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Right Of Use Assets
 12 Months Ended
Dec. 31, 2022
Text Block [Abstract]  
Right Of Use Asstes
14
RIGHT-OF-USE
ASSETS
 
     Office space  
     S$’000  
Cost:
         
At January 1, 2021
      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  
Additions
      15,973  
Acquired on acquisition of a subsidiary
      165  
Expired
      (2,373 ) 
Lease modification
      6,914  
Currency alignment
      (5,016 ) 
    
 
 
  
At December 31, 2022
      87,673  
    
 
 
  
Accumulated depreciation:
         
At January 1, 2021
      24,065  
Depreciation for the year
      17,768  
Expired and early termination
      (1,902 ) 
Currency alignment
      (1,081 ) 
    
 
 
  
At December 31, 2021
      38,850  
Depreciation for the year
      18,755  
Expired
      (2,373 ) 
Currency alignment
      (2,795 ) 
    
 
 
  
At December 31, 2022
      52,437  
    
 
 
  
Carrying amount:
         
At December 31, 2021
      33,160  
    
 
 
  
At December 31, 2022
      35,236  
    
 
 
  
Amount recognized in profit and loss
 
     2022      2021      2020  
     S$’000      S$’000      S$’000  
Depreciation expense on
right-of-use
assets
      18,755        17,768        14,018  
Interest expense on lease liabilities (Note 2
5
)
      1,554        1,529        1,559  
Expenses relating to lease of low value assets
      4,243        3,562        2,027  
    
 
 
     
 
 
     
 
 
  
The Group leases office space with lease term ranging from 1 to 5 years.
During the year ended
December 31, 2022, the total cash outflow for leases amount to S$19.7 million (2021: S$19.6 million, 2020: S$14.2 million).