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RIGHT-OF-USE (“ROU”) ASSETS AND LEASE PAYABLE | 12 Months Ended
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Dec. 31, 2022
Right-of-use Rou Assets And Lease Payable |
RIGHT-OF-USE (“ROU”) ASSETS AND LEASE PAYABLE | 7. RIGHT-OF-USE (“ROU”) ASSETS AND LEASE PAYABLE The right-of-use assets relate to leases of industrial lands in Singapore and certain plant and machinery and motor vehicles under a number of leases. The Group recognized operating lease ROU assets and lease liabilities as follows: SCHEDULE OF RIGHT OF USE ASSETS AND LIABILITIES
|  | December 31, 2021 |  |  | December 31, 2022 |
|  | SGD’000 |  |  | SGD’000 |
Operating lease ROU asset |  |  | 1,180 |  |  |  | 1,448 |
|  | December 31, 2021 |  |  | December 31, 2022 |
|  | SGD’000 |  |  | SGD’000 |
Operating lease liabilities |  |  |  |  |  |  |  |
Current portion |  |  | 158 |  |  |  | 280 |
Non-current portion |  |  | 1,395 |  |  |  | 1,406 |
Total |  |  | 1,553 |  |  |  | 1,686 |
The operating lease ROU asset with carrying amount of SGD676,000 and SGD322,000 are pledged with a bank to secure bank loans (Note 9) as of December 31, 2022 and 2021, respectively. As of December 31, 2022, future minimum lease payments under the non-cancelable operating leases are as follows: SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS UNDER NON-CANCELABLE OPERATING LEASES
Future payment |  | SGD’000 |
2023 |  |  | 280 |
2024 |  |  | 278 |
2025 |  |  | 266 |
2026 |  |  | 158 |
2027 |  |  | 95 |
Thereafter |  |  | 609 |
Total |  |  | 1,686 |
The following summarizes other supplemental information about the Company’s operating lease as of December 31, 2022: SCHEDULE OF OTHER SUPPLEMENTAL INFORMATION ABOUT THE COMPANY’S OPERATING LEASE
Weighted average discount rate |  |  | 4.45 | %
Weighted average remaining lease term (years) |  |  | 14 |

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