| Accounts receivable, net |
Note 5 – Accounts receivable, net
Accounts receivable, net consist of the following:
| | |
December 31,
2023 | | |
December 31,
2024 | | |
December 31,
2025 | | |
December 31,
2025 | |
| | |
SGD | | |
SGD | | |
SGD | | |
USD | |
| Accounts receivable | |
| 590,691 | | |
| 574,536 | | |
| 832,933 | | |
| 647,744 | |
| Less: Allowance for expected credit losses | |
| (9,802 | ) | |
| (60,360 | ) | |
| (94,515 | ) | |
| (73,501 | ) |
| Total accounts receivable, net | |
| 580,889 | | |
| 514,176 | | |
| 738,418 | | |
| 574,243 | |
Movements of allowance for expected credit losses
accounts are as follows:
| | |
December 31,
2023 | | |
December 31,
2024 | | |
December 31,
2025 | | |
December 31,
2025 | |
| | |
SGD | | |
SGD | | |
SGD | | |
USD | |
| | |
| | |
| | |
| | |
| |
| Allowance for expected credit losses, beginning balance | |
| 9,102 | | |
| 9,802 | | |
| 60,360 | | |
| 46,940 | |
| Addition | |
| 7,619 | | |
| 50,948 | | |
| 34,155 | | |
| 26,561 | |
| Write-off | |
| (6,919 | ) | |
| (390 | ) | |
| - | | |
| - | |
| Allowance for expected credit losses, ending balance | |
| 9,802 | | |
| 60,360 | | |
| 94,515 | | |
| 73,501 | |
As of the
end of each of the financial year, the aging analysis of accounts receivable, net of allowance for expected credit losses accounts,
based on the invoice date is as follows:
| | |
December 31,
2023 | | |
December 31,
2024 | | |
December 31,
2025 | | |
December 31,
2025 | |
| | |
SGD | | |
SGD | | |
SGD | | |
USD | |
| Within 30 days | |
| 521,337 | | |
| 427,346 | | |
| 128,767 | | |
| 100,139 | |
| Between 31 and 60 days | |
| 5,698 | | |
| 45,916 | | |
| 489,083 | | |
| 380,343 | |
| Between 61 and 90 days | |
| 10,405 | | |
| 10,563 | | |
| 25,205 | | |
| 19,601 | |
| More than 90 days | |
| 43,449 | | |
| 30,351 | | |
| 95,363 | | |
| 74,160 | |
| Total accounts receivable, net | |
| 580,889 | | |
| 514,176 | | |
| 738,418 | | |
| 574,243 | |
|