ST Engineering Annual Report 2020

NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2020 (CURRENCY – SINGAPORE DOLLARS UNLESS OTHERWISE STATED) During the year 2020 Changes in the value of the hedging instrument recognised in OCI Hedge ineffectiveness recognised in profit or loss Line item in profit or loss that includes hedge ineffectiveness Amount from hedging reserve transferred to cost of inventory Amount reclassified from hedging reserve to profit or loss Line item in profit or loss affected by the reclassification $’000 $’000 $’000 $’000 26,537 3 Cost of sales / Finance costs, net (1,890) 13,814 Revenue / Cost of sales / Operating expenses / Finance costs, net 11,520 – – – – – (4,808) – – – (20) – During the year 2019 Changes in the value of the hedging instrument recognised in OCI Hedge ineffectiveness recognised in profit or loss Line item in profit or loss that includes hedge ineffectiveness Amount from hedging reserve transferred to cost of inventory Amount reclassified from hedging reserve to profit or loss Line item in profit or loss affected by the reclassification $’000 $’000 $’000 $’000 (21,581) 1,071 Cost of sales / Finance costs, net 3,700 (1,371) Revenue / Cost of sales / Operating expenses / Finance costs, net (1,029) – – – – – (9,832) – – – – – 22 5 ANNUAL REPORT 2 0 2 0 / CORPORATE OVERVI EW PERFORMANCE REVI EW SUSTAINABI L ITY CORPORATE GOVERNANCE F INANCIAL REPORT