Note 2024 2023 $’000 $’000 ASSETS Non-current assets Property, plant and equipment 2 366 476 Right-of-use assets 134 90 Subsidiaries 3 1,958,153 1,634,953 1,958,653 1,635,519 Current assets Amounts due from related parties 4 34,256 1,169 Advances and other receivables 239 101 Bank balances and other liquid funds 5 35,484 8,163 69,979 9,433 Total assets 2,028,632 1,644,952 EQUITY AND LIABILITIES Current liabilities Other payables and accruals 6 7,210 6,937 Amounts due to related parties 4 36,199 494 Provision for taxation 188 333 Lease liabilities 48 – 43,645 7,764 Net current assets 26,334 1,669 Non-current liabilities Lease liabilities 44 – 44 – Total liabilities 43,689 7,764 Net assets 1,984,943 1,637,188 Share capital and reserves Share capital 7 895,926 895,926 Treasury shares 7 (32,806) (29,644) Capital reserves 7 (27,342) (22,599) Other reserves 7 83,403 77,348 Retained earnings 1,065,762 716,157 1,984,943 1,637,188 Total equity and liabilities 2,028,632 1,644,952 STATEMENT OF FINANCIAL POSITION OF THE COMPANY AS AT 31 DECEMBER 2024 (CURRENCY - SINGAPORE DOLLARS UNLESS OTHERWISE STATED) The accompanying notes form an integral part of these financial statements. 258 ST ENGINEERING | ANNUAL REPORT 2024
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