DEFERRED TAX ASSETS/ LIABILITIES

12 Months Ended

Dec. 31, 2023

Deferred Tax Assets Liabilities

DEFERRED TAX ASSETS/ LIABILITIES

14. DEFERRED TAX ASSETS/ LIABILITIES

	December 31,
	2022		2023		2023
	SGD’000		SGD’000		USD’000
Deferred tax assets		66		74		56
Deferred tax liabilities		-		-		-
		66		74		56

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, 2021		(193	)		5		163			(25	)
Recognized in statements of income		37			-		-			37
As of December 31, 2021		(156	)		5		163			12
Recognized in statements of income		192			-		(138	)		54
As of December 31, 2022		36			5		25			66
Recognized in statements of income		33			-		(25	)		8
As of December 31, 2023		69			5		-			74