v3.26.1
Financial risk management and fair values of financial instruments (Tables)
 12 Months Ended
Dec. 31, 2025
Notes and other explanatory information [abstract]  
Schedule of financial risk management

The table below details the credit quality of the Group’s financial assets, as well as maximum exposure to credit risk by credit risk rating categories:

 

Schedule of financial risk management

   Note Category 

12-month or lifetime

ECL

 

Gross carrying

amount

   Loss allowance  

Net carrying

amount

 
         S$   S$   S$ 
                   
December 31, 2025                     
Trade receivables  Note 1  Lifetime ECL   184,206    (8,392)   175,814 
Other receivables (exclude prepayments)     12-month ECL   5,533    -    5,533 
                      
Contract assets  Note 1  12-month ECL   2,286    -    2,286 
               (8,392)     
December 31, 2024                     
Trade receivables  Note 1  Lifetime ECL   43,449    (4,357)   39,092 
Other receivables (exclude prepayments and GST receivables)     12-month ECL   39,247    -    39,247 
                      
Contract assets  Note 1  12-month ECL   10,642    -    10,642 
               (4,357)     
Schedule of credit risk

 Schedule of credit risk

         Loss allowance  
   Expected   Gross     
   loss   carrying   Loss 
   rate   amount   allowance 
   %   S$   S$ 
December 31, 2025               
Current (not past due)   0%   145,483    - 
1-30 days past due   0%   12,384    - 
31-60 days past due   0%   3,052    - 
61-90 days past due   36%   23,287    8,392 
                
Credit Risk        184,206    8,392 

 

   Expected   Gross     
   loss   carrying   Loss 
   rate   amount   allowance 
   %   S$   S$ 
December 31, 2024               
Current (not past due)   0%   8,277    - 
1-30 days past due   0%   15,834    - 
31-60 days past due   0%   824    - 
More than 90 days past due   63%   18,514    4,357 
                
Credit Risk        43,449    4,357 
Schedule of loss allowance  
Schedule of revenue from customers

Revenue from customers contributing over 10% of the total revenue of the Group is as follows:

 

Schedule of revenue from customers

   2025   2024   2023 
   S$   S$   S$ 
             
Customer A   -    -    943,683 
Customer B   -    238,000    500,000 
Customer C   165,423    -    - 
Customer D   -    -    500,000 
Customer E   -*    813,551    -* 
Customer F   -    407,171    - 
Customer G   102,000    -    - 
Customer H   95,342    -    - 
Customer I   85,064    -    - 
                
Revenue from customers    447,829    1,458,722    1,943,683 

 

*This customer does not contribute more than 10% of the Group’s total revenue during the year.
Schedule of liquidity risk

Schedule of liquidity risk

   On demand             
   or less than   1 to 5       Carrying 
   one year   years   Total   amount 
   S$   S$   S$   S$ 
December 31, 2025                    
Trade and other payables (exclude GST payables)   472,230    -    472,230    472,230 
Lease liabilities   22,699    24,059    46,758    43,159 
                     
Non-derivative financial liabilities   494,929    24,059    518,988    515,389 

 

   On demand             
   or less than   1 to 5       Carrying 
   one year   years   Total   amount 
   S$   S$   S$   S$ 
December 31, 2024                    
Trade and other payables   626,008    -    626,008    626,008 
Loan from a shareholder   346,746    -    346,746    337,566 
Lease liabilities   6,543    -    6,543    6,500 
                     
Non-derivative financial liabilities   979,297    -    979,297    970,074 
Schedule of foreign currency risk

The Group’s currency exposures to the USD at the reporting date were as follows:

 

Schedule of foreign currency risk

   USD 
   S$ 
December 31, 2025     
Trade and other receivables   40,086 
Cash and cash equivalents   8,396,552 
Trade and other payables   (134,275)
      
Overall net exposure   8,302,363 

 

 

BELIVE HOLDINGS AND ITS SUBSIDIARY

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

For the financial year ended December 31, 2024, 2023 and 2022

(in Singapore Dollars)

 

21. Financial risk management and fair values of financial instruments (continued)

 

(a) Financial risk management (continued)

 

  (iii) Market risk (continued)

 

  (ii) Foreign currency risk (continued)

 

   USD 
   S$ 
December 31, 2024     
Trade and other receivables   32,002 
Cash and cash equivalents   24,312 
Trade and other payables   (53,266)
      
Overall net exposure   3,048 
Schedule of foreign currency

Schedule of foreign currency

   Profit or loss (before tax) 
   2025   2024 
   S$   S$ 
           
United States Dollar   (332,059)   (121)