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Consolidated Statements of Cash Flows
$ in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
USD ($)
Dec. 31, 2024
SGD ($)
Dec. 31, 2023
SGD ($)
Dec. 31, 2022
SGD ($)
Statement of Cash Flows [Abstract]        
Net income $ 25 $ 32 $ 519 $ 1,192
Adjustment:        
Depreciation of property, plant and equipment 563 769 493 522
Amortization of right-of-use assets 154 211 209 150
Written-off of property, plant and equipment 46 63 36
(Reversal)/Addition of allowance for expected credit losses 40 55 (11)
Change in fair value of financial instruments (14) (19) (2)
Stock-based compensation 341 466
Changes in operating assets:        
(Increase)/decrease in inventories 1,046 1,429 (2,181) (9,335)
(Increase)/decrease of accounts receivable, prepaid expenses and other current assets, net 14 19 753 (2,495)
Increase/(decrease) of accounts payable, accruals and other current liabilities (298) (407) (757) 374
Increase/(decrease) of contract liabilities (220) (300) 2,641 4,319
Repayment of lease liabilities (223) (305) (291)
Income taxes payables 29 40
Cash (used in)/ provided by operating activities 1,503 2,053 1,375 (5,239)
Proceeds from disposal of property, plant and equipment 20
Additions of financial instruments (177) (242)
Purchase of property, plant and equipment (917) (1,253) (211) (817)
Cash used in investing activities (1,094) (1,495) (211) (797)
Net proceeds from/(repayment of) controlling shareholder loan (741) (782)
Proceed from bank loans 4,146 5,664 250
Repayment of bank loans (3,551) (4,851) (1,702) (312)
Dividends paid (471) (643)
Proceeds from issuance of shares 14,931
Purchase of treasury shares (35) (48) (18)
Placement of escrowed funds with escrow agent (804)
Payment of deferred financing costs (356) (1,546)
Cash provided by/(used in) financing activities 89 122 (2,567) 11,487
Foreign currency effect (20) (27) (69) 2
Net change in cash and cash equivalents 478 653 (1,472) 5,453
Cash and cash equivalents as of beginning of the year 3,725 5,089 6,561 1,108
Cash and cash equivalents as of the end of the year 4,203 5,742 5,089 6,561
Supplementary Cash Flows Information        
Cash paid for interest 378 516 511 317
Cash paid for taxes $ 154 $ 210 $ 289