ST Engineering Annual Report 2020

NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2020 (CURRENCY – SINGAPORE DOLLARS UNLESS OTHERWISE STATED) Utilisation of tax losses Exchange difference As at 31 December 2019 Recognised in profit or loss Recognised in other comprehensive income Utilisation of tax losses Exchange difference As at 31 December 2020 $’000 $’000 $’000 $’000 $’000 $’000 $’000 $’000 1,268 (419) 93,515 35,563 – 787 (1,803) 128,062 423 (1,051) 176,880 31,330 – 415 (2,678) 205,947 – 28 (1,987) 235 – 19 31 (1,702) – 205 (26,869) (871) – (389) 378 (27,751) 3,207 433 (127,338) (44,057) – 1,824 (907) (170,478) – 7 (751) 2,041 – (79) (99) 1,112 43,328 820 (36,813) (65,811) – (1,865) 8,867 (95,622) – 170 (9,953) (107) 14,901 8 (411) 4,438 – 885 (27,013) (4,261) (16,125) – (1,991) (49,390) – 164 23,466 (2,576) – 1,698 (71) 22,517 48,226 1,242 63,137 (48,514) (1,224) 2,418 1,316 17,133 17 5 ANNUAL REPORT 2 0 2 0 / CORPORATE OVERVI EW PERFORMANCE REVI EW SUSTAINABI L ITY CORPORATE GOVERNANCE F INANCIAL REPORT