NOTES TO THE STATEMENT OF FINANCIAL POSITION OF THE COMPANY AS AT 31 DECEMBER 2024 (CURRENCY – SINGAPORE DOLLARS UNLESS OTHERWISE STATED) 6. Other payables and accruals 2024 2023 $’000 $’000 Accrued operating expenses 7,210 6,937 7. Share capital, treasury shares, capital reserves and other reserves • Share capital and treasury shares have been explained and disclosed in Note E6 and Note E7. • Capital reserves is relating to realised gain or loss on re-issuance of treasury shares under share-based payment arrangements as explained and disclosed in Note E8. • Other reserves is relating to share-based payment reserve as explained and disclosed in Note E9. 8. Financial risk management • Interest rate risk: No interest rate risk exposure was disclosed as the Company had assessed that a reasonable change in the interest rates would not result in any significant impact on the Company’s results. • Foreign exchange risk: No foreign exchange sensitivity analysis was disclosed as the Company had assessed that a reasonable change in exchange rates would not result in any significant impact on the Company’s results. • Liquidity risk: It is not expected that the cash flows associated with the liabilities of the Company could occur at significantly different amounts. • Credit risk: The Company limits its exposure to credit risk on amounts due from related parties which are mostly short-term in nature and bank balances and other liquid funds placed with reputable financial institutions. Management actively monitors the credit ratings of its debtors and does not expect any counterparty to fail to meet its obligations. Cash and bank deposits are placed with reputable financial institutions. As at 31 December 2024, there were no significant concentrations of credit risk. • Financial instruments by category: The carrying amount of the different categories of financial instruments are as follows: 2024 2023 $’000 $’000 Financial assets, at amortised cost 69,979 9,433 Financial liabilities, at amortised cost (43,502) (7,431) 261 CORPORATE OVERVIEW PERFORMANCE REVIEW SUSTAINABILITY FINANCIAL REPORT
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