Annual and transition report of foreign private issuers [Sections 13 or 15(d)]

PROPERTY, PLANT AND EQUIPMENT

v3.25.4
PROPERTY, PLANT AND EQUIPMENT
 12 Months Ended
Dec. 31, 2025
Notes and other explanatory information [abstract]  
PROPERTY, PLANT AND EQUIPMENT

NOTE 12 — PROPERTY, PLANT AND EQUIPMENT

 

Property and equipment consist of the following as of December 31, 2025, and 2024:

 

    Cost     Accumulated depreciation     Value
as of
December 31
2025		     Cost     Accumulated Depreciation     Value
as of
December 31
2024		  
Land and Buildings     11,885,258       (76,427 )     11,808,831       71,034       —       71,034  
Leasehold property     122,186       (627 )     121,559       —       —       —  
Plant and machinery     28,662       (2,319 )     26,343       —       —       —  
Furniture and fixtures     542,523       (136,942 )     405,581       112,467       (103,146 )     9,321  
Motor vehicles     193,056       (127,768 )     65,288       134,180       (113,614 )     20,566  
Office equipment     95,247       (33,473 )     61,774       41,809       (23,828 )     17,981  
IT equipment     93,608       (34,594 )     59,014       228,362       (207,417 )     20,945  
Computer equipment     237,017       (142,007 )     95,010       216,350       (211,981 )     4,369  
Programs and textbooks     62,132       (3,148 )     58,984       232,510       (222,331 )     10,179  
Spa equipment, curtains, crockery, glassware, and linen     37,988       18,679     56,667       317,438       (170,302 )     147,136  
CIP-Senior Secondary School (College)     187,657       -       187,657      

-

       -      

-

  
    $ 13,485,334     $ (538,626 )   $ 12,946,708     $ 1,354,150     $ (1,052,619 )   $ 301,531  

 

 

Reconciliation of property, plant and equipment — 2025

 

Opening
Balance
as of
January 1,
2025
Acquisition		    
Additions		    
Disposals		    
Translation		    
Depreciation		     Closing
Balance
as of
December 31,
2025		  
Land and Buildings     71,034       9,155,872       1,839,050       (78,732 )     898,034     (76,427 )     11,808,831  
Leasehold property     —       112,168       —       —       10,018       (627 )     121,559  
Plant and machinery     —       18,713       10,046       —       190       (2,606 )     26,343  
Furniture and fixtures     9,321       415,256       21,438       (1,540 )     2,777       (41,671 )     405,581  
Motor vehicles     20,566       49,587       5,611       (442 )     4,120       (14,154 )     65,288  
Office equipment     17,981       44,891       4,625       (2,612 )     9,561       (12,672 )     61,774  
IT equipment     20,945       41,941       4,196       —       8,427       (16,495 )     59,014  
Computer equipment     4,369       93,351       15,871       (576 )     (3,999 )     (14,006 )     95,010  
Programs and textbooks     10,179       58,525       3,607       (11,833 )     1,654       (3,148 )     58,984  
Spa equipment, curtains, crockery, Glassware and linen     147,136       54,286       15,336       (150,329 )     (4,818  )     (14,580 )     56,667  
CIP-Senior Secondary School (College)     —       186,010       2,104       —       (457 )     —       187,657  
    $ 301,531     $ 10,230,600    - $ 1,921,884     $ (246,064 )   $ 935,143   $ (196,386 )   $ 12,946,708  

 

Reconciliation of property, plant and equipment — 2024

 

    Opening
Balance
as of
January 1,
2024		     Adjustment     Additions     Disposals     Translation     Depreciation     Closing
Balance
as of
December 31,
2024		  
Land   $ —     $ —     $ —     $ —     $ —     $ —     $ —  
Buildings     —       140,132       —       (61,400 )     (7,698 )     —       71,034  
Leasehold property     2,153       —       —       (2,153 )     —       —       —  
Plant and machinery     —       —       —       —       —       —       —  
Furniture and fixtures     147,324       (140,132 )     —       (5,015 )     7,380       (236 )     9,321  
Motor vehicles     33,261       —       —       —       (3,128 )     (9,567 )     20,566  
Office equipment     47,414       —       —       (27,340 )     (2,093 )     —       17,981  
IT equipment     7,718       16,999       —       (5,727 )     11,454       (9,499 )     20,945  
Computer equipment     26,156       (16,999 )     7,003       (1,725 )     (6,205 )     (3,861 )     4,369  
Programs and textbooks     11,833       —       —       —       (1,654 )     —       10,179  
Spa equipment, curtains, crockery, Glassware and linen     180,892       —       —       (6,913 )     (26,843 )     —       147,136  
    $ 456,751     $ —     $ 7,003     $ (110,271 )   $ 28,787     $ (23,163 )   $ 301,531