December 31, 2024

June 30, 2025

SGD’000

USD’000

Balance at beginning of the year/period

6,960

6,660

5,236

Decrease in contract liabilities as a result of recognizing revenue during the year/period that was included in the contract liabilities at the beginning of the year/period

(4,609

)

(461

)

(362

)

Increase in contract liabilities as a result of receiving forward sales deposits and instalments during the year/period in respect of machines still under production

4,309

-

Balance at end of the year/period

6,660

6,199

4,874