REVENUES BY PRODUCT AND GEOGRAPHY

6 Months Ended

12 Months Ended

Jun. 30, 2024

Dec. 31, 2023

Revenue from Contract with Customer [Abstract]

REVENUES BY PRODUCT AND GEOGRAPHY

16. REVENUES BY PRODUCT AND GEOGRAPHY

	For the six-month period ended June 30,
	2023		2024
	SGD’000		SGD’000
Sales of cleaning systems and other equipment		5,426		6,981
Provision of centralized dishware washing and general cleaning services		3,225		3,562
Leasing of dishware washing equipment		163		199
		8,814		10,742

An operating segment is a component of the Company that engages in business activities from which it may earn revenues and incur expenses, and is identified on the basis of the internal financial reports that are provided to and regularly reviewed by the Company’s chief operating decision maker in order to allocate resources and assess performance of the segment.

In accordance with ASC 280, “Segment Reporting,” operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker (“CODM”), or decision making group, in deciding how to allocate resources and in assessing performance. The Company uses the “management approach” in determining reportable operating segments. The management approach considers the internal organization and reporting used by the Company’s chief operating decision maker for making operating decisions and assessing performance as the source for determining the Company’s reportable segments. Management, including the chief operating decision maker, reviews operation results by the revenue of different services. Based on management’s assessment, the Company has determined that it has two operating segments as defined by ASC 280 as follow:

1. Sale of cleaning systems and other equipment business (‘‘Cleaning systems’’): Manufacturing, selling, and servicing of cleaning systems, components, and parts.

2. Provision of centralized dishware washing and ancillary services (‘‘Dishware washing services’’): Provision of centralized dishware washing services and leasing of dishware washing equipment.

The following tables present summary information by product type for the six-month periods ended June 30, 2024 and 2023, respectively:

	For the six-month period ended June 30, 2024
	Cleaning Systems		Dishware Washing Services		Total
	SGD’000		SGD’000		SGD’000
Revenue		6,981		3,761		10,742
Gross profit		2,366		468		2,834

	For the six-month period ended June 30, 2023
	Cleaning Systems		Dishware Washing Services		Total
	SGD’000		SGD’000		SGD’000
Revenue		5,426		3,388		8,814
Gross profit		1,630		468		2,098

In the following tables, revenue is disaggregated by the geographical locations of customers.

	For the six-month period ended June 30, 2024
	Cleaning Systems		Dishware Washing Services		Total
	SGD’000		SGD’000		SGD’000
Geographical location:
Singapore		555		3,761		4,316
Malaysia		4,723		-		4,723
Other countries		1,703		-		1,703
		6,981		3,761		10,742

	For the six-month period ended June 30, 2023
	Cleaning Systems		Dishware Washing Services		Total
	SGD’000		SGD’000		SGD’000
Geographical location:
Singapore		2,952		3,388		6,340
Malaysia		843		-		843
Other countries		1,631		-		1,631
		5,426		3,388		8,814

In the following tables, revenue is disaggregated by the timing of revenue recognition.

	For the six-month period ended June 30, 2024
	Cleaning Systems		Dishware Washing Services		Total
	SGD’000		SGD’000		SGD’000
Timing of revenue recognition:
Point in time		6,981		-		6,981
Over time		-		3,761		3,761
		6,981		3,761		10,742

	For the six-month period ended June 30, 2023
	Cleaning Systems		Dishware Washing Services		Total
	SGD’000		SGD’000		SGD’000
Timing of revenue recognition:
Point in time		5,426		-		5,426
Over time		-		3,388		3,388
		5,426		3,388		8,814

16. REVENUES BY PRODUCT AND GEOGRAPHY

	For the years ended December 31,
	2021		2022		2023		2023
	SGD’000		SGD’000		SGD’000		USD’000
Sales of cleaning systems and other equipment		8,975		11,443		10,991		8,331
Provision of centralized dishware washing and general cleaning services		5,636		6,879		6,710		5,086
Leasing of dishware washing equipment		153		309		331		251
Revenue		14,764		18,631		18,032		13,668

The following tables present summary information by product type for the years ended December 31, 2021, 2022 and 2023, respectively:

	For the years ended December 31, 2023
	Cleaning Systems		Dishware Washing Services		Total		Total
	SGD’000		SGD’000		SGD’000		US$’000
Revenue		10,991		7,041		18,032		13,668
Gross Profit		3,421		945		4,366		3,309

	For the years ended December 31, 2022
	Cleaning Systems		Dishware Washing Services		Total
	SGD’000		SGD’000		SGD’000
Revenue		11,443		7,188		18,631
Gross Profit		4,330		798		5,128

	For the years ended December 31, 2021
	Cleaning Systems		Dishware Washing Services		Total
	SGD’000		SGD’000		SGD’000
Revenue		8,975		5,789		14,764
Gross Profit		2,090		258		2,348

In the following table, revenue is disaggregated by the geographical locations of customers and by the timing of revenue recognition.

	For the years ended December 31, 2023
	Cleaning Systems		Dishware Washing Services		Total		Total
	SGD’000		SGD’000		SGD’000		US$’000
Geographical location:
Singapore		6,128		7,041		13,169		9,982
Malaysia		1,018		-		1,018		772
Other countries		3,845		-		3,845		2,914
Revenue		10,991		7,041		18,032		13,668

	For the years ended December 31, 2022
	Cleaning Systems		Dishware Washing Services		Total
	SGD’000		SGD’000		SGD’000
Geographical location:
Singapore		2,946		7,188		10,134
Malaysia		4,264		-		4,264
Other countries		4,233		-		4,233
Revenue		11,443		7,188		18,631

	For the years ended December 31, 2021
	Cleaning Systems		Dishware Washing Services		Total
	SGD’000		SGD’000		SGD’000
Geographical location:
Singapore		651		5,789		6,440
Malaysia		4,877		-		4,877
Other countries		3,447		-		3,447
Revenue		8,975		5,789		14,764

In the following table, revenue is disaggregated by the timing of revenue recognition.

	For the years ended December 31, 2023
	Cleaning Systems		Dishware Washing Services		Total		Total
	SGD’000		SGD’000		SGD’000		US$’000
Timing of revenue recognition:
Point in time		10,991		-		10,991		8,331
Over time		-		7,041		7,041		5,337
Revenue		10,991		7,041		18,032		13,668

	For the years ended December 31, 2022
	Cleaning Systems		Dishware Washing Services		Total
	SGD’000		SGD’000		SGD’000
Timing of revenue recognition:
Point in time		11,443		-		11,443
Over time		-		7,188		7,188
Revenue		11,443		7,188		18,631

	For the years ended December 31, 2021
	Cleaning Systems		Dishware Washing Services		Total
	SGD’000		SGD’000		SGD’000
Timing of revenue recognition:
Point in time		8,975		-		8,975
Over time		-		5,789		5,789
Revenue		8,975		5,789		14,764