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ACCOUNTS RECEIVABLE, NET
 12 Months Ended
Dec. 31, 2022
Credit Loss [Abstract]  
ACCOUNTS RECEIVABLE, NET

3. ACCOUNTS RECEIVABLE, NET

 

Accounts receivable, net, consists of the following:

   2021   2022 
   December 31, 
   2021   2022 
   SGD’000   SGD’000 
Accounts receivable   3,254    5,669 
Less: allowance for doubtful accounts   (34)   (34)
Accounts receivable, net   3,220    5,635 

 

The movements in the allowance for doubtful accounts for the years ended December 31, 2021 and 2022 were as follows:

   2021   2022 
   SGD’000   SGD’000 
Balance at beginning of the year   82    34 
Additions   -    - 
Reversal   (48)   - 
Exchange effect   -    - 
Balance at end of the year   34    34 

 

As of the end of each of the financial year, the ageing analysis of accounts receivable, net of allowance for doubtful accounts, based on the invoice date is as follows:

 

   2021   2022 
   December 31, 
   2021   2022 
   SGD’000   SGD’000 
Within 30 days   1,511    3,094 
Between 31 and 60 days   587    1,683 
Between 61 and 90 days   282    270 
More than 90 days   840    588 
Accounts receivable, net   3,220    5,635