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PROPERTY, PLANT AND EQUIPMENT, NET | 12 Months Ended
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Dec. 31, 2022
Property, Plant and Equipment [Abstract] |
PROPERTY, PLANT AND EQUIPMENT, NET | 6. PROPERTY, PLANT AND EQUIPMENT, NET Property, plant and equipment, net, consists of the following: SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT
|  | December 31, |
|  | 2021 |  |  | 2022 |
|  | SGD’000 |  |  | SGD’000 |
Leasehold buildings |  |  | 7,523 |  |  |  | 7,523 |
Right-of-use assets |  |  | 2,328 |  |  |  | 2,603 |
Plant and machinery |  |  | 5,585 |  |  |  | 5,707 |
Furniture and fittings |  |  | 3,101 |  |  |  | 3,147 |
Subtotal |  |  | 18,537 |  |  |  | 18,980 |
Less: accumulated depreciation |  |  | (9,556 | ) |  |  | (10,162 | )
Property, plant and equipment, net |  |  | 8,981 |  |  |  | 8,818 |
Depreciation expense was approximately SGD$672 thousand, SGD$ 614 thousand and SGD$ 769 thousand for the years ended December 31, 2022, 2021 and 2020, respectively. Leasehold buildings are pledged with a bank to secure bank loans (Note 9).

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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://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 6 -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99893-112916 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 360 -URI https://asc.fasb.org/topic&trid=2155823 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 7 -URI https://asc.fasb.org/extlink&oid=126982197&loc=SL120174063-112916 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 958 -SubTopic 360 -Section 50 -Paragraph 1 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126982197&loc=d3e99779-112916 + Details
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