NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 (CURRENCY – SINGAPORE DOLLARS UNLESS OTHERWISE STATED) E8 Capital reserves Included in capital reserves are: (a) an amount of $115,948,000 (2023: $115,948,000) relating to share premium of the respective pooled enterprises, namely ST Engineering Aerospace Ltd., ST Engineering Urban Solutions Ltd., ST Engineering Land Systems Ltd. and ST Engineering Marine Ltd. classified as capital reserve upon the pooling of interests during the year ended 31 December 1997; and (b) an amount of $27,215,000 (2023: $22,484,000) relating to realised loss (2023: realised loss) on reissuance of treasury shares under share-based payment arrangements as at 31 December 2024. Capital reserves are non-distributable. E9 Other reserves Group 2024 2023 $’000 $’000 Foreign currency translation reserve (179,380) (225,691) Statutory reserve 2,714 2,455 Fair value reserve 39,021 87,442 Share-based payment reserve 93,539 87,497 Premium paid on acquisition of non-controlling interests (16,745) (15,049) (60,851) (63,346) Fair value reserve movement arising from other comprehensive income comprises: Net fair value changes on financial assets: – Net fair value changes during the year for FVOCI equity instruments (1,937) 2,769 Foreign currency translation reserve movement arising from other comprehensive income comprises: Foreign currency translation differences arising from: – Translation of loans forming part of net investments in foreign entities (4,186) 2,468 – Share of translation difference of associates and joint ventures 10,744 (7,960) – Reserves released on disposal of subsidiaries (261) 549 – Translation of foreign entities 40,014 (15,008) 46,311 (19,951) Other reserves are non-distributable. 233 CORPORATE OVERVIEW PERFORMANCE REVIEW SUSTAINABILITY FINANCIAL REPORT
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