ST Engineering Annual Report 2022

NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2022 (CURRENCY - SINGAPORE DOLLARS UNLESS OTHERWISE STATED) C15 Classification and fair value of financial instruments Carrying amount Group Amortised cost $’000 FVTPL $’000 Fair value – hedging instruments $’000 2022 Financial assets measured at fair value Investments – 42,718 – Associates – 15,460 – Derivative financial instruments – 16,437 33,922 – 74,615 33,922 Financial assets at amortised cost Trade receivables 1,163,491 – – Amounts due from related parties 170,089 – – Advances and other receivables 147,577 – – Bank balances and other liquid funds 601,771 – – 2,082,928 – – Financial liabilities measured at fair value Derivative financial instruments – (12,839) (44,584) Financial liabilities at amortised cost Trade payables and accruals – – – Amounts due to related parties – – – Borrowings – – – – – – 198 ST ENGINEERING ANNUAL REPORT 2022

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