ACCOUNTS RECEIVABLE, NET (Tables)

12 Months Ended

Dec. 31, 2023

Credit Loss [Abstract]

SCHEDULE OF ACCOUNTS RECEIVABLE, NET

Accounts receivable, net, consists of the following:

	December 31,
	2022			2023			2023
	SGD’000			SGD’000			USD’000
Accounts receivable		5,669			4,798			3,637
Less: allowance for expected credit losses		(34	)		(23	)		(18	)
Accounts receivable, net		5,635			4,775			3,619

SCHEDULE OF ALLOWANCE FOR DOUBTFUL ACCOUNTS

The movements in the allowance for expected credit losses for the years ended December 31, 2022 and 2023 were as follows:

	2022		2023			2023
	SGD’000		SGD’000			USD’000
Balance at beginning of the year		34		34			26
Additions		-		-			-
Reversal		-		(11	)		(8	)
Balance at end of the year		34		23			18

SCHEDULE OF ACCOUNTS NET OF ALLOWANCE FOR DOUBTFUL ACCOUNTS

As of the end of each of the financial year, the ageing analysis of accounts receivable, net of allowance for expected credit losses, based on the invoice date is as follows:

	December 31,
	2022		2023		2023
	SGD’000		SGD’000		USD’000
Within 30 days		3,094		3,923		2,974
Between 31 and 60 days		1,683		758		575
Between 61 and 90 days		270		38		29
More than 90 days		588		56		41
Accounts receivable, net		5,635		4,775		3,619