NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 (CURRENCY – SINGAPORE DOLLARS UNLESS OTHERWISE STATED) E4 Borrowings (continued) Reconciliation of movements of liabilities and assets to cash flows arising from financing activities (continued) Liabilities Assets Group Borrowings Trade payables and accruals Amounts due to related parties Restricted Cash Total $’000 $’000 $’000 $’000 $’000 Balance at 1 January 2023 6,534,537 2,899,210 41,887 (22) 9,475,612 Changes from financing cash flows Proceeds from bank loans 621,354 – – – 621,354 Proceeds from commercial papers 1,901,135 – – – 1,901,135 Proceeds from medium-term note issuance 676,800 – – – 676,800 Repayment of bank loans (865,375) – – – (865,375) Repayment of commercial papers (2,641,075) – – – (2,641,075) Repayment of lease liabilities (132,796) – – – (132,796) Interest paid (127,404) (154,352) – – (281,756) Restricted cash – – – 1 1 Total changes from financing cash flows (567,361) (154,352) – 1 (721,712) Changes arising from obtaining or losing control of subsidiaries – – – – – The effect of changes in foreign exchange rates (129,494) (12,403) – – (141,897) Change in fair value 6,055 – – – 6,055 Liability-related other changes Working capital changes 36,694 327,456 8,281 – 372,431 New leases 146,105 – – – 146,105 Interest expense 81,556 154,273 – – 235,829 Total liability-related other changes 264,355 481,729 8,281 – 754,365 Balance at 31 December 2023 6,108,092 3,214,184 50,168 (21) 9,372,423 E5 Commitments and contingent liabilities (i) Capital commitments Group 2024 2023 $’000 $’000 Capital expenditure contracted but not provided for in the financial statements* 414,384 137,052 * Major capital expenditure included hangar, data centre, plant and machinery, production tools and equipment. 228 ST ENGINEERING | ANNUAL REPORT 2024
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