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Consolidated Statement of Changes in Equity
$ in Thousands, $ in Thousands
USD ($)
SGD ($)
Share capital [member]
SGD ($)
Reserves [member]
SGD ($)
Retained earnings [member]
SGD ($)
Equity attributable to owners of parent [member]
SGD ($)
Non-controlling interests [member]
SGD ($)
Beginning balance at Dec. 31, 2018   $ 42,070   $ (21,604) $ 63,673 $ 42,069 $ 1
Total comprehensive income for the year:              
Profit for the year   73,536     73,535 73,535 1
Other comprehensive income (loss)   840   954 (114) 840  
Total   74,376   954 73,421 74,375 1
Dividends representing transactions with owners recognized directly in equity   (17,000)     (17,000) (17,000)  
Ending balance at Dec. 31, 2019   99,446   (20,650) 120,094 99,444 2
Total comprehensive income for the year:              
Profit for the year   86,094     86,093 86,093 1
Other comprehensive income (loss)   536   717 (181) 536  
Total   86,630   717 85,912 86,629 1
Transfer of profits to legal reserve       90 (90)    
Transaction with owners recognized directly in equity:              
Dividends   (73,545)     (73,545) (73,545)  
Ending balance at Dec. 31, 2020   112,531   (19,843) 132,371 112,528 3
Total comprehensive income for the year:              
Profit for the year $ 76,823 103,842     103,841 103,841 1
Issued of share capital for cash       502,387      
Other comprehensive income (loss)   (6,224)   (6,500) 276 (6,224)  
Total 72,218 97,618 $ 19 (6,500) 104,117 97,617 1
Transfer of profits to legal reserve       2 (2)    
Transaction with owners recognized directly in equity:              
Issued of share capital for cash   502,406 19     502,406  
Share-based payments expenses   5,253   5,253   5,253  
Distribution to founder   (252,747)   (252,747)   (252,747)  
Effects of translation on other reserve   (1,371)   (1,371)   (1,371)  
Dividend paid to non-controlling interest   (176)         (176)
Total   253,365   253,522   253,541 (176)
Proceeds for capital call on non-fully paid-up share capital   192         192
Ending balance at Dec. 31, 2021 $ 343,054 $ 463,706 $ 19 $ 227,181 $ 236,486 $ 463,686 $ 20