ST Engineering Annual Report 2020

Corporate Overview	0
Financial Highlights	2
Letter to Shareholders	4
Board of Directors	14
Directors Seeking Re-election	20
Corporate Information	23
Group Executive Committee	24
Q&A with Group Executive Committee	26
Technology and Innovation	34
Performance Review	38
Aerospace	38
Electronics	44
Land Systems	50
Marine	56
Financial Review	62
Awards	72
Sustainability	74
Board Statement	74
Materiality Assessment & Stakeholders	76
2020 Highlights	76
Environment	78
Social	86
Governance	102
Financial Report	126
Directors’ Statement	127
Independent Auditors’ Report	139
Consolidated Income Statement	148
Consolidated Statement of Comprehensive Income	149
Consolidated Balance Sheet	150
Consolidated Statement of Changes in Equity	152
Consolidated Statement of Cash Flows	156
Notes to the Financial Statements	158
Sectoral Financial Review	286
Shareholding Statistics	302
SGX Listing Rules Requirement	304

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