NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 (CURRENCY – SINGAPORE DOLLARS UNLESS OTHERWISE STATED) B1 Segment information (continued) 2023 Commercial Aerospace Defence & Public Security Urban Solutions & Satcom Elimination Group $’000 $’000 $’000 $’000 $’000 Revenue External sales 3,905,269 4,251,967 1,943,785 – 10,101,021 Inter-segment sales 60,791 36,731 36,795 (134,317) – 3,966,060 4,288,698 1,980,580 (134,317) 10,101,021 Reportable segment profit from operations 282,665 542,872 14,573 – 840,110 Non-operating income, net (309) 16,254 509 – 16,454 Share of results of associates and joint ventures, net of tax 54,880 8,291 (5,078) – 58,093 Earnings before interest and tax 337,236 567,417 10,004 – 914,657 Finance income 41,286 Finance costs (251,732) Profit before taxation 704,211 Taxation (99,785) Non-controlling interests (17,959) Profit attributable to shareholders 586,467 Other assets 4,737,972 5,768,074 5,858,657 (2,120,721) 14,243,982 Associates and joint ventures 444,807 100,926 21,671 – 567,404 Segment assets 5,182,779 5,869,000 5,880,328 (2,120,721) 14,811,386 Deferred tax assets 214,178 Bank balances and other liquid funds 353,337 Total Assets 15,378,901 Segment liabilities 1,790,448 5,109,060 957,008 (1,660,424) 6,196,092 Provision for taxation 165,959 Deferred tax liabilities 156,422 Borrowings 6,108,092 Total Liabilities 12,626,565 Capital expenditure 310,273 363,615 118,838 (27,642) 765,084 Depreciation and amortisation 195,109 136,624 210,865 (1,162) 541,436 Allowance for inventory obsolescence, net 24,089 (1,262) 5,307 – 28,134 Impairment losses – 3,283 9,336 – 12,619 142 ST ENGINEERING | ANNUAL REPORT 2024
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