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Deferred Tax Assets/Liabilities
 12 Months Ended
Dec. 31, 2021
Text Block [Abstract]  
Deferred Tax Assets/Liabilities
20
DEFERRED TAX ASSETS/LIABILITIES
 
     December 31,
2021		      December 31,
2020		  
     S$’000      S$’000  
Deferred tax assets
      1,943        1,580  
Deferred tax liabilities
      (1,507 )       (129 ) 
    
 
 
     
 
 
  
       436        1,451  
    
 
 
     
 
 
  
 
Following are the major deferred tax liabilities and assets recognized by the
Group:
 
Deferred tax asset (net)
  
Provisions
 
  
Accelerated
tax
depreciation
 
  
Undistributed
earnings
 
  
Others
 
  
Total
 
 
  
S$’000
 
  
S$’000
 
  
S$’000
 
  
S$’000
 
  
S$’000
 
At January 1, 2020
  
 
602
 
  
 
(25
) 
  
 
—  
 
  
 
384
 
  
 
961
 
Credit (charge) to profit or loss (Note 26)
  
 
538
 
  
 
70
 
  
 
—  
 
  
 
(51
) 
  
 
557
 
Overprovision in prior years (Note 26)
  
 
(67
) 
  
 
—  
 
  
 
—  
 
  
 
—  
 
  
 
(67
) 
Currency alignment
  
 
5
 
  
 
(11
) 
  
 
—  
 
  
 
6
 
  
 
—  
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
At December 31, 2020
  
 
1,078
 
  
 
34
 
  
 
—  
 
  
 
339
 
  
 
1,451
 
Credit (charge) to profit or loss (Note 26)
  
 
46
 
  
 
(158
) 
  
 
(1,402
) 
  
 
—  
 
  
 
(1,514
) 
Under (Over) provision in prior years (Note 26)
  
 
707
 
  
 
(109
) 
  
 
—  
 
  
 
—  
 
  
 
598
 
Currency alignment
  
 
(81
) 
  
 
(40
) 
  
 
—  
 
  
 
22
 
  
 
(99
) 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
At December 31, 2021
  
 
1,750
 
  
 
(273
) 
  
 
(1,402
) 
  
 
361
 
  
 
436
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
  
 
 
 
As
 of December 31, 2021, the Group’s undistributed earnings from certain non-U.S. subsidiaries were not indefinitely reinvested. Accordingly, the Group recorded a deferred tax liability of S$1.4 million (2020:S$Nil)
for the estimated taxes associated with the repatriation of these earnings. No deferred tax liability is recognized on temporary differences of S$11.3 million (2020: S$9.3 million) relating to the unremitted earnings of overseas subsidiaries as the Group is able to control the timing of the reversal of these temporary differences and it is probable that they will not reverse in the foreseeable future. Temporary differences arising in connection with interests in associates are insignificant.