SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

12 Months Ended

Mar. 31, 2022

Dec. 31, 2021

SCHEDULE OF AMORTIZATION STRAIGHT LINE METHOD

The amortization is provided on straight line method so as to write off the amortization amount of the respective classes of intangible assets as follows:

	Rate %

Intangible asset		20	%

The amortization is provided on straight line method so as to write off the amortization amount of the respective classes of intangible assets as follows:

	Rate %

Intangible asset		20	%

SCHEDULE OF FOREIGN EXCHANGE RATES

Translation of amounts from MYR into US$1 has been made at the following exchange rates for the respective periods:

SCHEDULE OF FOREIGN EXCHANGE RATES

	As of and for the period ended		As of and for the period ended		As of and for the period ended		As of and for the period ended
	March 31, 2022		March 31, 2021		December 31, 2021		December 31, 2020

Year/Period-end MYR : US$1 exchange rate		4.2060		4.1460		4.1650		4.0170
Year/Period-average MYR : US$1 exchange rate		4.1936		4.0678		4.1456		4.2011

Year/Period-end MYR : SGD 1 exchange rate		3.1064		3.0845		3.0853		3.0396
Year/Period-average MYR : SGD 1 exchange rate		3.1003		3.0530		3.0842		3.0462

Year/Period-end MYR : HKD 1 exchange rate		0.5372		0.5333		0.5342		0.5182
Year/Period-average MYR : HKD 1 exchange rate		0.5372		0.5243		0.5333		0.5417

Year/Period-end MYR : CNY 1 exchange rate		0.6630		0.6326		0.6547		0.6141
Year/Period-average MYR : CNY 1 exchange rate		0.6606		0.6277		0.6428		0.6091

Translation of amounts from MYR into US$1 has been made at the following exchange rates for the respective periods:

SCHEDULE OF FOREIGN EXCHANGE RATES

	As of and for the year ended		As of and for the period ended
	December 31, 2021		December 31, 2020

Year/Period-end MYR : US$1 exchange rate		4.1650		4.0170
Year/Period-average MYR : US$1 exchange rate		4.1456		4.2011

Year/Period-end MYR : SGD 1 exchange rate		3.0853		3.0396
Year/Period-average MYR : SGD 1 exchange rate		3.0842		3.0462

Year/Period-end MYR : HKD 1 exchange rate		0.5342		0.5182
Year/Period-average MYR : HKD 1 exchange rate		0.5333		0.5417

Year/Period-end MYR : CNY 1 exchange rate		0.6547		0.6141
Year/Period-average MYR : CNY 1 exchange rate		0.6428		0.6091

SIMSON WELLNESS TECH CORP. S-1