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Right Of Use Assets
 12 Months Ended
Dec. 31, 2021
Text Block [Abstract]  
Right Of Use Asstes
 
14
RIGHT-OF-USE
ASSETS


 
  
Office space
 
 
  
S$’000
 
Cost:
  
      
At January 1, 2020
      38,765  
Additions
      22,837  
Expired and early termination
      (8,707 ) 
Currency alignment
      391  
    
 
 
  
At December 31, 2020
      53,286  
Additions
      6,863  
Expired and early termination
      (1,902 )
Lease modification
      16,128  
Currency alignment
      (2,365 ) 
    
 
 
  
At December 31, 2021
      72,010  
    
 
 
  
Accumulated depreciation:
         
At January 1, 2020
      15,925  
Depreciation for the year
      14,018  
Expired and early termination
      (6,008 ) 
Currency alignment
      130  
    
 
 
  
At December 31, 2020
      24,065  
Depreciation for the year
      17,768  
Expired and early termination
      (1,902 ) 
Currency alignment
      (1,081 ) 
    
 
 
  
At December 31, 2021
      38,850  
    
 
 
  
Carrying amount:
         
At December 31, 2020
      29,221  
    
 
 
  
At December 31, 2021
      33,160  
    
 
 
  
Amount recognized in profit and loss
 
     2021      2020      2019  
     S$’000      S$’000      S$’000  
Depreciation expense on
right-of-use
assets
      17,768        14,018        10,842  
Interest expense on lease liabilities (Note 24)
      1,529        1,559        1,383  
Expenses relating to lease of low value assets
      3,562        2,027        1,344  
    
 
 
     
 
 
     
 
 
  
The Group leases office space with lease term ranging from 1 to 5 years. At December 31, 2021, the total cash outflow for leases amount to S$19.6 million (2020: S$14.7
million, 2019: S$11.6 million).