13 Bank loans
The
bank loans as of December 31, 2025 and June 30, 2026 are set out below:
Schedule of short-term bank loan
2025
| Bank loans | |
Currency | |
Period | |
Interest | |
Carrying amount (S$) | | |
Carrying
amount (US$) | |
| Secured variable rate bank loan1 | |
SGD | |
2025 - 2026 | |
1.75% + 3 months compounded SORA per annum on monthly rests | |
| 750,000 | | |
| 583,249 | |
| | |
| |
| |
| |
| 750,000 | | |
| 583,249 | |
SIMPPLE
LTD. AND ITS SUBSIDIARIES
NOTES
TO UNAUDITED INTERIM CONDENSED CONSOLIDATED
FINANCIAL
STATEMENTS
13 Bank loans (cont’d)
The
bank loans as of December 31, 2025 and June 30, 2026 are set out below (cont’d):
2026
| Bank loans | |
Currency | |
Period | |
Interest | |
Carrying amount (S$) | | |
Carrying
amount (US$) | |
| Secured variable rate bank loan1 | |
SGD | |
2025 - 2026 | |
1.75% + 3 months compounded SORA per annum on monthly rests | |
| 750,000 | | |
| 579,553 | |
| Invoice Financing | |
SGD | |
2026 - 2026 | |
0.25% + 1 month
compounded SORA per annum on monthly rests | |
| 524,311 | | |
| 405,155 | |
| | |
| |
| |
| |
| 1,274,311 | | |
| 984,708 | |
| 1 |
The
secured variable-rate bank loan is secured by a fixed deposit of S$1,000,000, included in restricted cash. |
Schedule
of bank loans
December 31, 2025 (All amounts in S$)
| Bank loans | |
Carrying amount | | |
Within six
months | | |
2026 | | |
2027 | | |
2028 | | |
2029 | | |
Thereafter | |
| Secured variable rate bank loan | |
| 750,000 | | |
| - | | |
| 750,000 | | |
| - | | |
| - | | |
| - | | |
| - | |
June
30, 2026 (All amounts in S$)
| Bank loans | |
Carrying amount | | |
Within six
months | | |
2027 | | |
2028 | | |
2029 | | |
2030 | | |
Thereafter | |
| Secured variable rate bank loan | |
| 750,000 | | |
| 750,000 | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
| Invoice Financing | |
| 524,311 | | |
| 524,311 | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
June 30, 2026 (All amounts in US$)
| Bank loans | |
Carrying amount | | |
Within six
months | | |
2027 | | |
2028 | | |
2029 | | |
2030 | | |
Thereafter | |
| Secured variable rate bank loan | |
| 579,553 | | |
| 579,553 | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
| Invoice Financing | |
| 405,155 | | |
| 405,155 | | |
| - | | |
| - | | |
| - | | |
| - | | |
| - | |
SIMPPLE
LTD. AND ITS SUBSIDIARIES
NOTES
TO UNAUDITED INTERIM CONDENSED CONSOLIDATED
FINANCIAL
STATEMENTS
|