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Related Party Balance and Transactions (Tables) | 6 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2024 | Dec. 31, 2023
Related Party Transaction [Line Items] |  |
Schedule of Accounts Receivable Related Party and Allowance for Credit Loss |  | Movement of the allowance for accounts receivable were as follows: Schedule of Allowance for Accounts Receivable
|  | December 31, 2022 |  |  | December 31, 2023 |  |  | December 31, 2023 |
|  | SGD |  |  | SGD |  |  | USD |
Beginning balance |  |  | 6,170 |  |  |  | 6,170 |  |  |  | 4,566 |
Addition |  |  | - |  |  |  | 2,750 |  |  |  | 2,035 |
Write-off |  |  |  |  |  |  | (2,750 | ) |  |  | (2,035 | )
Ending balance |  |  | 6,170 |  |  |  | 6,170 |  |  |  | 4,566 |
Schedule of Due to Related Parties and Related Party Transactions | As of December 31, 2023 and June 30, 2024, the balances of amount due to related parties were as follows: Schedule of Due to Related Parties and Related Party Transactions
|  | December 31, 2023 |  |  | June 30, 2024 |  |  | June 30, 2024 |
|  | SGD |  |  | SGD |  |  | USD |
Due to related parties |  |  |  |  |  |  |  |  |  |  |  |
Kelvin Ang |  |  | 83,388 |  |  |  | 196,528 |  |  |  | 145,431 |
Total |  |  | 83,388 |  |  |  | 196,528 |  |  |  | 145,431 |
FBS GLOBAL LIMITED Notes to Interim Condensed Consolidated Financial Statements (Unaudited)
| d. | Operating lease liabilities- related party
The Company enter a 24 months lease agreement with the related party on January 1, 2024 to rent the warehouse for storage purpose with a monthly rental fee at SGD 60,000.00 (USD 44,400). The Company accounts for the leases in accordance with ASC 842. The Company’s underlying warehouse were classified as operating leases, and the related lease liabilities were recorded under operating lease liabilities – related party (see Note 8).
| e. | Related party transactions
|  | For the six months ended June 30, 2023 |  |  | For the six months ended June 30, 2024 |  |  | For the six months ended June 30, 2024 |
|  | SGD |  |  | SGD |  |  | USD |
Fastfixs Systems Pte Ltd |  |  |  |  |  |  |  |  |  |  |  |
Consultation fee |  |  | 11,000 |  |  |  | 141,000 |  |  |  | 104,340 |
Supply of labour |  |  | - |  |  |  | 107,320 |  |  |  | 79,417 |
54 Pandan Road Pte Ltd |  |  |  |  |  |  |  |  |  |  |  |
Rental of warehouse |  |  | - |  |  |  | 360,000 |  |  |  | 266,400 |
| As of December 31, 2022 and 2023, the balances of amount due to related parties were as follows: Schedule of Due to Related Parties and Related Party Transactions
|  | 2022 |  |  | 2023 |  |  | 2023 |
|  | SGD |  |  | SGD |  |  | USD |
Due to related parties |  |  |  |  |  |  |  |  |  |  |  |
Kelvin Ang |  |  | 150,426 |  |  |  | 83,388 |  |  |  | 61,707 |
Total |  |  | 150,426 |  |  |  | 83,388 |  |  |  | 61,707 |
FBS GLOBAL LIMITED Notes to Consolidated Financial Statements
| d. | Related party transactions
|  | 2022 |  |  | 2023 |  |  | 2023 |
|  | SGD |  |  | SGD |  |  | USD |
Fine Build-Ninefold Group Construction Company (Private) Limited |  |  |  |  |  |  |  |  |  |  |  |
Supply construction material |  |  | 25,633 |  |  |  | - |  |  |  | - |
54 Pandan Road Pte Ltd |  |  |  |  |  |  |  |  |  |  |  |
Rental of warehouse |  |  | 30,000 |  |  |  | - |  |  |  | - |
Fastfixs Systems Pte Ltd |  |  |  |  |  |  |  |  |  |  |  |
Consultation fee |  |  | - |  |  |  | 138,000 |  |  |  | 102,120 |
Supply of labors |  |  |  |  |  |  | 43,004 |  |  |  | 31,823 |
Related Party [Member] |  |
Related Party Transaction [Line Items] |  |
Schedule of Accounts Receivable Related Party and Allowance for Credit Loss | As of December 31, 2023 and June 30, 2024, the balances of Accounts receivable – related party were as follows: Schedule of Accounts Receivable Related Party and Allowance for Credit Loss
|  |  |  | December 31, 2023 |  |  | June 30, 2024 |  |  | June 30, 2024 |
|  |  |  | SGD |  |  | SGD |  |  | USD |
Accounts receivable – related party |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fine Build-Ninefold Group Construction Company (Private) Limited |  | (1) |  |  | 971,780 |  |  |  | 1,001,185 |  |  |  | 740,877 |
Provision for credit losses |  | (1) |  |  | (971,780 | ) |  |  | (1,001,185 | ) |  |  | (740,877 | )
Total |  |  |  |  | - |  |  |  | - |  |  |  | - |
FBS GLOBAL LIMITED Notes to Condensed Consolidated Financial Statements (Unaudited) Movement of the provision of credit losses were as follows:
|  | December 31, 2023 |  |  | June 30, 2024 |  |  | June 30, 2024 |
|  | SGD |  |  | SGD |  |  | USD |
Beginning balance |  |  | 990,941 |  |  |  | 971,780 |  |  |  | 719,117 |
Exchange rate effect |  |  | (19,161 | ) |  |  | 29,405 |  |  |  | 21,760 |
Ending balance |  |  | 971,780 |  |  |  | 1,001,185 |  |  |  | 740,877 |
| As of December 31, 2022 and 2023, the balances of Accounts receivable – related party were as follows: Schedule of Accounts Receivable Related Party and Allowance for Credit Loss
|  |  |  |  | 2022 |  |  | 2023 |  |  | 2023 |
|  |  |  |  | SGD |  |  | SGD |  |  | USD |
Accounts receivable – related party |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fine Build-Ninefold Group Construction Company (Private) Limited |  |  | (1) |  |  |  | 990,941 |  |  |  | 971,780 |  |  |  | 719,117 |
Allowance for credit loss |  |  | (1) |  |  |  | (990,941 | ) |  |  | (971,780 | ) |  |  | (719,117 | )
Total |  |  |  |  |  |  | - |  |  |  | - |  |  |  | - |
FBS GLOBAL LIMITED Notes to Consolidated Financial Statements Movement of the allowance for credit loss were as follows:
|  | 2022 |  |  | 2023 |  |  | 2023 |
|  | SGD |  |  | SGD |  |  | USD |
Beginning balance |  |  | 970,573 |  |  |  | 990,941 |  |  |  | 733,296 |
Addition |  |  | 20,368 |  |  |  | - |  |  |  | - |
Exchange rate effect |  |  | - |  |  |  | (19,161 | ) |  |  | (14,179 | )
Ending balance |  |  | 990,941 |  |  |  | 971,780 |  |  |  | 719,117 |
Schedule of Other Receivable Related Party Allowance for Credit Loss | As of December 31, 2023 and June 30, 2024, the balances of other receivables-related parties were as follows: Schedule of Other Receivable Related Party Allowance for Credit Loss
|  |  |  | December 31, 2023 |  |  | June 30, 2024 |  |  | June 30, 2024 |
|  |  |  | SGD |  |  | SGD |  |  | USD |
Other receivables – related parties |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fine Build-Ninefold Group Construction Company (Private) Limited |  | (3) |  |  | 575,200 |  |  |  | 592,605 |  |  |  | 438,528 |
Provision for credit losses |  | (3) |  |  | (575,200 | ) |  |  | (592,605 | ) |  |  | (438,528 | )
54 Pandan Road Pte Ltd |  | (2) |  |  | 212,794 |  |  |  | - |  |  |  | - |
Ang Poh Hwee |  | (4) |  |  | 30,000 |  |  |  | 27,631 |  |  |  | 20,447 |
Total |  |  |  |  | 242,794 |  |  |  | 27,631 |  |  |  | 20,447 |
Movement of the provision of credit losses were as follows:
|  | December 31, 2023 |  |  | June 30, 2024 |  |  | June 30, 2024 |
|  | SGD |  |  | SGD |  |  | USD |
Beginning balance |  |  | 586,542 |  |  |  | 575,200 |  |  |  | 425,648 |
Exchange rate effect |  |  | (11,342 | ) |  |  | 17,405 |  |  |  | 12,880 |
Ending balance |  |  | 575,200 |  |  |  | 592,605 |  |  |  | 438,528 |
(1) | Supply construction material to the Joint Venture company. The Company may not be able to collect amounts due under COVID-19’s negative impact to the joint venture’s operation and financial condition, and the Company reserved 100% allowance for credit loss.
(2) | The Company approved a loan to 54 Pandan Road Pte Ltd on April 10 ,2023, provided the loan of SGD2 million, with no interest. As of the date hereof, the Company has fully collected back.
(3) | Management service provided to the Joint Venture company.
(4) | The Company paid on behalf the director for a legal case between Newspaper Seng Pte Ltd and Ang Poh Hwee.
| As of December 31, 2022 and 2023, the balances of other receivables-related parties were as follows: Schedule of Other Receivable Related Party Allowance for Credit Loss
|  |  |  |  | 2022 |  |  | 2023 |  |  | 2023 |
|  |  |  |  | SGD |  |  | SGD |  |  | USD |
Other receivables – related parties |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Fine Build-Ninefold Group Construction Company (Private) Limited |  |  | (3) |  |  |  | 586,542 |  |  |  | 575,200 |  |  |  | 425,648 |
Allowance for credit loss |  |  | (3) |  |  |  | (586,542 | ) |  |  | (575,200 | ) |  |  | (425,648 | )
54 Pandan Road Pte Ltd |  |  | (2) |  |  |  | - |  |  |  | 212,794 |  |  |  | 157,468 |
Ang Poh Hwee |  |  | (4) |  |  |  | - |  |  |  | 30,000 |  |  |  | 22,200 |
Total |  |  |  |  |  |  | - |  |  |  | 242,794 |  |  |  | 179,668 |
Movement of the allowance for credit loss were as follows:
|  | 2022 |  |  | 2023 |  |  | 2023 |
|  | SGD |  |  | SGD |  |  | USD |
Beginning balance |  |  | 589,638 |  |  |  | 586,542 |  |  |  | 434,041 |
Exchange rate effect |  |  | (3,096 | ) |  |  | (11,342 | ) |  |  | (8,393 | )
Ending balance |  |  | 586,542 |  |  |  | 575,200 |  |  |  | 425,648 |
(1) | Supply construction material to the Joint Venture company. The Company may not be able to collect amounts due under COVID-19’s negative impact to the joint venture’s operation and financial condition, and the Company reserved 100% allowance for credit loss.
(2) | The Company approved a loan to 54 Pandan Road Pte Ltd on April 10 ,2023, provided the loan of SGD2 million, with no interest. As of the date of this report, the Company has collected back all the loan from 54 Pandan Road Pte Ltd.
(3) | Management service provided to the Joint Venture company.
(4) | The Company paid on behalf the director for a legal case between Newspaper Seng Pte Ltd and Ang Poh Hwee.

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