ST Engineering Annual Report 2020

Group Note Share capital Treasury shares $’000 $’000 At 1 January 2019 895,926 (9,030) Total comprehensive income for the year Profit after taxation – – Other comprehensive income Net fair value changes on equity investments at FVOCI E9 – – Net fair value changes of cash flow hedges reclassified to income statement – – Effective portion of changes in fair value of cash flow hedges – – Share of net fair value changes on cash flow hedges of joint ventures – – Foreign currency translation differences – – Share of foreign currency translation differences of associates and joint ventures – – Reserves released on disposal of subsidiaries and a joint venture – – Defined benefit plan remeasurements – – Other comprehensive loss for the year, net of tax – – Total comprehensive income for the year, net of tax – – Hedging gains and losses and costs of hedging transferred to the cost of inventory – – Transactions with owners of the Company, recognised directly in equity Contributions by and distributions to owners of the Company Capital contribution by non-controlling interests – – Return of capital contribution by non-controlling interests – – Cost of share-based payment – – Purchase of treasury shares E7 – (43,768) Treasury shares reissued pursuant to share plans – 26,067 Dividends paid E10 – – Dividends paid to non-controlling interests – – Total contributions by and distributions to owners of the Company – (17,701) Changes in ownership interests in a subsidiary Disposal of subsidiary – – Total transactions with owners of the Company – (17,701) Transfer from retained earnings to statutory reserve – – Balance at 31 December 2019 895,926 (26,731) The accompanying notes are an integral part of the financial statements. CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2020 (CURRENCY – SINGAPORE DOLLARS) / ST ENG I NEER I NG 154