The accompanying notes form an integral part of these financial statements. STATEMENT OF FINANCIAL POSITION OF THE COMPANY AS AT 31 DECEMBER 2022 (CURRENCY - SINGAPORE DOLLARS UNLESS OTHERWISE STATED) Note 2022 $’000 2021 $’000 ASSETS Non-current assets Property, plant and equipment 2 12 145 Right-of-use assets 203 317 Subsidiaries 3 1,537,911 1,479,070 Associates 4 – – 1,538,126 1,479,532 Current assets Amounts due from related parties 5 7,159 14,833 Advances and other receivables 556 236 Bank balances and other liquid funds 6 117,879 82,255 125,594 97,324 Total assets 1,663,720 1,576,856 EQUITY AND LIABILITIES Current liabilities Other payables and accruals 7 4,255 3,526 Amounts due to related parties 5 8,102 11,878 Provision for taxation 32 701 Lease liabilities 114 110 12,503 16,215 Net current assets 113,091 81,109 Non-current liabilities Lease liabilities – 113 – 113 Total liabilities 12,503 16,328 Net assets 1,651,217 1,560,528 Share capital and reserves Share capital 8 895,926 895,926 Treasury shares 8 (36,377) (33,475) Capital reserves 8 (15,977) (12,044) Other reserves 8 71,014 65,716 Retained earnings 736,631 644,405 1,651,217 1,560,528 Total equity and liabilities 1,663,720 1,576,856 264 ST ENGINEERING ANNUAL REPORT 2022
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