ST Engineering Annual Report 2022

NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2022 (CURRENCY - SINGAPORE DOLLARS UNLESS OTHERWISE STATED) F5 Related party information (continued) In addition to related party information disclosed elsewhere in the financial statements, the Group has significant transactions with the following related parties on terms agreed between the parties: Group 2022 $’000 2021 $’000 Associates of the Group Sales and services rendered 8,204 7,888 Purchases and services received (2,503) (3,384) Dividend income 33,667 18,216 Joint ventures of the Group Sales and services rendered 144,156 54,999 Purchases and services received (4,355) (1,595) Dividend income 6,808 6,132 Other related parties * Sales and services rendered 78,313 76,164 Purchases and services received (46,359) (9,882) Rental expense (6,719) (5,368) * Other related parties refer to subsidiaries, associates and joint ventures of the immediate holding company. CORPORATE OVERVIEW PERFORMANCE REVIEW SUSTAINABILITY FINANCIAL REPORT 261

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