NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 (CURRENCY – SINGAPORE DOLLARS UNLESS OTHERWISE STATED) A. ABOUT THIS REPORT General The Company is a public limited company domiciled and incorporated in Singapore. The address of the Company’s registered office and principal place of business is 1 Ang Mo Kio Electronics Park Road #07-01 ST Engineering Hub, Singapore 567710. The principal activity of the Company is that of an investment holding company. The Company’s immediate and ultimate holding company is Temasek Holdings (Private) Limited, a company incorporated in Singapore. The consolidated financial statements of Singapore Technologies Engineering Ltd and its subsidiaries (collectively referred to as the Group) as at 31 December 2024 and for the year then ended were authorised and approved by the Board of Directors for issuance on 26 February 2025. Basis of preparation The financial statements are prepared in accordance with Singapore Financial Reporting Standards (International) (SFRS(I)). The financial statements have been prepared on the historical cost convention, except as otherwise described in the accounting policies below. Accounting policies, estimates and critical accounting judgements applied to the preparation of the financial statements are disclosed together with the related accounting balance or financial statement matters discussed. Information is only being included in the financial report to the extent it has been considered material and relevant to the understanding of the financial statements. A disclosure is considered material and relevant if: • dollar amount is significant in value • dollar amount is significant by nature • financial results cannot be understood without specific disclosure • critical to allow user to understand significant changes in group businesses The financial statements are presented in Singapore dollars (SGD) which is the Company’s functional currency. All values are rounded to the nearest thousand ($’000) unless otherwise indicated. Material accounting policy information The accounting policies have been applied consistently by the Group entities to all periods presented in these financial statements unless otherwise indicated. 138 ST ENGINEERING | ANNUAL REPORT 2024
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