| Related party transactions and balances |
11 Related party transactions and balances
The
table below sets forth the major related parties and their relationships with the Company as of December 31, 2025 and June 30, 2026:
Schedule of related parties and their relationships
| Name
of related parties |
|
Relationship
with the Company |
| Mains
D’ Or Investments Ltd |
|
A
company controlled by the Company’s controlling shareholder |
| WIS
Holdings Pte Ltd |
|
A
common shareholder of Mains D’Or Investments Ltd |
| Campaign
Complete Solutions Pte Ltd |
|
Subsidiary
of WIS Holdings Pte Ltd |
| Weishen
Industrial Services Pte Ltd |
|
Subsidiary
of WIS Holdings Pte Ltd |
| WIS
ICT Pte Ltd |
|
A
common shareholder of Mains D’Or Investments Ltd |
| IFSC
Founders |
|
Subsidiary
of Mains D’Or Investments Ltd |
| Pat
Kah Kit Daryl |
|
Executive
Officer |
| Soo
Qikai |
|
Executive
Officer |
| Poo
Chong Hee |
|
Person
significant influence |
| James
Yataras |
|
Country
Head, Australia |
| i) | Significant
transactions with related parties were as follows: |
Schedule of related parties transactions
| | |
| 2025 | | |
| 2026 | | |
| 2026 | |
| | |
For the six months ended June 30, | |
| | |
| 2025 | | |
| 2026 | | |
| 2026 | |
| | |
| S$ | | |
| S$ | | |
| US$ | |
| | |
| | | |
| | | |
| | |
| Sales1 to Campaign Complete Solutions Pte Ltd | |
| - | | |
| 7,790 | | |
| 6,020 | |
| Sales2 to Weishen Industrial Services Pte Ltd | |
| 286,718 | | |
| 182,345 | | |
| 140,905 | |
| |
| | | |
| | | |
| | |
| Borrowing from related parties | |
| 112,000 | | |
| | | |
| - | |
| Repayment to related parties-Poo Chong Hee | |
| - | | |
| (112,000 | ) | |
| (86,547 | ) |
| Loans made to a related party-Poo Chong Hee | |
| - | | |
| (288,803 | ) | |
| (223,169 | ) |
| ii) | Significant
balances with related parties were as follows: |
| | |
As of
December 31, 2025 | | |
As of June 30, 2026 | | |
As of June 30, 2026 | |
| | |
| S$ | | |
| S$ | | |
| US$ | |
| | |
| | | |
| | | |
| | |
| Account receivable - related parties | |
| | | |
| | | |
| | |
| Weishen Industrial Services Pte Ltd | |
| 46,879 | | |
| 113,957 | | |
| 88,059 | |
| IFSC Founders | |
| 2,305 | | |
| 2,305 | | |
| 1,781 | |
| Account receivable - related
partiess | |
| 2,305 | | |
| 2,305 | | |
| 1,781 | |
| 1 |
Sales
comprise sales of robots of S$2,030
(2025: S$nil)
and software revenue of S$5,760
(2025: S$nil). |
| 2 |
Sales
comprise sales of robots of S$14,547
(2025: S$33,506)
and software revenue of S$167,798
(2025: S$253,212). |
SIMPPLE
LTD. AND ITS SUBSIDIARIES
NOTES
TO UNAUDITED INTERIM CONDENSED CONSOLIDATED
FINANCIAL
STATEMENTS
11 Related party transactions and balances (cont’d)
| i) | Significant
balances with related parties were as follows (cont’d): |
| | |
As of
December 31, 2025 | | |
As of June 30, 2026 | | |
As of June 30, 2026 | |
| | |
S$ | | |
S$ | | |
US$ | |
| | |
| | |
| | |
| |
| Contract liabilities - related parties | |
| | | |
| | | |
| | |
| Campaign Complete Solutions Pte Ltd | |
| (2,100 | ) | |
| (7,709 | ) | |
| (5,957 | ) |
| Weishen Industrial Services Pte Ltd | |
| (72,453 | ) | |
| (134,901 | ) | |
| (104,243 | ) |
| Contract liabilities - related parties | |
| (72,453 | ) | |
| (134,901 | ) | |
| (104,243 | ) |
| Due from related parties | |
| | |
| | |
| |
| Poo Chong Hee | |
| - | | |
| 288,803 | | |
| 223,169 | |
| | |
| | | |
| | | |
| | |
Due to
related parties | |
| | | |
| | | |
| | |
Poo
Chong Hee | |
| (112,000 | ) | |
| | | |
| | |
Due
to related parties | |
| (112,000 | ) | |
| | | |
| | |
| | |
| | | |
| | | |
| | |
| Account payable - related parties | |
| | | |
| | | |
| | |
| Weishen Industrial Services Pte Ltd | |
| (2,017 | ) | |
| - | | |
| - | |
| Account payable - related parties | |
| (2,017 | ) | |
| - | | |
| - | |
| | |
| | | |
| | | |
| | |
| Other payable - related parties | |
| | | |
| | | |
| | |
| WIS Holdings Pte Ltd | |
| (388,939 | ) | |
| (388,939 | ) | |
| (300,548 | ) |
| Other payable - related party
| |
| (24,200 | ) | |
| - | | |
| - | |
| | |
| | | |
| | | |
| | |
| Accruals and other current liabilities | |
| - | | |
| - | | |
| - | |
| Salary payable - related party
| |
| (10,777 | ) | |
| - | | |
| - | |
|