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Property, plant and equipment
 6 Months Ended 12 Months Ended
Jun. 30, 2024
Dec. 31, 2023
Property, Plant and Equipment [Abstract]    
Property, plant and equipment

6. Property, plant and equipment

 

Property and equipment, stated at cost less accumulated depreciation and amortization, consisted of the following:

 

   December 31, 2023   June 30, 2024   June 30, 2024 
   SGD   SGD   USD 
Building and land   5,119,699    5,119,699    3,788,577 
Furniture and fixtures   4,053    4,053    2,999 
Motor vehicles   602,111    572,434    423,601 
Electronic equipment   182,800    182,800    135,272 
Machinery   33,993    33,993    25,155 
Renovation   47,360    47,360    35,046 
Forklift   69,000    69,000    51,060 
Subtotal   6,059,016    6,029,339    4,461,710 
Less: accumulated depreciation and amortization   (2,366,667)   (2,350,013)   (1,739,009)
Property and Equipment, net   3,692,349    3,679,326    2,722,701 

 

Depreciation expenses of property and equipment totaled SGD 81,157 and SGD 83,195 (USD 61,564) for the six months ended June 30, 2023 and June 30, 2024, respectively.

 

6. Property, plant and equipment

 

Property and equipment, stated at cost less accumulated depreciation and amortization, consisted of the following at December 31:

 

   2022   2023   2023 
   SGD   SGD   USD 
Building and land   5,119,699    5,119,699    3,788,577 
Furniture and fixtures   4,053    4,053    2,999 
Motor vehicles   602,110    602,111    445,562 
Electronic equipment   179,543    182,800    135,272 
Machinery   33,993    33,993    25,155 
Renovation   47,360    47,360    35,046 
Forklift   69,000    69,000    51,060 
Subtotal   6,055,758    6,059,016    4,483,671 
Less: accumulated depreciation and amortization   (2,204,955)   (2,366,667)   (1,751,333)
Property and Equipment, net   3,850,803    3,692,349    2,732,338 

 

Depreciation expenses of property and equipment totaled SGD146,709 and SGD161,712(USD 119,667) for the years ended December 31, 2022 and 2023, respectively.