ST Engineering Annual Report 2022

Contents	3
Corporate Overview	2
Financial Highlights	4
Letter to Shareholders	6
Farewell Note by Kwa Chong Seng, Board Chairman	14
Corporate Information	15
Board of Directors	16
Directors Seeking Re-election	23
Group Executive Committee	26
Performance Review	28
Tech & Innovation	28
Operation Review & Outlook	30
Commercial Aerospace	30
Urban Solutions & Satcom	38
Defence & Public Security	46
Financial Review	54
Investor Relations	62
Awards Highlights	64
Sustainability Highlights	66
Board Statement	67
Environment	70
Social	72
Governance	81
Corporate Governance	81
Financial Report Contents	111
Director’s Statement	112
Independent Auditor’s Report	127
Consolidated Income Statement	134
Consolidated Statement of Comphrehensive Income	135
Consolidated Statement of Financial Position	136
Consolidated Statement of Changes in Equity	138
Consolidated Statement of Cash Flows	142
Notes to the Consolidated Financial Statements	144
Statement of Financial Position of the Company	266
Notes to the Statement of Financial Position of the Company	267
Shareholding Statistics	271
SGX Listing Rules Requirement	273

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