NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 (CURRENCY – SINGAPORE DOLLARS UNLESS OTHERWISE STATED) F3 Non-controlling interests in subsidiaries The following table summarises the information relating to each of the Group’s subsidiaries with material non-controlling interests (NCI), based on their respective (consolidated) financial statements prepared in accordance with SFRS(I), modified for fair value adjustments on acquisition and differences from the Group’s accounting policies. The summarised financial information is not adjusted for percentage ownership held by NCI. Name of subsidiary 2024 ST Engineering Aerospace Services Company Pte. Ltd. $’000 NCI percentage 20% Principal place of business/Country of incorporation Singapore Revenue 369,713 Profit after taxation 19,502 Other comprehensive (loss)/income (7,123) Total comprehensive income/(loss) 12,379 Attributable to NCI: – Profit 3,900 – Other comprehensive (loss)/income (1,425) – Total comprehensive income/(loss) 2,475 Non-current assets 168,219 Current assets 253,886 Non-current liabilities (68,388) Current liabilities (156,269) Net assets 197,448 Net assets attributable to NCI 39,490 Cash flows from operating activities 54,434 Cash flows used in investing activities (19,463) Cash flows (used in)/from financing activities* (24,226) Net changes in cash and cash equivalents 10,745 * including dividends to NCI (4,000) 238 ST ENGINEERING | ANNUAL REPORT 2024
RkJQdWJsaXNoZXIy ODIwNTc=