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RELATED PARTY TRANSACTIONS
12 Months Ended
Jun. 30, 2024
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

NOTE-16 RELATED PARTY TRANSACTIONS

 

In the ordinary course of business, during the years ended June 30, 2023 and 2024, our Company was involved in certain transactions, either at cost or current market prices, and on the normal commercial terms with related parties. The following table provides the transactions with these parties for the years as presented (for the portion of such period that they were considered related):

 

    2022    2023   2024 
    Years ended June 30, 
Nature of transactions   2022    2023   2024 
      S$    S$   S$ 
Premium Rich Engineering Pte. Ltd.(1)                  
Amount due from you (trade)    

-

    37,302    - 
Amount due from you (non-trade)    

-

    3,402    - 
Amount due to you (non-trade)     274,832     24,744    40,602 
Sales during the year     492,447     532,704    209,202 
Expenses charged to you     7,550     2,952    - 
Rental income charged to you     -     4,950    900 
Direct cost charged by you     4,545     42,124    102,866 
Expenses charged by you     -     99,518    12,747 
Deposit received from you     -     3,600    3,600 
Advance paid from you (trade)     -     -    15,565 
                   
LRS-Premium Pte. Ltd. (2)                  
Amount due from you (non-trade)     1,015,117     272,096    - 
Amount due to you (non-trade)     28,000     100,915    813,724 
Prepayment to you     1,230,500     569,252    - 
Deposit paid     878,000     878,000    778,000 
Rental charged by you     -     622,915    1,149,996 
Expense charged by you     -     205,984    456,477 
                   
Hing Fatt Building & Material Pte. Ltd. (3)                  
Amount due from you (trade)     -     7,003    31,975 
Amount due from you (non-trade)     -     11,664    - 
Amount due to you (non-trade)     -     90    - 
Sales during the year     -     6,484    56,521 
Rental charged to you     -     10,800    1,350 
Expense charged by you     -     90    - 
                   
Team General Construction Pte. Ltd. (4)                  
Amount due from you (trade)     6,342     5,181    39,502 
Amount due to you (non-trade)     -     65    - 
Sales during the year     56,800     106,037    205,586 
Expenses charged to you     1,360     47    2,100 
Expense charged by you     -     385    - 
Rental income charged to you     -     -    61,580 

 

(1)100% shares held by our Company’s Chief Executive Officer, Mr Gao
(2)60% shares held by Mr Gao
(3)100% shares held by Mr Gao
(4)60% shares held by our Company’s Chief Executive Officer, Mr Gao via Premium Rich Engineering Pte. Ltd.

 

Apart from the transactions and balances detailed elsewhere in these accompanying financial statements, our Company has no other significant or material related party transactions during the years presented.