| Schedule of Consideration for the Acquisition was Satisfied Through the Capitalization and Settlement of Outstanding Intercompany Debts |
The following table summarizes the consideration
for the acquisition was satisfied through the capitalization and settlement of outstanding intercompany debts owed by Ohmyhome Property
Inc. to the Group:
| | |
January 23,
2025 | |
| | |
SGD | |
| Consideration | |
| |
| Settlement of USD-denominated debt | |
| 2,820,354 | |
| Settlement of SGD-denominated debt | |
| 655,044 | |
| Fair value of total consideration transferred | |
| 3,475,398 | |
| | |
SGD | |
| ASSETS | |
| |
| Cash and bank balances | |
| 34,858 | |
| Accounts receivable | |
| 3,440 | |
| Other receivables | |
| 99,082 | |
| Fixed Assets | |
| 45,911 | |
| Other non-current assets | |
| 33,789 | |
| Total assets | |
| 217,080 | |
| | |
| | |
| LIABILITIES | |
| | |
| Total Current Liabilities | |
| 25,170 | |
| Total Non-current Liabilities | |
| 123,520 | |
| Total liabilities | |
| 148,690 | |
| | |
| | |
| Total identifiable net assets | |
| 68,390 | |
| | |
| | |
| Goodwill | |
| 3,407,008 | |
| Fair value of total consideration transferred | |
| 3,475,398 | |
| | |
October 6,
2023 | |
| | |
SGD | |
| Consideration | |
| |
| Cash | |
| 513,600 | |
| Equity instruments | |
| 750,000 | |
| Consideration payables | |
| 3,239,193 | |
| Fair value of total consideration transferred | |
| 4,502,793 | |
| | |
SGD | |
| ASSETS | |
| |
| Cash and bank balances | |
| 204,289 | |
| Accounts receivable | |
| 190,283 | |
| Prepayments | |
| 12,926 | |
| Deposits | |
| 16,160 | |
| Property and equipment, net | |
| 27,845 | |
| Intangible assets | |
| 271,693 | |
| Operating lease right-of-use assets, net | |
| 14,817 | |
| Other assets | |
| 43,235 | |
| Total assets | |
| 781,248 | |
| | |
| | |
| LIABILITIES | |
| | |
| Accounts payable | |
| 86,798 | |
| Accrued liabilities and other payables | |
| 242,604 | |
| Bank loans, current portion | |
| 43,413 | |
| Operating lease obligation, current | |
| 15,241 | |
| Bank loans, non-current portion | |
| 47,903 | |
| Total liabilities | |
| 435,959 | |
| | |
| | |
| Total identifiable net assets | |
| 345,289 | |
| | |
| | |
| Intangible asset (customer relationship) | |
| 1,944,044 | |
| Goodwill | |
| 2,213,460 | |
| Fair value of total consideration transferred | |
| 4,502,793 | |
|