$NWGL
CL Workshop Group Ltd
CIK:0001948294|SEC Filings
Consolidated Statement of Cash Flows - USD ($) |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| Operating activities | |||
| Loss before income tax | $ (6,364,785) | $ (1,011,327) | $ (753,081) |
| Adjustments for: | |||
| Provision (reversal of) for allowance for expected credit losses on financial assets | 985,619 | (182,659) | 179,849 |
| Impairment on prepayment | 2,017,624 | ||
| Write-down of non-current asset held for sale | 394,785 | ||
| Write-down of inventories | 241,503 | 112,712 | |
| Depreciation of property, plant and equipment | 130,586 | 38,520 | 59,271 |
| Depreciation of right-of-use asset | 41,325 | 39,693 | 67,984 |
| Gain on lease modification | (703) | ||
| (Gain) loss on disposal of property, plant and equipment | (62,693) | (93) | 18,873 |
| Interest expenses | 427,744 | 603,984 | 1,263,110 |
| Interest income | (3,254) | (13,361) | (23,239) |
| Operating cash flows before movements in working capital | (2,191,546) | (412,532) | 812,064 |
| Decrease (increase) in inventories | 638,508 | 1,006,456 | (476,154) |
| (Increase) decrease in prepayments, trade and other receivables | (5,490,387) | 2,291,280 | 512,825 |
| Increase (decrease) in trade and other payables | 2,155,609 | (875,877) | (320,385) |
| Increase (decrease) in contract liabilities | 90,587 | 2,108,527 | (134,269) |
| Cash (used in) generated from operations | (4,797,229) | 4,117,854 | 394,080 |
| Income tax (paid) refunded | (24,705) | 48,621 | (181,123) |
| Net cash (used in) generated from continuing operation | (4,821,934) | 4,166,475 | 212,957 |
| Net cash generated from (used in) discontinued operation | 3,915,067 | (1,847,214) | (452,185) |
| Net cash (used in) generated from operating activities | (906,867) | 2,319,261 | (239,228) |
| Investing activities | |||
| Interest received | 3,254 | 13,361 | 23,239 |
| Purchases of property, plant, and equipment | (52,541) | (1,393) | (1,589) |
| Proceeds from disposal of property, plant and equipment | 8,862 | 93 | |
| Decrease (increase) in restricted bank deposits | 339,464 | 35,504 | (24,815) |
| Net cash generated from (used in) continuing operation | 299,039 | 47,565 | (3,165) |
| Net cash used in discontinued operation | (241,020) | (752,366) | (1,150,104) |
| Net cash generated from (used in) investing activities | 58,019 | (704,801) | (1,153,269) |
| Financing activities | |||
| Advances from an ultimate beneficial shareholder | 845,804 | 1,430,102 | 2,556,416 |
| Repayments to an ultimate beneficial shareholder | (1,058,866) | (942,902) | (6,302,442) |
| Proceeds from bank borrowings | 17,720,505 | 25,974,854 | 19,445,302 |
| Repayments of bank borrowings | (21,399,521) | (27,144,846) | (20,925,687) |
| Proceeds from other borrowings | 3,331,307 | 963,547 | 663,211 |
| Repayments of other borrowings | (287,302) | (498,220) | |
| Repayments of lease liabilities | (42,173) | (38,504) | (74,247) |
| Proceeds from issue of shares, net of expenses | 5,092,321 | ||
| Interest paid | (427,744) | (603,984) | (1,263,110) |
| Net cash used in continuing operation | (1,317,990) | (859,953) | (808,236) |
| Net cash (used in) generated from discontinued operation | (927,075) | (1,185,033) | 521,411 |
| Net cash used in financing activities | (2,245,065) | (2,044,986) | (286,825) |
| Net decrease in cash and cash equivalents | (3,093,913) | (430,526) | (1,679,322) |
| Cash and bank balances at beginning of year | 2,963,301 | 3,979,416 | 5,082,587 |
| Effect of foreign exchange rate changes | 1,097,419 | (585,589) | 576,151 |
| Cash and bank balances at end of year | $ 966,807 | $ 2,963,301 | $ 3,979,416 |
Consolidated Statement of Financial Position - USD ($) |
Dec. 31, 2025 |
Dec. 31, 2024 |
||
|---|---|---|---|---|
| Non-current assets | ||||
| Property, plant and equipment, net | $ 449,589 | $ 3,404,826 | ||
| Right-of-use assets, net | 85,134 | 549,688 | ||
| Intangible assets, net | 15,918,759 | |||
| Total non-current assets | 534,723 | 19,873,273 | ||
| Current assets | ||||
| Inventories | 2,484,290 | 6,427,227 | ||
| Prepayments | 5,168,362 | 6,292,489 | ||
| Trade and other receivables, net | 4,256,030 | 4,166,506 | ||
| Prepaid income tax | 74,972 | 492,623 | ||
| Restricted bank deposits | 253,188 | 592,652 | ||
| Cash and bank balances | 966,807 | 2,963,301 | ||
| Asset classified as held for sale | 640,000 | |||
| Total current assets | 13,843,649 | 20,934,798 | ||
| Total assets | 14,378,372 | 40,808,071 | ||
| Current liabilities | ||||
| Trade and other payables | 3,955,210 | 3,416,269 | ||
| Contract liabilities | 258,096 | 2,774,460 | ||
| Bank borrowings | 5,622,926 | 10,313,887 | ||
| Other borrowings | [1] | 356,431 | 1,130,141 | |
| Amounts due to an ultimate beneficial shareholder | 310,696 | 1,142,024 | ||
| Lease liabilities | 40,057 | 121,335 | ||
| Income tax payable | 10,385 | |||
| Total current liabilities | 10,553,801 | 18,898,116 | ||
| Net current assets | 3,289,848 | 2,036,682 | ||
| Non-current liabilities | ||||
| Bank borrowings | 39,103 | |||
| Amounts due to an ultimate beneficial shareholder | 12,300,650 | |||
| Lease liabilities | 53,720 | 462,110 | ||
| Total non-current liabilities | 53,720 | 12,801,863 | ||
| Total liabilities | 10,607,521 | 31,699,979 | ||
| Capital and reserves | ||||
| Share capital | 132,425 | 132,425 | ||
| Capital reserves | 30,052,790 | 30,052,790 | ||
| Accumulated comprehensive losses | (26,414,364) | (21,077,123) | ||
| Total equity | 3,770,851 | 9,108,092 | ||
| Total liabilities and equity | $ 14,378,372 | $ 40,808,071 | ||
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