Company: KPEA
Filing Date: 2025-01-14
Form Type: 10-K
Source: 0001493152-25-002124
Chunk: 170

Company: Kun Peng International Ltd.
Filing Date: 2025-01-14
Form: 10-K
Item: Item 6
Chunk 170
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. Such procedures included examining, on a test basis, evidence regarding
the amounts and disclosures in the financial statements. Our audit also included evaluating 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