CASH AND CASH EQUIVALENTS

12 Months Ended

Dec. 31, 2023

Notes and other explanatory information [abstract]

CASH AND CASH EQUIVALENTS

4 CASH AND CASH EQUIVALENTS

For the purpose of the consolidated statements of cash flows, cash and cash equivalents comprise the following:

	2022		2023
	S$		S$
Cash at banks		1,514,460		1,971,872
Cash on hand		610		601
Short-term fixed deposits		64,648		7,022,594
		1,579,718		8,995,067
Less: Fixed deposits with maturities over 3 months		-		(2,770,880	)
Cash and cash equivalents on consolidated statements of cash flows		1,579,718		6,224,187

Fixed deposits are placed for a periods ranging between of 1 month and 12 months (2022: 1 months and 6 months) with the effective interest rates on the fixed deposits range from between 2.20% to 5.55% (2022: 1.70% to 2.30%) per annum.