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Investment under equity method

6 Months Ended

12 Months Ended

Jun. 30, 2024

Dec. 31, 2023

Equity Method Investments and Joint Ventures [Abstract]

Investment under equity method

7. Investment under equity method

Components of investment under equity method are as follows:

 Schedule of Investment Under Equity Method

		December 31, 2023				June 30, 2024				June 30, 2024
		SGD				SGD				USD
Cost of investment in joint venture			101,000				101,000				74,740
Accumulated share of losses in joint venture			(101,000	)			(101,000	)			(74,740	)
Total			-				-				-

7. Investment under equity method

Components of investment under equity method are as follows at December 31:

 Schedule of Investment Under Equity Method

		2022				2023				2023
		SGD				SGD				USD
Cost of investment in joint venture			101,000				101,000				74,740
Accumulated share of losses in joint venture			(101,000	)			(101,000	)			(74,740	)
Total			-				-				-

FBS GLOBAL LIMITED

Notes to Consolidated Financial Statements

X

- References

No definition available.

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- Definition

The entire disclosure for equity method investments and joint ventures. Equity method investments are investments that give the investor the ability to exercise significant influence over the operating and financial policies of an investee. Joint ventures are entities owned and operated by a small group of businesses as a separate and specific business or project for the mutual benefit of the members of the group.

+ References

Reference 1: http://www.xbrl.org/2003/role/recommendedDisclosureRef
-Topic 740
-SubTopic 323
-Name Accounting Standards Codification
-Section 50
-Paragraph 2
-Subparagraph (f)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478156/740-323-50-2

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (a)(3)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 3: http://www.xbrl.org/2003/role/disclosureRef
-Topic 323
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
-Paragraph 3
-Subparagraph (d)
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147481687/323-10-50-3

Reference 4: http://www.xbrl.org/2003/role/disclosureRef
-Name Accounting Standards Codification
-Topic 323
-Publisher FASB
-URI https://asc.fasb.org/323/tableOfContent

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