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Right Of Use Assets
 12 Months Ended
Dec. 31, 2023
Text Block [Abstract]  
Right Of Use Asstes
14
RIGHT-OF-USE
 
ASSETS
 
     Office space  
     S$’000  
Cost:
   
At January 1, 2022
      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  
Additions
      17,504  
Expired
 
and early termination
      (5,884 ) 
Lease modification
      10,952  
Currency alignment
      (2,063 ) 
  
 
 
  
At December 31, 2023
      108,182  
  
 
 
  
Accumulated depreciation:
   
At January 1, 2022
      38,850  
Depreciation for the year
      18,755  
Expired
      (2,373 ) 
Currency alignment
      (2,795 ) 
  
 
 
  
At December 31, 2022
      52,437  
Depreciation for the year
      21,896  
Expired
 
and early termination
      (5,884 ) 
Currency alignment
      (1,027 ) 
  
 
 
  
At December 31, 2023
      67,422  
  
 
 
  
Carrying amount:
   
At December 31, 2022
      35,236  
  
 
 
  
At December 31, 2023
      40,760  
  
 
 
  
Amount recognized in profit and loss
 
     2023      2022      2021  
     S$’000      S$’000      S$’000  
Depreciation expense on
 
right-of-use
 
assets
      21,896        18,755        17,768  
Interest expense on lease liabilities (Note 24)
      1,975        1,554        1,529  
Expenses relating to lease of low value assets
      4,144        4,243        3,562  
  
 
 
     
 
 
     
 
 
  
The Group leases office space with lease term ranging from 1 to 5 years. During the year ended December 31, 2023, the total cash outflow for leases amount to S$24.0 million (20
2
2: S$19.7 million, 2021: S$19.6 million).