Company: JOCM
Filing Date: 2025-05-05
Form Type: 10-K
Source: 0001641172-25-008460
Chunk: 678

Company: JOCOM HOLDINGS CORP.
Filing Date: 2025-05-05
Form: 10-K
Item: Item 12
Chunk 678
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     68,519  
        
     68,519 

    Balance as of December 31, 2024 (Audited) 
     57,680,500  
     5,768  
     570,132  
     (644,528) 
     67  
     (68,561)
  
    Balance 
     57,680,500  
     5,768  
     570,132  
     (644,528) 
     67  
     (68,561)

See accompanying notes to consolidated financial statements

F-5

JOCOM HOLDINGS CORP.

CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR YEAR ENDED DECEMBER 31, 2024 AND 2023

(Currency expressed in United States Dollars (“US$”))

(Audited)

    For the year ended December 31, 2024  
    For the year ended December 31, 2023 

    CASH FLOWS FROM OPERATING ACTIVITIES: 

    Net profit/(loss) 
    $68,519  
    $(156,891)

    Adjustments to reconcile net profit/(loss) to net cash used in operating activities: 

    Allowance for doubtful debt 
    $-  
    $48,373 
  
    Reversal of allowance for doubtful debt 
    $(80,373) 
    $- 
  
    Depreciation and amortisation 
    $-  
    $19,709 
  
    Interest expense 
    $-  
    $314 

    Changes in operating assets and liabilities: 

    Trade receivable 
    $80,373  
    $(373)
  
    Deposits and prepayment 
    $(5,429) 
    $17 
  
    Other payables and accruals 
    $(63,372) 
    $(20,654)
  
    Amount due to directors 
    $2,562  
    $(5,813 
  
    Net cash provided by/(used in) operating activities 
    $2,280  
    $(115,318)

    CASH FLOWS FROM FINANCING ACTIVITIES: 

    Payment of lease liabilities 
    $-  
    $(21,091)
  
    Proceeds from issuance of common stocks 
    $-  
    $