ST Engineering Annual Report 2020

NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2020 (CURRENCY – SINGAPORE DOLLARS UNLESS OTHERWISE STATED) B1 Segment information (continued) Analysis by country of incorporation Revenue is based on the country of incorporation regardless of where the goods are produced or services rendered. Non-current assets, excluding derivative financial instruments, post-employment benefits and deferred tax assets, are based on the location of those assets. Revenue Non-current assets 2020 2019 2020 2019 $’000 $’000 $’000 $’000 Asia 4,415,728 5,079,390 1,841,190 1,790,865 U.S. 2,088,678 2,091,860 1,629,426 1,663,115 Europe 587,031 612,046 1,239,616 1,213,482 Others 66,849 84,980 92,028 89,682 7,158,286 7,868,276 4,802,260 4,757,144 For the year ended 31 December 2020: • Within Europe, revenue of approximately $371,184,000 (2019: $458,508,000) were from subsidiaries located in Germany. • Within Asia, most of the revenue were from subsidiaries located in Singapore. • The remaining revenue from customers in Asia, Europe and Others were individually insignificant. As at 31 December 2020: • Within Europe, non-current assets of approximately $736,042,000 (2019: $683,672,000) were located in Germany. • Within Asia, most of the non-current assets were from subsidiaries located in Singapore. • The remaining non-current assets located in Asia, Europe and Others were individually insignificant. 16 3 ANNUAL REPORT 2 0 2 0 / CORPORATE OVERVI EW PERFORMANCE REVI EW SUSTAINABI L ITY CORPORATE GOVERNANCE F INANCIAL REPORT