ST Engineering Annual Report 2020

NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2020 (CURRENCY – SINGAPORE DOLLARS UNLESS OTHERWISE STATED) C1 Property, plant and equipment (continued) (a) Property, plant and equipment pledged as security Property, plant and equipment of certain overseas subsidiaries of the Group with a carrying value of $87,635,000 (2019: $89,735,000) are pledged as security for bank loans. (b) Major properties Major land and buildings and improvements to premises are: Net book value Location Description Tenure Land area (sq. m.) 2020 $’000 2019 $’000 Singapore 1 Ang Mo Kio Electronics Park Road Industrial and commercial buildings 30 years from 1.11.2011 20,000 41,056 45,530 3 Ang Mo Kio Electronics Park Road Industrial and commercial buildings 30 years from 1.12.2015 30,000 37,976 40,635 100 Jurong East Street 21 Industrial and commercial buildings 30 years from 1.11.2018 11,232 49,760 5,081 249 Jalan Boon Lay Industrial and commercial buildings 27 years from 1.10.2001 to 31.12.2028, renewable to 10.10.2065 208,261 79,044 84,430 People’s Republic of China No 2, Huayu Road, Huli District, Xiamen 361006, Fujian Factory building 50 years from 20.11.2008 38,618 41,446 40,468 Germany Grenzstr. 1, Dresden Hangar and office building Freehold 160,193 94,298 83,762 18 3 ANNUAL REPORT 2 0 2 0 / CORPORATE OVERVI EW PERFORMANCE REVI EW SUSTAINABI L ITY CORPORATE GOVERNANCE F INANCIAL REPORT