Company: GVH
Filing Date: 2025-02-12
Form Type: 20-F
Source: 0001493152-25-006117
Chunk: 116

Company: Globavend Holdings Ltd
Filing Date: 2025-02-12
Form: 20-F
Item: Item 3
Chunk 116
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 activities.                                                                                                                 
  (6)      Change in tax payables resulted in a cash inflow of $102,896 for the                                                                     
           year ended September 30, 2023 compared to a cash outflow of $13,975 for the same period of 2022, which led to an approximately $117,000  
           increase in net cash inflow in operating activities.                                                                                     
  (7)      Net income of $1,077,392 in the year ended September 30, 2023 compared                                                                   
           net income of $810,227 to the same period of 2022, which led to an approximately $267,000 increase in net cash inflow in operating       
           activities.                                                                                                                              
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Investing Activities

For the years ended
September 30, 2022, 2023 and 2024, our cash outflow used in investing activities was principally derived from the purchases of fixtures,
furniture and equipment.

Financing Activities

For the year
ended September 30, 2022, our cash used in financing activities was principally for cash payment of dividends. For the year ended
September 30, 2023 our cash used in financing activities was principally for cash payment for the offering expenses and dividend.
For the year ended September 30, 2024, our cash provided by financing activities were principally from the net proceeds from
share issuance after deduction of transaction cost, while partially offset by cash payment for the offering expenses and
financial services and deposit paid to a related party for the operating lease arrangement.

The Company believes
that, taking into consideration the financial resources presently available, including the current levels of cash and cash flows from
operations, our cash and cash equivalent will be sufficient to meet its anticipated cash needs for at least the next twelve months from
the date of this report.

Capital Expenditures

The Company did not
incur any significant capital expenditure for the years ended September 30, 2022 and 2023. For the year ended September 30, 2024,
the Company has paid a deposit of $462,974 for purchase of
property, plant and equipment.

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Off-Balance Sheet Arrangements

For the year ended
September 30, 2022, the Company is required to provide bank guarantee to IATA in favor of its associated