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 (continued) Carrying amount Group Amortised cost $’000 FVTPL $’000 Fair value – hedging instruments $’000 (restated) 2021 Financial assets measured at fair value Investments – 15,180 – Associates – 34,215 – Derivative financial instruments – 20,240 11,149 – 69,635 11,149 Financial assets at amortised cost Trade receivables 1,068,290 – – Amounts due from related parties 125,452 – – Advances and other receivables 164,144 – – Bank balances and other liquid funds 815,924 – – 2,173,810 – – Financial liabilities measured at fair value Derivative financial instruments – (15,266) (37,862) Financial liabilities at amortised cost Trade payables and accruals – – – Amounts due to related parties – – – Borrowings – – – – – – 200 ST ENGINEERING ANNUAL REPORT 2022

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