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Consolidated Statements of Cash Flows
$ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
USD ($)
Dec. 31, 2021
SGD ($)
Dec. 31, 2020
SGD ($)
Dec. 31, 2019
SGD ($)
Statement of Cash Flows [Abstract]        
Net income $ 1 $ 2 $ 1,727 $ 342
Adjustment:        
Depreciation and amortization 454 614 769 972
(Gain)/Loss on disposal of property, plant and equipment (52) (71) 8
Reversal/ provision of loss allowance (36) (49) 63 (21)
Change in fair value of financial instruments (2) (3) (1) 57
Changes in operating assets:        
(Increase)/ decrease in inventories (871) (1,177) 1,597 327
Decrease/(increase) of accounts receivable 4,095 5,537 (4,549) 1,077
Increase/(decrease) of accounts payable, accruals and other current liabilities (1,095) (1,480) 1,508 (1,217)
Cash provided by operating activities 2,494 3,373 1,114 1,545
Proceeds from disposal of property, plant and equipment 53 71 41
Purchase of property, plant and equipment (583) (788) (280) (615)
Purchase of financial instrument (296)
Release of pledged fixed deposit 200
Cash used in investing activitie (530) (717) (280) (670)
Proceeds from bank loans 1,294 1,750 235
Proceeds from controlling shareholder loan 1,126 1,523
Repayment of bank loans (1,548) (2,094) (669) (1,270)
Dividends paid (2,145) (2,900) (1,500)
Principal payment of lease liabilities (95) (108)
Proceeds from issuance of shares 1,577
Payment of deferred financing costs (266) (361) (417) (193)
Cash used in financing activities (1,539) (2,082) (1,181) (1,259)
Foreign currency effect (12) (16) 54 (49)
Net change in cash and cash equivalents 413 558 (293) (433)
Cash and cash equivalents as of beginning of the year 407 550 843 1,276
Cash and cash equivalents as of the end of the year 820 1,108 550 843
Supplementary Cash Flows Information        
Cash paid for interest 159 217 320 458
Cash paid for taxes $ 388 $ 531 $ 62 $ 46