RIGHT-OF-USE (“ROU”) ASSETS AND LEASE PAYABLE (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2024

Dec. 31, 2023

Right-of-use Rou Assets And Lease Payable

SCHEDULE OF RIGHT OF USE ASSETS AND LIABILITIES

The Group recognized operating lease ROU assets and lease liabilities as follows:

	December 31, 2023		June 30, 2024
	SGD’000		SGD’000
Operating lease ROU asset, net		1,843		1,808

	December 31, 2023		June 30, 2024
	SGD’000		SGD’000
Operating lease liabilities
Current portion		300		302
Non-current portion		1,283		1,127
Total		1,583		1,429

The Company recognized operating lease ROU assets and lease liabilities as follows:

	December 31, 2022		December 31, 2023		December 31, 2023
	SGD’000		SGD’000		USD’000
Operating lease ROU asset		1,448		1,843		1,397

	December 31, 2022		December 31, 2023		December 31, 2023
	SGD’000		SGD’000		USD’000
Operating lease liabilities
Current portion		280		300		227
Non-current portion		1,406		1,283		973
Total		1,686		1,583		1,200

SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS UNDER NON-CANCELABLE OPERATING LEASES

As of June 30, 2024, future minimum lease payments under the non-cancelable operating leases are as follows:

Future payment	SGD’000
2025		307
2026		235
2027		183
2028		52
2029		29
Thereafter		623
		1,429

As of December 31, 2023, future minimum lease payments under the non-cancelable operating leases are as follows:

Future payment	SGD’000		USD’000
2024		300		227
2025		294		223
2026		232		176
2027		91		69
2028		28		21
Thereafter		638		484
Total		1,583		1,200

SCHEDULE OF OTHER SUPPLEMENTAL INFORMATION ABOUT THE COMPANY’S OPERATING LEASE

The following summarizes other supplemental information about the Company’s operating lease as of June 30, 2024:

Weighted average discount rate	4.45	%
Weighted average remaining lease term (years)	11.5

The following summarizes other supplemental information about the Company’s operating lease as of December 31, 2023:

Weighted average discount rate	4.45	%
Weighted average remaining lease term (years)	12