Notes to the financial statements Year ended 31 December 2024 17. NON-CONTROLLING INTERESTS (continued) Xinsu subgroup(1) Ascendas Hangzhou Science & Technology Co., Ltd. Ascendas Hangzhou Data Processing Co., Ltd. Xi An AscendasScience Technology Investment Co., Ltd. Total $’000 $’000 $’000 $’000 $’000 2024 Statement of financial position Non-current assets 444,625 149,352 188,737 62,888 845,602 Current assets 63,446 13,917 18,549 8,644 104,556 Non-current liabilities (42,248) (39,884) (63,310) (2,154) (147,596) Current liabilities (19,347) (4,488) (5,525) (3,189) (32,549) Net assets 446,476 118,897 138,451 66,189 770,013 Statement of financial position Net assets based on percentage shareholdings 218,773 23,779 27,690 13,238 283,480 Net assets attributable to NCI 218,773 23,779 27,690 13,238 283,480 Statement of total return Revenue 42,671 11,311 15,407 6,107 75,496 Total return after taxation 18,110 2,937 4,874 1,544 27,465 Attributable to NCI: Total return after taxation 8,874 587 975 309 10,745 Total return allocated to NCI 8,874 587 975 309 10,745 Statement of cash flows Cash flows from operating activities 24,134 5,780 8,333 4,302 42,549 Cash flows used in investing activities (1,391) (1,683) (488) (883) (4,445) Cash flows used in financing activities (dividends to NCI: SGD3,420,000) (33,612) (5,955) (7,852) (2,868) (50,287) Net (decrease)/increase in cash and cash equivalents (10,869) (1,858) (7) 551 (12,183) 139 Annual Report 2024
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