ST Engineering Annual Report 2020

NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2020 (CURRENCY – SINGAPORE DOLLARS UNLESS OTHERWISE STATED) F3 Non-controlling interests in subsidiaries (continued) Name of subsidiary ST Engineering Aerospace Services Company Pte. Ltd. Eco-Services, LLC $’000 $’000 2019 NCI percentage 20% 49.9% Principal place of business/Country of incorporation Singapore U.S. Revenue 277,653 23,649 Profit after taxation 30,005 2,404 Other comprehensive income/(loss) 1,275 (2,287) Total comprehensive income/(loss) 31,280 117 Attributable to NCI: Profit/(loss) 6,001 1,200 Other comprehensive income/(loss) 255 (1,141) Total comprehensive income/(loss) 6,256 59 Non-current assets 91,963 20,674 Current assets 245,333 18,966 Non-current liabilities (48,041) (769) Current liabilities (108,778) (2,669) Net assets 180,477 36,202 Net assets attributable to NCI 36,095 18,065 Cash flows from/(used in) operating activities 32,664 29,635 Cash flows used in investing activities (3,061) (20,457) Cash flows from/(used in) financing activities* 6,893 (3,873) Net increase/(decrease) in cash and cash equivalents 36,496 5,305 * including dividends to NCI (10,600) (1,112) / ST ENG I NEER I NG 262