NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 (CURRENCY – SINGAPORE DOLLARS UNLESS OTHERWISE STATED) C16 Derivative financial instruments (continued) Cash flow hedges (continued) The amounts relating to items designated as hedging instruments and hedge ineffectiveness are as follows: 2024 Group Nominal amount Assets Liabilities Line item in the statement of financial position where the hedging instrument is included $’000 $’000 $’000 Foreign currency risk Forward exchange contracts 1,366,078 5,105 (49,184) Derivative financial instruments, advances and other receivables and trade payables and accruals Embedded derivatives 674,969 5,263 (485) Derivative financial instruments Interest rate risk Interest rate swaps 343,588 3,509 (261) Derivative financial instruments 206 ST ENGINEERING | ANNUAL REPORT 2024
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