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Leases | 12 Months Ended
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Dec. 31, 2023
Leases |
Leases | 8. Leases Financing leases as lessee As of December 31, 2022 and 2023, the Company has financing leases with the financial institutions on its consolidated balance sheets for hire purchase of motor vehicle. The following table shows financing lease liabilities from the financial institutions, and the associated financial statement line items as follows at December 31: Schedule of Finance Lease
|  | 2022 |  |  | 2023 |  |  | 2023 |
|  | SGD |  |  | SGD |  |  | USD |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |
Financing lease liabilities current |  |  | 16,680 |  |  |  | 16,680 |  |  |  | 12,343 |
Financing lease liabilities non-current |  |  | 27,800 |  |  |  | 11,120 |  |  |  | 8,229 |
As of December 31, 2022 and 2023, leased assets which are included in the “Property, plant and equipment” of the consolidated balance sheet of following at December 31: Schedule of Finance Lease Asset
|  | 2022 |  |  | 2023 |  |  | 2023 |
|  | SGD |  |  | SGD |  |  | USD |
Motor vehicles at cost |  |  | 132,508 |  |  |  | 128,000 |  |  |  | 94,720 |
Less: Accumulated depreciation |  |  | (64,421 | ) |  |  | (87,467 | ) |  |  | (64,725 | )
Motor vehicles, net |  |  | 68,087 |  |  |  | 40,533 |  |  |  | 29,995 |
Information relating to financing lease activities during the years ended December 31, 2022 and 2023 are as follows: Schedule of Financing Lease Expenses
|  | 2022 |  |  | 2023 |  |  | 2023 |
|  | SGD |  |  | SGD |  |  | USD |
Financing lease expenses |  |  |  |  |  |  |  |  |  |  |  |
Depreciation |  |  | 26,502 |  |  |  | 25,600 |  |  |  | 18,944 |
Interest of lease liabilities |  |  | 1,942 |  |  |  | 1,920 |  |  |  | 1,421 |
Total financing lease expenses |  |  | 28,444 |  |  |  | 27,520 |  |  |  | 20,365 |
Maturities of lease liabilities were as follows: Schedule of Maturities of Lease Liabilities
|  | SGD |  |  | USD |
For the year ending December 31, |  |  |  |  |  |  |  |
2024 |  |  | 18,600 |  |  |  | 13,764 |
2025 |  |  | 12,308 |  |  |  | 9,108 |
Total lease payments |  |  | 30,908 |  |  |  | 22,872 |
Less: imputed interest |  |  | (3,108 | ) |  |  | (2,300 | )
Total |  |  | 27,800 |  |  |  | 20,572 |
FBS GLOBAL LIMITED Notes to Consolidated Financial Statements

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- References No definition available. + Details
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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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