| RELATED PARTY TRANSACTIONS |
NOTE－16
RELATED PARTY TRANSACTIONS
In
the ordinary course of business, during the six- month period ended December 31, 2023 and 2024, our Company was involved in certain
transactions, either at cost or current market prices, and on the normal commercial terms with related parties. The following table provides
the transactions with these parties for the period as presented (for the portion of such period that they were considered related):
SCHEDULE OF RELATED PARTY TRANSACTIONS
| Nature of transactions | |
2024 | | |
2024 | |
| | |
As of
June 30, | | |
As of
December 31, | |
| Nature of transactions | |
2024 | | |
2024 | |
| | |
S$ | | |
S$ | |
| | |
| | |
(unaudited) | |
| Premium
Rich Engineering Pte. Ltd.(1) | |
| | | |
| | |
| Amount due from you (non-trade) (1) | |
| - | | |
| 30,283 | |
| Amount due to you (non-trade) (1) | |
| 40,602 | | |
| - | |
| Advance paid from you (trade)
(1) | |
| 15,565 | | |
| - | |
| | |
| | | |
| | |
| LRS-Premium
Pte. Ltd. (2) | |
| | | |
| | |
| Amount due to you (non-trade) (2) | |
| 813,724 | | |
| 1,215,169 | |
| Deposit paid
(2) | |
| - | | |
| 778,000 | |
| | |
| | | |
| | |
| Hing
Fatt Building & Material Pte. Ltd. (3) | |
| | | |
| | |
| Amount due from you (trade) (3) | |
| 31,975 | | |
| - | |
| Amount due to you (non-trade) (3) | |
| - | | |
| 19,980 | |
| | |
| | | |
| | |
| Team
General Construction Pte. Ltd. (4) | |
| | | |
| | |
| Amount due from you (trade) (4) | |
| 39,502 | | |
| - | |
| Nature of transactions | |
2023 | | |
2024 | |
| | |
For
the six-month period ended December 31, | |
| Nature of transactions | |
2023 | | |
2024 | |
| | |
S$ | | |
S$ | |
| | |
(unaudited) | | |
(unaudited) | |
| Premium
Rich Engineering Pte. Ltd.(1) | |
| | | |
| | |
| Sales during the period (1) | |
| 117,679 | | |
| 96,758 | |
| Direct cost charged by you (1) | |
| | | |
| 47,931 | |
| | |
| | | |
| | |
| LRS-Premium
Pte. Ltd. (2) | |
| | | |
| | |
| Rental charged by you (2) | |
| 574,998 | | |
| 574,998 | |
| Expense charged by you (2) | |
| 172,168 | | |
| 256,371 | |
| | |
| | | |
| | |
| Hing
Fatt Building & Material Pte. Ltd. (3) | |
| | | |
| | |
| Sales during the period (3) | |
| 27,186 | | |
| 27,851 | |
| Rental charged to you (3) | |
| 1,350 | | |
| - | |
| Expense charged to you (3) | |
| 90 | | |
| 10,842 | |
| | |
| | | |
| | |
| Team
General Construction Pte. Ltd. (4) | |
| | | |
| | |
| Sales during the period (4) | |
| 58,910 | | |
| 52,501 | |
| Rental income charged to you (4) | |
| - | | |
| 132,000 | |
| (1) | 100% shares
held by our Company’s Chief Executive Officer, Mr Gao |
| (2) | 60% shares held
by Mr Gao |
| (3) | 100% shares
held by Mr Gao |
| (4) | 60% shares held
by our Company’s Chief Executive Officer, Mr Gao via Premium Rich Engineering Pte. Ltd. |
Apart
from the transactions and balances detailed elsewhere in these accompanying financial statements, our Company has no other significant
or material related party transactions during the years presented.
|