NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 (CURRENCY – SINGAPORE DOLLARS UNLESS OTHERWISE STATED) C1 Property, plant and equipment (continued) Operating lease Included in the tables below are property, plant and equipment that the Group leases out, comprising aircraft and aircraft engines, furniture, fittings, office equipment and others*. The Group has classified these leases as operating leases, because they do not transfer substantially all of the risks and rewards incidental to the ownership of the assets. Movements in these assets that are subject to operating leases are presented below. Group Furniture, fittings, office equipment and others* Aircraft and aircraft engines Total $’000 $’000 $’000 Cost At 1 January 2024 1,434 452,083 453,517 Additions 430 93,265 93,695 Disposals/write-off – (180,124) (180,124) Reclassifications – (16,198) (16,198) Translation difference 44 13,303 13,347 At 31 December 2024 1,908 362,329 364,237 Accumulated depreciation At 1 January 2024 889 67,827 68,716 Depreciation charge 486 17,924 18,410 Disposals/write-off – (8,528) (8,528) Reclassifications – (2,702) (2,702) Translation difference 35 1,878 1,913 At 31 December 2024 1,410 76,399 77,809 Net book value At 31 December 2024 498 285,930 286,428 Group Furniture, fittings, office equipment and others* Aircraft and aircraft engines Total $’000 $’000 $’000 Cost At 1 January 2023 1,566 733,541 735,107 Additions 177 – 177 Disposals/write-off (241) (249,881) (250,122) Reclassifications (38) (18,631) (18,669) Translation difference (30) (12,946) (12,976) At 31 December 2023 1,434 452,083 453,517 Accumulated depreciation At 1 January 2023 1,036 53,587 54,623 Depreciation charge 134 38,809 38,943 Disposals/write-off (241) (21,627) (21,868) Reclassifications (18) (1,602) (1,620) Translation difference (22) (1,340) (1,362) At 31 December 2023 889 67,827 68,716 Net book value At 31 December 2023 545 384,256 384,801 * Others comprise transportation equipment, vehicles and satellites. 164 ST ENGINEERING | ANNUAL REPORT 2024
RkJQdWJsaXNoZXIy ODIwNTc=