11.
CONTRACT LIABILITIES
Contract
liabilities primarily relate to advance consideration received from customers.
Movement
in contract liabilities:
SCHEDULE OF MOVEMENT IN CONTRACT LIABILITIES
| | |
December 31, 2025 | | |
June 30, 2026 | | |
June 30, 2026 | |
| | |
SGD’000 | | |
SGD’000 | | |
USD’000 | |
| Balance at beginning of the year/period | |
| 6,660 | | |
| 5,815 | | |
| 4,493 | |
| Decrease in contract liabilities as a result of recognizing revenue during the year/period that was included in the contract liabilities at the beginning of the year/period | |
| (6,621 | ) | |
| (1,895 | ) | |
| (1,464 | ) |
| Increase in contract liabilities as a result of receiving forward sales deposits and instalments during the year/period in respect of machines still under production | |
| 5,776 | | |
| 6,812 | | |
| 5,264 | |
| | |
| | | |
| | | |
| | |
| Balance at end of the year/period | |
| 5,815 | | |
| 10,732 | | |
| 8,293 | |
|