CONTRACT LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2024

Contract Liabilities

SCHEDULE OF MOVEMENT IN CONTRACT LIABILITIES

Movement in contract liabilities:

	December 31,
	2023			2024			2024
	SGD’000			SGD’000			USD’000
As of January 1,		4,319			6,960			5,094
Decrease in contract liabilities as a result of recognizing revenue during the year that was included in the contract liabilities at the beginning of the year		(140	)		(4,609	)		(3,374	)
Increase in contract liabilities as a result of receiving forward sales deposits and instalments during the year in respect of machines still under production		2,781			4,309			3,155
As of December 31,		6,960			6,660			4,875