Group Share capital Treasury shares $’000 $’000 At 1 January 2024 895,926 (29,644) Total comprehensive income for the year Profit after taxation – – Other comprehensive income Defined benefit plan remeasurements – – Net fair value changes on equity investment at FVOCI – – Net fair value changes of cash flow hedges reclassified to income statement – – Effective portion of changes in fair value of cash flow hedges – – Share of net fair value changes on cash flow hedges of joint ventures – – Foreign currency translation differences – – Share of foreign currency translation differences of associates and joint ventures – – Reserves released on disposal of subsidiaries – – Other comprehensive income for the year, net of tax – – Total comprehensive income for the year, net of tax – – Hedging gains and losses and cost of hedging transferred to the cost of inventory – – Transactions with owners of the Company, recognised directly in equity Contributions by and distributions to owners of the Company Cost of share-based payment – – Purchase of treasury shares – (33,325) Treasury shares reissued pursuant to share plans – 30,163 Dividends paid – – Dividends paid to non-controlling interests – – Total contributions by and distributions to owners of the Company – (3,162) Changes in ownership interests in subsidiaries Acquisition of non-controlling interests in a subsidiary without a change in control – – Disposal of subsidiary – – Total transactions with owners of the Company – (3,162) Transfer from retained earnings to statutory reserve – – Transfer from other reserves to retained earnings – – Balance at 31 December 2024 895,926 (32,806) CONSOLIDATED STATEMENT OF CHANGES IN EQUITY FOR THE YEAR ENDED 31 DECEMBER 2024 (CURRENCY – SINGAPORE DOLLARS UNLESS OTHERWISE STATED) The accompanying notes are an integral part of the financial statements. 132 ST ENGINEERING | ANNUAL REPORT 2024
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