NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2022 (CURRENCY - SINGAPORE DOLLARS UNLESS OTHERWISE STATED) F3 Non-controlling interests in subsidiaries (continued) Name of subsidiary 2021 ST Engineering Aerospace Services Company Pte. Ltd. $’000 NCI percentage 20% Principal place of business/Country of incorporation Singapore Revenue 320,082 Profit/(loss) after taxation 54,419 Other comprehensive (loss)/income (1,443) Total comprehensive income 52,976 Attributable to NCI: - Profit/(loss) 10,884 - Other comprehensive (loss)/income (289) - Total comprehensive income/(loss) 10,595 Non-current assets 232,603 Current assets 242,622 Non-current liabilities (162,285) Current liabilities (139,934) Net assets 173,006 Net assets attributable to NCI 34,601 Cash flows from operating activities 7,679 Cash flows used in investing activities (55,520) Cash flows used in financing activities * (22,472) Net (decrease)/increase in cash and cash equivalents (70,313) * including dividends to NCI (8,000) 246 ST ENGINEERING ANNUAL REPORT 2022
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