ST Engineering Annual Report 2020

Note 2020 2019 $’000 $’000 ASSETS Non-current assets Property, plant and equipment 2 2,137 28,688 Right-of-use assets 3,558 5,511 Subsidiaries 3 1,363,251 1,327,608 Associates 4 17,657 17,657 Deferred tax assets 2,500 – 1,389,103 1,379,464 Current assets Amounts due from related parties 5 70,030 58,732 Advances and other receivables 1,653 4,566 Bank balances and other liquid funds 6 7,372 16,271 79,055 79,569 Total assets 1,468,158 1,459,033 EQUITY AND LIABILITIES Current liabilities Other payables and accruals 7 21,542 18,817 Amounts due to related parties 5 16,868 4,836 Provision for taxation 3,267 876 Lease liabilities 2,014 118 43,691 24,647 Net current assets 35,364 54,922 Non-current liabilities Other payables and accruals 7 7,390 6,334 Amounts due to related parties 5 – 1,003 Deferred tax liabilities – 2,268 Lease liabilities 1,504 5,434 8,894 15,039 Total liabilities 52,585 39,686 Net assets 1,415,573 1,419,347 Share capital and reserves Share capital 8 895,926 895,926 Treasury shares 8 (23,743) (26,731) Capital reserves 8 (8,940) (3,412) Other reserves 8 64,054 68,952 Retained earnings 488,276 484,612 1,415,573 1,419,347 Total equity and liabilities 1,468,158 1,459,033 BALANCE SHEET OF THE COMPANY AS AT 31 DECEMBER 2020 (CURRENCY – SINGAPORE DOLLARS) 28 1 ANNUAL REPORT 2 0 2 0 / CORPORATE OVERVI EW PERFORMANCE REVI EW SUSTAINABI L ITY CORPORATE GOVERNANCE F INANCIAL REPORT