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PROPERTY, PLANT AND EQUIPMENT, NET
 12 Months Ended
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:

 

 

           
   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).