NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 (CURRENCY – SINGAPORE DOLLARS UNLESS OTHERWISE STATED) B2 Revenue Disaggregation of revenue In the following table, revenue is disaggregated by major products/services lines and timing of revenue recognition. The table also includes a reconciliation of the disaggregated revenue with the Group’s reportable segments. Commercial Aerospace Defence & Public Security 2024 2023 2024 2023 $’000 $’000 $’000 $’000 Major products/services lines Sale of goods 1,561,049 1,496,247 1,453,696 1,249,796 Service income 476,230 300,876 2,010,012 1,698,504 Contract revenue 2,402,993 2,168,937 1,507,272 1,340,398 4,440,272 3,966,060 4,970,980 4,288,698 Timing of revenue recognition Transferred at a point in time 2,108,391 2,160,437 2,069,574 1,814,097 Transferred over time 2,331,881 1,805,623 2,901,406 2,474,601 4,440,272 3,966,060 4,970,980 4,288,698 144 ST ENGINEERING | ANNUAL REPORT 2024
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