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Intangible Assets
 12 Months Ended
Dec. 31, 2022
Disclosure of Detailed Information About Intangible Assets [Abstract]  
INTANGIBLE ASSETS

15 INTANGIBLE ASSETS

 

The movement of intangible assets during the year is as follows:

 

   Application development   Originals and Sessions   Other intangibles   Work in progress   Total 
   USD   USD   USD   USD   USD 
2021                    
Cost:                    
At January 1, 2021   2,669,100    342,645    59,450    68,128    3,139,323 
Additions   
-
    
-
    18,864    86,350    105,214 
Additions – internally developed   911,599    123,851    
-
    38,099    1,073,549 
Transfers   
-
    81,701    
-
    (81,701)   
-
 
At December 31, 2021   3,580,699    548,197    78,314    110,876    4,318,086 
                          
Amortization:                         
At January 1, 2021   1,295,643    250,327    17,351    
-
    1,563,321 
Charge for the year   619,259    74,556    18,104    
-
    711,919 
At December 31, 2021   1,914,902    324,883    35,455    
-
    2,275,240 
                          
Net carrying amount:                         
At December 31, 2021   1,665,797    223,314    42,859    110,876    2,042,846 
                          
2022                         
Cost:                         
At January 1, 2022   3,580,699    548,197    78,314    110,876    4,318,086 
Additions   
-
    
-
    8,849,867    15,900    8,865,767 
Additions – internally developed   112,378    51,927    
-
    -    164,305 
Write-off   (7,567)   -    -    -    (7,567)
Transfers   -    (80,072)   86,350    (6,278)   - 
At December 31, 2022   3,685,510    520,052    9,014,531    120,498    13,340,591 
                          
Amortization:                         
At January 1, 2022   1,914,902    324,883    35,455    
-
    2,275,240 
Charge for the year   725,577    106,503    2,637,683    -    3,469,763 
Write-off   (7,567)   -    -    -    (7,567)
Transfers   -    2,432    (2,432)   -    - 
At December 31, 2022   2,632,912    433,818    2,670,706    -    5,737,436 
                          
Net carrying amount:                         
At December 31, 2022   1,052,598    86,234    6,343,825    120,498    7,603,155 

 

Work in progress represents costs incurred in relation to internally produced originals and sessions which are not yet released as well as software being developed by a third party.

 

Amortization charged is allocated as follows:

 

   2022   2021 
   USD   USD 
         
Selling and marketing expenses   2,594,663    - 
Cost of revenue (note 6)   871,663    711,919 
General and administrative expenses (note 8)   3,437    - 
    3,469,763    711,919