DEFERRED TAX ASSETS/ LIABILITIES

12 Months Ended

Dec. 31, 2021

Deferred Tax Assets Liabilities

DEFERRED TAX ASSETS/ LIABILITIES

13. DEFERRED TAX ASSETS/ LIABILITIES

	December 31,
	2020			2021
	SGD’000			SGD’000
Deferred tax assets		163			163
Deferred tax liabilities		(188	)		(151	)
		(25	)		12

Following are the major deferred tax assets and liabilities recognized by the Company:

	Property, plant and equipment			Provisions			Tax losses			Total
	SGD’000			SGD’000			SGD’000			SGD’000
As of January 1, 2019		226			27			-			253
Recognized in statements of income		(363	)		(21	)		190			(194	)
As of December 31, 2019		(137	)		6			190			59
Recognized in statements of income		(56	)		(1	)		(27	)		(84	)
As of December 31, 2020		(193	)		5			163			(25	)
Recognized in statements of income		37			-			-			37
As of December 31, 2021		(156	)		5			163			12