v3.25.2
DISAGGREGATION OF REVENUE
12 Months Ended
Dec. 31, 2024
Revenue from Contract with Customer [Abstract]  
DISAGGREGATION OF REVENUE

NOTE - 3 DISAGGREGATION OF REVENUE

 

The following tables present the Company’s revenue disaggregated by business segment and geography, based on management’s assessment of available data:

 

   2023   2024 
   Year ended December 31, 
   2023   2024 
   S$’000   S$’000 
Revenue recognition at a single point in time:          
Sales of heavy equipment and parts   56,449    45,763 
Engineering consultancy service income   7,032    2,190 
Revenue recognition   63,481    47,953 
Revenue recognition over time:          
Rental income   9,301    10,543 
           
Total revenue    72,782    58,496 

 

In accordance with ASC 280, Segment Reporting (“ASC 280”), we have only one reportable geographic segment. Sales are based on the countries in which the customer is located. Summarized financial information concerning our geographic segments is shown in the following tables:

 

   2023   2024 
   Year ended December 31, 
   2023   2024 
   S$’000   S$’000 
         
Singapore   69,735    54,836 
           
Other countries   3,047    3,660 
           
Total revenue   72,782    58,496