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CONTRACT LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2022

Contract Liabilities

SCHEDULE OF MOVEMENT IN CONTRACT LIABILITIES

Movement in contract liabilities:

SCHEDULE OF MOVEMENT IN CONTRACT LIABILITIES

		2021				2022
		SGD’000				SGD’000
As of January 1,			-				-
Decrease in contract liabilities as a result of recognizing revenue during the year that was included in the contract liabilities at the beginning of the year			-				-
Increase in contract liabilities as a result of receiving forward sales deposits and instalments during the year in respect of machines still under production			-				4,319
As of December 31,			-				4,319

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- References

No definition available.

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- Definition

Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability.

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 606
-SubTopic 10
-Section 50
-Paragraph 10
-URI https://asc.fasb.org/extlink&oid=126920106&loc=SL49130551-203045

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