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Interim Condensed Consolidated Statements of Cash Flows
$ in Thousands, $ in Thousands
6 Months Ended 12 Months Ended
Jun. 30, 2024
USD ($)
Jun. 30, 2024
SGD ($)
Jun. 30, 2023
SGD ($)
Dec. 31, 2023
USD ($)
Dec. 31, 2023
SGD ($)
Dec. 31, 2022
SGD ($)
Dec. 31, 2021
SGD ($)
Statement of Cash Flows [Abstract]              
Net income $ 441 $ 598 $ 279 $ 393 $ 519 $ 1,192 $ 2
Adjustment:              
Depreciation and amortization 325 441 315 532 702 672 614
(Gain)/Loss on disposal of property, plant and equipment       36 (71)
Allowance for expected credit losse 13 17 (8) (11) (49)
Change in fair value in financial installment 37 49 (2) (3)
Changes in operating assets:              
(Increase)/decrease in inventories 867 1,175 (446) (1,653) (2,181) (9,335) (1,177)
Decrease/(increase) of accounts receivable other receivables (388) (526) (704) 571 753 (2,495) 5,537
(Decrease)/increase of accounts payable, accruals and other current liabilities (282) (382) 1,221 (573) (757) 374 (1,480)
Decrease of contract liabilities (1,401) (1,899) 2,002 2,641 4,319
Repayment of lease liabilities       (220) (291)
Cash provided by/(used in) operating activities (388) (527) 665 1,044 1,375 (5,239) 3,373
Addition of financial assets (224) (303)        
Proceeds from disposal of property, plant and equipment       20 71
Purchase of property, plant and equipment (86) (116) (244) (160) (211) (817) (788)
Cash used in investing activities (310) (419) (244) (160) (211) (797) (717)
Proceeds from bank loans       189 250 1,750
Net (repayment)/drawdown of bank loans 625 847 (1,486)        
Net (repayment)/drawdown of lease liabilities (113) (154) 3        
Repayment of loan from controlling shareholder (562) (562) (741) (782) 1,523
Repayment of bank loans       (1,290) (1,702) (312) (2,094)
Dividends paid       (2,900)
Proceeds from issuance of shares       14,931
Acquisition of treasury shares       (14) (18)
Placement of escrowed funds with escrow agent       (804)
Payment of deferred financing costs       (270) (356) (1,546) (361)
Cash (used in)/provided by financing activities 512 693 (2,045) (1,947) (2,567) 11,487 (2,082)
Foreign currency effect (125) (29) (52) (52) (69) 2 (16)
Net change in cash and cash equivalents (311) (282) (1,676) (1,115) (1,472) 5,453 558
Cash and cash equivalents as of beginning of the period 3,858 5,089 6,561 4,973 6,561 1,108 550
Cash and cash equivalents as of the end of the period 3,547 4,807 4,885 3,858 5,089 6,561 1,108
Supplementary Cash Flows Information              
Cash paid for interest 174 236 183 387 511 317 217
Cash paid for taxes $ 93 $ 126 $ 219 $ 289 $ 531