ST Engineering Annual Report 2024

CONTENTS	II
CORPORATE OVERVIEW	2
Financial Highlights	2
Letter to Shareholders	4
Corporate Information	9
Board of Directors	10
Directors Seeking Re-election	17
Group Executive Committee	19
PERFORMANCE REVIEW	22
Technology and Innovation	22
Operating Review and Outlook	26
Commercial Aerospace	26
Defence & Public Security	32
Urban Solutions & Satcom	38
Financial Review	44
Investor Relations	52
Awards Highlights	54
SUSTAINABILITY	58
Board Statement	59
Environment	62
Social	65
Governance	76
Corporate Governance Report	76
FINANCIAL REPORT	107
Directors’ Statement	108
Independent Auditors’ Report	122
Consolidated Income Statement	128
Consolidated Statement of Comprehensive Income	129
Consolidated Statement of Financial Position	130
Consolidated Statement of Changes in Equity	132
Consolidated Statement of Cash Flows	136
Notes to the Consolidated Financial Statements	138
Statement of Financial Position of the Company	258
Notes to the Statement of Financial Position of the Company	259
Shareholding Statistics	262
SGX Listing Rules Requirement	264

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