ST Engineering Annual Report 2022

NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2022 (CURRENCY - SINGAPORE DOLLARS UNLESS OTHERWISE STATED) C1 Property, plant and equipment (continued) Group Furniture, fittings, office equipment and others * $’000 Aircraft and aircraft engines $’000 Total $’000 Cost At 1 January 2022 1,569 277,045 278,614 Additions 51 491,600 491,651 Reclassifications (46) (33,629) (33,675) Translation difference (8) (1,475) (1,483) At 31 December 2022 1,566 733,541 735,107 Accumulated depreciation At 1 January 2022 835 33,962 34,797 Depreciation charge for the year 211 25,552 25,763 Reclassifications – (5,148) (5,148) Translation difference (10) (779) (789) At 31 December 2022 1,036 53,587 54,623 Net book value At 31 December 2022 530 679,954 680,484 CORPORATE OVERVIEW PERFORMANCE REVIEW SUSTAINABILITY FINANCIAL REPORT 167

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