WARRANTY LIABILITIES

6 Months Ended

12 Months Ended

Jun. 30, 2024

Dec. 31, 2023

Warranty Liabilities

WARRANTY LIABILITIES

11. WARRANTY LIABILITIES

	December 31, 2023			June 30, 2024
	SGD’000			SGD’000
As of January 1,		22			22
Additional accrual		37			-
Utilized		(37	)		-
As of December 31/June 30		22			22

The warranty for machines sold typically covers a 12-month period from the date on which the machines are delivered and accepted by the customers. The warrant liability is based on estimates made from historical warranty data associated with similar products and services. The Company expects to make use of the accrued liability over the next operating period.

11. WARRANTY LIABILITIES

	December 31,
	2022			2023			2023
	SGD’000			SGD’000			USD’000
As of January 1,		22			22			17
Additional accrual		6			37			28
Utilized		(6	)		(37	)		(28	)
As of December 31,		22			22			17

The warranty for machines sold typically covers a 12-month period from the date on which the machines are delivered and accepted by the customers. The warrant liability is based on estimates made from historical warranty data associated with similar products and services. The Company expects to make use of the accrued liability over the next operating period.