Company: NIVFW
Filing Date: 2025-04-22
Form Type: 20-F
Source: 0001213900-25-033966
Chunk: 159

Company: NewGenIvf Group Ltd
Filing Date: 2025-04-22
Form: 20-F
Item: Item 19
Chunk 159
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tai Renhui
Health Technology Co., Ltd. (“ SZ QianHai”) uses Chinese Renminbi (“ CNY”) as its functional currency.

Assets
and liabilities denominated in currencies other than the reporting currency are translated into the reporting currency at the rates of
exchange prevailing at the balance sheet date. Monetary assets and liabilities denominated in currencies other than the functional currency
are translated into the functional currency using the applicable exchange rates at the balance sheet dates. Translation
gains and losses are recognized in the consolidated statements of operations and comprehensive income as other comprehensive income or
loss.

Transactions in currencies
other than the reporting currency are measured and recorded in the reporting currency at the exchange rate prevailing on the transaction
date. The cumulative gain or loss from foreign currency transactions is reflected in the consolidated statements of operations and comprehensive
income as other income (other expenses).

The value of foreign currencies
including, the HK$, THB and RMB, may fluctuate against the United States dollar. Any significant variations of the aforementioned
currencies relative to the United States dollar may materially affect the Company’s financial condition in terms of reporting
in USD. The following table outlines the currency exchange rates that were used in preparing the accompanying consolidated financial
statements:

 ─────────────────────────────────────────────────────────────────────
  Period-end          $: HK$       7.8000       7.8000       7.8000  
  Period average      $: HK$       7.8000       7.8000       7.8000  
  Period-end          $: THB      34.3353      34.2265      34.6153  
  Period average      $: THB      35.2262      34.7867      35.1428  
  Period-end          $: RMB       7.2994       7.0971       6.9091  
  Period average      $: RMB       7.1946       7.0835       6.4569  

Cash and cash equivalents

Cash and cash equivalents
include cash on hand, deposits held at call with financial institutions, other short-term deposits with original maturities of three months
or less that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.

Deposits, other receivables and deferred legal
& IPO cost, net

Deposits, other rece