v3.26.1
Right-of-use assets and lease liabilities
12 Months Ended
Dec. 31, 2025
Right-of-use Assets And Lease Liabilities  
Right-of-use assets and lease liabilities

8 Right-of-use assets and lease liabilities

 

As of December 31, 2025, the Company subsisted of the following non-cancellable lease contracts.

 

Description of lease   Lease term
Motor vehicles   7 to 8 years
Corporate office premises   3 years

 

 

SIMPPLE LTD. AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

8 Right-of-use assets and lease liabilities (cont’d)

 

(a) Amount recognized in the consolidated balance sheet:

 

         2025 
   As of December 31, 
   2024   2025   2025 
   S$   S$   US$ 
             
Right-of-use assets   136,970    716,507    557,203 
Lease liabilities               
Current   85,582    260,331    202,450 
Non-current   13,294    427,418    332,388 
Total lease liabilities   98,876    687,749    534,838 

 

(b) A summary of lease cost recognized in the Company’s consolidated statements of income is as follows:

 

         2025 
   For the years ended December 31, 
   2024   2025   2025 
   S$   S$   US$ 
             
Amortization charge of right-of-use assets   91,480    167,001    129,871 
Interest of lease liabilities   11,208    2,919    2,270