Company: SPPL
Filing Date: 2025-04-08
Form Type: 20-F
Source: 0001641172-25-003217
Chunk: 136

Company: SIMPPLE LTD.
Filing Date: 2025-04-08
Form: 20-F
Item: Item 18
Chunk 136
---
                                                 2023                                    2024                 
                        S$                                                   S$                                      US$                  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Sale of robotics                                            5,228,965                3,633,740      1,535,783                1,124,128  
  Software revenue                                            1,238,435                1,053,185      2,237,541                1,637,784  
  Others                                                         42,769                        -              -                        -  
  Revenues                                                    6,510,169                4,686,925      3,773,324                2,761,912  

14Segmental reporting

An
operating segment is a component of the Company that engages in business activities from which it may earn revenues and incur expenses,
and is identified on the basis of the internal financial reports that are provided to and regularly reviewed by the Company’s chief
operating decision maker in order to allocate resources and assess performance of the segment.

In
accordance with ASC 280, Segment Reporting, operating segments are defined as components of an enterprise about which separate financial
information is available that is evaluated regularly by the chief operating decision maker (“ CODM”), or decision making group,
in deciding how to allocate resources and in assessing performance. The Company uses the “management approach” in determining
reportable operating segments. The management approach considers the internal organization and reporting used by the Company’s
chief operating decision maker for making operating decisions and assessing performance as the source for determining the Company’s
reportable segments. Management, including the chief operating decision maker, reviews operation results by the revenue of different
services. Based on management’s assessment, the Company has determined that it has two operating segments as defined by ASC 280
as follow:

  Sale                                                                                            
  Sale                                                                                            

SIMPPLE
LTD. AND ITS SUBSIDIARIES

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

14
Segmental reporting (cont’d)

The
following tables present summary information by segment for the years ended December 31, 2022, 2023 and 2024, respectively:

Schedule of Information by
segments

                                           Robots                                                     Software                                         Others                                 
                                                                                                      services rendered                                                                       
                                           For the year ended December 31, 2022                                                                                                               
                                           Robots                                                     Software services rendered                       Others                                 
                                           S$                                                         S$