DEFERRED TAX ASSETS/ LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2023

Deferred Tax Assets Liabilities

SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES

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

SCHEDULE OF DEFERRED TAX ASSETS AND LIABILITIES RECOGNIZED BY THE COMPANY

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