| RELATED PARTY TRANSACTIONS |
NOTE－16
RELATED PARTY TRANSACTIONS
In
the ordinary course of business, during the years ended June 30, 2023, 2024 and 2025, our Company was involved in certain
transactions, either at cost or current market prices, and on the normal commercial terms with related parties. The following table
provides the transactions with these parties for the years as presented (for the portion of such period that they were considered
related):
SCHEDULE OF RELATED PARTY TRANSACTIONS
| Nature of
transactions | |
2023 | | |
2024 | | |
2025 | |
| | |
Years
ended June 30, | |
| Nature of
transactions | |
2023 | | |
2024 | | |
2025 | |
| | |
S$ | | |
S$ | | |
S$ | |
| Premium
Rich Engineering Pte. Ltd.(1) | |
| | | |
| | | |
| | |
| Amount due from you (trade)(1) | |
| 37,302 | | |
| - | | |
| 18,494 | |
| Amount due from you (non-trade)(1) | |
| 3,402 | | |
| - | | |
| - | |
| Amount due to you (non-trade)(1) | |
| 24,744 | | |
| 40,602 | | |
| 8,491 | |
| Sales during the year(1) | |
| 532,704 | | |
| 209,202 | | |
| 204,297 | |
| Expenses charged to you(1) | |
| 2,952 | | |
| - | | |
| - | |
| Rental income charged to you(1) | |
| 4,950 | | |
| 900 | | |
| - | |
| Direct cost charged by you(1) | |
| 42,124 | | |
| 102,866 | | |
| 165,140 | |
| Expenses charged by you(1) | |
| 99,518 | | |
| 12,747 | | |
| - | |
| Deposit received from you(1) | |
| 3,600 | | |
| 3,600 | | |
| - | |
| Advance paid from you (trade)(1) | |
| - | | |
| 15,565 | | |
| - | |
| | |
| | | |
| | | |
| | |
| LRS-Premium
Pte. Ltd. (2) | |
| | | |
| | | |
| | |
| Amount due from you (non-trade)(2) | |
| 272,096 | | |
| - | | |
| - | |
| Amount due to you (non-trade) | |
| 100,915 | | |
| 813,724 | | |
| 31,062 | |
| Prepayment to you(2) | |
| 569,252 | | |
| - | | |
| - | |
| Deposit paid(2) | |
| 878,000 | | |
| 778,000 | | |
| - | |
| Rental charged by you(2) | |
| 622,915 | | |
| 1,149,996 | | |
| 958,330 | |
| Expense charged by you(2) | |
| 205,984 | | |
| 456,477 | | |
| 456,711 | |
| | |
| | | |
| | | |
| | |
| Hing
Fatt Building & Material Pte. Ltd. (3) | |
| | | |
| | | |
| | |
| Amount due from you (trade)(3) | |
| 7,003 | | |
| 31,975 | | |
| 4,878 | |
| Amount due from you (non-trade)(3) | |
| 11,664 | | |
| - | | |
| - | |
| Amount due to you (non-trade)(3) | |
| 90 | | |
| - | | |
| - | |
| Sales during the year(3) | |
| 6,484 | | |
| 56,521 | | |
| 54,437 | |
| Rental charged to you(3) | |
| 10,800 | | |
| 1,350 | | |
| - | |
| Expense charged by you(3) | |
| 90 | | |
| - | | |
| 9,682 | |
| | |
| | | |
| | | |
| | |
| Team
General Construction Pte. Ltd. (4) | |
| | | |
| | | |
| | |
| Amount due from you (trade)(4) | |
| 5,181 | | |
| 39,502 | | |
| 4,822 | |
| Amount due to you (non-trade)(4) | |
| 65 | | |
| - | | |
| - | |
| Sales during the year(4) | |
| 106,037 | | |
| 205,586 | | |
| 116,406 | |
| Expenses charged to you(4) | |
| 47 | | |
| 2,100 | | |
| - | |
| Expense charged by you(4) | |
| 385 | | |
| - | | |
| 257 | |
| Rental income charged to you(4) | |
| - | | |
| 61,580 | | |
| 278,256 | |
| (1) |
100%
shares held by our Company’s Chief Executive Officer, Mr Gao |
| |
|
| (2) |
60%
shares held by Mr Gao |
| |
|
| (3) |
100%
shares held by Mr Gao |
| |
|
| (4) |
60%
shares held by our Company’s Chief Executive Officer, Mr Gao via Premium Rich Engineering Pte. Ltd. |
Apart
from the transactions and balances detailed elsewhere in these accompanying financial statements, our Company has no other significant
or material related party transactions during the years presented.
|