NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 (CURRENCY – SINGAPORE DOLLARS UNLESS OTHERWISE STATED) B1 Segment information (continued) Inter-segment pricing is based on terms negotiated between the parties which are intended to reflect competitive terms. 2024 Commercial Aerospace Defence & Public Security Urban Solutions & Satcom Elimination Group $’000 $’000 $’000 $’000 $’000 Revenue External sales 4,384,398 4,934,508 1,956,753 – 11,275,659 Inter-segment sales 55,874 36,472 52,414 (144,760) – 4,440,272 4,970,980 2,009,167 (144,760) 11,275,659 Reportable segment profit from operations 342,294 620,950 42,296 – 1,005,540 Non-operating expenses, net 26 – (85) – (59) Share of results of associates and joint ventures, net of tax 57,859 15,418 (2,291) – 70,986 Earnings before interest and tax 400,179 636,368 39,920 – 1,076,467 Finance income 37,862 Finance costs (251,644) Profit before taxation 862,685 Taxation (133,480) Non-controlling interests (26,949) Profit attributable to shareholders 702,256 Other assets 4,835,204 6,680,634 6,011,880 (2,623,000) 14,904,718 Associates and joint ventures 499,310 102,765 19,380 – 621,455 Segment assets 5,334,514 6,783,399 6,031,260 (2,623,000) 15,526,173 Deferred tax assets 264,484 Bank balances and other liquid funds 430,642 Total Assets 16,221,299 Segment liabilities 1,939,312 6,217,255 1,098,336 (2,140,270) 7,114,633 Provision for taxation 148,777 Deferred tax liabilities 185,506 Borrowings 5,821,536 Total Liabilities 13,270,452 Capital expenditure 286,151 195,046 117,450 (21,881) 576,766 Depreciation and amortisation 183,371 167,785 190,635 (3,957) 537,834 Allowance for inventory obsolescence, net 7,189 27,306 7,636 – 42,131 Write-back of impairment loss – (24) – – (24) 141 CORPORATE OVERVIEW PERFORMANCE REVIEW SUSTAINABILITY FINANCIAL REPORT
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