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RIGHT-OF-USE (“ROU”) ASSETS AND LEASE PAYABLE (Tables)
 12 Months Ended
Dec. 31, 2022
Right-of-use Rou Assets And Lease Payable  
SCHEDULE OF RIGHT OF USE ASSETS AND LIABILITIES

The Group recognized operating lease ROU assets and lease liabilities as follows:

 

           
   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 
SCHEDULE OF FUTURE MINIMUM LEASE PAYMENTS UNDER NON-CANCELABLE OPERATING LEASES

As of December 31, 2022, future minimum lease payments under the non-cancelable operating leases are as follows:

 

 

Future payment  SGD’000 
2023   280 
2024   278 
2025   266 
2026   158 
2027   95 
Thereafter   609 
 Total   1,686 
SCHEDULE OF OTHER SUPPLEMENTAL INFORMATION ABOUT THE COMPANY’S OPERATING LEASE

The following summarizes other supplemental information about the Company’s operating lease as of December 31, 2022:

 

 

Weighted average discount rate   4.45 %
Weighted average remaining lease term (years)   14