BUSINESS COMBINATIONS (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| IfrsStatementLineItems [Line Items] |
|
| SCHEDULE OF NON CONTROLLING INTERESTS |
The
subsidiary that has non-controlling interests (NCI) that are considered material to the Group and additional disclosures on them are
presented below.
SCHEDULE
OF NON CONTROLLING INTERESTS
| |
|
2025 |
|
| Name of the subsidiary: |
|
|
|
|
| ProEd Global School |
|
$ |
1,921,569 |
|
| |
|
|
|
|
| Profit for the year allocated to NCI of the subsidiary |
|
|
(670,895 |
) |
| Accumulated NCI of the subsidiary at the financial year end |
|
$ |
1,250,674 |
|
|
| SCHEDULE OF FINANCIAL INFORMATION |
The
summarised financial information of the subsidiary (not adjusted for the percentage ownership held by the group and amounts before inter-company
eliminations) is as follows:
SCHEDULE
OF FINANCIAL INFORMATION
| |
|
|
|
|
| Current assets |
|
$ |
2,310,273 |
|
| Non-current assets |
|
|
5,578,600 |
|
| Current liabilities |
|
|
(4,230,378 |
) |
| Loss for the financial year |
|
|
(229,039 |
) |
| Operating cash flows, increase |
|
|
225,891 |
|
| Investing cash flows, increase |
|
|
- |
|
| Financing cash flows, decrease |
|
|
- |
|
| Net increase in cash |
|
$ |
(3,148 |
) |
|
| Entrepreneurs resorts limited [member] |
|
| IfrsStatementLineItems [Line Items] |
|
| SCHEDULE OF THE ALLOCATION OF PURCHASE CONSIDERATION TO THE FAIR VALUE OF IDENTIFIABLE ASSETS ACQUIRED AND LIABILITIES |
SCHEDULE
OF THE ALLOCATION OF PURCHASE CONSIDERATION TO THE FAIR VALUE OF IDENTIFIABLE ASSETS ACQUIRED AND LIABILITIES
| |
|
Fair
value on acquisition |
|
| Purchase price |
|
|
|
|
| Fair value of share considerations |
|
$ |
44,250,000
|
|
| Total purchase price |
|
|
44,250,000 |
|
| |
|
|
|
|
| Acquired cash |
|
|
961,424 |
|
| Trade and other receivable |
|
|
252,706 |
|
| Inventory |
|
|
156,328 |
|
| Prepaid expenses and other current assets |
|
|
945,476 |
|
| Property, plant and equipment, net |
|
|
6,753,000 |
|
| Intangible assets |
|
|
2,300,000 |
|
| Trade payable, accrued expenses and other liabilities |
|
|
(670,670 |
) |
| Other non-current liabilities |
|
|
(104,806 |
) |
| Long term borrowings and lease liabilities |
|
|
(2,876,966 |
) |
| Deferred tax liability |
|
|
(1,020,211 |
) |
| Net Identifiable Assets |
|
|
6,696,281 |
|
| |
|
|
|
|
| Goodwill |
|
$ |
37,553,719 |
|
|
| SCHEDULE OF ACQUISITION METHOD OF ACCOUNTING |
The
Acquisition was accounted for using by the acquisition method of accounting.
SCHEDULE
OF ACQUISITION METHOD OF ACCOUNTING
| |
|
USD |
|
| Consideration transferred |
|
|
|
|
| Cash paid |
|
$ |
- |
|
| |
|
|
|
|
| Effect on cash flows on the Group |
|
|
|
|
| |
|
|
|
|
| Cash paid |
|
|
- |
|
| Less: Cash and cash equivalents in subsidiary acquired |
|
|
(961,424 |
) |
| Cash inflow on acquisition |
|
$ |
961,424 |
|
|
| Pro education [member] |
|
| IfrsStatementLineItems [Line Items] |
|
| SCHEDULE OF THE ALLOCATION OF PURCHASE CONSIDERATION TO THE FAIR VALUE OF IDENTIFIABLE ASSETS ACQUIRED AND LIABILITIES |
SCHEDULE
OF THE ALLOCATION OF PURCHASE CONSIDERATION TO THE FAIR VALUE OF IDENTIFIABLE ASSETS ACQUIRED AND LIABILITIES
| |
|
Fair
value on acquisition |
|
| Purchase price |
|
|
|
|
| Cash paid |
|
$ |
1,000,000 |
|
| Cash to be paid by first quarter of 2026 |
|
|
1,000,000 |
|
| Total purchase price |
|
|
2,000,000 |
|
| |
|
|
|
|
| Acquired cash |
|
|
96,661 |
|
| Trade and other receivable |
|
|
2,069,362 |
|
| Prepaid expenses and other current assets |
|
|
382,235 |
|
| Property, plant and equipment, net |
|
|
3,922,908 |
|
| Construction in progress |
|
|
186,017 |
|
| Operating right of use asset |
|
|
1,551,151 |
|
| Intangible assets |
|
|
1,400,000 |
|
| Trade payable, accrued expenses and other liabilities |
|
|
(3,836,882 |
) |
| Long term borrowings and lease liabilities |
|
|
(6,279,361 |
) |
| Deferred tax liability |
|
|
(308,000 |
) |
| Net Identifiable Assets |
|
|
(815,909 |
) |
| |
|
|
|
|
| Add: Non-Controlling interest |
|
|
1,921,569 |
|
| |
|
|
|
|
| Goodwill |
|
$ |
4,737,478 |
|
|
| SCHEDULE OF ACQUISITION METHOD OF ACCOUNTING |
The
Acquisition was accounted for using by the acquisition method of accounting.
SCHEDULE
OF ACQUISITION METHOD OF ACCOUNTING
| |
|
USD |
|
| Consideration transferred |
|
|
|
|
| Cash paid |
|
$ |
1,000,000 |
|
| |
|
|
|
|
| Effect on cash flows on the Group |
|
|
|
|
| |
|
|
|
|
| Cash paid |
|
|
(1,000,000 |
) |
| Less: Cash and cash equivalents in subsidiary acquired |
|
|
96,661 |
|
| Cash outflow on acquisition |
|
$ |
903,339 |
|
|