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DEFERRED TAX ASSETS/ LIABILITIES
 12 Months Ended
Dec. 31, 2025
Deferred Tax Assets Liabilities  
DEFERRED TAX ASSETS/ LIABILITIES

14. DEFERRED TAX ASSETS/ LIABILITIES

 

 

             
   December 31, 
   2024   2025   2025 
   SGD’000   SGD’000   US$’000 
Deferred tax assets   74    74    58 
Deferred tax liabilities   (100)   (67)   (52)
    (26)   7    6 

 

Following are the major deferred tax assets and liabilities derived from Singapore entities, recognized by the Company:

 

   Property, plant, and equipment   Provisions   Tax losses   Total 
   SGD’000   SGD’000   SGD’000   SGD’000 
                 
As of January 1, 2023   36         5    25    66 
Recognized in statements of income   33    -    (25)   8 
As of December 31, 2023   69    5    -    74 
Recognized in statements of income   (100)   -    -    (100)
As of December 31, 2024   (31)   5    -    (26)
Recognized in statements of income   33    -    -    33 
As of December 31, 2025   2    5    -    7