| RELATED PARTIES |
| |
i) |
Transactions with key management personnel |
| |
a) |
Key management personnel compensation |
Compensation to
Directors and executive officers of the Group comprised the following:
| | |
For the six months ended
June 30, | |
| | |
2026
(Unaudited) | | |
2025
(Unaudited) | |
| | |
$ | | |
$ | |
| Short-term employee benefits | |
| 716,247 | | |
| 251,410 | |
| |
b) |
Key management personnel transactions |
The aggregate value of transactions and
outstanding balances related to key management personnel and entities over which they have control or significant influence were as follows.
| | |
Transaction values for the six months ended, | | |
Balance outstanding as of | |
| | |
June 30, | | |
June 30, | | |
June 30, | | |
December 31, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
(Unaudited) | | |
(Unaudited) | | |
(Unaudited) | | |
| |
| | |
$ | | |
$ | | |
$ | | |
$ | |
| Loan to/(repayment from) a shareholder | |
| 541,269 | | |
| (1,514,364 | ) | |
| 327,954 | | |
| (245,962 | ) |
| Payment made on behalf of a shareholder by the Company/(payment made on behalf of the Company by a shareholder and amount due to a shareholder) | |
| 246,079 | | |
| (4,295 | ) | |
| - | | |
| (245,111 | ) |
As of June 30, 2026, the Company had
a net amount due from a shareholder of $327,954. Subsequently the shareholder has been fully repaid on September 24, 2026. | | ii) | Other related party transactions |
| | |
Transaction values for the six months ended | | |
Balance outstanding as at | |
| | |
June 30, | | |
June 30, | | |
June 30, | | |
| |
| | |
2026 | | |
2025 | | |
2026 | | |
December 31, | |
| | |
(Unaudited) | | |
(Unaudited) | | |
(Unaudited) | | |
2025 | |
| | |
$ | | |
$ | | |
$ | | |
$ | |
| Loan to a director of a subsidiary and a minor shareholder of the Company* | |
| 2,767,916 | | |
| - | | |
| 2,767,916 | | |
| - | |
| Prepayment to a related party | |
| 546,559 | | |
| 89,446 | | |
| 802,434 | | |
| 380,433 | |
| Upkeeping and maintenance service provided by a related party and payable to a related party | |
| 179,827 | | |
| - | | |
| (151,640 | ) | |
| - | |
| Payment made on behalf by the Company of a related party | |
| 246,357 | | |
| 34,837 | | |
| 141,052 | | |
| 114,004 | |
| Landscape crew outsourcing service provided to a related party and receivable from a related party | |
| 2,691 | | |
| 24,144 | | |
| 4,750 | | |
| 5,775 | |
| Outdoor landscape service provided by a related party and payable to a related party | |
| 14,386 | | |
| (211 | ) | |
| (14,216 | ) | |
| (11,934 | ) |
| Back charged lease payment to a related party | |
| 8,590 | | |
| - | | |
| 9,904 | | |
| 1,425 | |
| Payment made on behalf by a related party of the Company | |
| 24,124 | | |
| - | | |
| (23,840 | ) | |
| - | |
| * | The
balance represents a loan to a director and shareholder of a subsidiary who is also a minor shareholder of the Company, amounting to
S$3,582,514 ($2,767,916), which is interest-bearing at 7% per annum, granted on June 9, 2026 and repayable in a lump sum at the end of
the one-year loan period. |
|