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 Non-current liabilities Contract liabilities C13 877,937 832,754 Trade payables and accruals C9 72,712 63,482 Provisions C11 38,522 39,596 Deferred tax liabilities B6 167,481 174,661 Borrowings E4 2,906,568 1,555,334 Deferred income C12 17,588 73,882 Post-employment benefits D3 206,296 409,473 Derivative financial instruments C16 18,817 18,620 4,305,921 3,167,802 Total liabilities 12,311,131 7,847,444 Net assets 2,652,854 2,668,215 Share capital and reserves Share capital E6 895,926 895,926 Treasury shares E7 (36,377) (33,475) Capital reserves E8 100,068 103,940 Other reserves E9 (34,437) (101,937) Retained earnings 1,472,816 1,548,308 Equity attributable to owners of the Company 2,397,996 2,412,762 Non-controlling interests F3 254,858 255,453 2,652,854 2,668,215 Total equity and liabilities 14,963,985 10,515,659 CORPORATE OVERVIEW PERFORMANCE REVIEW SUSTAINABILITY FINANCIAL REPORT 135
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