XML 122 R12.htm IDEA: XBRL DOCUMENT
v3.24.4

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: Schedule of Property, Plant and Equipment
|  | 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: Schedule of Property, Plant and Equipment
|  | 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.

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- Definition The entire disclosure for long-lived, physical asset used in normal conduct of business and not intended for resale. Includes, but is not limited to, work of art, historical treasure, and similar asset classified as collections. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 6 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-6 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-1 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Name Accounting Standards Codification -Section 50 -Paragraph 7 -SubTopic 360 -Topic 958 -Publisher FASB -URI https://asc.fasb.org/1943274/2147477798/958-360-50-7 + Details
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