ST Engineering Annual Report 2020

NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2020 (CURRENCY – SINGAPORE DOLLARS UNLESS OTHERWISE STATED) B. BUSINESS PERFORMANCE The highlights of the Group’s financial performance during the financial year are: • Revenue of $7.2 billion, down 9% • Profit from operations of $560.9 million, down 17% • Profit before taxation of $534.4 million, down 23% • Profit attributable to shareholders of $521.8 million, down 10% • Earnings per share of 16.74 cents per share, down 10% B1 Segment information B4 Other income, net B2 Revenue B5 Earnings per share B3 Profit from operations B6 Taxation B1 Segment information The principal activities of the Company are those of an investment holding company and the provision of engineering and related services. The Group is organised on a worldwide basis into four major operating segments. Management reviews the segments’ operating results regularly in order to allocate resources to the segments and to assess the segments’ performance. The principal activities of these operating segments are outlined below: Segments Principal activities Aerospace Provides a wide spectrum of aircraft maintenance, engineering and training services for both military and commercial aircraft operators. These services include airframe, component and engine maintenance, repair and overhaul, aircraft design engineering and parts manufacturing, aviation materials, asset management and pilot training. Electronics Specialises in the design, development and delivery of information communications technologies products, solutions and services for Smart Cities connectivity, mobility and security. Land Systems Delivers customised land systems, security solutions and their related through-life support for defence, homeland security and commercial applications. Marine Provides turnkey and sustainable defence and commercial solutions to the marine, offshore and environmental engineering industries. Others* Research and development, provision of engineering products and solutions, treasury, investment holding and provision of management, consultancy and other support services. * None of these segments meets any of the quantitative thresholds for determining reportable segments in financial years 2020 and 2019. / ST ENG I NEER I NG 160