Full Annual Report 2006 - Singapore Technologies Engineering

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207 SECTORAL FINANCIAL REVIEW – ELECTRONICS STATEMENT OF CASH FLOWS 2006 2005 $’000 $’000 Net cash from operating activities 34,760 3,042 Net cash used in investing activities (19,998) (269,921) Proceeds from sale of property, plant and equipment 262 9 Dividends from associated companies 2,025 732 Dividends from investments 378 1,999 Proceeds from sale of investments 29,264 1,813 Proceed from convertible loan/promissory note redemption – 4,872 Proceed from capital redemption of an associated company 170 238 Purchase of property, plant and equipment (12,006) (7,125) Purchase of investments/convertible loan (725) (3,644) Investment in associated companies/joint venture (6,611) (6,654) Acquisition of subsidiaries (32,615) (261,143) Dilution of interest in subsidiary – (963) Loan to an investee company – (55) Loan to an associated company (140) - Net cash from financing activities 19,242 273,106 Capital contribution from minority shareholders of a subsidiary – 133 Repayment of lease obligations (51) (9) Proceeds from inter-company loans, net of repayment 98,040 327,437 Proceeds from bank loans, net of repayment 2,591 5,355 Dividends paid to shareholder (76,000) (58,300) Dividend paid to minority shareholders of a subsidiary (889) (1,075) Interest paid (4,449) (435) Net increase in cash and cash equivalents 34,004 6,227 Cash and cash equivalents at beginning of year 106,809 101,400 Exchange difference on cash and cash equivalents at beginning of year (3,307) (818) Cash and cash equivalents at end of year 137,506 106,809
THE WINNING SPIRIT ST Engineering AR 2006 208 SECTORAL FINANCIAL REVIEW – ELECTRONICS VALUE ADDED STATEMENT 2006 2005 2004 2003 2002 $’000 $’000 $’000 $’000 $’000 Value added from: Revenue earned 965,757 712,223 636,681 621,100 579,376 Bought in materials and services (580,970) (443,918) (396,458) (389,430) (351,621) 384,787 268,305 240,223 231,670 227,755 Income from investments and interest 17,037 5,660 1,953 84 4,288 Exchange gain/(loss) (726) 321 (263) 385 (76) Other operating income/(expenses) 637 (138) 209 22 – Other non-operating income 825 889 1,484 1,494 1,398 Share of results of associated companies and joint ventures 4,674 (1,598) 345 (269) (840) Amortisation of goodwill on acquisition of associated companies – – – (258) (73) Total value added 407,234 273,439 243,951 233,128 232,452 Distribution of total value added To employees in wages, salaries and benefits 270,816 187,600 167,821 161,920 167,955 To government in income and other taxes 27,170 16,731 14,821 15,686 15,363 To providers of capital on: • Interest paid on borrowings 8,879 1,495 113 48 5 • Dividends to shareholder 76,000 58,300 52,800 45,600 40,260 382,865 264,126 235,555 223,254 223,583 Balance retained in/(applied from) business Depreciation 15,520 8,781 8,750 7,884 8,332 Retained profits (12,481) (4,059) (4,097) 969 (2,497) 3,039 4,722 4,653 8,853 5,835 Non-production cost and income Bad debts 5,019 (1,390) 2,053 552 (1,178) Income from investments and interest 17,037 5,660 1,953 84 4,288 Exchange gain/(loss) (726) 321 (263) 385 (76) 21,330 4,591 3,743 1,021 3,034 Total distribution 407,234 273,439 243,951 233,128 232,452
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THE WINNING SPIRIT ANNUAL REPORT 20
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11 Peter SEAH Lim Huat Chairman (le
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THE WINNING SPIRIT ST Engineering A
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33 Corporate Governance Board’s C
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43 Corporate Governance COMPLIANCE
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45 Environment, Health and Safety A
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47 Investor Relations ST ENGINEERIN
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49 Share Price Performance ST ENGIN
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57 Operating Financial Review GROUP
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59 Operating Financial Review PERFO
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61 Operating Financial Review Capit
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LAND SYSTEMS SECTOR MARINE SECTOR C
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67 Aerospace FLYING HIGH WITH TOTAL
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69 Aerospace Full Year Performance
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75 Land Systems BREAKING NEW GROUND
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77 Land Systems Major Acquisitions
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91 Directors’ Report AS AT 31 DEC
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101 Directors’ Report AS AT 31 DE
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103 Statement by Directors We, Pete
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105 Balance Sheets AS AT 31 DECEMBE
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107 Statements of Changes in Equity
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109 Consolidated Statement of Cash
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111 Consolidated Statement of Cash
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Page 186 and 187: 201 SECTORAL FINANCIAL REVIEW - AER
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Page 190 and 191: 205 SECTORAL FINANCIAL REVIEW - ELE
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Page 196 and 197: 211 SECTORAL FINANCIAL REVIEW - LAN
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Page 200 and 201: 215 SECTORAL FINANCIAL REVIEW - MAR
Page 206 and 207: 221 Group Structure - Singapore Tec
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Page 210 and 211: 225 CORPORATE INFORMATION BOARD OF
Page 212 and 213: SINGAPORE TECHNOLOGIES ENGINEERING
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Full Annual Report 2006 - Singapore Technologies Engineering

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