FINANCIAL REVIEW CASH FLOWS In FY2024, the Group generated strong operating cash flow of $1,718m. $414m was deployed for investing activities and $1,222m for financing activities to end the year with CCE of $430m. Operating Activities Net cash from operating activities of $1,718m in FY2024 was higher than the prior year due to higher EBITDA and favourable working capital movements. Investing Activities Net cash used in investing activities of $414m in FY2024 was mainly attributed to the Group’s investment in property, plant and equipment ($480m), additions to intangible assets ($65m) and acquisition of D’Crypt Pte. Ltd. ($55m), partially offset by proceeds from disposal of property, plant and equipment ($191m) and dividends from associates and joint ventures ($48m). Financing Activities Net cash used in financing activities of $1,222m in FY2024 was mainly attributed to payment of dividends ($511m), net repayment of bank loans ($275m), interest paid ($211m) and net repayment of commercial papers ($113m). SIGNIFICANT ACCOUNTING POLICIES The Group’s financial statements are prepared in accordance with Singapore Financial Reporting Standards (International) (SFRS (I)). The significant accounting policies are presented at the end of each Notes to the Financial Statements (pages 138 to 261). The Group’s accounting policies and methods of computation in the preparation of the financial statements for the current reporting period are consistent with those used in the previous financial year. The adoption of the new and revised SFRS(I)s and related interpretations that are mandatory for financial year beginning on or after 1 January 2024 has no significant impact on the financial statements of the Group or the Company in the current year or prior financial years. (500) (1,000) 2,000 1,500 (1,500) CASH FLOWS ($m) Operating Activities 2023 2024 1,179 1,718 Investing Activities Financing Activities 2023 2024 (1,226) (1,222) 2023 2024 (201) (414) 0 1,000 500 48 ST ENGINEERING | ANNUAL REPORT 2024
RkJQdWJsaXNoZXIy ODIwNTc=