Company: SPPL
Filing Date: 2025-04-08
Form Type: 20-F
Source: 0001641172-25-003217
Chunk: 132

Company: SIMPPLE LTD.
Filing Date: 2025-04-08
Form: 20-F
Item: Item 18
Chunk 132
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,398,020                1,755,248  

Based
on the carrying value of definite-lived intangible assets as of December 31, 2024, the Company estimates its amortization expense for
following years will be as follows:

Schedule of estimated amortization expense

  For years period ended December 31,                 
  2025                                       697,283  
  2026                                       697,283  
  2027                                       572,669  
  2028                                       279,415  
  Total amortization expense               2,246,650  

Amortization
expense of intangible assets for the years ended December 31, 2023 and 2024 is S$ 417,868 545,913 399,586

7Plant and equipment, net

Schedule of property and equipment

                                      2023                                   2024                     2024                 
                                      As of December 31,                                                                   
                                      2023                                   2024                     2024                 
                                      S$                                     S$                       US$                  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Furniture and fittings                                         22,496                   22,496                   16,466  
  Machinery                                                     142,419                  142,419                  104,245  
  Office equipment and computers                                258,555                  274,456                  200,890  
  Renovation                                                     49,406                   49,406                   36,163  
  Total                                                         472,876                  488,777                  357,764  
  Gross book value                                              472,876                  488,777                  357,764  
  Less: Accumulated depreciation                              ( 425,348                ( 481,760                ( 352,628  
  Net book value                                                 47,528                    7,017                    5,136  

8Right-of-use assets and lease liabilities

As
of December 31, 2024, the Company subsisted of the following non-cancellable lease contracts.

Schedule of non-cancellable lease contracts

  Description of lease           Lease term    
 ───────────────────────────────────────────────
  Motor vehicles                 7 to 8 years  
  Corporate office premises      0.5 year      

SIMPPLE
LTD. AND ITS SUBSIDIARIES

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

8
Right-of-use