The accompanying notes are an integral part of the financial statements. CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2022 (CURRENCY - SINGAPORE DOLLARS UNLESS OTHERWISE STATED) Group Note 2022 $’000 2021 $’000 ASSETS Non-current assets Property, plant and equipment C1 2,076,348 1,793,811 Right-of-use assets C2 581,792 558,559 Associates and joint ventures F4 468,175 482,897 Investments E3 76,704 36,129 Intangible assets C3 5,291,345 1,992,738 Long-term trade receivables 11,163 1,534 Deferred tax assets B6 198,237 207,548 Amounts due from related parties C4 35,000 11,609 Advances and other receivables C7 81,045 69,863 Derivative financial instruments C16 17,064 4,217 Post-employment benefits D3 – 257 8,836,873 5,159,162 Current assets Inventories C5 1,684,231 1,261,156 Contract assets C13 2,099,676 1,726,505 Trade receivables C6 1,152,328 1,066,756 Amounts due from related parties C4 135,089 113,843 Advances and other receivables C7 420,722 345,141 Derivative financial instruments C16 33,295 27,172 Bank balances and other liquid funds C8 601,771 815,924 6,127,112 5,356,497 Total assets 14,963,985 10,515,659 EQUITY AND LIABILITIES Current liabilities Contract liabilities C13 939,990 919,524 Deposits from customers 34,886 17,078 Trade payables and accruals C9 2,826,498 2,612,515 Amounts due to related parties C10 41,887 27,781 Provisions C11 298,624 331,837 Provision for taxation 174,748 161,208 Borrowings E4 3,627,969 559,886 Deferred income C12 13,589 7,665 Post-employment benefits D3 8,413 7,640 Derivative financial instruments C16 38,606 34,508 8,005,210 4,679,642 Net current (liabilities) / assets (1,878,098) 676,855 134 ST ENGINEERING ANNUAL REPORT 2022
RkJQdWJsaXNoZXIy NjMyNDM=