Company: DTCK
Filing Date: 2025-12-23
Form Type: 6-K
Source: 0001683168-25-009327
Chunk: 10

Company: DAVIS COMMODITIES Ltd
Filing Date: 2025-12-23
Form: 6-K
Chunk 10
---
     | December 31, |        |
|                           |     |     2024 |        |     | 2025 |        |     |         2024 |        |
| US$ to S$ Period End      |     |          | 1.3516 |     |      | 1.2883 |     |              | 1.3435 |
| US$ to S$ Average Rate    |     |          | 1.3455 |     |      | 1.3327 |     |              | 1.3367 |

(f) Fair Value Measurement

Accounting guidance defines fair value as the
price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants
at the measurement date. When determining the fair value measurements for assets and liabilities required or permitted to be recorded
at fair value, the Company considers the principal or most advantageous market in which it would transact, and it considers assumptions
that market participants would use when pricing the asset or liability.

Accounting guidance establishes a fair value hierarchy
that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value.
A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant
to the fair value measurement. Accounting guidance establishes three levels of inputs that may be used to measure fair value:

| · | Level 1 applies to assets or liabilities for which there are quoted prices, in active markets for identical assets or liabilities.                                                                                                                                                                                                                                                                                                                                                                                                           |
| · | Level 2 applies to assets or liabilities for which there are inputs other than quoted prices included within Level 1 that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical asset or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data. |
| · | Level 3 applies to asset or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.                                                                                                                                                                                                                                                                                                                                         |

Cash and cash equivalents, accounts receivable,
other current assets, other receivables, loan to a related party, bank loans, operating lease liability, finance lease, amount due to
a related party, accounts payables, accruals and