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Interim Condensed Consolidated Statements of Cash Flows (Unaudited)
$ in Thousands, $ in Thousands
6 Months Ended
Jun. 30, 2024
USD ($)
Jun. 30, 2024
SGD ($)
Jun. 30, 2023
SGD ($)
Statement of Cash Flows [Abstract]      
Net income $ 441 $ 598 $ 279
Adjustment:      
Depreciation and amortization 325 441 315
Allowance for expected credit losse 13 17
Change in fair value in financial installment 37 49
Changes in operating assets:      
(Increase)/decrease in inventories 867 1,175 (446)
Decrease/(increase) of accounts receivable other receivables (388) (526) (704)
(Decrease)/increase of accounts payable, accruals and other current liabilities (282) (382) 1,221
Decrease of contract liabilities (1,401) (1,899)
Cash provided by/(used in) operating activities (388) (527) 665
Addition of financial assets (224) (303)
Purchase of property, plant and equipment (86) (116) (244)
Cash used in investing activities (310) (419) (244)
Repayment of loan from controlling shareholder (562)
Net (repayment)/drawdown of bank loans 625 847 (1,486)
Net (repayment)/drawdown of lease liabilities (113) (154) 3
Cash (used in)/provided by financing activities 512 693 (2,045)
Foreign currency effect (22) (29) (52)
Net change in cash and cash equivalents (208) (282) (1,676)
Cash and cash equivalents as of beginning of the period 3,755 5,089 6,561
Cash and cash equivalents as of the end of the period 3,547 4,807 4,885
Supplementary Cash Flows Information      
Cash paid for interest 174 236 183
Cash paid for taxes $ 93 $ 126