NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2024 (CURRENCY – SINGAPORE DOLLARS UNLESS OTHERWISE STATED) F3 Non-controlling interests in subsidiaries (continued) Name of subsidiary 2023 ST Engineering Aerospace Services Company Pte. Ltd. $’000 NCI percentage 20% Principal place of business/Country of incorporation Singapore Revenue 363,634 Profit after taxation 32,011 Other comprehensive income/(loss) 38 Total comprehensive income 32,049 Attributable to NCI: – Profit 6,402 – Other comprehensive income/(loss) 8 – Total comprehensive income/(loss) 6,410 Non-current assets 159,432 Current assets 264,191 Non-current liabilities (75,234) Current liabilities (143,325) Net assets 205,064 Net assets attributable to NCI 41,013 Cash flows from/(used in) operating activities 62,044 Cash flows (used in)/from investing activities (8,784) Cash flows (used in)/from financing activities* (36,563) Net changes in cash and cash equivalents 16,697 * including dividends to NCI – 240 ST ENGINEERING | ANNUAL REPORT 2024
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