NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2022 (CURRENCY - SINGAPORE DOLLARS UNLESS OTHERWISE STATED) F3 Non-controlling interests in subsidiaries The following table summarises the information relating to each of the Group’s subsidiaries with material non‑controlling interests (NCI), based on their respective (consolidated) financial statements prepared in accordance with SFRS(I), modified for fair value adjustments on acquisition and differences from the Group’s accounting policies. The summarised financial information is not adjusted for percentage ownership held by NCI. Name of subsidiary 2022 ST Engineering Aerospace Services Company Pte. Ltd. $’000 NCI percentage 20% Principal place of business/Country of incorporation Singapore Revenue 374,149 Profit/(loss) after taxation 38,250 Other comprehensive (loss)/income 1,887 Total comprehensive income 40,137 Attributable to NCI: - Profit/(loss) 7,650 - Other comprehensive income/(loss) 377 - Total comprehensive income/(loss) 8,027 Non-current assets 127,728 Current assets 253,354 Non-current liabilities (70,937) Current liabilities (137,132) Net assets 173,013 Net assets attributable to NCI 34,603 Cash flows from operating activities 57,474 Cash flows used in investing activities (16,443) Cash flows used in financing activities * (52,531) Net changes in cash and cash equivalents (11,500) * including dividends to NCI (8,000) 244 ST ENGINEERING ANNUAL REPORT 2022
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