DEFERRED TAX ASSETS/ LIABILITIES

12 Months Ended

Dec. 31, 2024

Deferred Tax Assets Liabilities

DEFERRED TAX ASSETS/ LIABILITIES

14. DEFERRED TAX ASSETS/ LIABILITIES

	December 31,
	2023		2024			2024
	SGD’000		SGD’000			USD’000
Deferred tax assets		74		74			54
Deferred tax liabilities		-		(100	)		(73	)
		74		(26	)		(19	)

Following are the major deferred tax assets and liabilities recognized by the Company:

	Property, plant and equipment			Provisions		Tax losses			Total
	SGD’000			SGD’000		SGD’000			SGD’000
As of January 1, 2022		(156	)		5		163			12
Recognized in statements of income		192			-		(138	)		54
As of December 31, 2022		36			5		25			66
Recognized in statements of income		33			-		(25	)		8
As of December 31, 2023		69			5		-			74
Recognized in statements of income		(100	)		-		-			(100	)
As of December 31, 2024		(31	)		5		-			(26	)