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BANK LOANS (Tables)
6 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
SCHEDULE OF BANK LOANS

The bank loans as of December 31, 2024 and June 30, 2025 are set out below:

  

Bank loans  Currency   Period   Interest rate 

Third

party guarantee

  Director’s personal guarantee   Carrying amount 
                 SGD’000   SGD’000 
Secured floating rate bank loans   SGD    2015 - 2028   SIBOR+1.25% to +1.5%  NIL        8,676 
    USD    2023 - 2029   London Inter Bank Offer Rate +1.25%  NIL        118 
December 31, 2024                   3,430    8,794 
                           
Secured floating rate bank loans   SGD    2015 - 2028   SIBOR+1.25% to +1.5%  NIL        8,025 
    USD    2023 -2029   London Inter Bank Offer Rate +1.25%  NIL        118 
June 30, 2025                   

3,430

    8,143 
Balance as of June 30, 2025 (US$)                   

2,697

    6,402 
SCHEDULE OF MATURITIES OF BANK LOANS

    

Bank loans  Carrying amount   Within 1 year   2026   2027   2028   2029   Thereafter 
   SGD’000                         
Secured floating rate bank loans   8,676 24  1,304    1,309    4,400    1,142    521    - 
    118    24    24    24    24    22    - 
December 31, 2024   8,794    1,328    1,333    4,424    1,166    543    - 

 

   Carrying amount   Within 1 year   2027   2028   2029   2030   Thereafter 
   SGD’000                         
Secured floating rate bank loans   8,025    1,305    4,517    1,137    1,060    6    - 
    118    24    24    24    24    22    - 
June 30, 2025   8,143    1,329    4,541    1,161    1,084    28    - 
Balance as of June 30, 2025 (US$)   6,402    1,045    3,570    913    852    22    -