CONSOLIDATED STATEMENT OF CHANGES IN …

1 Attributable to owners of the Company Currency Share-based Non- Share Reserve for translation Capital Merger payments Fair value Hedging Revenue Perpetual controlling Total capital own shares reserve reserve reserve reserve reserve reserve reserve Total securities Total interests equity Group S$ 000 S$ 000 S$ 000 S$ 000

2 S$ 000 S$ 000 S$ 000 S$ 000 S$ 000 S$ 000 S$ 000 S$ 000 S$ 000 S$ 000At January 1, 2016 565,572 (8,645) (84,321) 114,766 29,201 (18,050) 27,398 (203,287) 5,207,742 5,630,376 802,688 6,433,064 1,610,430 8,043,494 Total comprehensive income for the year Profit for the year 394,889 394,889 394,889 42,265 437.

3 154 Other comprehensive income Foreign currency translation differences for foreign operations (38,732) (38,732) (38,732) (2,865) (41,597) Exchange differences on monetary items forming part of net investment in foreign operation 9,893 9,893 9.

4 893 9,893 Net change in fair value of cash flow hedges 66,513 66,513 66,513 19,388 85,901 Net change in fair value of cash flow hedges reclassified to profit or loss 39,911 39,911 39,911 2,180 42,091 Net change in fair value of available-for-sale financial assets (11,660) (11,660) (11,660)

5 (7,668) (19,328) Net change in fair value of available-for-sale financial assets reclassified to profit or loss 5,035 5,035 5,035 3.

6 302 8,337 Defined benefit plan actuarial gains and losses (113) (113) (113) (86) (199) Share of other comprehensive income of associates and joint ventures 1 18,375 18,376 18,376 18,376 Total other comprehensive income for the year (28,839) 1 (6,625) 124,799 (113)

7 89,223 89,223 14,251 103,474 Total comprehensive income for the year (28,839) 1 (6,625) 124,799 394,776 484,112 484,112 56,516 540,628 The accompanying notes form an integral part of these financial STRONGER SEMBCORP INDUSTRIES ANNUAL REPORT 2016 181180 CONSOLIDATED STATEMENT OF CHANGES IN EQUITYYear ended December 31, 2016 Attributable to owners of the Company Currency Share-based Non- Share Reserve for translation Capital Merger payments Fair value

8 Hedging Revenue Perpetual controlling Total capital own shares reserve reserve reserve reserve reserve reserve reserve Total securities Total interests equity Group S$ 000 S$ 000 S$ 000 S$ 000 S$ 000 S$ 000 S$ 000 S$ 000 S$ 000 S$ 000 S$ 000 S$ 000 S$ 000 S$ 000 Transactions with owners of the Company.

9 Recognised directly in equity Redemption of preference shares for non-controlling interests of a subsidiary (7,380) (7,380) Contribution by non-controlling interests 4,397 4.

10 397 Share-based payments 17,049 17,04