Group Balance Sheets

In S$ billion

(From 2021 to 2025)
As at 31 March	2021	2022	2023	2024	2025
Shareholder equity excluding cumulative mark to market gains/(losses) of sub-20% investments	272.9	300.8	316.0	328.6	344.3
Cumulative mark to market gains/(losses) of sub-20% investments¹	74.6	56.5	30.5	26.0	33.9
Shareholder equity	347.5	357.3	346.5	354.6	378.2
Non - controlling interests	67.7	56.4	53.7	54.5	54.5
	415.2	413.7	400.2	409.1	432.7
Property, plant, and equipment	77.1	81.8	78.4	81.1	85.2
Rights-of-use assets	10.8	14.0	14.3	14.6	14.0
Intangible assets	27.7	32.1	41.5	38.4	38.9
Biological assets	0.5	0.4	0.5	0.5	0.5
Investments in associates and joint ventures	94.1	99.6	101.6	101.1	107.2
Financial assets	184.8	194.1	174.2	173.3	204.5
Investment properties	94.3	71.4	67.8	63.7	63.1
Deferred tax assets	1.9	2.2	2.1	2.5	2.7
Other non - current assets	7.7	6.8	4.6	5.5	6.4
Net current assets/(liabilities)	68.6	62.4	71.8	79.8	71.2
Current assets	154.1	169.9	169.0	180.9	177.2
Current liabilities	(85.5)	(107.5)	(97.2)	(101.1)	(106.0)
	567.5	564.8	556.8	560.5	593.7
Non - current liabilities	(152.3)	(151.1)	(156.6)	(151.4)	(161.0)
	415.2	413.7	400.2	409.1	432.7
Net debt²	91.5	90.0	78.5	76.3	98.7

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