Group Note 2024 2023 $’000 $’000 Non-current liabilities Contract liabilities C13 1,599,390 1,274,916 Trade payables and accruals C9 100,484 59,109 Provisions C11 39,921 39,095 Deferred tax liabilities B6 185,506 156,422 Borrowings E4 2,876,432 3,544,431 Deferred income C12 18,424 15,851 Post-employment benefits D3 190,893 209,840 Derivative financial instruments C16 20,805 4,543 5,031,855 5,304,207 Total liabilities 13,270,452 12,626,565 Net assets 2,950,847 2,752,336 Share capital and reserves Share capital E6 895,926 895,926 Treasury shares E7 (32,806) (29,644) Capital reserves E8 88,733 93,464 Other reserves E9 (60,851) (63,346) Retained earnings 1,779,371 1,562,940 Equity attributable to owners of the Company 2,670,373 2,459,340 Non-controlling interests F3 280,474 292,996 2,950,847 2,752,336 Total equity and liabilities 16,221,299 15,378,901 CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2024 (CURRENCY – SINGAPORE DOLLARS UNLESS OTHERWISE STATED) The accompanying notes are an integral part of the financial statements. 131 CORPORATE OVERVIEW PERFORMANCE REVIEW SUSTAINABILITY FINANCIAL REPORT
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