の信用リスクの最大エクスポージャー 日付は連結財務諸表における債権の各クラスの公正価値です詳細は注釈 28 （ e ） を参照。 信用リスクマネジメントです | 注釈 11 。貿易受取物その他 債権その他の流動資産 （ 続き ） | (b)その他の債権 | 統合された | |||
| 十二月三十一日 | US $ | 十二月三十一日 | US $ | |||
| その他売掛金 | 規定 | その他の債権は、主にハラール購入の前払いです。 製品と内層フィルム。 | (c)その他の流動資産 |
| * | 統合された |
十二月三十一日
US $
十二月三十一日
44
US $
商取引預金
その他の預金
繰り上げ返済する
| A. | 付加価値税売掛金 |
その他の流動資産引当金
その他の預金は主にエアフィルター設計の購入に関連しています。 そして製品。
注釈 12 。インベントリー
在庫は以下のとおりです。
45
統合された
十二月三十一日
US $
十二月三十一日
US $
完成品 — ハラール製品
完成品 — ディスプレイおよびその他の製品
在庫の提供
注釈 13 。貸し出し可能
統合された
十二月三十一日
46
US $
流動資産
| 非流動資産 | ||||||||||||||||||||||||
| 2023 | 2022 | 2021 | ||||||||||||||||||||||
| 経常負債 $ | 純資産 純資産のグループシェア | 12 月 31 日期末 $ | 収入，純額 税引後の損失 | 注釈 29 （ b ） に開示されている場合を除き、非貿易は アソシエイトからの支払額は無担保です。 $ | % の利子ベアリングと需要に応じて返済。 注釈 15 。旧グループ会社からの支払金額 | |||||||||||||||||||
| 統合された | ||||||||||||||||||||||||
| 十二月三十一日 | 373,676 | 100.0 | 364,405 | 100.0 | 144,311 | 100.0 | ||||||||||||||||||
| US $ | ||||||||||||||||||||||||
| 十二月三十一日 | 261,566 | 70.0 | 475,546 | 130.5 | 111,680 | 77.4 | ||||||||||||||||||
| US $ | 517,547 | 138.5 | 1,011,992 | 277.7 | 1,206,065 | 835.7 | ||||||||||||||||||
| 旧グループ会社からの債務額 — ネット | 418,622 | 112.0 | 633,884 | 174.0 | 1,495,288 | 1,036.2 | ||||||||||||||||||
| 旧グループ会社からの債務引当金 | 919,465 | 246.1 | 1,373,141 | 376.8 | 991,512 | 687.1 | ||||||||||||||||||
| 2022 年 12 月 31 日現在、前グループからの非貿易債務額は 企業は約 US $の金額を含みます | 1,242,743 | 332.6 | 4,311,514 | 1,183.2 | 1,775,586 | 1,230.4 | ||||||||||||||||||
| 当社が発行した無利子可換社債に係る 100 万ドル 無担保で転換社債の満期日に支払われる金額については、注釈 20 （ a ） に記載しています。2023 年には、これらの非貿易金額 US ドル換算による決済 | 5,932 | 1.6 | 110,526 | 30.3 | 68,291 | 47.3 | ||||||||||||||||||
| トゥ | 19,280,901 | 5,159.8 | 1,492,470 | 409.6 | 480,013 | 332.6 | ||||||||||||||||||
| 会社の株式と約 US ドル残高 | (14,885 | ) | (4.0 | ) | (98,144 | ) | (26.9 | ) | (1,256,730 | ) | (870.8 | ) | ||||||||||||
| 百万は eGlass Technologies Limited の株式転換による決済。 | (2,396,291 | ) | (641.3 | ) | 2,408,271 | 660.9 | - | - | ||||||||||||||||
| その他旧グループ会社に対する債務金額 興味がなく、 | 175,507 | 47.0 | 223,354 | 61.3 | - | - | ||||||||||||||||||
| 年間% と需要に応じて返済可能。年内、旧グループ会社の請求利子は US ドルへ | 20,411,107 | 5,462.2 | 11,942,554 | 3,277.3 | 4,871,705 | 3,375.8 | ||||||||||||||||||
| (2022： US $ | (20,037,431 | ) | (5,362.2 | ) | (11,578,149 | ) | (3,177.3 | ) | (4,727,394 | ) | (3,275.8 | ) | ||||||||||||
| 注記 16 。プラントと設備 | ||||||||||||||||||||||||
| 統合された | 4 | 0.0 | 392,622 | 107.7 | 14,096 | 9.8 | ||||||||||||||||||
| 賃借権 | 1,677,178 | 448.8 | 484,361 | 132.9 | (629,564 | ) | (436.3 | ) | ||||||||||||||||
| 改善 | - | - | (202,363 | ) | (55.5 | ) | - | - | ||||||||||||||||
| ドル | 10,137 | 2.7 | 1,990 | 0.5 | 250,944 | 173.9 | ||||||||||||||||||
| 備品と | (18,350,112 | ) | (4,605.3 | ) | (10,901,539 | ) | (2,991.6 | ) | (5,091,918 | ) | (3,528.4 | ) | ||||||||||||
| 設備 | - | - | - | - | - | - | ||||||||||||||||||
| ドル | (18,350,112 | ) | (4,605.3 | ) | (10,901,539 | ) | (2,991.6 | ) | (5,091,918 | ) | (3,528.4 | ) | ||||||||||||
47
機械設備
US $
総額
| US $ | ||||||||||||||||
| 2023 | 2022 | |||||||||||||||
| 2021年12月31日まで $ | 費用 減価償却累計 | 2021 年 12 月 31 日現在の残高 $ | 2022年12月31日までの年度 開設運搬金額 | |||||||||||||
| 追加 | ||||||||||||||||
| 処分 | 373,676 | 100.0 | 364,405 | 100.0 | ||||||||||||
核販売. 減価償却費用
2022 年 12 月 31 日現在の決算残高.2022年12月31日まで
| 費用 | ||||||||||||||||
| 2023 | 2022 | |||||||||||||||
| 減価償却累計 $ | 2022 年 12 月 31 日末の残高 2023年12月31日までの年度 | 開設運搬量 $ | 追加 減価償却費用 | |||||||||||||
| 2023 年 12 月 31 日現在の決算残高 | 261,566 | 70.0 | 475,546 | 130.5 | ||||||||||||
2023年12月31日まで
費用減価償却累計
2023 年 12 月 31 日現在の残高
注釈 17 。設備預かり
統合された
十二月三十一日
US $
十二月三十一日
48
US $
1 月 1 日現在の運搬価額
年間の追加
旧グループ会社への処分
| - | 年間供給量 | |
| - | 年度末のキャリバリー価値 |
| - | 設備預金はラミネーション設備のためです スマートガラスの製造のためにこの年、同社はさらに $のデポジットを支払いました。 |
| - | スイスに 100 万ドル、購入時限定 計画された運転のために 3 つの追加ラインを建設し、 $ |
| - | 2021 年に支払われたラミネーションラインのデポジットのために 100 万ドル |
| - | 注釈 18 。無形資産 |
| - | 統合された |
| - | テクノロジーとノウハウ |
| - | US $ |
特許と商標
US $
ソフトウェアおよびライセンス
US $
49
グッドウィル
ドル
総額
| US $ | ||||||||||||||||
| 2022 | 2021 | |||||||||||||||
| 費用 $ | 2022年1月1日まで 追加 | 処置する $ | 核販売 2022年12月31日まで | |||||||||||||
| 2023年1月1日まで | ||||||||||||||||
| 追加 | 364,405 | 100 | - | - | ||||||||||||
| 規定 | - | - | 2,974 | 2.1 | ||||||||||||
| 2023年12月31日まで | - | - | 141,337 | 97.9 | ||||||||||||
| 償却 · 減損損失の累積 | 364,405 | 100 | 144,311 | 100.00 | ||||||||||||
2022年1月1日まで. 償却
処置する.核販売
| 2022年12月31日 | ||||||||||||||||
| 2022 | 2021 | |||||||||||||||
| 2023年1月1日まで $ | 償却額 2023年12月31日まで | 帳簿金額 $ | 2023年12月31日まで 2022年12月31日まで | |||||||||||||
| 注釈 19 。貿易およびその他の支払金 | 475,546 | 130.5 | 111,680 | 77.4 | ||||||||||||
| 統合された | - | - | - | - | ||||||||||||
| 十二月三十一日 | 475,546 | 130.5 | 111,680 | 77.4 | ||||||||||||
US $
十二月三十一日 US $
貿易買掛金
その他の支払い
取締役への支払額 （ i ）
応算項目
取締役に対応する金は、非貿易的、無担保、無利子および要求時に返済される。
付記20.転換可能チケット
50
統合された
十二月三十一日
US $
十二月三十一日
| - | US $ | |
| - | 2022年7月から12月までに発行される転換可能な元札(付記1) |
| - | 2023年11月に発行された転換可能な額面(付記2) |
| - | 他の準備金に対する債務の割引 |
| - | 発行された変換可能なチケットに含まれる派生ツール(付記) 22) |
| - | 初回確認時の負債構成 |
| - | 当社株に転換する |
| - | EGlass株に変換して償還する |
| - | 応算利息 |
年末の帳簿価値
注1
2022年7月から12月まで、当社は発表します 総額は約ドルだ
百万変換可能チケット(“CPNote(S)”)。CPNotesは無利子、無担保、転換可能です。 EGlassに当社前付属会社eGlass Technologies Ltd.(“eGlass”)の株式を受け取りました。 オーストラリア証券取引所(“ASX”)からの通知は、換算価格でオーストラリア証券取引所の公式上場リストに組み込まれる。 イコール
51
株価より%割引します。
売却純資産の繰越額 （ 下記 （ i ） ）
| 所得税引前売上損失及び外貨換算準備金の分類変更 | 非制御的権益 | 所得税引後処分損失 (i)処分純資産 ： | ||
| 統合された | ドル | ドル | ||
| ドル | 無形資産 | 現金 · 銀行残高 | ||
| その他の預金 · 前払い | 関連会社への債務額 | 貿易その他の負債 | ||
| 注記 24 。ビジネスコンビネーション （ 続き ） | (b)子会社の処分とみなす （ 続き ） | (ii)子会社の売却による純キャッシュフロー | ||
| 統合された | ドル | ドル |
ドル
受領した対価とみなし、アソシエイトへの投資に満足
処分した子会社の現金及び現金同等物 （ 銀行預金及び銀行当座預金を含む ）
(c)子会社の買収
2022 年 1 月 31 日、当社は
| %
株式会社ジョイント · インベストメント （ 「 JIL 」 ） の発行済資本金。契約に基づき、当社は米ドルを投資しました。 ね JIL が代表する | JIL の出資% と相手方が受け取った 出資による JIL の出資比率 NFt 事業の運営 · 管理 · 事業開発において | 2023 年 6 月 28 日、当社は % of 伊丹エナジー株式会社 （ 旧名称 ： テコエナジー株式会社 ） （ 「テコ」 ） の発行済資本金。契約に基づき、当社は 投資 US $ | ||||||||
| 代表する TEKO で | ||||||||||
| テコの株式保有率と | 2021 | 2,051 | * | 74,100 | ||||||
| 子会社の Admiral Energy （ オーストラリア ） Pty の% 株式会社 | 2021 | 279,523 | * | 12,160,400 | ||||||
| 購入対価の詳細、ネット 取得した資産と善意は以下の通りです。 | 2022 | 220,000 | * | 3,498,000 | ||||||
| 統合された | 2022 | 782,277 | * | 22,550,846 | ||||||
| ドル | 2022 | 117,256 | * | 3,444,872 | ||||||
| ドル | 2023 | 29,999 | * | 90,000 | ||||||
| ドル | 2023 | 66,145 | * | 348,485 | ||||||
| 購入対価 （ 下記 （ b ） 参照 ） ： | 2023 | 607,817 | 1,497,043 | |||||||
| 支払いの現金 | 2023 | 114,116 | 228,232 | |||||||
| 発行済普通株式 | 2023 | 300,000 | 750,000 | |||||||
| 総購入考慮事項 | 2023 | 240,000 | 600,000 | |||||||
| * | 買収により認識された資産 · 負債は以下のとおりです。 |
52
現金
その他の資産
無形資産
装備
| 掛け金を払う | ||||||||||||
| 2023 | 2022 | 2021 | ||||||||||
| $ | $ | $ | ||||||||||
| その他の支払い | 2,840,058 | (17,183,849 | ) | (5,166,965 | ) | |||||||
| 取得された特定可能負債 | (14,998,240 | ) | (15,083,437 | ) | (11,305,979 | ) | ||||||
| 非支配権益の増減 | 12,783,427 | 32,118,268 | 14,981,072 | |||||||||
| 善意の増大 | 625,245 | (149,018 | ) | (1,491,872 | ) | |||||||
| その他準備金の増加 | 50,536 | 199,554 | 1,691,426 | |||||||||
| 注釈 25.発行済資本金 | 675,781 | 50,536 | 199,554 | |||||||||
(a)株式資本
2023年12月31日
2022年12月31日
2021年12月31日
53
数量
株式 *
ドル
数量
株式数 *
ドル
数量
株式 *
| A. | ドル |
普通株式全額支払
| 2023 年 10 月 16 日に 10 株 1 株の株式連結を遡及的に適用しました。 | (b)普通株式資本の変動 | |
| 会社(1) | 番号をつける | |
| 株式の(2) | ドル | |
| 2021年1月1日(3) | サービス用株式の発行 | |
| 現金換株式発行(4) | 債務の発行に関する法的費用 | |
| 2021年12月31日(5) | 現金と銀行残高 | |
| 売掛金(6) | その他売掛金 |
| (1) | その他の資産 |
| (2) | 関連会社からの支払 |
| (3) | 旧グループ会社からの債務 |
| (4) | 金融資産総額 |
| (5) | 金融負債 |
| (6) | 貿易その他の負債 |
54
デリバティブ金融商品株式証負債
転換可能なチケット
金融負債総額注釈 28 。金融リスクマネジメント （ 続き ）
(b)金利リスクマネジメント （ 続き ）
統合された重みをつける
平均効果
利子 利率
浮遊
55
利子 利率
US $
据え置き
利子
利率ノン
利子
軸受
US $総額
US $
金融資産
現金と銀行残高売掛金
その他売掛金
融資を受けるべきだその他の資産
56
関連会社からの借金旧グループ会社からの債務
金融資産総額金融負債
貿易その他の負債転換可能なチケット
金融負債総額
(c)為替リスク
グループの純資産は 2023 年 12 月 31 日時点の外国通貨。グループを通貨に曝す外国通貨建て金融資産 · 負債 リスクは以下の通りです。
金額は、以下の決算レート、 AUD で USD に換算された主要経営陣に報告された金額です。
, CNY
、 EUR
， HKD
MYR です
57
、 SGD
、 KRW
| GBP と | 統合された |
| 短期曝露 | 長期曝露 |
| マイル | AUD |
| KRW | SGD |
マイル
AUD
| KRW | SGD | 2023年12月31日 | ||||||||||||||||||||||||||
| 金融資産 | - 現金および現金等価物 | -貿易およびその他の入金 | - 貸付債権 | |||||||||||||||||||||||||
| - その他の資産 | - 関連会社からの支払 | - 旧会社からの借金 | ||||||||||||||||||||||||||
| 金融負債 | - 貿易その他の負債 | - 可換手形 | 総暴露量 | 注釈 28 。金融リスクマネジメント （ 続き ） | % ） では、以下のような影響がありました。 | |||||||||||||||||||||||
| $ | $ | $ | $ | $ | $ | $ | ||||||||||||||||||||||
| 統合された(1) | 8,806 | 本年度の赤字 | 香港ドル | AUD | GBP | ユーロ | 8,806 | |||||||||||||||||||||
| マイル(2) | 8,806 | KRW | SGD | 総額 | 2023年12月31日 | 2021 年 12 月 31 日 | 8,806 | |||||||||||||||||||||
| 統合された(3) | 9,550 | 株式会社 | 香港ドル | AUD | GBP | ユーロ | 9,550 | |||||||||||||||||||||
| マイル(12) | KRW | SGD | 総額 | 2023年12月31日 | 2022 年 12 月 31 日 | USD が HKD に対して弱くなった場合 | % ） 、 AUD by | |||||||||||||||||||||
| % ） 、 GBP by (4) | 142,935 | % ） 、ユーロによって | % ） 、 MYR by | % ） 、 KRW によって | % ） 、および SGD によって | % ） では、以下のような影響がありました。 | 142,935 | |||||||||||||||||||||
| 統合された(5) | - | 本年度の赤字 | 香港ドル | AUD | GBP | ユーロ | - | |||||||||||||||||||||
| マイル(6) | 51,852 | KRW | SGD | 総額 | 2023年12月31日 | 2022 年 12 月 31 日 | 51,852 | |||||||||||||||||||||
| 統合された(7) | 106,296 | 株式会社 | 香港ドル | AUD | GBP | ユーロ | 106,296 | |||||||||||||||||||||
| マイル(8) | 57,477 | KRW | SGD | 総額 | 2023年12月31日 | 2022 年 12 月 31 日 | 57,477 | |||||||||||||||||||||
| 為替レートへのエクスポージャーは 海外取引の量によって異なりますただし、上記の分析は、グループを代表するものと考えられます。 為替リスクへのエクスポージャー(9) | 7,086 | 注釈 28 。金融リスクマネジメント （ 続き ） | (d)流動性リスクマネジメント | 健全な流動性リスク管理は維持を意味する。 十分な現金と定期預金、十分な量のコミットされた信用ファシリティを通じた資金調達の利用可能性、 市場ポジションを閉じますキャッシュフロー予測と実際のキャッシュフローを継続的にモニタリングし、キャッシュフローのマッチングを行うことで、流動性リスクを管理します。 金融資産と負債の満期プロファイルです | 以下の表はグループの詳細です。 合意された返済条件または最早の日に基づく非デリバティブ金融負債の残存契約満期 グループが支払うことを求めることができます。この表は、財務負債の割引されていないキャッシュフローと 金利と元本キャッシュフローの両方を含みます | 統合された | 7,086 | |||||||||||||||||||||
| 総額(10) | 6,114 | 契約書 | 0 — 30 日 | 携帯する | 未割引 | またはオン | 6,114 | |||||||||||||||||||||
| 終わりました(11) | 24,265 | 金額 | キャッシュフロー | 需要 | 日数 | 日数 | 24,265 | |||||||||||||||||||||
| 1年 | 423,187 | ドル | ドル | ドル | ドル | ドル | 423,187 | |||||||||||||||||||||
| (1) | ドル |
| (2) | 貿易その他の負債 |
| (3) | 転換可能なチケット |
| (4) | 統合された |
| (5) | 総額 |
| (6) | 契約書 |
| (7) | 0 — 30 日 |
| (8) | 携帯する |
| (9) | 無割引 |
| (10) | またはオン |
| (11) | 終わりました |
| (12) | 金額 |
58
キャッシュフロー
需要
日数
日数
1年
ドル
ドル
約束手形
導関数
埋め込まれた
転換可能
債券
発行
Issue of
株式
他にも
59
| 1. | 予備 |
| 2. | 総額 |
| a) | ドル |
| 3. | ドル |
| 4. | ドル |
| 5. | ドル |
| 6. | ドル |
| 7. | 2023 年 1 月 1 日時点の開始残高 |
| 8. | 融資活動によるキャッシュフロー |
債務転換株式の発行
子会社の取得に伴う株式発行
Issue of
株式
他にも
予備
総額ドル
60
ドル
ドル
ドルドル
ドル
ドル
| 2022 年 1 月 1 日現在残高 | 融資活動によるキャッシュフロー運転資本の変動 |
| 債務転換株式の発行 | 債務割引デリバティブ金融商品の公正価値変動 |
| 金融資産の売却に伴うその他の準備金の解放 | 転換手形償還 |
| 導関数 | 埋め込まれた コンバーチブル |
61
債券
発行
Issue of
株式
他にも
| 予備 | 総額 |
| ドル | ドル |
ドル
ドル
ドル
ドル
ドル
ドル
2021 年 1 月 1 日時点の開始残高
融資活動によるキャッシュフロー
運転資本の変動
62
累積損失への他の準備金の振り替え
子会社を買収する
公正価値の変更
プラント · 設備の廃棄
2021 年 12 月 31 日末残高
| 注 30 。キャッシュフロー情報 （ 続き ） | 運転資本の変動による純キャッシュアウトフロー | 統合された | ||||||||||||||||||
| 十二月三十一日 | US $ | 十二月三十一日 | ||||||||||||||||||
| US $ | 十二月三十一日 | US $ | 運転資本の変動によるキャッシュフロー | % | ||||||||||||||||
| 資産の （ 増減 ） ： | 売掛金 | その他売掛金 | 在庫情報 | 支払済み | キャピタル | |||||||||||||||
| パーセント(1) | - | - | - | - | - | |||||||||||||||
| オーナー(1) | - | - | - | - | - | |||||||||||||||
| CIMC Marketing Pty Limited(2) | - | - | - | - | - | |||||||||||||||
| オーストラリア(3) | 4,152 | - | - | 4,152 | * | |||||||||||||||
| 経営サービス · 投資ホールディングス(4) | - | - | - | - | - | |||||||||||||||
| A $(5) | - | - | - | - | - | |||||||||||||||
| % （ 直接 ） | 4,152 | - | - | 4,152 | * | |||||||||||||||
| % （ 直接 ）(6) | 50,769 | - | 789,147 | 839,916 | 19.99 | % | ||||||||||||||
| IMTE Asia Limited(6) | - | - | 789,147 | 789,147 | 18.79 | % | ||||||||||||||
| 香港.香港(7) | 240,000 | - | - | 240,000 | 7.0 | % | ||||||||||||||
| 休眠する(8) | 210,000 | - | - | 210,000 | 6.2 | % | ||||||||||||||
| 香港ドル$(8) | 210,033 | - | 595,000 | 805,033 | 19.99 | % | ||||||||||||||
| % （ 直接 ）(8) | - | - | 595,000 | 595,000 | 14.78 | % | ||||||||||||||
| * | % （ 直接 ） |
IMTE マレーシア Sdn 。Bhd 。
| (1) | マレーシア |
| (2) | 電子ガラスの管理サービスと製造 |
| (3) | MYR |
| (4) | % （ 直接 ） |
| (5) | % （ 直接 ） |
| (6) | イタナホールディングス株式会社 |
| (7) | カナダ |
| (8) | 投資持株 |
63
ドル
% （ 直接 ）
% （ 直接 ）
メリット · ストーン · リミテッド
| a) | 英領バージン諸島 | |
| b) | 投資持株 |
ドル
% （ 直接 ）
| a) | % （ 直接 ） |
オーホインターナショナル
カナダ
| a) | フィルタープレート · エアフィルター製品の販売 |
| b) | ドル |
% （ 直接 ）
% （ 直接 ）
64
オークション · デジタル · リミテッド
カナダ
デジタル取引プラットフォームの提供とデジタル資産の販売
ドル
% （ 直接 ）
% （ 直接 ）
World Integrated Supply Ecosystem Sdn 。Bhd 。
マレーシア
ハラール商品の販売
MYR
% （間接）
% （間接）
イタナエナジー株式会社 *
オーストラリア
投資持株
A $
% （間接）
アドミラル · エナジー （ オーストラリア ） Pty Ltd *
オーストラリア
エネルギー製品の販売 · サービス
A $
% （間接）
年内に設立
注釈 33 。親会社情報 （ 未監査 ）
65
以下は補足情報です。 親のエンティティについて
総合損益計算書
会社
十二月三十一日
US $
十二月三十一日
US $
十二月三十一日
US $
所得税引後の損失
その他総合収益
全面損失総額
財務諸表
会社
66
十二月三十一日
十二月三十一日
ドル
ドル
非流動資産総額
流動資産総額
総資産
流動負債総額
非経常負債総額
負債総額
総資産負債
株式会社
発行済み資本
その他の備蓄
損失を累計する
総株式
親法人が締結した保証 子会社の負債に関しては
本年次報告書に記載されていること以外、 親会社は子会社の負債を保証していなかった。
あるいは負債がある
本年次報告書に記載されている場合を除き、 2023 年 12 月 31 日および 2022 年 12 月 31 日時点で、親事業体は偶発的債務を有していません。
67
資本コミットメント — 設備
親事業体は資本コミットメントがない。 2023 年 12 月 31 日および 2022 年 12 月 31 日時点のプラントおよび設備
2022 年 4 月 28 日に提出されたフォーム 20—F に参照して組み込まれました。
2022 年 7 月 12 日に提出されたフォーム 6—k の参照により組み込まれました。
2022 年 8 月 2 日に提出されたフォーム 6—k の参照により組み込まれました。
2022 年 8 月 17 日に提出されたフォーム S—8 の参照によって組み込まれました。
2023 年 10 月 24 日に提出されたフォーム 6—k の参照によって組み込まれました。
2024 年 7 月 24 日に提出されたフォーム 6—k の参照によって組み込まれました。
フォーム 20—F でこの年次報告書を提出しました。
署名
登録者は、ここに満たすことを証明します。 フォーム 20—F に提出するためのすべての要件を満たし、下記署名者にこの年次報告書に署名することを正当に許可した。 そのために
インテグレーテッドメディアテクノロジー株式会社
/ s / ジャンヌ · ビンティ · バジャン
投稿者：
68
ジャンヌ · ビンティ · バブジャン
タイトル：
議長.議長
日時 ： 2024 年 10 月 22 日
統合メディアテクノロジー株式会社
P 2 Y
2年
2年2年誤り
会計年度
デイ： ビジネスコンタクトメンバーifrs—full： IssuedCapitalMember
69
ifrs—full： 留保収益メンバー
| IFRS-FULL：他の保留メンバー | IFRS-FULL：非制御的利益メンバー |
| ifrs—full： IssuedCapitalMember | ifrs—full： 留保収益メンバー |
| IFRS-FULL：他の保留メンバー | IFRS-FULL：非制御的利益メンバー |
| ifrs—full： IssuedCapitalMember | ifrs—full： 留保収益メンバー |
| IFRS-FULL：他の保留メンバー | IFRS-FULL：非制御的利益メンバー |
| ifrs—full： IssuedCapitalMember | ifrs—full： 留保収益メンバー |
IFRS-FULL：他の保留メンバー
IFRS-FULL：非制御的利益メンバーifrs—full： IssuedCapitalMemberifrs—full： 留保収益メンバー
IFRS-FULL：他の保留メンバー
IFRS-FULL：非制御的利益メンバー
ifrs—full： IssuedCapitalMember
ifrs—full： 留保収益メンバー
IFRS-FULL：他の保留メンバーIFRS-FULL：非制御的利益メンバーifrs—full： IssuedCapitalMember
70
ifrs—full： 留保収益メンバー
IFRS-FULL：他の保留メンバーIFRS-FULL：非制御的利益メンバーifrs—full： BottomOfRangeMemberifrs—full： TopOfRangeMemberIFRS-FULL：コンピュータソフトウェアのメンバーifrs—full： BottomOfRangeMemberIFRS-FULL：コンピュータソフトウェアのメンバー
ifrs—full： TopOfRangeMember
IFRS-Full：レンタル改善メンバー
imte： オフィス家具 · 機器会員
imte： エアフィルター販売製品メンバー
imte： SalesOfAir フィルター製品メンバー
国/地域：私の
国/地域：私の
国/地域：私の
国：香港
71
国：香港
国：香港
国：CN
国：CN
国：CN
国： 米国
国： 米国
国： 米国
国： 米国
国： 米国
国： 米国
72
exch： GSXK
exch ： GSXK
exch： GSXK
国/地域：私の国/地域：私の
国/地域：私の
国：カリフォルニア州
73
国：カリフォルニア州
国：カリフォルニア州
国/地域：オーストラリア
国/地域：オーストラリア
国/地域：オーストラリア国：香港
74
国：香港
国：香港国：CN
国：CN
国：CN
imte： 顧客メンバーimte： 顧客メンバー
imte： 顧客メンバー
imte： CustomerBMember
imte： CustomerBMember
75
imte： CustomerBMember
imte： CustomerCMember
imte： CustomerCMember
76
imte： CustomerCMember
imte： CustomerDMember
imte： CustomerDMember
imte： CustomerDMember
imte： 顧客メンバー
imte： 顧客メンバー
77
imte： 顧客メンバー
imte： SalesOfElectronicGlassMember
imte： SalesOfAir フィルター製品メンバーimte： ProvisionOfConsultancy メンバー
imte ： NFTMemberimte： エネルギー製品 · ソリューションメンバー
imte： 企業メンバー
imte： 統合メンバー
imte： SalesOfElectronicGlassMember
imte： 信用リスク分析の提供メンバー
imte： ProvisionOfConsultancyMember
imte ： NFTMember
imte： 企業メンバー
78
imte： 統合メンバー
imte： 3DDisplays の開発販売imte： SalesOfElectronicGlassMemberimte： 信用リスク分析の提供メンバー
imte： NFTMember
imte： 企業メンバー
imte： 統合メンバー
IFRS-Full：機器メンバ
IFRS-Full：機器メンバ
IFRS-Full：機器メンバ
ifrs—full： OfficeEquipmentMember
ifrs—full： OfficeEquipmentMember
ifrs—full： OfficeEquipmentMember
IFRS-Full：レンタル改善メンバー
IFRS-Full：レンタル改善メンバー
ifrs—full： その他無形資産メンバー
ifrs—full： その他無形資産メンバー
79
ifrs—full： その他無形資産メンバー
imte： OverThreeSixtyFiveDays メンバー
imte： キャピタルストーンホールディングス有限会社メンバー
imte： GreifenbergDigitalLimited メンバー
imte： GreifenbergDigitalLimited メンバー
imte： GreifenbergDigitalLimited メンバー
IFRS-Full：合同会社のメンバー
IFRS-Full：合同会社のメンバー
IFRS-Full：合同会社のメンバー
IFRS-Full：合同会社のメンバー
imte： eGlassTechnologiesLimited メンバー
ifrs—full： FixturesAndFittingsMember
IFRS-Full：レンタル改善メンバー
80
ifrs—full： FixturesAndFittingsMember
| i. | IFRS-Full：機器メンバ |
| ii. | ifrs—full： FixturesAndFittingsMember |
| iii. | IFRS-Full：レンタル改善メンバー |
ifrs—full： FixturesAndFittingsMember
IFRS-Full：機器メンバ
ifrs—full： FixturesAndFittingsMember
| ifrs—full： FixturesAndFittingsMember | imte： CostMember |
| imte： 技術とノウハウメンバー | imte： CostMember |
imte： PatentsAndTrademark メンバー
imte ： CostMember
imte： SoftwareAndLicenseMember
imte ： CostMember
IFRS-FULL：Goodwill Members
imte ： CostMember
imte： CostMember
imte： 技術とノウハウメンバー
imte： CostMember
81
imte： PatentsAndTrademark メンバー
imte： CostMember
imte： SoftwareAndLicenseMember
imte： CostMember
IFRS-FULL：Goodwill Members
| imte： CostMember | 2023 | 2022 | ||||||
| imte： CostMember | $ | 130,800 | $ | 150,500 | ||||
| imte： 技術とノウハウメンバー | $ | - | $ | - | ||||
| IFRS-FULL：減価償却累計償却と相殺メンバー | $ | - | $ | 5,500 | ||||
IFRS-FULL：Goodwill Members
IFRS-FULL：減価償却累計償却と相殺メンバー
IFRS-FULL：減価償却累計償却と相殺メンバー
imte： 技術とノウハウメンバー
IFRS-FULL：減価償却累計償却と相殺メンバー
imte： PatentsAndTrademark メンバー
IFRS-FULL：減価償却累計償却と相殺メンバー
imte： SoftwareAndLicenseMember
IFRS-FULL：減価償却累計償却と相殺メンバー
IFRS-FULL：Goodwill Members
IFRS-FULL：減価償却累計償却と相殺メンバー
82
imte： 技術とノウハウメンバー
imte： PatentsAndTrademark メンバー
imte： SoftwareAndLicenseMember
IFRS-FULL：Goodwill Members
imte： 技術とノウハウメンバー
imte： PatentsAndTrademark メンバー
imte： SoftwareAndLicenseMember
IFRS-FULL：Goodwill Members
IFRS-Full：DisposalOfMajorSubsidiaryMembers
imte： 認定子会社の処分メンバー
imte： 認定子会社の処分メンバー
imte： 認定子会社の処分メンバー
83
ifrs—full： 子会社会員
ifrs—full： 子会社メンバー
ifrs—full： 子会社メンバー
IFRS-Full：交換可能なツールメンバー
imte： NoteWarrantsMember
IFRS-Full：交換可能なツールメンバー
| IFRS-Full：交換可能なツールメンバー | IFRS-Full：交換可能なツールメンバー | |
| imte： ConvertibleNoteMember | F-1 | |
| imte ： NSINoteMember | F-3 | |
| IFRS-Full：交換可能なツールメンバー | F-4 | |
| imte： CPNotesMember | F-5 | |
| IFRS-Full：交換可能なツールメンバー | F-6 | |
| IFRS-Full：交換可能なツールメンバー | imte： MontagueCapitalPtyLtd メンバー |
84
imte： MontagueCapitalPtyLtd メンバー
imte： MontagueCapitalPtyLtd メンバー
imte： NoteWarrantsMember
IFRS-Full：交換可能なツールメンバー
imte ： NoteWarrantsMember
IFRS-Full：共有オプションのメンバー
ifrs—full： OrdinarySharesMember
imte： コンバーチブルプロミッソリーノートメンバー
ifrs—full： BottomOfRangeMember
ifrs—full： TopOfRangeMember
貨幣：オーストラリアドル
F-1
金種：人民元
通貨：ユーロ
通貨： HKD
貨幣：馬幣
金種：新元
通貨： KRW
通貨：ポンド
通貨： HKD
| imte： 強化メンバー | 通貨： HKD |
| imte： 強化メンバー | 貨幣：オーストラリアドル |
| imte： 強化メンバー | 貨幣：オーストラリアドル |
| imte： 強化メンバー | 通貨：ポンド |
| imte： 強化メンバー | 通貨：ポンド |
| imte： 強化メンバー | 通貨：ユーロ | |
| imte： EURMember | imte： 強化メンバー |
| 通貨：ユーロ | |
imte： 強化メンバー
貨幣：馬幣
F-2
imte： 強化メンバー
通貨： KRW
imte： 強化メンバー
| 通貨： KRW | ||||||||||||||
| imte： 強化メンバー | 2023 金種：新元 | 2022 imte： 強化メンバー | 2021 金種：新元 | |||||||||||
| imte： 強化メンバー | 4 | |||||||||||||
| 通貨： HKD | ( | ) | ( | ) | ( | ) | ||||||||
| ( | ) | |||||||||||||
| imte ： 弱体化メンバー | ||||||||||||||
| 通貨： HKD | 5 | |||||||||||||
| imte： 弱体化メンバー | 21 | ( | ) | |||||||||||
| 貨幣：オーストラリアドル | ( | ) | ||||||||||||
| ( | ) | |||||||||||||
| imte： 弱体化メンバー | ||||||||||||||
| 貨幣：オーストラリアドル | 6 | ( | ) | ( | ) | ( | ) | |||||||
| imte： 弱体化メンバー | 7 | ( | ) | ( | ) | ( | ) | |||||||
| 通貨：ポンド | 7 | ( | ) | ( | ) | ( | ) | |||||||
| imte： 弱体化メンバー | ( | ) | ( | ) | ( | ) | ||||||||
| 通貨：ポンド | ( | ) | ( | ) | ( | ) | ||||||||
| imte： 弱体化メンバー | 7 | ( | ) | ( | ) | ( | ) | |||||||
| 通貨：ユーロ | 7 | |||||||||||||
| imte： 弱体化メンバー | ( | ) | ( | ) | ||||||||||
| 通貨：ユーロ | ( | ) | ||||||||||||
| imte： 弱体化メンバー | ( | ) | ( | ) | ( | ) | ||||||||
| 貨幣：馬幣 | 7 | ( | ) | ( | ) | ( | ) | |||||||
| imte： 弱体化メンバー | 8 | |||||||||||||
| 貨幣：馬幣 | ( | ) | ( | ) | ( | ) | ||||||||
| imte： 弱体化メンバー | ||||||||||||||
| 通貨： KRW | ( | ) | ( | ) | ( | ) | ||||||||
| imte： 弱体化メンバー | ( | ) | ( | ) | ( | ) | ||||||||
| ( | ) | ( | ) | ( | ) | |||||||||
| 通貨： KRW | imte ： 弱体化メンバー | 金種：新元 | imte ： 弱体化メンバー | |||||||||||
| 金種：新元 | 10 | ( | ) | ( | ) | ( | ) | |||||||
imte ： 弱体化メンバー
F-3
imte： 加重平均有効利息率メンバー
ifrs—full： FloatingInterestRateMember
IFRS-FULL：固定金利メンバー
| imte： NoninterestBearingMember | ||||||||||||
| 2023 | 2022 | |||||||||||
| imte： 加重平均有効利息率メンバー | ifrs—full： FloatingInterestRateMember | IFRS-FULL：固定金利メンバー | ||||||||||
| imte： 非興味ベアリングメンバー | ||||||||||||
| IFRS-FULL：財務資産償却コストメンバー | ||||||||||||
| ifrs—full： 短期借入メンバー | ||||||||||||
| IFRS-FULL：財務資産償却コストメンバー | 11 | - | ||||||||||
| ifrs—full： 長期借金メンバー | 11 | |||||||||||
| ifrs—full： 財務負債償却原価メンバー | 12 | |||||||||||
| ifrs—full： 短期借入メンバー | 13 | |||||||||||
| ifrs—full： 財務負債償却原価メンバー | 11 | |||||||||||
| ifrs—full： 長期借金メンバー | 14 | |||||||||||
| IFRS-FULL：財務資産償却コストメンバー | 15 | |||||||||||
| ifrs—full： 短期借入メンバー | ||||||||||||
| IFRS-FULL：財務資産償却コストメンバー | ||||||||||||
| ifrs—full： 長期借金メンバー | 16 | |||||||||||
| ifrs—full： 財務負債償却原価メンバー | 17 | |||||||||||
| ifrs—full： 短期借入メンバー | 18 | |||||||||||
| ifrs—full： 財務負債償却原価メンバー | 14 | |||||||||||
| ifrs—full： 長期借金メンバー | ||||||||||||
| imte ： 強化メンバー | ||||||||||||
| imte： 強化メンバー | ||||||||||||
| imte： 強化メンバー | ||||||||||||
| imte： 強化メンバー | 19 | |||||||||||
| imte ： 弱体化メンバー | 20 | |||||||||||
| imte： 弱体化メンバー | 22 | |||||||||||
| imte： 弱体化メンバー | 23 | |||||||||||
| imte ： 弱体化メンバー | ||||||||||||
| ifrs—full： GrossCarryingAmountMember | ||||||||||||
| imte： 合計契約未割引キャッシュフローメンバー | 20 | |||||||||||
| IFRS-Full：3ヶ月遅れていないメンバー | 23 | |||||||||||
| ifrs—full： 後で 3 ヶ月後で 6 ヶ月後ではないメンバー | ||||||||||||
| ifrs—full： 後 6 ヶ月後 1 年後メンバー | ||||||||||||
| ifrs—full： 後日 1 年メンバー | ||||||||||||
| ifrs—full： GrossCarryingAmountMember | ||||||||||||
| imte： 合計契約未割引キャッシュフローメンバー | ||||||||||||
| IFRS-Full：3ヶ月遅れていないメンバーifrs—full： 後 6 ヶ月後 1 年後メンバー | 25 | |||||||||||
| ifrs—full： Level2OfFairValueHierarchy メンバー | ( | ) | ||||||||||
| ifrs—full： WrittenPutOptionsMember | ( | ) | ( | ) | ||||||||
| ifrs—full： WrittenPutOptionsMember | ||||||||||||
| ifrs—full： WrittenPutOptionsMember | ( | ) | ||||||||||
| ifrs—full： その他関係者メンバー | ||||||||||||
| * |
ifrs—full： その他関係者メンバー
F-4
imte： コンバーチブルプロミッソリーノートメンバー
imte： デリバティブ埋め込み転換社債発行メンバー
imte： IssueOfSharesMember
| IFRS-FULL：他の保留メンバー | ||||||||||||||||||||
| imte： コンバーチブルプロミッソリーノートメンバー imte： デリバティブ埋め込み転換社債発行メンバー | imte： IssueOfSharesMember IFRS-FULL：他の保留メンバー | imte： コンバーチブルプロミッソリーノートメンバー imte： デリバティブ埋め込み転換社債発行メンバー | imte： IssueOfSharesMember IFRS-FULL：他の保留メンバー | imte： AmountsDueTo 関連会社メンバー | ||||||||||||||||
| imte： コンバーチブルプロミッソリーノートメンバー | IFRS-Full：レンタル担当メンバー | imte： デリバティブ埋め込み転換社債発行メンバー | imte： IssueOfSharesMember | IFRS-FULL：他の保留メンバー | ||||||||||||||||
| imte： AmountsDueTo 関連会社メンバー | ( | ) | ||||||||||||||||||
| imte： コンバーチブルプロミッソリーノートメンバー | ||||||||||||||||||||
| IFRS-Full：レンタル担当メンバー | ( | ) | ( | ) | ( | ) | ||||||||||||||
| imte： デリバティブ埋め込み転換社債発行メンバー | ||||||||||||||||||||
| imte： IssueOfSharesMember | ( | ) | ( | ) | ( | ) | ||||||||||||||
| IFRS-FULL：他の保留メンバー | ( | ) | ||||||||||||||||||
| imte： AmountsDueTo 関連会社メンバー | ||||||||||||||||||||
| IFRS-Full：レンタル担当メンバー | ( | ) | ( | ) | ||||||||||||||||
| imte： AmountsDueTo 関連会社メンバー | ||||||||||||||||||||
| imte： AmountDueToHoldingCompanyMember | ||||||||||||||||||||
| imte： コンバーチブルプロミッソリーノートメンバー | ( | ) | ||||||||||||||||||
| IFRS-Full：レンタル担当メンバー | ||||||||||||||||||||
| imte： デリバティブ埋め込み転換社債発行メンバー | ( | ) | ( | ) | ( | ) | ||||||||||||||
| imte： IssueOfSharesMember | ||||||||||||||||||||
| IFRS-FULL：他の保留メンバー | ( | ) | ( | ) | ( | ) | ||||||||||||||
| imte： 統合メンバー | ( | ) | ( | ) | ||||||||||||||||
| imte： AdmiralEnergyAustraliaPtyLtd メンバー | ( | ) | ||||||||||||||||||
| IFRS-Full：ParentMember | ( | ) | ( | ) | ||||||||||||||||
| IFRS-Full：ParentMember | ||||||||||||||||||||
| IFRS-Full：ParentMember | ||||||||||||||||||||
| IFRS-Full：ParentMember | ||||||||||||||||||||
| IFRS-Full：ParentMember | ( | ) | ( | ) | ||||||||||||||||
| IFRS-FULL：重大な一般共有取引メンバー | ||||||||||||||||||||
| IFRS-FULL：重大な一般共有取引メンバー | ( | ) | ( | ) | ( | ) | ||||||||||||||
| IFRS-FULL：重大な一般共有取引メンバー | ||||||||||||||||||||
| IFRS-FULL：保証メンバー | ( | ) | ( | ) | ( | ) | ||||||||||||||
| xbrli： 株式 | ( | ) | ||||||||||||||||||
| iso4217： USD | ||||||||||||||||||||
| iso4217： USD | ||||||||||||||||||||
| xbrli： 株式 | ||||||||||||||||||||
| xbrli： 純粋 | ||||||||||||||||||||
| imte： セグメント | ( | ) | ( | ) | ||||||||||||||||
imte： 顧客
F-5
ISO 4217：豪ドル
ISO 4217：香港ドル
ISO 4217：豪ドル
| xbrli： 株式 | ||||||||||||||
| 2023 | 2022 | 2021 | ||||||||||||
| ISO 4217：馬券 | ISO 4217：KRW | ISO 4217：SGD | ISO 4217：ポンド | |||||||||||
| iso4217： EUR | ||||||||||||||
| iso4217： MNT | ( | ) | ( | ) | ( | ) | ||||||||
| Adjustments to reconcile loss before income tax to net cash used in operating activities: | ||||||||||||||
| Depreciation and amortization | ||||||||||||||
| Fair value change in derivative financial instruments | 22 | ( | ) | ( | ) | |||||||||
| Changes in fair value of warrants | ( | ) | ||||||||||||
| Share of losses of an associate | ||||||||||||||
| Net cash inflow/(outflows) from changes in working capital | 30(b) | ( | ) | ( | ) | |||||||||
| Provision for inventories | ||||||||||||||
| Provision for trade receivables | ( | ) | ||||||||||||
| Provision for equipment deposit | ||||||||||||||
| Provision for other receivable | ||||||||||||||
| Provision for loan receivable | ||||||||||||||
| Provision for other current assets | ||||||||||||||
| Provision for due from associate | ||||||||||||||
| Provision for due from former companies | ||||||||||||||
| Provision for intangibles assets | ||||||||||||||
| Loss/(gain) on disposal of subsidiaries | 24(a) | ( | ) | |||||||||||
| Loss on deemed disposal of subsidiary | ||||||||||||||
| Loss on disposal of investment in equity instrument | ||||||||||||||
| Write off of intangible assets | ||||||||||||||
| Plant and equipment written off | ||||||||||||||
| Net cash provided by/(used in) operating activities | ( | ) | ( | ) | ||||||||||
| Cash flows from investing activities | ||||||||||||||
| Purchase of plant and equipment | ( | ) | ( | ) | ( | ) | ||||||||
| Purchase of other assets – equipment deposits | ( | ) | ( | ) | ( | ) | ||||||||
| Cash acquired on acquisition/(disposal) of subsidiaries | 24 | ( | ) | ( | ) | |||||||||
| Purchase of intangible assets | ( | ) | ( | ) | ||||||||||
| Purchase of investment in financial assets | ( | ) | ||||||||||||
| Purchase of right of use assets | ( | ) | ||||||||||||
| Proceeds from sale of investment in equity instrument | ||||||||||||||
| Capital injection from minority shareholders | ||||||||||||||
| Net cash used in investing activities | ( | ) | ( | ) | ( | ) | ||||||||
| Cash flows from financing activities | ||||||||||||||
| Net proceeds from issuance of ordinary shares | ||||||||||||||
| Issuance of shares for services | ||||||||||||||
| Proceeds from issuance of convertible promissory notes | ||||||||||||||
| Finance costs for convertible notes | ||||||||||||||
| Redemption for convertible notes | ( | ) | ||||||||||||
| Inception of lease liabilities | ||||||||||||||
| Net cash provided by financing activities | 30(a) | |||||||||||||
| Net increase/(decrease) in cash and cash equivalents | ( | ) | ( | ) | ||||||||||
| Cash and cash equivalents at the beginning of financial year | ||||||||||||||
| Cash and cash equivalents at the end of financial year | ||||||||||||||
| Analysis of cash and cash equivalents: | ||||||||||||||
| Cash and bank balances | ||||||||||||||
The above consolidated statements of cash flows should be read in conjunction with the accompanying notes.
F-6
INTEGRATED MEDIA TECHNOLOGY LIMITED
NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS
(in United States dollars, unless otherwise noted)
NOTE 1. REPORTING ENTITY
The consolidated financial report covers the entity of Integrated Media Technology Limited (“IMTE”) and its controlled entities for the years ended December 31, 2023, 2022 and 2021 which were authorized for issue by the Board of Directors on October 22, 2024. IMTE is a for-profit public company limited by shares, incorporated and domiciled in Australia whose shares are publicly traded on the NASDAQ Capital Markets. IMTE is an investment holding company and its subsidiaries carry out the business of the Group in Australia, Korea, and Malaysia.
The Company and its subsidiaries are referred to as the “Group”.
Going Concern
The Group’s consolidated financial statements
are prepared using International Financial Reporting Standards as issued by the International Accounting Standards Board applicable to
a going concern which contemplates the realization of assets and liquidation of liabilities in the normal course of business. The Group
has not yet established an ongoing source of revenue sufficient to cover its operating costs and allow it to continue as a going concern.
For the year ended December 31, 2023, the Group had generated a net loss US$
In order to continue as a going concern, the Group will need, among other things, additional capital resources. For the year ended December 31, 2023, the funds raised were used for the purchase of equipment and working capital. The Group will need to continue to raise funds through the sale of its equity securities and issuance of debt instruments to obtain additional operating capital. The Group will continue to be dependent upon its ability, and will continue to attempt, to secure additional equity and/or debt financing until the Group can earn revenue and realize positive cash flow from its operations.
There are no assurances that the Group will be successful in earning revenue and realizing positive cash flow from its operations. Without sufficient financing it would be unlikely that the Group will continue as a going concern.
Based on the Group’s current rate of cash outflows, cash on hand and proceeds from the recent sales of equity securities and convertible notes after the year ended, management believes that its current cash may not be sufficient to meet the anticipated cash needs for working capital for the next 12 months for the investments in the switchable glass and Halal operations.
The Group’s plans with respect to its liquidity issues include, but are not limited to, the following:
| 1) | Continue to raise financing through the sale of its equity and/or debt securities; |
| 2) | Continue developing its business, products and services and seek strategic partnerships and cooperative arrangement to grow our revenue and profitability. |
The ability of the Group to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraphs and eventually secure other sources of financing and achieve profitable operations. These consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classification of liabilities that might result from this uncertainty.
The consolidated financial statements of the Group are presented in United States dollars (“US$” or “$”), unless otherwise stated.
F-7
NOTE 2. BASIS OF ACCOUNTING
The consolidated financial statements present general purpose financial report that have been prepared in accordance with Australian Accounting Standards (“AASBs”), including Australian Accounting Interpretations, other authoritative pronouncements of the Australian Accounting Standards Board and the Corporations Act 2001 as appropriate for for-profit entities. The consolidated financial statements also comply with International Financial Reporting Standards (“IFRSs”) as adopted by the International Accounting Standards Board.
NOTE 3. SIGNIFICANT ACCOUNTING POLICIES
The following is a summary of the significant accounting policies adopted by the Group in the preparation of the consolidated financial statements. The accounting policies have been consistently applied, unless otherwise stated.
(a) Basis of Preparation
The consolidated financial statements have been prepared on the accrual basis and are based on historical costs modified by the revaluation of selected non-current assets, financial assets and financial liabilities for which the fair value basis of accounting has been applied.
Change of reporting functional and presentation currency
Items included in the financial statements of each of the Group’s entities are measured using the currency of the primary economic environment in which the entity operates (the “functional currency”). Effective January 1, 2023, the Company adopted the US dollar (“US$” or “$”) as its functional currency. Prior to January 1, 2023, the functional currency of the Company was the Australian dollar and the Company’s financial results had been reported in Australian dollars as explained below. See below for additional disclosure regarding the change in functional currency.
The Company’s self-sustaining Malaysia operation is translated into US dollars using the current rate method, whereby assets and liabilities are translated at period-end exchange rates, while revenues and expenses are converted using average rates for the period. Gains and losses on translation to US dollars relating to self-sustaining operations are deferred and included in a separate component of shareholders’ equity described as cumulative foreign currency translation.
The remaining foreign operations are not considered self-sustaining and are translated using the temporal method. Under this method, monetary assets and liabilities denominated in foreign currencies are translated at exchange rates in effect at the balance sheet date. Non-monetary assets and liabilities denominated in foreign currencies are translated at rates in effect on the dates the assets were acquired or liabilities were assumed. Revenues and expenses are translated at rates of exchange prevailing on the transaction dates. Gains and losses on translation are reflected in income when incurred.
(b) Principles of Consolidation And Equity Accounting
(i) Subsidiaries
Subsidiaries are all entities (including structured entities) over which the Group has control. The Group controls an entity where the Group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power to direct the activities of the entity. Subsidiaries are fully consolidated from the date on which control is transferred to the group. They are deconsolidated from the date that control ceases.
The acquisition method of accounting is used to account for business combinations by the group (see note 3(c)).
Inter-company transactions, balances and unrealised gains on transactions between group companies are eliminated. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the transferred asset. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the Group.
Non-controlling interests in the results and equity of subsidiaries are shown separately in the consolidated statement of profit or loss, statement of comprehensive income, statement of changes in equity and balance sheet respectively
(ii) Associates
Associates are all entities over which the Group
has significant influence but not control or joint control. This is generally the case where the group holds between
F-8
NOTE 3. SIGNIFICANT ACCOUNTING POLICIES (Continued)
(b) Principles of Consolidation and Equity Accounting (continued)
(iii) Equity method
Under the equity method of accounting, the investments are initially recognised at cost and adjusted thereafter to recognise the Group’s share of the post-acquisition profits or losses of the investee in profit or loss, and the Group’s share of movements in other comprehensive income of the investee in other comprehensive income. Dividends received or receivable from associates and joint ventures are recognised as a reduction in the carrying amount of the investment.
Where the Group’s share of losses in an equity-accounted investment equals or exceeds its interest in the entity, including any other unsecured long-term receivables, the Group does not recognise further losses, unless it has incurred obligations or made payments on behalf of the other entity.
Unrealised gains on transactions between the Group and its associates and joint ventures are eliminated to the extent of the Group’s interest in these entities. Unrealised losses are also eliminated unless the transaction provides evidence of an impairment of the asset transferred. Accounting policies of equity-accounted investees have been changed where necessary to ensure consistency with the policies adopted by the Group.
The carrying amount of equity-accounted investments is tested for impairment in accordance with the policy described in note 3(h).
(iv) Changes in ownership interests
The Group treats transactions with non-controlling interests that do not result in a loss of control as transactions with equity owners of the Group. A change in ownership interest results in an adjustment between the carrying amounts of the controlling and non-controlling interests to reflect their relative interests in the subsidiary. Any difference between the amount of the adjustment to non-controlling interests and any consideration paid or received is recognised in a separate reserve within equity attributable to owners of IMTE.
When the Group ceases to consolidate or equity account for an investment because of a loss of control, joint control or significant influence, any retained interest in the entity is remeasured to its fair value, with the change in carrying amount recognised in profit or loss. This fair value becomes the initial carrying amount for the purposes of subsequently accounting for the retained interest as an associate, joint venture or financial asset. In addition, any amounts previously recognised in other comprehensive income in respect of that entity are accounted for as if the Group had directly disposed of the related assets or liabilities. This may mean that amounts previously recognised in other comprehensive income are reclassified to profit or loss.
If the ownership interest in a joint venture or an associate is reduced but joint control or significant influence is retained, only a proportionate share of the amounts previously recognised in other comprehensive income are reclassified to profit or loss where appropriate.
(c) Business Combinations
The Group accounts for business combinations using the acquisition method when control is transferred to the Group. The consideration transferred by the Company to obtain control of a subsidiary is calculated as the sum of the acquisition-date fair values of assets transferred, liabilities incurred and the equity interests issued by the Company, which includes the fair value of any asset or liability arising from a contingent consideration arrangement. Acquisition costs are expensed as incurred, except if related to the issue of debt or equity securities.
The Company recognizes identifiable assets acquired and liabilities assumed in a business combination regardless of whether they have been previously recognized in the acquiree’s financial statements prior to the acquisition. Assets acquired and liabilities assumed are generally measured at their acquisition-date fair values.
F-9
NOTE 3. SIGNIFICANT ACCOUNTING POLICIES (Continued)
(c) Business Combinations (continued)
Goodwill is stated after separate recognition of identifiable intangible assets. It is calculated as the excess of the sum of: (a) fair value of consideration transferred, (b) the recognized amount of any non-controlling interest in the acquiree, and (c) acquisition-date fair value of any existing equity interest in the acquiree, over the acquisition-date fair values of identifiable net assets.
Any contingent consideration to be transferred by the acquirer is recognized at acquisition-date fair value. Subsequent adjustments to consideration are recognized against goodwill only to the extent that they arise from new information obtained within the measurement period (a maximum of 12 months from the acquisition date) about the fair value at the acquisition date. All other subsequent adjustments to contingent consideration classified as an asset or a liability are recognized in the consolidated statement of profit or loss.
(d) Current And Deferred Income Tax
Income tax for the year comprises current tax and movements in deferred tax assets and liabilities. Current tax and movements in deferred tax assets and liabilities are recognised in profit or loss except to the extent that they relate to items recognised in other comprehensive income/loss or directly in equity, in which case the relevant amounts of tax are recognised in other comprehensive income or directly in equity, respectively.
Current tax is the expected tax payable on the taxable income for the year, using tax rates enacted or substantively enacted at the end of the reporting period, and any adjustment to tax payable in respect of previous years.
Deferred tax assets and liabilities arise from deductible and taxable temporary differences respectively, being the differences between the carrying amounts of assets and liabilities for financial reporting purposes and their tax bases. Deferred tax assets also arise from unused tax losses and unused tax credits.
Apart from certain limited exceptions, all deferred tax liabilities, and all deferred tax assets to the extent that it is probable that future taxable profits will be available against which the asset can be utilised, are recognised. Future taxable profits that may support the recognition of deferred tax assets arising from deductible temporary differences include those that will arise from the reversal of existing taxable temporary differences, provided those differences relate to the same taxation authority and the same taxable entity, and are expected to reverse either in the same period as the expected reversal of the deductible temporary difference or in periods into which a tax loss arising from the deferred tax asset can be carried back or forward. The same criteria are adopted when determining whether existing taxable temporary differences support the recognition of deferred tax assets arising from unused tax losses and credits, that is, those differences are taken into account if they relate to the same taxation authority and the same taxable entity, and are expected to reverse in a period, or periods, in which the tax loss or credit can be utilised.
The limited exceptions to recognition of deferred tax assets and liabilities are those temporary differences arising from goodwill not deductible for tax purposes, the initial recognition of assets or liabilities that affect neither accounting nor taxable profit (provided they are not part of a business combination), and temporary differences relating to investments in subsidiaries to the extent that, in the case of taxable differences, the Group controls the timing of the reversal and it is probable that the differences will not reverse in the foreseeable future, or in the case of deductible differences, unless it is probable that they will reverse in the future.
The carrying amount of a deferred tax asset is reviewed at the end of each reporting period and is reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow the related tax benefit to be utilised. Any such reduction is reversed to the extent that it becomes probable that sufficient taxable profits will be available.
F-10
NOTE 3. SIGNIFICANT ACCOUNTING POLICIES (Continued)
(d) Current And Deferred Income Tax (continued)
Current tax balances and deferred tax balances, and movements therein, are presented separately from each other and are not offset. Current tax assets are offset against current tax liabilities, and deferred tax assets against deferred tax liabilities, if the Company or the Group has the legally enforceable right to set off current tax assets against current tax liabilities and the following additional conditions are met:
| (i) | in the case of current tax assets and liabilities, the Group intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously; or |
| (ii) | in the case of deferred tax assets and liabilities, if they relate to income taxes levied by the same taxation authority on either: |
| - | the same taxable entity; or |
| - | different taxable entities, which, in each future period in which significant amounts of deferred tax liabilities or assets are expected to be settled or recovered, intend to realize the current tax assets and settle the current tax liabilities on a net basis or realized and settle simultaneously. |
(e) Intangible Assets
(i) Acquired both separately and from a business combination
Purchased intangible assets are initially measured at cost. The cost of an intangible asset acquired in a business combination is its fair value as at the date of acquisition. Following initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. Intangible assets with finite lives are amortised over the useful life and assessed for impairment whenever there is an indication that the intangible asset may be impaired. The amortisation period and the amortisation method for an intangible asset with a finite useful life are reviewed at each financial year end. Intangible assets, excluding development costs, created within the business are not capitalised and expenditure is charged against profits in the period in which the expenditure is incurred.
(ii) Intellectual property
Expenditure incurred on patents, trademarks
or licenses are capitalized from the date of application. They have a definite useful life and are carried at cost less accumulated amortization.
They are amortized using the straight-line method over their estimated useful lives for a period of
(iii) Research and development costs
Development projects in the consolidated statements of financial position represent the development costs directly attributable to and incurred for internal technology projects of the Group. An intangible asset arising from development expenditure on an internal technology project is recognised and included in development projects only when the Group can demonstrate the technical feasibility of completing the intangible asset or technology so that it will be available for application in existing or new products or for sale, its intention to complete and its ability to use or sell the asset, how the asset will generate future economic benefits, the availability of resources to complete the development, the ability to measure reliably the expenditure attributable to the intangible asset during its development and the ability to use the tangible asset generated. For labour costs, all research and development member salaries that are directly attributable to the technology project are capitalised. Administrative staff and costs are recognised in the profit or loss instead of capitalising this portion of costs. Following the initial recognition of the development expenditure, the cost model is applied requiring the asset to be carried at cost less any accumulated impairment losses. The amortisation rate of these intangible assets was determined on the basis of the estimated useful life from the time that the relevant asset is taken into use.
F-11
NOTE 3. SIGNIFICANT ACCOUNTING POLICIES (Continued)
(e) Intangible Assets (continued)
(iv) Computer software
Acquired computer software licenses
are capitalized on the basis of the costs incurred to acquire and bring to use the specific software. These costs are amortized over their
estimated useful lives ranging
(f) Inventories
Finished goods are stated at the lower of cost and net realizable value on a “weighted average cost” basis. Cost comprises direct materials and delivery costs, import duties and other taxes. Costs of purchased inventories are determined after deducting rebates and discounts received or receivable. Net realizable value is the estimated selling price in the ordinary course of business less the estimated costs necessary to make the sale.
(g) Leases
As a lessee
At commencement or on modification of a contract that contains a lease component, the Group allocates the consideration in the contract to each lease component on the basis of its relative and-alone prices. However, for the leases of property the Group has elected not to separate lease components and account for the lease and non-lease components as a single lease component.
The Group recognises a right-of-use asset and a lease liability at the lease commencement date. The right-of-use asset is initially measured at cost, which comprises the initial amount of the lease liability adjusted for any lease payments made at or before the commencement date, plus any initial direct costs incurred and an estimate of costs to dismantle and remove the underlying asset or to restore the underlying asset or the site on which it is located, less any lease incentives received.
The right-of-use asset is subsequently depreciated using the straight-line method from the commencement date to the end of the lease term, unless the lease transfers ownership of the underlying asset to the Group by the end of the lease term or the cost of the right-of-use asset reflects that the Group will exercise a purchase option. In that case the right-of-use asset will be depreciated over the useful life of the underlying asset, which is determined on the same basis as those of property and equipment. In addition, the right-of-use asset is periodically reduced by impairment losses, if any, and adjusted for certain remeasurements of the lease liability. The lease liability is initially measured at the present value of the lease payments that are not paid at the commencement date, discounted using the interest rate implicit in the lease or, if that rate cannot be readily determined, the Group’s incremental borrowing rate. Generally, the Group uses its incremental borrowing rate as the discount rate.
F-12
NOTE 3. SIGNIFICANT ACCOUNTING POLICIES (Continued)
(g) Leases (continued)
The Group determines Its incremental borrowing rate by obtaining interest rates from various external financing sources and makes certain adjustments to reflect the terms of the lease and type of the asset leased.
Lease payments included in the measurement of the lease liability comprise the following:
| - | fixed payments, including in-substance fixed payments; |
| - | variable lease payments that depend on an index or a rate, initially measured using the index or rate as at the commencement date; |
| - | amounts expected to be payable under a residual value guarantee; and |
| - | the exercise price under a purchase option that the Group is reasonably certain to exercise, lease payments in an optional renewal period if the Group is reasonably certain to exercise an extension option, and penalties for early termination of a lease unless the Group is reasonably certain not to terminate early. |
The lease liability is measured at amortised cost using the effective interest method. It is remeasured when there is a change in future lease payments arising from a change in an index or rate, if there is a change in the Group’s estimate of the amount expected to be payable under a residual value guarantee, if the Group changes its assessment of whether it will exercise a purchase, extension or termination option or if there is a revised in-substance fixed lease payment.
When the lease liability is remeasured in this way, a corresponding adjustment is made to the carrying amount of the right-of-use asset, or is recorded in profit or loss if the carrying amount of the right-of-use asset has been reduced to zero.
The Group presents right-of-use assets that do not meet the definition of investment property in property, plant and equipment and lease liabilities in loans and borrowings in the statement of financial position.
Short-term leases and leases of low-value assets
The Group has elected not to recognize right-of-use assets and lease liabilities for leases of low value assets and short-term leases, including IT equipment. The Group recognizes the lease payments associated with these leases as an expense on a straight-line basis over the lease term.
(h) Impairment of Assets
Internal and external sources of information are reviewed at the end of each reporting period to identify indications that the following assets may be impaired or an impairment loss previously recognised no longer exists or may have decreased:
| - | plant and equipment (other than properties carried at revalued amounts); |
| - | intangible assets. |
F-13
NOTE 3. SIGNIFICANT ACCOUNTING POLICIES (Continued)
If any such indication exists, the asset’s recoverable amount is estimated. In addition for intangible assets that are not yet available for use and intangible assets that have indefinite useful lives, the recoverable amount is estimated annually whether or not there is any indication of impairment.
(h) Impairment of Assets (Continued)
(i) Calculation of recoverable amount
The recoverable amount of an asset is the greater of its fair value less costs of disposal and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset. Where an asset does not generate cash inflows largely independent of those from other assets, the recoverable amount is determined for the smallest group of assets that generates cash inflows independently (i.e. a cash-generating unit).
(ii) Recognition of impairment losses
An impairment loss is recognized in profit or loss if the carrying amount of an asset, or the cash-generating unit to which it belongs, exceeds its recoverable amount. Impairment losses recognized in respect of cash-generating units are allocated first to reduce the carrying amount of any goodwill allocated to the cash-generating unit (or group of units) and then, to reduce the carrying amount of the other assets in the unit (or group of units) on a pro rata basis, except that the carrying value of an asset will not be reduced below its individual fair value less costs of disposal (if measurable) or value in use (if determinable).
(iii) Reversals of impairment losses
In respect of assets other than goodwill, an impairment loss is reversed if there has been a favorable change in the estimates used to determine the recoverable amount. An impairment loss in respect of goodwill is not reversed.
A reversal of an impairment loss is limited to the asset’s carrying amount that would have been determined had no impairment loss been recognized in prior years. Reversals of impairment losses are credited to profit or loss in the year in which the reversals are recognized.
(i) Trade Deposits
Trade deposits are payments in advance to suppliers of equipment, products and services, which are initially recognized at fair value and thereafter stated at amortized cost using the effective interest method less impairment losses, except where the effect of discounting would be immaterial.
(j) Plant and Equipment
Items of plant and equipment are measured at cost less accumulated depreciation and impairment losses.
The carrying amount of plant and equipment is reviewed annually by the directors to ensure it is not in excess of the recoverable amount from those assets. The recoverable amount is assessed on the basis of the expected net cash flows that will be received from the asset’s employment and subsequent disposal. The expected net cash flows have been discounted to their present values in determining recoverable amounts.
The depreciable amount of all fixed assets are depreciated over their estimated useful lives to the Group commencing from the time the assets is held ready for use.
F-14
NOTE 3. SIGNIFICANT ACCOUNTING POLICIES (Continued)
(j) Plant and Equipment (Continued)
Depreciation is calculated on a straight-line
basis to write the net cost of each item of plant and equipment over their expected useful lives.
| Class of fixed assets | Depreciation rate | |
| Leasehold Improvements | lesser of | |
| Office Furniture and Equipment | ||
| Machinery |
Gains and losses on disposal are determined by deducting the net book value of the assets from the proceeds of sale and are booked to the profit or loss in the year of disposal.
(k) Foreign Currency Translation
(i) Functional and presentation currency
As disclosed above, effective January 1, 2023, the Company adopted the US dollar as its functional currency. Prior to January 1, 2023, the functional currency of the Company was the Australian dollar. The reason for the change of functional currency is for the change of the currency used in the business operations, including in Australia where the Company did not have business operations regarding to the revenue and purchase operations or used the Australian dollar in its or the Groups operations. The Malaysia operation is considered self-sustaining with the Malaysia Ringette as their functional currency. The remaining operations are considered integrated and have the US dollar as their functional currency.
The change in functional currency of the Company is due to the increased exposure to the US dollar as a result of the growth in international operations outside Australia. The adoption of the Malaysia Ringette as the functional currency of the Malaysia operation is the result of the increased financial self-sustainability of this operation and its overall exposure to Ringette transactions.
The change in functional currency did not have any material effect to net income for the period as most of the assets and liabilities were US dollar denominated.
Items included in the financial statements of each of the Group’s entities are measured using the currency of the primary economic environment in which the entity operates (the “functional currency”). The consolidated financial statements are presented in United States dollars (“US$” or “$”), which is the Group’s presentation currency.
(ii) Transactions and balances
Foreign currency transactions during the year are translated at the foreign exchange rates ruling at the transaction dates. Monetary assets and liabilities denominated in foreign currencies are translated at the foreign exchange rates ruling at the end of the reporting period. Exchange gains and losses are recognized in profit or loss, except those arising from foreign currency borrowings used to hedge a net investment in a foreign operation which are recognized in other comprehensive income.
Non-monetary assets and liabilities that are measured in terms of historical cost in a foreign currency are translated using the foreign exchange rates ruling at the transaction dates. Non-monetary assets and liabilities denominated in foreign currencies that are stated at fair value are translated using the foreign exchange rates ruling at the dates the fair value was measured.
(iii) Group companies
The results of foreign operations are translated into United States Dollars at the exchange rates approximating the foreign exchange rates ruling at the dates of the transactions. Statement of financial position items, are translated into United States Dollars at the closing foreign exchange rates at the end of the reporting period. The resulting exchange differences are recognized in other comprehensive income and accumulated separately in equity in the exchange reserve.
On disposal of a foreign operation, the cumulative amount of the exchange differences relating to that foreign operation is reclassified from equity to profit or loss when the profit or loss on disposal is recognized.
For the years ended December 31, 2023 and 2022, there was no comprehensive income. The significant monetary items denominated in currencies other than United States dollars include trade and other receivables and inventories.
F-15
NOTE 3. SIGNIFICANT ACCOUNTING POLICIES (Continued)
(l) Trade and Other Receivables
Trade receivables are recognized at original invoice amounts less an allowance for uncollectible amounts and have repayment terms between 30 and 90 days. Collectability of trade receivables is assessed on an ongoing basis. Debts which are known to be uncollectible are written off. An allowance is made for doubtful debts where there is objective evidence that the Group will not be able to collect all amounts due according to the original terms. Objective evidence of impairment includes financial difficulties of the debtor, default payments or debts more than 30 days overdue. On confirmation that the trade receivable will not be collectible, the gross carrying value of the asset is written off against the associated provision.
Other receivables generally arise from transactions outside the usual operating activities of the Group.
(m) Trade and Other Payables
These amounts represent liabilities for goods and services provided to the Group prior to the end of the financial year which are unpaid. The amounts are unsecured and are paid on normal commercial terms.
(n) Warrant Liabilities
The warrant liabilities which are viewed as debts instruments, are measured at fair value through profit or loss. Each of the Company’s warrants contains a written put option and as a result of the existence of these put options, the warrants are required to be classified as a financial liability under IAS32.
The liability has been designated as at fair value through profit or loss on initial recognition and subsequent changes in fair value are recognised in the profit or loss. This liability is considered a derivative financial liability.
The warrant liability is classified as non-current, unless the underlying warrants will expire or be settled within 12 months from the end of a given reporting period.
(o) Provisions and Contingent Liabilities
Provisions are recognized for other liabilities of uncertain timing or amount when the Group has a legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Where the time value of money is material, provisions are stated at the present value of the expenditure expected to settle the obligation.
Where it is not probable that an outflow of economic benefits will be required, or the amount cannot be estimated reliably, the obligation is disclosed as a contingent liability, unless the probability of outflow of economic benefits is remote. Possible obligations, whose existence will only be confirmed by the occurrence or non-occurrence of one or more future events are also disclosed as contingent liabilities unless the probability of outflow of economic benefits is remote.
(p) Borrowings
Borrowings are initially recognized at fair value, net of transaction costs incurred. Borrowings are subsequently measured at amortized cost. Any difference between the proceeds (net of transaction costs) and the redemption amount is recognized in profit or loss over the period of the borrowings using the effective interest method. Fees paid on the establishment of loan facilities, which are not an incremental cost relating to the actual draw-down of the facility, are recognized as an offset against the liability balance and amortized on a straight-line basis over the term of the facility.
Borrowings are removed from the statement of financial position when the obligation specified in the contract is discharged, cancelled or expired. The difference between the carrying amount of the financial liability that has been extinguished or transferred to another party and the consideration paid, including any non-cash assets transferred or liabilities assumed, is recognized in other income or other expenses.
F-16
NOTE 3. SIGNIFICANT ACCOUNTING POLICIES (Continued)
(p) Borrowings (continued)
Borrowings are classified as current liabilities unless the Group has an unconditional right to defer settlement of the liability for at least 12 months after the end of the reporting period.
(q) Borrowing Costs
Borrowing costs that are directly attributable to the acquisition, construction or production of an asset which necessarily takes a substantial period of time to get ready for its intended use or sale are capitalised as part of the cost of that asset. Other borrowing costs are expensed in the period in which they are incurred.
The capitalization of borrowing costs as part of the cost of a qualifying asset commences when expenditure for the asset is being incurred, borrowing costs are being incurred and activities that are necessary to prepare the asset for its intended use or sale are in progress. Capitalisation of borrowing costs is suspended or ceases when substantially all the activities necessary to prepare the qualifying asset for its intended use or sale are interrupted or complete.
(r) Convertible Promissory Note
Convertible promissory note that can be converted into ordinary shares at the option of the holder, where the number of shares to be issued is fixed, are accounted for as compound financial instruments, i.e. they contain both a liability component and an equity component.
At initial recognition the liability component of the convertible promissory note is measured at fair value based on the future interest and principal payments, discounted at the prevailing market rate of interest for similar non-convertible instruments. The equity component is the difference between the initial fair value of the convertible promissory note as a whole and the initial fair value of the liability component. Transaction costs that relate to the issue of a compound financial instrument are allocated to the liability and equity components in proportion to the allocation of proceeds.
The liability component is subsequently carried at amortised cost. Interest expense recognised in profit or loss on the liability component is calculated using the effective interest method. The equity component is recognised in other reserve until either the bonds are converted or redeemed. If the note is converted, the other reserve, together with the carrying amount of the liability component at the time of conversion, is transferred to share capital as consideration for the shares issued. If the note is redeemed, the other reserve is transferred to the retained earning reserve account.
(s) Derivative Financial Instruments
Derivative financial instruments are recognised at fair value. At the end of each reporting period the fair value is remeasured. The gain or loss on remeasurement to fair value is recognised immediately in profit or loss.
(t) Employee Benefits
(i) Employee leave entitlements
Employee entitlements to annual leave are recognised when they accrue to employees. A provision is made for the estimated liability for annual leave as a result of services rendered by employees up to the date of the statement of financial position.
Employee entitlements to sick leave and maternity leave are not recognised until the time of leave.
F-17
NOTE 3. SIGNIFICANT ACCOUNTING POLICIES (Continued)
(t) Employee Benefits (continued)
(ii) Pension obligations
Salaries, annual bonuses, paid annual leave, contributions to defined contribution retirement plans and the cost of non-monetary benefits are accrued in the year in which the associated services are rendered by employees. Where payment or settlement is deferred and the effect would be material, these amounts are stated at their present values.
(u) Cash and Cash Equivalents
Cash and cash equivalents include cash on hand and call deposits with banks or financial institutions and net of bank overdrafts.
(v) Revenue
Revenue is recognized in accordance with IFRS 15 Revenue from Contracts with Customers. The underlying principle is to recognize revenue when a customer obtains control of the promised goods at an amount that reflects the consideration that is expected to be received in exchange for those goods. It also requires increased disclosures including the nature, amount, timing, and uncertainty of revenues and cash flows related to contracts with customers.
We recognize revenue upon transfer of control of the promised goods in a contract with a customer in an amount that reflects the consideration we expect to receive in exchange for those products. Transfer of control occurs once the customer has the contractual right to use the product, generally upon shipment or once delivery and risk of loss has transferred to the customer. We account for a contract with customer when we have approval and commitment from both parties, the rights of the parties and payment terms are identified, the contract has commercial substance and collectability of consideration is probable. We identify separated contractual performance obligations and evaluate each distinct performance obligation within a contract, whether it is satisfied at a point in time or over time. All of our performance obligations for the reported periods were satisfied at a point in time.
Revenue is allocated among performance obligations in a manner that reflects the consideration that we expect to be entitled to for the promised goods based on standalone selling prices (SSP). SSP are estimated for each distinct performance obligation and judgment may be required in their determination. The best evidence of SSP is the observable price of the product when we sell the goods separately in similar circumstances and to similar customers.
Interest Income
Revenue is recognized as interest accrues using the effective interest method.
(w) Sales Taxes
Revenues, expenses and assets are recognized net of the amount of goods and services tax (“GST”) or valued-added tax (“VAT”), except where the amount of GST or VAT incurred is not recoverable from the Australian Taxation Office or taxation authorities in other jurisdictions. In these circumstances, the GST or VAT is recognized as part of the cost of acquisition of the assets or as part of an item of expense. Receivables and payables in the consolidated statement of financial position are shown inclusive of GST or VAT.
Cash flows are included in the consolidated statement of cash flows on a gross basis and the GST or VAT component of cash flows arising from investing and financing activities, which is recoverable from, or payable to, the taxation authority are classified as operating cash flows.
F-18
NOTE 3. SIGNIFICANT ACCOUNTING POLICIES (Continued)
(x) Earnings Per Share
(i) Basic earnings per share
Basic earnings per share is calculated by dividing the profit attributable to equity holders of the Group, excluding any costs of servicing equity other than ordinary shares, by the weighted average number of ordinary shares outstanding during the financial year, adjusted for bonus elements in ordinary shares issued during the year.
(ii) Diluted earnings per share
Diluted earnings per share adjusts the figures used in the determination of basic earnings per share to take into account the after income tax effect of interest and other financing costs associated with dilutive potential ordinary shares and the weighted average number of shares assumed to have been issued for no consideration in relation to dilutive potential ordinary shares.
(y) Issued Capital
Ordinary shares are classified as equity.
Incremental costs directly attributable to the issue of new shares or options are shown in equity as a deduction, net of tax, from the proceeds. Incremental costs directly attributable to the issue of new shares or options for the acquisition of a business are not included in the cost of the acquisition as part of the purchase consideration.
(z) Related Party Transactions
For the purpose of these consolidated financial statements, related party includes a person and entity as defined below:
| (i) | A person, or a close member of that person’s family, is related to the Group if that person: |
| (i) | has control or joint control over the Group; |
| (ii) | has significant influence over the Group; or |
| (iii) | is a member of the key management personnel of the Group or the Group’s parent. |
| (ii) | An entity is related to the Group if any of the following conditions applies: |
| (i) | the entity and the Group are members of the same group (which means that each parent, subsidiary and fellow subsidiary is related to the others). |
| (ii) | one entity is an associate or joint venture of the other entity (or an associate or joint venture of a member of a group of which the other entity is a member). |
| (iii) | both entities are joint ventures of the same third party. |
| (iv) | one entity is a joint venture of a third entity and the other entity is an associate of the third entity. |
| (v) | the entity is a post-employment benefit plan for the benefit of employees of either the Group or an entity related to the Group. |
| (vi) | the entity is controlled or jointly controlled by a person identified in (i). | |
| (vii) | A person identified in (i)(i) has significant influence over the entity or is a member of the key management personnel of the entity (or of a parent of the entity). | |
| (viii) | The entity, or any member of a group of which it is a part, provides key management personnel services to the reporting entity or to the parent of the reporting entity. |
F-19
NOTE 3. SIGNIFICANT ACCOUNTING POLICIES (Continued)
(aa) Fair Value
Fair values may be used for financial asset and liability measurement and for sundry disclosures.
Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. It is based on the presumption that the transaction takes place either in the principal market for the asset or liability or, in the absence of a principal market, in the most advantageous market. The principal of most advantageous market must be accessible to, or by, the Group.
Fair value is measured using the assumptions that market participants would use when pricing the asset or liability, assuming that market participants act in their best economic interest.
The fair value measurement of a non-financial asset takes into account the market participant’s ability to generate economic benefits by using the asset at its highest and best use or by selling it to another market participant that would use the asset at its highest and best use.
In measuring fair value, the Group uses valuation techniques that maximize the use of observable inputs and minimize the use of unobservable inputs.
(ab) Investments And Other Financial Assets
(i) Classification
The Group classifies its financial assets in the following measurement categories:
| ● | those to be measured subsequently at fair value (either through OCI or through profit or loss), and | |
| ● | those to be measured at amortised cost. |
The classification depends on the entity’s business model for managing the financial assets and the contractual terms of the cash flows. For assets measured at fair value, gains and losses will either be recorded in profit or loss or OCI. For investments in equity instruments that are not held for trading, this will depend on whether the group has made an irrevocable election at the time of initial recognition to account for the equity investment at fair value through other comprehensive income (FVOCI). The Group reclassifies debt investments when and only when its business model for managing those assets changes.
(ii) Recognition and derecognition
Regular way purchases and sales of financial assets are recognised on trade date, being the date on which the Group commits to purchase or sell the asset. Financial assets are derecognised when the rights to receive cash flows from the financial assets have expired or have been transferred and the Group has transferred substantially all the risks and rewards of ownership.
(iii) Measurement
At initial recognition, the Group measures a financial asset at its fair value plus, in the case of a financial asset not at fair value through profit or loss (FVPL), transaction costs that are directly attributable to the acquisition of the financial asset. Transaction costs of financial assets carried at FVPL are expensed in profit or loss. Financial assets with embedded derivatives are considered in their entirety when determining whether their cash flows are solely payment of principal and interest.
F-20
NOTE 3. SIGNIFICANT ACCOUNTING POLICIES (Continued)
(ab) Investments And Other Financial Assets (continued)
Debt instruments
Subsequent measurement of debt instruments depends on the Group’s business model for managing the asset and the cash flow characteristics of the asset. There are three measurement categories into which the Group classifies its debt instruments:
| ● | Amortised cost: Assets that are held for collection of contractual cash flows, where those cash flows represent solely payments of principal and interest, are measured at amortised cost. Interest income from these financial assets is included in finance income using the effective interest rate method. Any gain or loss arising on derecognition is recognised directly in profit or loss and presented in other gains/(losses) together with foreign exchange gains and losses. Impairment losses are presented as separate line item in the statement of profit or loss. |
| ● | FVOCI: Assets that are held for collection of contractual cash flows and for selling the financial assets, where the assets’ cash flows represent solely payments of principal and interest, are measured at FVOCI. Movements in the carrying amount are taken through OCI, except for the recognition of impairment gains or losses, interest income and foreign exchange gains and losses, which are recognised in profit or loss. When the financial asset is derecognised, the cumulative gain or loss previously recognised in OCI is reclassified from equity to profit or loss and recognized in other gains/(losses). Interest income from these financial assets is included in finance income using the effective interest rate method. Foreign exchange gains and losses are presented in other gains/(losses), and impairment expenses are presented as separate line item in the statement of profit or loss. |
| ● | FVPL: Assets that do not meet the criteria for amortised cost or FVOCI are measured at FVPL. A gain or loss on a debt investment that is subsequently measured at FVPL is recognised in profit or loss and presented net within other gains/(losses) in the period in which it arises. |
Equity instruments
The Group subsequently measures all equity investments at fair value. Where the Group’s management has elected to present fair value gains and losses on equity investments in OCI, there is no subsequent reclassification of fair value gains and losses to profit or loss following the derecognition of the investment. Dividends from such investments continue to be recognised in profit or loss as other income when the Group’s right to receive payments is established.
Changes in the fair value of financial assets at FVPL are recognised in other gains/(losses) in the statement of profit or loss as applicable. Impairment losses (and reversal of impairment losses) on equity investments measured at FVOCI are not reported separately from other changes in fair value.
(iv) Impairment
The Group assesses on a forward-looking basis the expected credit losses associated with its debt instruments carried at amortised cost and FVOCI. The impairment methodology applied depends on whether there has been a significant increase in credit risk. For trade receivables, the Group applies the simplified approach permitted by IFRS 9, which requires expected lifetime losses to be recognised from initial recognition of the receivables, see note 11(c) for further details. The classification of financial assets depends on the nature and purpose of the financial assets and is determined at the time of initial recognition. Regular way purchases or sales of financial assets are recognized and derecognized on a trade date or settlement date basis for which financial assets were classified in the same way, respectively. Regular way purchases or sales are purchases or sales of financial assets that require delivery of assets within the time frame established by regulation or convention in the marketplace.
F-21
NOTE 3. SIGNIFICANT ACCOUNTING POLICIES (Continued)
(ac) New, Revised or Amending Accounting Standards and Interpretations
| New or Amended Standard Forthcoming requirements | Title of the Standard | Effective for Annual Periods Beginning on or After | ||
| Lease Liability in Sale and Leaseback | ||||
| Classification of Liabilities as Current or Non-current | ||||
| Supplier Finance Arrangements | ||||
| Lack of Exchangeability | ||||
| Sale or Contribution of Assets between an Investor and its Associate or Joint Venture |
The amendments listed above did not have any impact on the amounts recognised in prior periods and are not expected to significantly affect the current or future periods.
F-22
NOTE 3. SIGNIFICANT ACCOUNTING POLICIES (Continued)
(ad) Critical Accounting Judgments, Estimates and Assumptions
The preparation of the consolidated financial statements requires management to make judgments, estimates and assumptions that affect the reported amounts in the consolidated financial statements. Management continually evaluates its judgments and estimates in relation to assets, liabilities, contingent liabilities, revenue and expenses. Management bases its judgments, estimates and assumptions on historical experience and on other various factors, including expectations of future events, management believes to be reasonable under the circumstances. The resulting accounting judgments and estimates will seldom equal the related actual results. The judgments, estimates and assumptions that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are discussed below.
(i) Provision for impairment of receivables
The provision for impairment of receivables assessment requires a degree of estimation and judgment. The level of provision is assessed by taking into account the recent sales experience, the ageing of receivables, historical collection rates and specific knowledge of the individual debtor’s financial position. Refer to Note 11 for further details.
(ii) Estimation of useful lives of assets
The Group determines the estimated useful lives and related depreciation and amortization charges for its plant and equipment and finite life intangible assets. The useful lives could change significantly as a result of technical innovations or some other events. The depreciation and amortization charge will increase where the useful lives are less than previously estimated lives, or technically obsolete or non-strategic assets that have been abandoned or sold will be written off or written down. Please refer to Note 3(e) and 3(j) for further detail.
(iii) Income tax
The Group is subject to income taxes in the jurisdictions in which it operates. Significant judgment is required in determining the provision for income tax and in assessing whether deferred tax assets and certain deferred tax liabilities are recognized in the consolidated statement of financial position. Deferred tax assets, including those arising from unrecouped tax losses, capital losses and temporary differences, are recognized only where it is considered more likely than not that they will be recovered, which is dependent on the generation of sufficient future taxable profits. Assumptions about the generation of future taxable profits depend on management’s estimates of future cash flows. In addition, there are many transactions and calculations undertaken during the ordinary course of business for which the ultimate tax determination is uncertain. The Group recognizes liabilities for anticipated tax audit issues based on the Group’s current understanding of the tax law. Where the final tax outcome of these matters is different from the carrying amounts, such differences will impact the current and deferred tax provisions in the period in which such determination is made.
Judgements are also required about the application of income tax legislation. These judgements and assumptions are subject to risk and uncertainty, hence there is a possibility that changes in circumstances will alter expectations, which may impact the amount of deferred tax assets and deferred tax liabilities recognized in the statement of financial position and the amount of other tax losses and temporary differences not yet recognized. In such circumstances, some or all of the carrying amounts of recognized deferred tax assets and liabilities may require adjustments, resulting in a corresponding credit or charge to the consolidated statement of profit or loss and comprehensive income.
(iii) Investment in an associate
The results and assets and liabilities of associates are incorporated in these financial statements using the equity method of accounting, except when the investment is classified as held for sale, in which case it is accounted for in accordance with IFRS 5.
(iv) Fair value estimate of warrant liability
Fair value estimation of warrant liability is included in note 3(n) and note 23 of the financial statements.
F-23
NOTE 3. SIGNIFICANT ACCOUNTING POLICIES (Continued)
(ad) Critical Accounting Judgments, Estimates and Assumptions (continued)
(v) Valuation of Inventory
Inventories are stated at the lower of cost or net realizable value, and the Group uses estimate to determine the net realizable value of inventory at the end of each reporting period.
The Group estimates the net realizable value of inventory for normal waste, obsolescence and unmarketable items at the end of reporting period and then writes down the cost of inventories to net realizable value. The net realizable value of the inventory is determined mainly based on assumptions of future demand within a specific time horizon.
(vi) Impairment of non-financial assets
The Group assesses impairment of all assets (including intangible assets) at each reporting date by evaluating conditions specific to the Group and to the particular asset that may lead to impairment. These include product, technology, economic and political environments and future product expectations. If an impairment trigger exists the recoverable amount of the asset is determined. Given the current uncertain economic environment management considered that the indicators of impairment were significant enough and as such these assets have been tested for impairment in this financial period. Refer to Note 3(h) for details regarding the method and assumptions used.
(vii) Fair value of convertible promissory notes
The fair value of convertible promissory notes are determined using valuation techniques including reference to other instruments that are substantially the same, discounted cash flow analysis and option pricing model. The inputs to these models are taken from observable markets where possible, but where this is not feasible, a degree of judgement is required in establishing fair values.
(viii) Fair value of derivative financial instruments
The fair values of derivative financial instruments that are not quoted in active markets are determined by using valuation techniques. Valuation techniques used include discounted cash flows analysis and models with built-in functions available in externally acquired financial analysis or risk management systems widely used by the industry such as option pricing models. To the extent practical, the models use observable data. In addition, valuation adjustments may be adopted if factors such as credit risk are not considered in the valuation models. Management judgement and estimates are required for the selection of appropriate valuation parameters, assumptions and modelling techniques.
F-24
NOTE 4. REVENUE AND SEGMENT INFORMATION
| Consolidated | ||||||||||||
| December 31, 2023 US$ | December 31, 2022 US$ | December 31, 2021 US$ | ||||||||||
| Sales of Halal products | ||||||||||||
| Development, sales and distribution of 3D autostereoscopic products and conversion equipment | ||||||||||||
| Sales of air-filter products | ||||||||||||
| Total Revenue | ||||||||||||
Operating segments have been determined on the
basis of reports reviewed by the executive director. The executive director is considered to be the chief operating decision maker of
the Group. The executive director considers that the Group has assessed and allocated resources on this basis. The executive director
considers that the Group has
Disaggregation of Revenue
| 2023 | At a point in time US$ | Total US$ | ||||||
| Sales of Halal products | ||||||||
| 2022 | At a point in time US$ | Total US$ | ||||||
| Sales of Halal products | ||||||||
| 2021 | At a point in time US$ | Total US$ | ||||||
| Development, sales and distribution of 3D autostereoscopic products and conversion equipment | ||||||||
| Sales of air- filter products | ||||||||
| Total Revenue | ||||||||
F-25
NOTE 4. REVENUE AND SEGMENT INFORMATION (Continued)
Revenue by geographic location
The Group’s operations are located in Malaysia.
| Consolidated | ||||||||||||
| December 31, 2023 US$ | December 31, 2022 US$ | December 31, 2021 US$ | ||||||||||
| Malaysia | ||||||||||||
| Hong Kong | ||||||||||||
| China | ||||||||||||
| USA | ||||||||||||
Non-current assets by geographic location
| Consolidated | ||||||||||||
| December 31, 2023 US$ | December 31, 2022 US$ | December 31, 2021 US$ | ||||||||||
| USA | ||||||||||||
| Korea | ||||||||||||
| Malaysia | ||||||||||||
| Canada | ||||||||||||
| Australia | ||||||||||||
| Hong Kong | ||||||||||||
| China | ||||||||||||
Major customers
| December 31, 2023 | December 31, 2022 | December 31, 2021 | ||||||||||||||||||||||
| Percentage of Revenue | Balance due US$ | Percentage of Revenue | Balance due US$ | Percentage of Revenue | Balance due US$ | |||||||||||||||||||
| Customer A | % | |||||||||||||||||||||||
| Customer B | % | |||||||||||||||||||||||
| Customer C | % | % | ||||||||||||||||||||||
| Customer D | % | % | ||||||||||||||||||||||
| Customer E | % | |||||||||||||||||||||||
F-26
NOTE 4. REVENUE AND SEGMENT INFORMATION (Continued)
| Consolidated | ||||||||||||||||||||||||||||||||
| For the year ended 31 December 2023 | Sales of electronic glass US$ | Sales of air- filter products US$ | Sales of Halal products US$ | Provision of consultancy US$ | NFT US$ | Energy products and solutions US$ | Corporate US$ | Total US$ | ||||||||||||||||||||||||
| Revenue | ||||||||||||||||||||||||||||||||
| Revenue from operating activities | ||||||||||||||||||||||||||||||||
| Interest income | - | |||||||||||||||||||||||||||||||
| Loss on fair value changes in investment | ||||||||||||||||||||||||||||||||
| Other income | ||||||||||||||||||||||||||||||||
| Segment revenue | ||||||||||||||||||||||||||||||||
| Cost of sales | ( | ) | ( | ) | ||||||||||||||||||||||||||||
| Employee benefit expenses | ( | ) | ( | ) | ( | ) | ||||||||||||||||||||||||||
| Depreciation and amortization expenses | ( | ) | ( | ) | ( | ) | ( | ) | ( | ) | ( | ) | ||||||||||||||||||||
| Professional and consulting expenses | ( | ) | ( | ) | ( | ) | ( | ) | ( | ) | ( | ) | ( | ) | ||||||||||||||||||
| Travel and accommodation expenses | ( | ) | ( | ) | ( | ) | ||||||||||||||||||||||||||
| Other operating expenses | ( | ) | ( | ) | ( | ) | ( | ) | ( | ) | ||||||||||||||||||||||
| Finance costs | ( | ) | ( | ) | ( | ) | ( | ) | ( | ) | ||||||||||||||||||||||
| Share on losses of associates | ( | ) | ( | ) | ||||||||||||||||||||||||||||
| Provision for inventory | ( | ) | ( | ) | ( | ) | ||||||||||||||||||||||||||
| Provision for bad debt | ( | ) | ( | ) | ( | ) | ( | ) | ||||||||||||||||||||||||
| Provision for other receivables | ( | ) | ( | ) | ( | ) | ( | ) | ( | ) | ||||||||||||||||||||||
| Provision for other current assets | - | ( | ) | ( | ) | - | - | - | - | ( | ) | |||||||||||||||||||||
| Provision for loan receivable | ( | ) | ( | ) | ||||||||||||||||||||||||||||
| Provision for equipment deposits | ( | ) | ( | ) | ||||||||||||||||||||||||||||
| Provision for associate | - | - | - | - | - | - | ( | ) | ( | ) | ||||||||||||||||||||||
| Provision for former companies | - | - | - | - | - | - | ( | ) | ( | ) | ||||||||||||||||||||||
| Provision for intangible assets | - | - | - | - | - | - | ( | ) | ( | ) | ||||||||||||||||||||||
| Loss on fair value change in warrant | ||||||||||||||||||||||||||||||||
| Exchange (loss)/gain | ( | ) | ( | ) | ||||||||||||||||||||||||||||
| Segment expenses | ( | ) | ( | ) | ( | ) | ( | ) | ( | ) | ( | ) | ( | ) | ( | ) | ||||||||||||||||
| Segment operating (loss)/profit | ( | ) | ( | ) | ( | ) | ( | ) | ( | ) | ( | ) | ( | ) | ( | ) | ||||||||||||||||
| Segment assets 2023 | ||||||||||||||||||||||||||||||||
| Segment liabilities 2023 | ( | ) | ( | ) | ( | ) | ( | ) | ( | ) | ( | ) | ||||||||||||||||||||
F-27
NOTE 4. REVENUE AND SEGMENT INFORMATION (Continued)
| Consolidated | ||||||||||||||||||||||||||||||||
| For the year ended 31 December 2022 |
Sale of electronic glass US$ |
Sale of air-filter products US$ |
Sale of Halal products US$ |
Provision of credit risk analysis US$ |
Provision of consultancy US$ |
NFT US$ |
Corporate US$ |
Total US$ |
||||||||||||||||||||||||
| Revenue | ||||||||||||||||||||||||||||||||
| Revenue from operating activities | ||||||||||||||||||||||||||||||||
| Interest income | ||||||||||||||||||||||||||||||||
| Gain on disposal of investment in equity instrument | ||||||||||||||||||||||||||||||||
| Loss on fair value changes in investment | ( |
) | ( |
) | ||||||||||||||||||||||||||||
| Other income | ||||||||||||||||||||||||||||||||
| Segment revenue | ||||||||||||||||||||||||||||||||
| Cost of sales | ( |
) | ( |
) | ||||||||||||||||||||||||||||
| Employee benefit expenses | ( |
) | ( |
) | ( |
) | ( |
) | ( |
) | ( |
) | ( |
) | ||||||||||||||||||
| Depreciation and amortization expenses | ( |
) | ( |
) | ( |
) | ( |
) | ( |
) | ( |
) | ( |
) | ( |
) | ||||||||||||||||
| Professional and consulting expenses | ( |
) | ( |
) | ( |
) | ( |
) | ( |
) | ( |
) | ( |
) | ( |
) | ||||||||||||||||
| Travel and accommodation expenses | ( |
) | ( |
) | ( |
) | ( |
) | ( |
) | ||||||||||||||||||||||
| Other operating expenses | ( |
) | ( |
) | ( |
) | ( |
) | ( |
) | ( |
) | ( |
) | ||||||||||||||||||
| Finance costs | ( |
) | ( |
) | ( |
) | ( |
) | ( |
) | ( |
) | ||||||||||||||||||||
| Share on losses of associates | ( |
) | ( |
) | ||||||||||||||||||||||||||||
| Gain on disposal of subsidiaries | ( |
) | ( |
) | ( |
) | ( |
) | ||||||||||||||||||||||||
| Loss on deemed disposal of subsidiary | ( |
) | ( |
) | ||||||||||||||||||||||||||||
| Provision for inventory | ( |
) | ( |
) | ( |
) | ||||||||||||||||||||||||||
| Provision for bad debt | ( |
) | ( |
) | ||||||||||||||||||||||||||||
| Written off of property, plant and equipment | ( |
) | ( |
) | ||||||||||||||||||||||||||||
| Loss on fair value change in warrant | ( |
) | ( |
) | ||||||||||||||||||||||||||||
| Exchange gain/(loss) | ( |
) | ( |
) | ||||||||||||||||||||||||||||
| Segment expenses | ( |
) | ( |
) | ( |
) | ( |
) | ( |
) | ( |
) | ( |
) | ( |
) | ||||||||||||||||
| Segment operating (loss)/profit | ( |
) | ( |
) | ( |
) | ( |
) | ( |
) | ( |
) | ( |
) | ( |
) | ||||||||||||||||
| Segment assets 2022 | ||||||||||||||||||||||||||||||||
| Segment liabilities 2022 | ( |
) | ( |
) | ( |
) | ( |
) | ( |
) | ( |
) | ||||||||||||||||||||
F-28
NOTE 4. REVENUE AND SEGMENT INFORMATION (Continued)
| Consolidated | ||||||||||||||||||||||||||||
| For the year ended 31 December 2021 | Development, sale and distribution of 3D displays, conversion equipment, software and others US$ | Sales of US$ | Sales of US$ | Provision of US$ | NFT US$ | Corporate US$ | Total US$ | |||||||||||||||||||||
| Revenue | ||||||||||||||||||||||||||||
| Revenue from operating activities | ||||||||||||||||||||||||||||
| Interest income | ||||||||||||||||||||||||||||
| Fair value change in derivative financial instruments | ( | ) | ( | ) | ||||||||||||||||||||||||
| Other income | ||||||||||||||||||||||||||||
| Segment revenue | ( | ) | ( | ) | ||||||||||||||||||||||||
| Cost of sales | ( | ) | ( | ) | ( | ) | ( | ) | ||||||||||||||||||||
| Employee benefit expenses | ( | ) | ( | ) | ( | ) | ( | ) | ( | ) | ( | ) | ||||||||||||||||
| Depreciation and amortization expenses | ( | ) | ( | ) | ( | ) | ( | ) | ( | ) | ( | ) | ||||||||||||||||
| Professional and consulting expenses | ( | ) | ( | ) | ( | ) | ( | ) | ( | ) | ( | ) | ( | ) | ||||||||||||||
| Travel and accommodation expenses | ( | ) | ( | ) | ( | ) | ( | ) | ( | ) | ( | ) | ||||||||||||||||
| Other operating expenses | ( | ) | ( | ) | ( | ) | ( | ) | ( | ) | ( | ) | ||||||||||||||||
| Reversal of allowance for inventory obsolescence | ||||||||||||||||||||||||||||
| Provision for bad debt | ( | ) | ( | ) | ||||||||||||||||||||||||
| Gain/ (loss) on disposal of subsidiaries | ( | ) | ||||||||||||||||||||||||||
| Finance costs | ( | ) | ( | ) | ( | ) | ( | ) | ( | ) | ||||||||||||||||||
| Segment expenses | ( | ) | ( | ) | ( | ) | ( | ) | ( | ) | ( | ) | ||||||||||||||||
| Segment operating profit/(loss) | ( | ) | ( | ) | ( | ) | ( | ) | ( | ) | ( | ) | ||||||||||||||||
| Segment assets 2021 | ||||||||||||||||||||||||||||
| Segment liabilities 2021 | ( | ) | ( | ) | ( | ) | ( | ) | ( | ) | ( | ) | ||||||||||||||||
F-29
NOTE 5. OTHER INCOME
| Consolidated | ||||||||||||
| December 31, 2023 US$ | December 31, 2022 US$ | December 31, 2021 US$ | ||||||||||
| Waive of debts | ||||||||||||
| Underwriting fee from investment | ||||||||||||
| Sundry income | ||||||||||||
NOTE 6. FINANCE COSTS
| Consolidated | ||||||||||||
| December 31, 2023 US$ | December 31, 2022 US$ | December 31, 2021 US$ | ||||||||||
| Bank overdraft and borrowing interest | ||||||||||||
| Interest on revolving loan | ||||||||||||
| Interest on operating lease liability | ||||||||||||
| Interest on convertible promissory notes (Note 20) | ||||||||||||
F-30
NOTE 7. LOSS BEFORE INCOME TAX
| Consolidated | ||||||||||||
| December 31, 2023 US$ | December 31, 2022 US$ | December 31, 2021 US$ | ||||||||||
| Employee benefit expenses: | ||||||||||||
| - Wages and salaries | ||||||||||||
| - Staff welfare | ||||||||||||
| - Defined contribution superannuation plan expenses | ||||||||||||
| - Executive directors’ remuneration | ||||||||||||
| - Non-executive directors’ remuneration | ||||||||||||
| Total employee benefit expenses | ||||||||||||
| Depreciation and amortization of non-current assets: | ||||||||||||
| - Machinery | ||||||||||||
| - Office furniture and equipment | ||||||||||||
| - Leasehold improvements | ||||||||||||
| - Intangible assets | ||||||||||||
| - Right of use assets | ||||||||||||
| Total depreciation and amortization | ||||||||||||
| Other Expenses: | ||||||||||||
| Allowances/(recovery) for bad debts | ( | ) | ||||||||||
| Rental expense on operating lease | ||||||||||||
| Provision for inventory | ||||||||||||
| Provision for equipment deposits | ||||||||||||
| Provision for other receivable | ||||||||||||
| Provision for loan receivable | ||||||||||||
| Provision for other current assets | ||||||||||||
| Provision for due from associate | ||||||||||||
| Provision for due from former companies | ||||||||||||
| Provision for intangible assets | ||||||||||||
| Selling costs | ||||||||||||
| Other operating expenses | ||||||||||||
| Reversal of allowance for inventory obsolescence | ( | ) | ||||||||||
| Plant and equipment written off | ||||||||||||
| Other expenses | ||||||||||||
| Other gains: | ||||||||||||
| Gain on deemed disposal of subsidiaries | ||||||||||||
| Loss/(gain) on disposal of subsidiaries | ( | ) | ||||||||||
| Exchange loss, net | ( | ) | ( | ) | ( | ) | ||||||
| Total other gains | ( | ) | ( | ) | ( | ) | ||||||
| Audit and review of financial statements: | ||||||||||||
| - audit of the Group in USA | ||||||||||||
| - statutory audit of the Group in Australia | ||||||||||||
| - statutory audit of the subsidiaries | ||||||||||||
| - review for other reporting purposes | ||||||||||||
| Total audit and review fees | ||||||||||||
F-31
NOTE 8. INCOME TAX EXPENSE
| Consolidated | ||||||||||||
| December 31, 2023 US$ | December 31, 2022 US$ | December 31, 2021 US$ | ||||||||||
| Income tax expenses | ||||||||||||
| Deferred tax expenses | ||||||||||||
| Income tax expenses | ||||||||||||
(a)
| Consolidated | ||||||||||||
| December 31, 2023 US$ | December 31, 2022 US$ | December 31, 2021 US$ | ||||||||||
| Numerical reconciliation of income tax expense to prima facie tax payable | ||||||||||||
| Loss before income tax | ( | ) | ( | ) | ( | ) | ||||||
| Income tax expenses on loss before income tax at | ( | ) | ( | ) | ( | ) | ||||||
| Difference in overseas tax rates and adjustment for non-taxable items | ( | ) | ( | ) | ||||||||
| Less the tax effect of: | ||||||||||||
| Tax losses and temporary differences for the year for which no deferred tax is recognized | ||||||||||||
| Income tax expenses | ||||||||||||
The tax losses carried forward for the Group at
the December 31, 2023 was $
(b)
| Consolidated | ||||||||
| December 31, 2023 US$ |
December 31, 2022 US$ |
|||||||
| Balance brought forward | ||||||||
| Exchange difference | ||||||||
| Total | ||||||||
(c)
| Consolidated | ||||||||
| 2023 | 2022 | |||||||
| US$ | US$ | |||||||
| Deferred tax assets have not been recognised in respect of the following items: | ||||||||
| i) Temporary differences at | ||||||||
| ii) Tax losses at | ||||||||
Tax losses do not expire under current tax legislation. Deferred tax assets have not been recognised in respect of these losses because it is not probable that future taxable profit will be available against which the Group can utilise the benefits from the deferred tax assets.
(d) There was no income tax payable in the consolidated statements of financial position in years 2023 and 2022.
F-32
NOTE 9. DIVIDENDS
dividends were declared and paid during the financial year ended December 31, 2023 (2022: ).
NOTE 10. LOSS PER SHARE
| Consolidated | ||||||||||||
| December 31, 2023 |
December 31, 2022 |
December 31, 2021 |
||||||||||
| Loss after income tax attributable to shareholders | US$ | ( |
) | US$ | ( |
) | US$ | ( |
) | |||
| Number of ordinary shares* | ||||||||||||
| Weighted average number of ordinary shares on issue* | ||||||||||||
| Basic and diluted loss per share* | US$ | ( |
) | US$ | ( |
) | US$ | ( |
) | |||
*
NOTE 11. TRADE RECEIVABLES, OTHER RECEIVABLES AND OTHER CURRENT ASSETS
(a) Trade receivables
| Consolidated | ||||||||
| December 31, 2023 US$ | December 31, 2022 US$ | |||||||
| Trade receivables | ||||||||
| Less: Allowances for doubtful debts | ( | ) | ( | ) | ||||
| Consolidated | ||||||||
| December 31, 2023 US$ | December 31, 2022 US$ | |||||||
| Movement of allowance for doubtful debts | ||||||||
| As of January 1 | ||||||||
| Movement during the year | ||||||||
| As at December 31 | ||||||||
(i) Ageing Analysis
| Consolidated | ||||||||
| December 31, 2023 US$ | December 31, 2022 US$ | |||||||
| Current (not past due) | ||||||||
| Overdue: less than 1 month | ||||||||
| Overdue: 1 month - 3 months | ||||||||
| Overdue: 3 months- 12 months | ||||||||
| Overdue: over 12 months | ||||||||
(ii) Trade receivables which are past due but not impaired
Included in the Group’s trade receivable
balances are debtors with an aggregate carrying amount of US$
The carrying value of trade receivables is considered reasonable approximation of fair value to the short-term nature of the balance.
The maximum exposure to credit risk at the reporting date is the fair value of each class of receivables in the consolidated financial statements. Refer to Note 28(e) for further details of credit risk management.
F-33
NOTE 11. TRADE RECEIVABLES, OTHER RECEIVABLES AND OTHER CURRENT ASSETS (continued)
(b) Other receivables
| Consolidated | ||||||||
| December 31, 2023 US$ | December 31, 2022 US$ | |||||||
| Other receivables | ||||||||
| Provision | ( | ) | ||||||
The other receivables mainly relate to advances for purchase of halal products and inner layer film.
(c) Other current assets
| Consolidated | ||||||||
| December 31, 2023 US$ | December 31, 2022 US$ | |||||||
| Trade deposits | ||||||||
| Other deposits | ||||||||
| Prepayments | ||||||||
| VAT receivable | ||||||||
| Provision for other current assets | ( | ) | ||||||
The other deposits mainly relate to the purchase of air filter designs and products.
NOTE 12. INVENTORIES
| Consolidated | ||||||||
| December 31, 2023 US$ | December 31, 2022 US$ | |||||||
| Finished goods – Halal products | ||||||||
| Finished goods – displays and other products | ||||||||
| Provision for inventories | ( | ) | ( | ) | ||||
NOTE 13. LOAN RECEIVABLE
| Consolidated | ||||||||
| December 31, 2023 US$ | December 31, 2022 US$ | |||||||
| Loan receivable | ||||||||
| Loan interest receivable | ||||||||
| Provision for loan receivable | ( | ) | ||||||
On September 15, 2022 the Company completed the
sale of
F-34
NOTE 14. INVESTMENT IN AN ASSOCIATE
| Consolidated | ||||||||
| December 31, 2023 US$ | December 31, 2022 US$ | |||||||
| Interest in associate | ||||||||
| Due from an associate company, net | ||||||||
| Provision for associate | ( | ) | ||||||
| Name of Associates | Country of Incorporation | Principal Activities | Paid Up Capital | Percentage Owned | |||||||
| 2023 | 2022 | ||||||||||
| Greifenberg Digital Limited | US$ | | | ||||||||
| As at 31 December | 2023 | 2022 | ||||||
| US$ | US$ | |||||||
| Current assets | ||||||||
| Non-current assets | ||||||||
| Current liabilities | ( | ) | ( | ) | ||||
| Net assets | ||||||||
| Group share of net assets | % | % | ||||||
| Year ended 31 December | ||||||||
| Revenues, net | ||||||||
| Loss after tax | ( | ) | ( | ) | ||||
Other than as disclosed in Note 29(b), the non-trade
amounts due from associate is unsecured,
NOTE 15. AMOUNTS DUE FROM THE FORMER GROUP COMPANIES
| Consolidated | ||||||||
| December 31, 2023 US$ | December 31, 2022 US$ | |||||||
| Amounts due from former group companies - net | ||||||||
| Provision for due from former group companies | ( | ) | ||||||
As at December 31, 2022, the non-trade amounts due from former group
companies include an amount of about US$
The other amount due to former group companies
are unsecured, interest at
F-35
NOTE 16. PLANT AND EQUIPMENT
| Consolidated | ||||||||||||||||
Leasehold US$ | Fixtures and US$ | Machinery US$ | Total US$ | |||||||||||||
| As of December 31, 2021 | ||||||||||||||||
| Cost | ||||||||||||||||
| Accumulated depreciation | ( | ) | ( | ) | ( | ) | ( | ) | ||||||||
| Carrying amount as of December 31, 2021 | ||||||||||||||||
| Year ended December 31, 2022 | ||||||||||||||||
| Opening carrying amount | ||||||||||||||||
| Additions | ||||||||||||||||
| Disposals | ( | ) | ( | ) | ( | ) | ||||||||||
| Write-off | ( | ) | ( | ) | ( | ) | ||||||||||
| Depreciation expenses | ( | ) | ( | ) | ( | ) | ( | ) | ||||||||
| Closing carrying amount as of December 31, 2022 | ||||||||||||||||
| As of December 31, 2022 | ||||||||||||||||
| Cost | ||||||||||||||||
| Accumulated depreciation | ( | ) | ( | ) | ( | ) | ( | ) | ||||||||
| Close carrying amount as of December 31, 2022 | ||||||||||||||||
| Year ended December 31, 2023 | ||||||||||||||||
| Opening carrying amount | - | |||||||||||||||
| Additions | ||||||||||||||||
| Depreciation expenses | - | ( | ) | ( | ) | ( | ) | |||||||||
| Closing carrying amount as of December 31, 2023 | - | |||||||||||||||
| As of December 31, 2023 | ||||||||||||||||
| Cost | ||||||||||||||||
| Accumulated depreciation | ( | ) | ( | ) | ( | ) | ||||||||||
| Carrying amount as of December 31, 2023 | ||||||||||||||||
NOTE 17. EQUIPMENT DEPOSIT
| Consolidated | ||||||||
| December 31, 2023 US$ | December 31, 2022 US$ | |||||||
| Carrying value as at January 1 | ||||||||
| Addition during the year | ||||||||
| Disposal to former group companies | ( | ) | ||||||
| Provision during the year | ( | ) | ||||||
| Carrying value as at end of year | ||||||||
The equipment deposit is for the lamination equipment
for the manufacturing of smartglass. During the year, the Company paid a further deposit of $
F-36
NOTE 18. INTANGIBLE ASSETS
| Consolidated | ||||||||||||||||||||
| Technologies and Knowhow US$ | Patents and Trademark US$ | Software and License US$ | Goodwill US$ | Total US$ | ||||||||||||||||
| Cost | ||||||||||||||||||||
| As of January 1, 2022 | ||||||||||||||||||||
| Additions | ||||||||||||||||||||
| Disposal | ( | ) | ( | ) | ||||||||||||||||
| Write-off | ( | ) | ( | ) | ( | ) | ( | ) | ||||||||||||
| As of December 31, 2022 | ||||||||||||||||||||
| As of January 1, 2023 | ||||||||||||||||||||
| Additions | ||||||||||||||||||||
| Provision | ( | ) | ( | ) | ||||||||||||||||
| As of December 31, 2023 | ||||||||||||||||||||
| Accumulated Amortization and Impairment Losses | ||||||||||||||||||||
| As of January 1, 2022 | ( | ) | ( | ) | ( | ) | ( | ) | ||||||||||||
| Amortisation | ( | ) | ( | ) | ( | ) | ||||||||||||||
| Disposal | ||||||||||||||||||||
| Write-off | ||||||||||||||||||||
| December 31, 2022 | ( | ) | ( | ) | ( | ) | ||||||||||||||
| As of January 1, 2023 | ( | ) | ( | ) | ( | ) | ||||||||||||||
| Amortisation | ( | ) | ( | ) | ( | ) | ||||||||||||||
| As of December 31, 2023 | ( | ) | ( | ) | ( | ) | ||||||||||||||
| Carrying Amount | ||||||||||||||||||||
| As of December 31, 2023 | ||||||||||||||||||||
| As of December 31, 2022 | ||||||||||||||||||||
F-37
NOTE 19. TRADE AND OTHER PAYABLES
| Consolidated | ||||||||
| December 31, 2023 US$ | December 31, 2022 US$ | |||||||
| Trade payables | ||||||||
| Other payables | ||||||||
| Amount due to directors (i) | ||||||||
| Accruals | ||||||||
| (i) |
NOTE 20. CONVERTIBLE PROMISSORY NOTES
| Consolidated | ||||||||
| December 31, 2023 US$ | December 31, 2022 US$ | |||||||
| Face value of convertible promissory notes issued from July to December 2022 (note i) | ||||||||
| Face value of convertible promissory note issued in November 2023 (note ii) | ||||||||
| Debt discount to other reserves | ( | ) | ||||||
Derivatives embedded in the convertible promissory note issued (Note 22) | ( | ) | ( | ) | ||||
| Liability component on initial recognition | ||||||||
| Converted to shares in the Company | ( | ) | ||||||
| Redeemed through the conversion to eGlass shares | ( | ) | ||||||
| Interest accrued | ||||||||
| Carrying value as at end of year | ||||||||
Note (i)
From July to December 2022, the Company issued
a total of approximately US$
However, if by the first anniversary of the date
of the issuance of the CPNote, eGlass has not received notice from ASX that it will be admitted to the official list of ASX, all CPNotes,
according to the time of the one year anniversary, will then as appropriate, convert to shares of the Company based on then 30-day VWAP
multiplied by
In addition, each noteholder shall receive warrants (“Warrant”) equal to the amount of the CPNote to subscribe for one share in eGlass at the IPO Price for a period of one year after the IPO, provided that eGlass is listed on the ASX. The Warrants are assignable and transferable prior to the IPO. If eGlass is not listed on the ASX, the Warrants will automatically expire.
In November and December 2023, all of the CPNotes
were converted into eGlass shares, except for US$
Note (ii)
In November 2023, the Company issued a US$
F-38
NOTE 20. CONVERTIBLE PROMISSORY NOTES (Continued)
| Consolidated | ||||||||
| December 31, 2023 US$ | December 31, 2022 US$ | |||||||
| Carrying value as at January 1 | ||||||||
| Interest accrued at effective interest rate | ||||||||
| Shares issued for interest payment | ( | ) | ||||||
| Shares issued on conversion of convertible promissory note | ( | ) | ( | ) | ||||
| Redemption of convertible promissory note | ( | ) | ||||||
| Carrying value as at December 31 | - | |||||||
In, 2022, the Convertible Promissory Notes converted into shares of the Company are as follows:
(a) On
January 20, 2020, the Company entered into a Convertible Promissory Note Purchase Agreement the (“CN Agreement”), with an
independent third party (“Noteholder”). Pursuant to CN Agreement, the Noteholder purchased from the Company a
In October 2020, the Group settled the interest
accrued of $
On January 19, 2022, the Noteholder converted
the Promissory Note and accrued interest to a total of
(b) On
August 6, 2020, the Company entered into a second Convertible Promissory Note Agreement (“the Second CN Agreement”) with a
third party (“Second Noteholder”). Pursuant to the Second CN Agreement, the holder invested US$
The conversion feature in convertible promissory notes were derivative liabilities based on the fact the conversion into shares could result in a variable number of shares to be issued.
On April 13, 2022 the Second Noteholder converted
the Second CN Agreement to a total of
In 2023, the convertible promissory notes converted into shares of the Company are as follows:
As detailed in this Note (i) above, all the convertible
notes issued from July to December 2022 totaling about US$
F-39
NOTE 21. FINANCIAL ASSETS AT FAIR VALUE THROUGH OTHER COMPREHENSIVE INCOME
| Consolidated | ||||||||
December 31, US$ | December 31, US$ | |||||||
| Investment in equity instrument designated at FVOCI | ||||||||
| As at January 1 | ||||||||
| Change in fair value through other comprehensive income | ( | ) | ||||||
| Disposal of investment in listed shares | ( | ) | ||||||
| As at December 31 | ||||||||
On February 25, 2021, the Group completed the
underwriting in Oakridge International Limited (“Oakridge”), a company listed on the Australian Securities Exchange, for
This investment in equity instrument was not held for trading. Instead, they were held for medium to long-term strategic purposes. Accordingly, the directors of the Company elected to designate this investment in equity instrument as at Fair Value Through Other Comprehensive Income (FVOCI) as they believe that recognising short-term fluctuations in this investment’s fair value in profit or loss would not be consistent with the Group’s strategy of holding this investment for long-term purposes and realising their performance potential in the long run.
In 2022, the Company disposed of the investment
in Oakridge for A$
NOTE 22. DERIVATIVE FINANCIAL INSTRUMENTS
| Consolidated | ||||||||
| December 31, 2023 US$ | December 31, 2022 US$ | |||||||
| Derivative financial liabilities: | ||||||||
| Carrying value as at beginning of year | ||||||||
| Derivative redeemed on conversion of promissory notes | ( | ) | ( | ) | ||||
Derivatives embedded in the convertible promissory note issued (Note 20(a)) | ||||||||
| Fair value change in derivative financial instruments during the year | ||||||||
| Carrying value as at end of year | ||||||||
In the prior year from July to December 2022,
the Company entered into a number of Subscription Agreements (“Subscription Agreements”) for US$
As at December 31, 2021, the derivatives related to two convertible
promissory notes (“CN Notes”) entered into during 2020 (details are set out in Note 20) were revalued using the weighted average
assumptions: volatility
F-40
NOTE 23. WARRANT LIABILITIES
| Consolidated | ||||||||
| December 31, 2023 US$ | December 31, 2022 US$ | |||||||
| Warrant liabilities | ||||||||
On January 3, 2022, the Company entered into convertible
note purchase agreements raising a total of US$
On August 2, 2022, the Company entered into private
placing agreements raising a total US$
F-41
NOTE 24. BUSINESS COMBINATIONS
(a) Disposal of subsidiaries
In 2022, the Group disposed eGlass Technologies
Ltd, Smartglass Limited and Smart (Zhenjiang) Intelligent Technologies Limited which realized a loss on disposal of US$
| Consolidated | ||||||||||||
| 2023 | 2022 | 2021 | ||||||||||
| US$ | US$ | US$ | ||||||||||
| Total disposal consideration | ||||||||||||
| Carrying amount of net asset sold (note(i) below) | ( | ) | ( | ) | ||||||||
| Loss on sales before income tax and reclassification of foreign currency translation reserve | ( | ) | ( | ) | ||||||||
| Reclassification of foreign currency transaction reserve | ||||||||||||
| Non-controlling interest | ||||||||||||
| (Loss)/gain on disposal after income tax | ( | ) | ||||||||||
(i)
| Consolidated | ||||||||||||
| 2023 | 2022 | 2021 | ||||||||||
| US$ | US$ | US$ | ||||||||||
| Cash and bank balances | ||||||||||||
| Plant and equipment | ||||||||||||
| Right of use assets | ||||||||||||
| Inventories | ||||||||||||
| Trade and others receivable | ||||||||||||
| Other deposit and prepayment | ||||||||||||
| Amount due from former fellow subsidiaries | ||||||||||||
| Trade and other liabilities | ( | ) | ( | ) | ||||||||
| Amount due to a related company | ( | ) | ||||||||||
| Amount due to holding company | ( | ) | ||||||||||
| Lease liabilities | ( | ) | ||||||||||
| Lease liabilities - long term | ( | ) | ||||||||||
| Deferred tax liabilities | ( | ) | ||||||||||
F-42
NOTE 24. BUSINESS COMBINATIONS (Continued)
(a) Disposal of subsidiaries (continued)
(ii)
| Consolidated | ||||||||||||
| 2023 | 2022 | 2021 | ||||||||||
| US$ | US$ | US$ | ||||||||||
| Consideration received, satisfied in cash | ||||||||||||
| Cash and cash equivalents of subsidiaries disposed of (included cash at bank and bank overdraft) | ( | ) | ( | ) | ||||||||
| ( | ) | |||||||||||
(b) Deemed disposal of subsidiaries
In 2022, the Group’s equity investment in
Greifenberg Digital Limited and its subsidiaries (“Greifenberg Group”) decreased from
| Consolidated | ||||||||||||
| 2023 | 2022 | 2021 | ||||||||||
| US$ | US$ | US$ | ||||||||||
| Total deemed disposal consideration | ||||||||||||
| Carrying amount of net asset sold (note(i) below) | ( | ) | ||||||||||
| Loss on sales before income tax and reclassification of foreign currency translation reserve | ( | ) | ||||||||||
| Non-controlling interest | ||||||||||||
| Loss on disposal after income tax | ( | ) | ||||||||||
(i) Net assets disposed of:
| Consolidated | ||||||||||||
| 2023 | 2022 | 2021 | ||||||||||
| US$ | US$ | US$ | ||||||||||
| Intangible assets | ||||||||||||
| Cash and bank balance | ||||||||||||
| Other deposit and prepayment | ||||||||||||
| Amount due to a related company | ||||||||||||
| Trade and other liabilities | ( | ) | ||||||||||
F-43
NOTE 24. BUSINESS COMBINATIONS (Continued)
(b) Deemed disposal of subsidiaries (continued)
(ii) Net cash flows from disposal of subsidiaries
| Consolidated | ||||||||||||
| 2023 | 2022 | 2021 | ||||||||||
| US$ | US$ | US$ | ||||||||||
| Deemed consideration received, satisfied in investment in associate | ||||||||||||
| Cash and cash equivalents of subsidiaries disposed of (included cash at bank and bank overdraft) | ( | ) | ||||||||||
(c) Acquisition of subsidiaries
On January 31, 2022, the Company acquired
On June 28, 2023, the Company acquired
| Consolidated | ||||||||||||
| 2023 | 2022 | 2021 | ||||||||||
| US$ | US$ | US$ | ||||||||||
| Purchase consideration (refer to (b) below): | ||||||||||||
| Cash paid | ||||||||||||
| Ordinary shares issued | ||||||||||||
| Total purchase considerations | ||||||||||||
| The assets and liabilities recognized as a result of the acquisitions are as follows: | ||||||||||||
| Cash | ||||||||||||
| Other assets | ||||||||||||
| Intangible assets | ||||||||||||
| Equipment | ||||||||||||
| Accounts payables | ( | ) | ||||||||||
| Other payables | ( | ) | ||||||||||
| Net identifiable liabilities acquired | ( | ) | ||||||||||
| Increase/(decrease) non-controlling interests | ( | ) | ||||||||||
| Increase in goodwill | ||||||||||||
| Increase in other reserve | ||||||||||||
F-44
NOTE 25. ISSUED CAPITAL
| December 31, 2023 | December 31, 2022 | December 31, 2021 | ||||||||||||||||||||||
| Number of shares* | US$ | Number of shares* | US$ | Number of shares* | US$ | |||||||||||||||||||
| Ordinary Shares fully paid | ||||||||||||||||||||||||
| * |
| Company | ||||||||
| Number of Shares | US$ | |||||||
| January 1, 2021 | ||||||||
| Issue of shares for services | ||||||||
| Issue of shares for cash | ||||||||
| Legal expenses in respect of issuance of debts | ( | ) | ||||||
| December 31, 2021 | ||||||||
| Issuance of shares for execution of share options | ||||||||
| Issuance of shares for cash | ||||||||
| Issuance of shares on conversion of debts | ||||||||
| December 31 2022 | ||||||||
| Issuance of shares for cash | ||||||||
| Issuance of shares for services | ||||||||
| Total issue of shares prior to share consolidation | ||||||||
| 1 for 10 share consolidation of our fully paid ordinary shares | ( | ) | - | |||||
| Total issue of shares post share consolidation | ||||||||
| Issuance of shares for cash | ||||||||
| Issuance of shares for services | ||||||||
| Issuance of shares on acquisition of subsidiaries | ||||||||
| Issuance of shares on conversion of debts | ||||||||
| December 31, 2023 | ||||||||
There is only one class of share on issue being ordinary fully paid shares. Holders of ordinary shares are treated equally in all respects regarding voting rights and with respect to the participation in dividends and in the distribution of surplus assets upon a winding up. The fully paid ordinary shares have no par value.
On October 16, 2023, the Company effectuated a
1-for-10 share consolidation of the ordinary shares, which was approved at a special meeting of the shareholders on September 29, 2023.
The purpose of the share consolidation was to enable the Company to meet the Nasdaq’s minimum share price requirement. The share consolidation
became effective on October 16, 2023 and every then issued and outstanding ordinary shares were automatically combined into one issued
and outstanding ordinary share. This reduced the number of outstanding shares from
F-45
NOTE 25. ISSUED CAPITAL (Continued)
(c) Convertible Notes
During the year 2021, the details of convertible notes movements are as below:-
There was no movement in convertible notes in 2021.
During the year 2022, the details of convertible notes movements are as below:-
On January 3, 2022, the Company entered into convertible
note purchase agreements raising a total of US$
On January 19, 2022 a noteholder converted all
the Jan 2020 Convertible Note into a total of
In April 2022, a noteholder converted all the
NGT Note into a total of
From July to December 2022, the Company entered
into a number of Subscription Agreements (“Subscription Agreements”) for US$
During the year 2023, the details of convertible notes movements are as below:-
On October 24, 2023, the Company entered into convertible note purchase
agreements with Nextglass Solutions, Inc raising a total of US$
As detailed above, all the CPNotes issued from
July to December 2022 totaling about US$
Subsequent to the year end to the date of this report, the details of convertible notes movement are as below:
On July 17, 2024, the Company entered into a
Convertible Note and Warrants Purchase Agreement for Montague Capital Pty Ltd to raise US$
In addition, the noteholder shall receive a warrant
representing
F-46
NOTE 25. ISSUED CAPITAL (Continued)
(d) Warrants
During the year 2021, the details of warrants movements are as below:-
There were no warrants issued in 2021.
During the year 2022, the details of warrants movements are as below:-
On January 3, 2022 in connection with the sale
of the convertible note, the Company issued to the noteholders warrants to purchase up to
In connection with the private placements in August
and September 2022, the Company issued to the shareholders warrants to purchase a total of
Subsequent to the year end to the date of this report, the details of warrants movement are as below:
On July 17, 2024 in connection with the Convertible
Note and Warrants Purchase Agreement, the Company issued to the noteholder warrants to purchases a total of
(e) Options
On August 17, 2022, the Company filed in accordance
with the requirements under the Securities Act of 1933, as amended, in order to register
2021 Employee Share Option Plan
In December 2021, the Company approved a new Employee
Share Option Plan (“2021 ESOP”). The 2021 ESOP is available to employee, consultants, and eligible persons (as the case may
be) of the Company upon determined by the Remuneration Committee and at the absolute discretion of the Board. The 2021 ESOP is valid for
As at December 31, 2023, the Company had no employee share option issued and outstanding in respect to the 2021 ESOP.
F-47
NOTE 26. RESERVES
| (i) | In 2021, the significant movement in other reserves represents the release of the reserve to accumulated losses as a result of the disposal of the subsidiary GOXD International Limited and its subsidiaries. |
| (ii) | In 2022, the movement in other reserves represents the release of the reserve to accumulated losses as a result of the disposal of the investment in Financial Assets at Fair Value Through other Comprehensive Income and the acquisition of a subsidies company. (Note 24(c)). |
| (iii) | In 2023, the movement in other reserves represents the difference between the initial fair value of the convertible promissory note as a whole and the initial fair value of the liability component arising from the issue of the US$ |
NOTE 27. COMMITMENTS
(a) Non-cancellable operating leases
| Consolidated | ||||||||
| 2023 | 2022 | |||||||
| US$ | US$ | |||||||
| Within one year | ||||||||
| In the second to fifth years, inclusive | ||||||||
(b) Capital commitments
As of December 31, 2023 the Group had no capital commitment.
F-48
NOTE 28. FINANCIAL RISK MANAGEMENT
(a) Financial risk management objectives
The Group is exposed to financial risk through the normal course of their business operations. The key risks impacting the Group’s financial instruments are considered to be interest rate risk, foreign currency risk, liquidity risk, credit risk and capital risk. The Group’s financial instruments exposed to these risks are cash and short term deposits, receivables, trade payables and borrowings.
The Group’s chief executive officer for operations monitors the Group’s risks on an ongoing basis and report to the Board.
(b) Interest rate risk management
The Group is exposed to interest rate risk (primarily on its cash and bank balances, loan receivables, amount due to ultimate holding company, and borrowings), which is the risk that a financial instrument’s value will fluctuate as a result of changes in the market interest rates on interest-bearing financial instruments.
The Group has adopted a policy of ensuring it maintains adequate cash and cash equivalents balances available at call. These accounts currently earn low interests.
The sensitivity analyses below have been determined based on the exposure to interest rates at the reporting date and the stipulated change taking place at the beginning of the financial year and held constant throughout the reporting period. A 50 basis point increase or decrease represents management’s assessment of the possible change in interest rates.
At reporting date, if interest rates had increased/decreased
by 50 basis points from the weighted average effective rate for the year, with other variables constant, the loss for the year would have
been increased by US$
| Consolidated | ||||||||||||||||||||
| Weighted average effective interest rate | Floating interest rate US$ | Fixed interest rate | Non-interest bearing US$ | Total US$ | ||||||||||||||||
| 2023 | ||||||||||||||||||||
| Financial Assets | ||||||||||||||||||||
| Cash and bank balances | % | |||||||||||||||||||
| Trade receivables | - | - | ||||||||||||||||||
| Other receivables | ||||||||||||||||||||
| Other assets | ||||||||||||||||||||
| Due from an associated company | % | |||||||||||||||||||
| Due from the former group companies | % | |||||||||||||||||||
| Total Financial Assets | ||||||||||||||||||||
| Financial Liabilities | ||||||||||||||||||||
| Trade and other liabilities | ||||||||||||||||||||
| Derivative financial instruments | - | - | ||||||||||||||||||
| Warrant liabilities | - | - | ||||||||||||||||||
| Convertible promissory notes | % | |||||||||||||||||||
| Total Financial Liabilities | ||||||||||||||||||||
F-49
NOTE 28. FINANCIAL RISK MANAGEMENT (Continued)
(b) Interest rate risk management (continued)
| Consolidated | ||||||||||||||||||||
| Weighted average effective interest rate | Floating interest rate US$ | Fixed interest rate | Non- interest bearing US$ | Total US$ | ||||||||||||||||
| 2022 | ||||||||||||||||||||
| Financial Assets | ||||||||||||||||||||
| Cash and bank balances | % | |||||||||||||||||||
| Trade receivables | ||||||||||||||||||||
| Other receivables | ||||||||||||||||||||
| Loan receivables | % | |||||||||||||||||||
| Other assets | ||||||||||||||||||||
| Due from an associated company | % | |||||||||||||||||||
| Due from the former group companies | % | |||||||||||||||||||
| Total Financial Assets | ||||||||||||||||||||
| Financial Liabilities | ||||||||||||||||||||
| Trade and other liabilities | % | |||||||||||||||||||
| Convertible promissory notes | ||||||||||||||||||||
| Total Financial Liabilities | ||||||||||||||||||||
(c) Foreign currency risk
| Consolidated | ||||||||||||||||||||||||||||||||
| Short term exposure | Long term exposure | |||||||||||||||||||||||||||||||
| MYR | AUD | KRW | SGD | MYR | AUD | KRW | SGD | |||||||||||||||||||||||||
| 31 December 2023 | ||||||||||||||||||||||||||||||||
| Financial assets | ||||||||||||||||||||||||||||||||
| - Cash and cash equivalents | ||||||||||||||||||||||||||||||||
| - Trade and other receivables | - | |||||||||||||||||||||||||||||||
| - Loan receivable | ||||||||||||||||||||||||||||||||
| - Other assets | ||||||||||||||||||||||||||||||||
| - Due from an associate company | ||||||||||||||||||||||||||||||||
| - Due from the former companies | ||||||||||||||||||||||||||||||||
| Financial liabilities | ||||||||||||||||||||||||||||||||
| - Trade and other liabilities | ( | ) | ( | ) | ( | ) | ||||||||||||||||||||||||||
| - Convertible promissory notes | ||||||||||||||||||||||||||||||||
| Total exposure | ( | ) | ( | ) | ||||||||||||||||||||||||||||
F-50
NOTE 28. FINANCIAL RISK MANAGEMENT (Continued)
(c) Foreign currency risk (continued)
| Consolidated | ||||||||||||||||||||||||||||||||||||||||||||||||
| Short term exposure | Long term exposure | |||||||||||||||||||||||||||||||||||||||||||||||
| HKD | GBP | EUR | MYR | AUD | KRW | HKD | GBP | EUR | MYR | AUD | KRW | |||||||||||||||||||||||||||||||||||||
| 31 December 2022 | ||||||||||||||||||||||||||||||||||||||||||||||||
| Financial assets | ||||||||||||||||||||||||||||||||||||||||||||||||
| - Cash and cash equivalents | ||||||||||||||||||||||||||||||||||||||||||||||||
| - Trade and other receivables | ||||||||||||||||||||||||||||||||||||||||||||||||
| - Loan receivable | ||||||||||||||||||||||||||||||||||||||||||||||||
| - Other assets | ||||||||||||||||||||||||||||||||||||||||||||||||
| Financial liabilities | ||||||||||||||||||||||||||||||||||||||||||||||||
| - Trade and other liabilities | ( | ) | ( | ) | ( | ) | ( | ) | ||||||||||||||||||||||||||||||||||||||||
| - Convertible promissory notes | ||||||||||||||||||||||||||||||||||||||||||||||||
| Total exposure | ( | ) | ) | |||||||||||||||||||||||||||||||||||||||||||||
F-51
NOTE 28. FINANCIAL RISK MANAGEMENT (Continued)
(c) Foreign currency risk (continued)
The following table illustrates the sensitivity
of loss and equity in regard to the Group’s financial assets and financial liabilities and the HKD/USD exchange rate, AUD/USD exchange
rate, GBP/USD exchange rate, EUR/USD exchange rate, MYR/USD exchange rate, KRW/USD exchange rate and SGD/USD exchange rate and assure
“all other things being equal’.
| Consolidated | ||||||||||||||||||||||||||||||||
| Loss for the year | ||||||||||||||||||||||||||||||||
| HKD | AUD | GBP | EUR | MYR | KRW | SGD | Total | |||||||||||||||||||||||||
| 31 December 2023 | ( | ) | ( | ) | ( | ) | ( | ) | ( | ) | ( | ) | ||||||||||||||||||||
| 31 December 2022 | ( | ) | ( | ) | ( | ) | ( | ) | ( | ) | ) | ( | ) | |||||||||||||||||||
| Consolidated | ||||||||||||||||||||||||||||||||
| Equity | ||||||||||||||||||||||||||||||||
| HKD | AUD | GBP | EUR | MYR | KRW | SGD | Total | |||||||||||||||||||||||||
| 31 December 2023 | ( | ) | ( | ) | ( | ) | ( | ) | ( | ) | ( | ) | ||||||||||||||||||||
| 31 December 2022 | ( | ) | ( | ) | ( | ) | ( | ) | ( | ) | ( | ) | ( | ) | ||||||||||||||||||
If the USD had weakened against the HKD by
| Consolidated | ||||||||||||||||||||||||||||||||
| Loss for the year | ||||||||||||||||||||||||||||||||
| HKD | AUD | GBP | EUR | MYR | KRW | SGD | Total | |||||||||||||||||||||||||
| 31 December 2023 | ||||||||||||||||||||||||||||||||
| 31 December 2022 | ||||||||||||||||||||||||||||||||
| Consolidated | ||||||||||||||||||||||||||||||||
| Equity | ||||||||||||||||||||||||||||||||
| HKD | AUD | GBP | EUR | MYR | KRW | SGD | Total | |||||||||||||||||||||||||
| 31 December 2023 | ||||||||||||||||||||||||||||||||
| 31 December 2022 | ||||||||||||||||||||||||||||||||
Exposures to foreign exchange rates vary during the year depending on the volume of overseas transactions. Nonetheless, the analysis above is considered to be representative of the Group’s exposure to currency risk.
F-52
NOTE 28. FINANCIAL RISK MANAGEMENT (Continued)
(d) Liquidity risk management
Prudent liquidity risk management implies maintaining sufficient cash and term deposits, the availability of funding through an adequate amount of committed credit facilities and the ability to close out market positions. The Group manages liquidity risk by continuously monitoring forecast and actual cash flows and matching the maturity profiles of financial assets and liabilities.
| Consolidated | ||||||||||||||||||||||||
| 2023 | Total | |||||||||||||||||||||||
| contractual | 0 - 30 days | |||||||||||||||||||||||
| Carrying | undiscounted | or on | 31 - 90 | 91 - 365 | Over | |||||||||||||||||||
| amount | cash flow | demand | days | Days | 1 year | |||||||||||||||||||
| US$ | US$ | US$ | US$ | US$ | US$ | |||||||||||||||||||
| Trade and other liabilities | ||||||||||||||||||||||||
| Convertible promissory note | ||||||||||||||||||||||||
| Consolidated | ||||||||||||||||||||||||
| 2022 | Total | |||||||||||||||||||||||
| contractual | 0 - 30 days | |||||||||||||||||||||||
| Carrying | undiscounted | or on | 31 - 90 | 91 -365 | Over | |||||||||||||||||||
| amount | cash flow | demand | days | Days | 1 year | |||||||||||||||||||
| US$ | US$ | US$ | US$ | US$ | US$ | |||||||||||||||||||
| Trade and other liabilities | ||||||||||||||||||||||||
| Derivative financial instruments | ||||||||||||||||||||||||
| Convertible promissory notes | ||||||||||||||||||||||||
(e) Credit risk
Credit risk refers to the risk that a counter-party will default on its contractual obligations resulting in a financial loss to the Group. The Group’s potential concentration of credit risk consists mainly of cash deposits with banks, other receivables, loan receivable and trade receivables with its customers. The Group’s short term cash surpluses are placed with banks that have investment grade ratings. The Group considers the credit standing of counterparties and customers when making deposits and sales, respectively, to manage the credit risk. The Group does not have any material credit risk exposure to any single debtor or group of debtors under financial instruments entered into by the Group other than to debtors from purchase of products and loan receivable from Capital Stone Holdings Limited. Considering the nature of the business at current, the Group uses a range of approaches to mitigate credit risk.
The maximum exposure to credit risk, excluding the value of any collateral or other security, at the end of the reporting period, to financial assets, is represented by the carrying amount of cash and bank balances, trade and other receivables, and loan receivables net of any provisions for doubtful debts, as disclosed in the consolidated statement of financial positions and notes to the consolidated financial statements.
F-53
NOTE 28. FINANCIAL RISK MANAGEMENT (Continued)
(f) Fair value of financial instruments
The following liability is recognized and measured at fair value on a recurring basis:
- Derivative financial instruments
Fair value hierarchy
All assets and liabilities for which fair value is measured or disclosed are categorized according to the fair value hierarchy as follows:
Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities.
Level 2: Inputs other than quoted prices included in level 1 that are observable for the asset or liability, either directly or indirectly.
Level 3: Inputs for the asset or liability that are not based on observable market data (unobservable inputs).
Recognized fair value measurements
| Level 2 | ||||
| US$ | ||||
| Derivative financial instruments | ||||
| December 31, 2023 | ||||
| December 31, 2022 | ||||
The Group does not have any assets and liabilities that qualify for the level 1 category. There were no transfers between level 1, 2 and 3 during the year.
An instrument is included in level 2 if the financial instrument is not traded in an active market and if the fair value is determined by using valuation techniques based on the maximum use of observable market data for all significant inputs. For the derivatives, the Group uses the estimated fair value of financial instruments determined by using available market information and appropriate valuation methods, including relevant credit risks. The estimated fair value approximates to the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. Specific valuation techniques used to value financial instruments include:
| ● | quoted market prices or dealer quotes for similar instruments; and | |
| ● | binomial options pricing models. |
F-54
NOTE 28. FINANCIAL RISK MANAGEMENT (Continued)
(f) Fair value of financial instruments (continued)
| Consolidated | ||||
| Put Option US$ | ||||
| At January 1, 2023 | ||||
| Issuance of put option at fair value | ||||
| Gain included in profit or loss on change in fair value | ( | ) | ||
| At December 31, 2023 | ||||
Disclosed fair values
The Group also has assets and liabilities which are not measured at fair values, but for which fair values are disclosed in the notes to the consolidated financial statements.
Due to their short term nature, the carrying amounts of trade receivables (refer to Note 11) and payables (refer to Note 19) are assumed to approximate their fair values because the impact of discounting is not significant.
(g) Capital management risk
The Group’s objective when managing capital is to safeguard the Group’s ability to continue as a going concern and to maintain a strong capital base sufficient to maintain future development of its business. In order to maintain or adjust the capital structure, the Group may return capital to shareholders, issue new shares or sell assets to reduce debts. The Group’s focus has been to raise sufficient funds through equity to fund its business activities.
There were no changes to the Group’s approach to capital management during the year. Risk management policies and procedures are established with regular monitoring and reporting.
Neither the Company nor any of its subsidiaries are subject to externally imposed capital requirements.
The capital structure of the Group consists of equity attributable to equity holders of the parent, comprising issued capital, paid-in capital, reserves and accumulated loss or retained earnings as disclosed in Notes 25 and 26 respectively.
F-55
NOTE 29. RELATED PARTIES
(a) Transactions with directors
| Consolidated | ||||||||||||
| December 31, 2023 US$ | December 31, 2022 US$ | December 31, 2021 US$ | ||||||||||
| Short term benefits (1) | ||||||||||||
| (1) |
(b) Other related party transactions
| Consolidated | ||||||||||||
| December 31, 2023 US$ | December 31, 2022 US$ | December 31, US$ | ||||||||||
| Interest charged to an associate company | ||||||||||||
| Company secretarial, taxation service and CFO fee paid to a related company (1) | ||||||||||||
| Consultancy fee paid to a related party (2) | ||||||||||||
| (1) |
| (2) |
F-56
NOTE 30. CASH FLOW INFORMATION
(a)
| Consolidated | ||||||||||||||||||||
| Convertible promissory notes | Derivative embedded in convertible bonds issued | Issue of shares | Other reserves | Total | ||||||||||||||||
| US$ | US$ | US$ | US$ | US$ | ||||||||||||||||
| Beginning balance as of January 1, 2023 | ( | ) | ||||||||||||||||||
| Cash flows from financing activities | ||||||||||||||||||||
| Issue of shares on conversion of debt | ( | ) | ||||||||||||||||||
| Issue of shares on acquisition of subsidiaries | ||||||||||||||||||||
| Change in working capital | ( | ) | ( | ) | ||||||||||||||||
| Acquisition of subsidiaries | ( | ) | ( | ) | ||||||||||||||||
| Fair value change in derivative financial instruments | ( | ) | ( | ) | ( | ) | ||||||||||||||
| Debt discount | ( | ) | ||||||||||||||||||
| Ending balance as of December 31, 2023 | ||||||||||||||||||||
| Consolidated | ||||||||||||||||||||||||||||
| Amounts due to related companies | Convertible promissory notes | Lease liabilities | Derivative embedded in convertible bonds issued | Issue of shares | Other reserves | Total | ||||||||||||||||||||||
| US$ | US$ | US$ | US$ | US$ | US$ | US$ | ||||||||||||||||||||||
| Beginning balance as of January 1, 2022 | ||||||||||||||||||||||||||||
| Cash flows from financing activities | ||||||||||||||||||||||||||||
| Change in working capital | ( | ) | ( | ) | ( | ) | ||||||||||||||||||||||
| Issue of shares on conversion of debt | ( | ) | ||||||||||||||||||||||||||
| Debt discount | ( | ) | ||||||||||||||||||||||||||
| Fair value change in derivative financial instruments | ||||||||||||||||||||||||||||
| Release of other reserve upon sale of financial assets | ( | ) | ( | ) | ||||||||||||||||||||||||
| Redemption of convertible promissory note | ( | ) | ( | ) | ||||||||||||||||||||||||
| Acquisition of subsidiary | ( | ) | ( | ) | ||||||||||||||||||||||||
| Disposal of subsidiaries | ||||||||||||||||||||||||||||
| Deemed disposal of subsidiaries | ( | ) | ( | ) | ||||||||||||||||||||||||
| Ending balance as of December 31, 2022 | ( | ) | ||||||||||||||||||||||||||
F-57
NOTE 30. CASH FLOW INFORMATION (continued)
(a) Reconciliation of liabilities arising from financing activities (continued)
| Consolidated | ||||||||||||||||||||||||||||||||
| Amounts due to related companies | Amount due to holding company | Convertible promissory notes | Lease liabilities | Derivative embedded in convertible bonds issued | Issue of shares | Other reserves | Total | |||||||||||||||||||||||||
| US$ | US$ | US$ | US$ | US$ | US$ | US$ | US$ | |||||||||||||||||||||||||
| Beginning balance as of January 1, 2021 | ||||||||||||||||||||||||||||||||
| Cash flows from financing activities | ||||||||||||||||||||||||||||||||
| Change in working capital | ( | ) | ( | ) | ( | ) | ||||||||||||||||||||||||||
| Transfer other reserve to accumulated losses | ( | ) | ( | ) | ||||||||||||||||||||||||||||
| Acquisition of subsidiary | ||||||||||||||||||||||||||||||||
| Fair value change | ||||||||||||||||||||||||||||||||
| Disposal of plant and equipment | ( | ) | ( | ) | ||||||||||||||||||||||||||||
| Ending balance as of December 31, 2021 | ||||||||||||||||||||||||||||||||
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NOTE 30. CASH FLOW INFORMATION (Continued)
(b)
| Consolidated | ||||||||||||
| December 31, 2023 US$ | December 31, 2022 US$ | December 31, 2021 US$ | ||||||||||
| Cash flows from changes in working capital | ||||||||||||
| (Increase)/decrease in assets: | ||||||||||||
| Trade receivables | ( | ) | ( | ) | ||||||||
| Other receivables | ( | ) | ( | ) | ( | ) | ||||||
| Inventories | ( | ) | ( | ) | ||||||||
| Loan receivables | ( | ) | ||||||||||
| Other current assets | ( | ) | ( | ) | ||||||||
| Amount due from associate company | - | ( | ) | |||||||||
| Amount due from former group companies | ( | ) | ||||||||||
| Increase/(decrease) in liabilities: | ||||||||||||
| Amount due to related companies | ( | ) | ||||||||||
| Deferred tax | ||||||||||||
| Trade and other payables | ( | ) | ||||||||||
| Amount due to holding company | ( | ) | ||||||||||
| Lease liabilities | ( | ) | ( | ) | ||||||||
| Net cash inflows/(outflows) from changes in working capital | ( | ) | ( | ) | ||||||||
NOTE 31. KEY MANAGEMENT PERSONNEL DISCLOSURES
(a) Remuneration
| Consolidated | ||||||||||||
| December 31, 2023 US$ | December 31, 2022 US$ | December 31, 2021 US$ | ||||||||||
| Short-term employee benefits | ||||||||||||
| Post-employment benefits | ||||||||||||
| Total | ||||||||||||
During the year 2021, included in short term benefits
for directors and officers included payments of US$
(b) Loans to Key Management Personnel and their related parties
There were
Other transactions with Key Management Personnel
Several key management persons, or their related parties, held positions in other entities that resulted in them having control or significant influences over the financials or operating policies of these entities. Transactions between related parties are in normal commercial terms and conditions unless otherwise stated in Notes 29.
(c) Share Options - number of share options held by management
There were no share options held outstanding held by the management.
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NOTE 32. CONTROLLED ENTITIES
| Name of Subsidiary | Country of Incorporation | Principal Activities | Paid Up Capital | Percentage Owned | ||||||||||
| 2023 | 2022 | |||||||||||||
| CIMC Marketing Pty Limited | A$ | |||||||||||||
| IMTE Asia Limited | HK$ | |||||||||||||
| IMTE Malaysia Sdn. Bhd. | MYR | |||||||||||||
| Itana Holdings Limited | US$ | |||||||||||||
| Merit Stone Limited | US$ | |||||||||||||
| Ohho International Limited | US$ | |||||||||||||
| Ouction Digital Limited | US$ | |||||||||||||
| World Integrated Supply Ecosystem Sdn. Bhd. | MYR | |||||||||||||
| Itana Energy Pty Ltd* | A$ | |||||||||||||
| Admiral Energy (Australia) Pty Ltd* | A$ | |||||||||||||
| * |
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NOTE 33. PARENT ENTITY INFORMATION (UNAUDITED)
Set out below is the supplementary information about the parent entity.
| Company | ||||||||||||
| December 31, 2023 US$ | December 31, 2022 US$ | December 31, 2021 US$ | ||||||||||
Loss after income tax | ( | ) | ( | ) | ( | ) | ||||||
| Other comprehensive income | ||||||||||||
| Total comprehensive loss | ( | ) | ( | ) | ( | ) | ||||||
| Company | ||||||||
| December 31, 2023 | December 31, 2022 | |||||||
| US$ | US$ | |||||||
| Total non-current assets | ||||||||
| Total current assets | ||||||||
| Total assets | ||||||||
| Total current liabilities | ( | ) | ( | ) | ||||
| Total non-current liabilities | ( | ) | ( | ) | ||||
| Total liabilities | ( | ) | ( | ) | ||||
| Total assets less liabilities | ||||||||
| Equity | ||||||||
| Issued capital | ||||||||
| Other reserves | ||||||||
| Accumulated losses | ( | ) | ( | ) | ||||
| Total equity | ||||||||
Guarantees entered into by the parent entity in relation to the debts of its subsidiary
Other than as disclosed in this Annual Report, the parent entity had not guarantee debts of its subsidiary companies.
Contingent liabilities
Other than as disclosed in this Annual Report, the parent entity had no contingent liabilities as at December 31, 2023 and December 31, 2022.
Capital commitments – plant and equipment
The parent entity has no capital commitments for plant and equipment as at December 31, 2023 and December 31, 2022.
F-61
NOTE 33. PARENT ENTITY INFORMATION (UNAUDITED) (Continued)
Significant accounting policies
The accounting policies of the parent entity are consistent with those of the Group, as disclosed in Note 3, except for:
| - | Investments in subsidiaries are accounted for at cost, less any impairment, in the parent entity, |
| - | Dividends received from subsidiaries are recognized as other income by the parent entity and its receipt may be an indicator of impairment. |
NOTE 34. EVENTS OCCURRING AFTER THE REPORTING DATE
Subject to the subsequent events below, there is no other matter or circumstance arisen since December 31, 2023, which has significantly affected, or may significantly affect the operations of the Group, the result of those operations, or the state of affairs of the Group in subsequent financial years.
In January 2024, the Company issued
On July 22, 2024, the Company issued a $
On July 26, 2024, the Group entered into an Exclusive
Distribution Agreement for the distributing and sale of the smartglass products used in or installed in the Prefabrication Home Market.
The distributor would maintain the exclusive distribution by achieving certain annual sales. The agreement if for
NOTE 35. GROUP DETAILS
The registered office and principal place of business is:
Suite 1401 Level 14, 219-227 Elizabeth Street
Sydney NSW 2000
F-62
ITEM 19. EXHIBITS
The following exhibits are filed as part of this registration statement:
| (1) | Incorporated by reference on Form 20-F/A3 submitted on May 8, 2017. |
| (2) | Incorporated by reference on Form 6-K filed on January 20, 2020 and Form 6-K/A filed on February 12, 2020. |
| (3) | Incorporated by reference on Form 6-K filed on August 12, 2020. |
| (4) | Incorporated by reference on Form F-1 filed on December 23, 2020. |
| (5) | Incorporated by reference on Form F-1 filed on October 14, 2021. |
| (6) | Incorporated by reference on Form 6-K filed on December 30, 2021. |
| (7) | Incorporated by reference on Form 6-K filed on January 3, 2022. |
| (8) | Incorporated by reference on Form 6-K filed on January 20, 2022. |
| (9) | Incorporated by reference on Form 20-F filed on April 28, 2022. |
| (10) | Incorporated by reference on Form 6-K filed on July 12, 2022. |
| (11) | Incorporated by reference on Form 6-K filed on August 2, 2022. |
| (12) | Incorporated by reference on Form S-8 filed on August 17, 2022. |
| (13) | Incorporated by reference on Form 6-K filed on October 24, 2023. |
| (14) | Incorporated by reference on Form 6-K filed on July 24, 2024. |
| * | Filed with this annual report on Form 20-F. |
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SIGNATURES
The registrant hereby certifies that it meets all of the requirements for filing on Form 20-F and that it has duly caused and authorized the undersigned to sign this Annual Report on its behalf.
| Integrated Media Technology Limited | ||
| /s/ Jannu Binti Babjan | ||
| By: | Jannu Binti Babjan | |
| Title: | Chairman | |
Date: October 22, 2024
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