Company: NIVFW
Filing Date: 2025-05-29
Form Type: F-1/A
Source: 0001213900-25-048554
Chunk: 214

Company: NewGenIvf Group Ltd
Filing Date: 2025-05-29
Form: F-1/A
Chunk 214
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,085 |
| Thailand   |                              |              | 312,313 |     |   | 307,948 |     |     | 254,745 |
|            |                              | $            | 371,666 |     | $ | 446,004 |     |     | 506,343 |

The Company’s long-lived assets consist
of plant and equipment, net and operating leases right-of-use assets, net.

NOTE 16 — RISKS A. Credit risk Accounts receivable In order to minimize the credit risk, the management of the Company monitors and ensures that follow-up action is taken to recover overdue debts. The Company considers the probability of default upon initial recognition of asset and whether there has been a significant increase in credit risk on an ongoing basis throughout each reporting period. To assess whether there is a significant increase in credit risk, the Company compares the risk of a default occurring on the asset as at the reporting date with the risk of default as at the date of initial recognition. It considers available reasonable and supportive forward-looking information, such as GDP growth rate and nominal GDP per capita. Based on the impairment assessment performed by the Company, the directors consider the loss allowance for account receivables as of December 31, 2024 and 2023 to be $ 19. Cash and cash equivalents The credit risk on liquid funds is limited because the counterparties are banks with high credit ratings assigned by international credit-rating agencies. The Company is exposed to concentration of credit risk on liquid funds which are deposited with several banks with high credit ratings. Deposits and other receivables, amount due from shareholders and loan to A SPAC I The Company assessed the impairment for deposits and other receivables, due from shareholders individually based on internal credit rating and ageing of these debtors which, in the opinion of the directors, have no significant increase in credit risk since initial recognition. Based on the impairment assessment performed by the Company, the directors consider the loss allowance for deposits and other receivables, due from shareholders as of December 31, 2024 is $ 4, and $ 17,818, respectively. The loss allowance for deposits and other receivables, due from shareholders as of December 31, 2023 is $ 14, and $ 17,818, respectively. B. Interest risk Cash flow interest rate risk The Company is exposed to cash flow interest rate risk through the changes in interest rates related mainly to the Company’s variable-rates bank balances. The Company currently does