Company: KPEA
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002124
Chunk: 346

Company: Kun Peng International Ltd.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 8
Chunk 346
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 the accounting principles used and significant
estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audit provides
a reasonable basis for our opinion.

    /s/
    J&S Associate PLT

    Certified
    Public Accountants

    PCAOB
    Number: 6743

    January
    14, 2025

    Malaysia

We
have served as the Company’s auditor since 2021.

F-2

KUN
PENG INTERNATIONAL LTD.

CONSOLIDATED
BALANCE SHEET

    September 30, 

    Note 
    2024  
    2023 
  
    Assets 

    Current assets 

    Cash and cash equivalents 
      
    $82,184  
    $457,580 
  
    Advance and prepayments 
    4 
     178,954  
     74,044 
  
    Other receivables 
    5 
     251,588  
     23,060 
  
    Inventory 
    6 
     15,700  
     107,263 
  
    Amount due from  related parties 
    10 
     20,092  
     - 
  
    Total current assets 
      
     548,518  
     661,947 

    Noncurrent assets 

    Property, plant and equipment, net 
    7 
     292,198  
     72,552 
  
    Intangible assets, net 
    8 
     2,548  
     2,806 
  
    Security deposits 
      
     16,116  
     41,999 
  
    Operating lease right-of-use assets 
    13 
     284,524  
     479,427 
  
    Finance lease right-of-use assets 
    13 
     309,445  
     - 
  
    Investment in associate held for sale 
      
     15,743  
     - 
  
    Goodwill 
    14 
     -  
     - 
  
    Others 
      
     10,094  
     3,245 
  
    Total noncurrent assets 
      
     930,668  
     600,029 

    Total assets 
      
    $1,479