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Fixed And Pledged Deposits
12 Months Ended
Dec. 31, 2021
Fixed And Pledged Deposits [Abstract]  
Disclosure Detail Of Fixed And Pledged Deposits [Text Block]
8
FIXED AND PLEDGED DEPOSITS
 
     December 31,
2021
     December 31,
2020
 
     S$’000      S$’000  
Fixed deposits
     6,960        7,727  
Pledged deposits
  
 
2,356
 
  
 
2,377
 
 
  
 
 
 
  
 
 
 
 
  
 
9,316
 
  
 
10,104
 
 
  
 
 
 
  
 
 
 
Analysed as:
  
     
  
     
Current
  
 
8,860
 
  
 
7,727
 
 
  
 
 
 
  
 
 
 
Non-current
     456        2,377  
       9,316        10,104  
Fixed
deposits bear interest at an effective interest rate of 1.65% to 1.85% (2020: 3.2%) per annum and for tenure ranging from 180 days to 365 days (2020: 90 days to 365 days).
The Group pledged deposits of S$1.9 million (2020: S$1.9 million
) to a financial institution for securing of bank loans (Note 16). The remaining pledged deposits relate to deposits placed to comply with the local regulations of subsidiaries. Pledged deposits approximate fair value at the end of reporting period.