PROPERTY, PLANT AND EQUIPMENT, NET

12 Months Ended

Dec. 31, 2021

Property, Plant and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT, NET

6. PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment, net, consists of the following:

	December 31,
	2020			2021
	SGD’000			SGD’000
Leasehold improvements		7,523			7,523
Right-of-use assets		2,328			2,328
Plant and machinery		5,488			5,585
Furniture and fittings		2,926			3,101
Subtotal		18,265			18,537
Less: accumulated depreciation		(9,351	)		(9,556	)
Property, plant and equipment, net		8,914			8,981

Depreciation expense was approximately SGD$614 thousands, SGD$769 thousands and SGD$972 thousands for the years ended December 31, 2021, 2020 and 2019, respectively.