Company: GVH
Filing Date: 2025-02-12
Form Type: 20-F
Source: 0001493152-25-006117
Chunk: 243

Company: Globavend Holdings Ltd
Filing Date: 2025-02-12
Form: 20-F
Item: Item 19
Chunk 243
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,237                -       
  Total                                                  $                        120,123      $         41,019  

During the years ended September 30,
2022, 2023 and 2024, the Company incurred total operating lease expenses of $62,861, $48,045and $47,297, respectively.

Other lease information is as follows:

SCHEDULE OF OTHER LEASE INFORMATION

                                                                                    2022                                    2023                     2024              
                                                                                    As of September 30,                                                                
                                                                                    2022                                    2023                     2024              
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Cash paid for amounts included in the measurement of lease liabilities:                                                                                              
  Operating cash flows used in operating leases                                     $                           64,359      $            44,872      $         39,231  
  Right-of-use assets obtained in exchange for new operating lease liabilities      $                           56,747      $           123,162      $         40,789  
  Weighted-average remaining lease term - operating leases                                                   1.1 years                2.9 years                1 year  
  Weighted-average discount rate - operating leases                                                              2.875                    3.375                 3.375  

The following is a schedule of future minimum payments under
operating leases as of September 30, 2024:

SCHEDULE
OF FUTURE MINIMUM LEASE PAYMENTS

                                                          2023                                  2024              
                                                          As of September 30,                                     
                                                          2023                                  2024              
  2022                                                    $                              -      $         -       
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  2023                                                                                   -                -       
  2024                                                                              42,821                -       
  2025                                                                              43,076                41,538  
  2026                                                                              39,487                -       
  Total lease payments                                    $                        125,384      $         41,538  
  Less: imputed interest                                                           ( 5,261                ( 519   
  Total operating lease liabilities, net of interest      $                        120,123      $         41,019  

NOTE
8 - OTHER PAYABLES AND ACCRUED LIABILITIES

Other payables and accrued liabilities are summarized as follow:

SCHEDULE
OF OTHER PAYABLES