NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 (CURRENCY – SINGAPORE DOLLARS UNLESS OTHERWISE STATED) C14 Financial risk management objectives and policies (continued) Expected credit loss assessment (continued) The table below shows the aging and loss allowance analysis of the Group’s trade receivables as at 31 December 2024 and 2023: Not past due 1 – 90 days 91 – 180 days 181 – 360 days > 360 days Total $’000 $’000 $’000 $’000 $’000 $’000 2024 Commercial Aerospace Trade receivables and contract assets 884,070 65,138 4,453 3,752 3,415 960,828 Loss allowance (9,376) (3,006) (571) (1,194) (2,694) (16,841) Defence & Public Security Trade receivables and contract assets 1,898,051 101,981 8,034 1,728 3,943 2,013,737 Loss allowance (9,105) (598) (167) (66) (3,304) (13,240) Urban Solutions & Satcom Trade receivables and contract assets 993,243 63,172 10,831 5,341 9,320 1,081,907 Loss allowance (1,448) (1,785) (1,538) (1,325) (9,320) (15,416) 2023 Commercial Aerospace Trade receivables and contract assets 790,908 61,663 6,920 2,707 5,850 868,048 Loss allowance (23,113) (3,212) (1,016) (1,159) (4,834) (33,334) Defence & Public Security Trade receivables and contract assets 1,811,112 98,956 6,789 1,582 5,234 1,923,673 Loss allowance (9,093) (101) (108) (124) (4,227) (13,653) Urban Solutions & Satcom Trade receivables and contract assets 1,014,715 56,240 11,593 5,936 21,290 1,109,774 Loss allowance (4,000) (1,250) (733) (2,042) (13,808) (21,833) 190 ST ENGINEERING | ANNUAL REPORT 2024
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