ACCOUNTS RECEIVABLE, NET

6 Months Ended

Jun. 30, 2024

Credit Loss [Abstract]

ACCOUNTS RECEIVABLE, NET

3. ACCOUNTS RECEIVABLE, NET

Accounts receivable, net, consists of the following:

	December 31, 2023			June 30, 2024
	SGD’000			SGD’000
Accounts receivable		4,798			5,018
Less: allowance for expected credit losses accounts		(23	)		(40	)
Accounts receivable, net		4,775			4,978

The movements in the allowance for expected credit losses accounts for the year ended December 31, 2023 and the six-month period ended June 30, 2024 were as follows:

	December 31, 2023			June 30, 2024
	SGD’000			SGD’000
Balance at beginning of the year/period		34			23
Addition		-			17
Reversal		(11	)		-
Balance at end of the year/period		23			40

As of December 31, 2023 and June 30, 2024, the ageing analysis of accounts receivable, net of allowance for expected credit losses accounts, based on the invoice date is as follows:

	December 31, 2023		June 30, 2024
	SGD’000		SGD’000
Within 30 days		3,923		3,134
Between 31 and 60 days		758		1,484
Between 61 and 90 days		38		53
More than 90 days		56		307
		4,775		4,978