Company: ARBB
Filing Date: 2025-10-31
Form Type: 20-F
Source: 0001213900-25-104705
Chunk: 128

Company: ARB IOT Group Ltd
Filing Date: 2025-10-31
Form: 20-F
Item: Item 19
Chunk 128
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, and, if applicable,
other short-term highly liquid investments with original maturities of three months or less.

Trade receivables

Trade receivables are amounts due from customers
for goods sold or services performed in the ordinary course of business. Trade receivables are recognized initially at fair value. The
Group holds trade receivables with the objective to collect the contractual cash flows and therefore measures them subsequently at amortized
cost, less provision for impairment. If collection is expected inone yearor less, they are classified as current assets. If not, they
are presented as non-current assets.

Trade payables

Trade payables are liabilities for goods and services
provided to the Group prior to the end of the financial year which are unpaid. They are recognized initially at their fair value and subsequently
measured at amortized cost. They are classified as current liabilities if payment is due withinone yearor less. If not, they are presented
as non-current liabilities. All trade payables were current for the years ended June 30, 2025 and 2024.

F-17

2. MATERIAL ACCOUNTING POLICY INFORMATION (CONT’ D)

Share capital and reserves

Ordinary shares are classified as equity. Incremental
costs directly attributable to the issue of new shares are shown in equity as a deduction from the proceeds of the issue.

Property, plant and equipment

All items of property, plant and equipment are
initially measured at cost. After initial recognition, property, plant and equipment are stated at cost less accumulated depreciation
and any accumulated impairment losses.

Depreciation is calculated to write down the cost
of the assets to their residual values on a straight-line basis over their estimated useful lives. The estimated useful lives represent
common life expectancies applied in the various business segments of the Group. The principal annual rates used are as follows:

                                     Rate       
  Computer system and equipment      10% - 20%  

Expenditure for maintenance and repair, which do not materially extend
the useful lives of the assets, are charged to expenses as incurred. Expenditures for major renewals and betterments which substantially
extend the useful life of assets are capitalized. The cost and related accumulated depreciation of assets retired or sold are removed
from the respective accounts, and any gain or loss is recognized in the other income/(expenses) of consolidated statements of operations
and comprehensive (loss)/income.

Intangible assets

The Group’s intangible assets primarily consist of supply agreement,
good