NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 (CURRENCY – SINGAPORE DOLLARS UNLESS OTHERWISE STATED) B1 Segment information (continued) Analysis by country of incorporation Revenue is based on the subsidiaries’ country of incorporation regardless of where the goods are produced or services rendered. Non-current assets, excluding derivative financial instruments and deferred tax assets, are based on the location of those assets. Revenue Non-current assets 2024 2023 2024 2023 $’000 $’000 $’000 $’000 Asia 6,771,555 5,760,303 2,574,923 2,446,852 U.S. 3,200,408 3,086,297 4,713,784 4,601,877 Europe 1,239,089 1,185,465 1,242,354 1,358,609 Others 64,607 68,956 92,670 90,692 11,275,659 10,101,021 8,623,731 8,498,030 For the year ended 31 December 2024: • Within Europe, revenue of approximately $927,494,000 (2023: $826,651,000) was from subsidiaries located in Germany. • Within Asia, most of the revenue was from subsidiaries located in Singapore. • The remaining revenue from subsidiaries in Asia, Europe and Others was individually insignificant. As at 31 December 2024: • Within Europe, non-current assets of approximately $570,696,000 (2023: $623,331,000), $370,868,000 (2023: $375,435,000) and $227,840,000 (2023: $315,111,000) were from subsidiaries located in Germany, Belgium and Ireland respectively. • Within Asia, most of the non-current assets were from subsidiaries located in Singapore. • The remaining non-current assets located in Asia, Europe and Others were individually insignificant. 143 CORPORATE OVERVIEW PERFORMANCE REVIEW SUSTAINABILITY FINANCIAL REPORT
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