Financial Summary

    2013
Restated(1)
2014 2015 2016 2017(2)
(A) INCOME STATEMENT
(S$ million)
         
  Revenue 3,511.0 3,924.6 4,761.9 5,252.3 4,609.8
  Earnings before interest and tax (EBIT) 2,258.6 2,436.9 2,316.0 2,359.5 3,110.5
  Profit attributable to shareholders (PATMI) 840.2 1,160.8 1,065.7 1,190.3 1,550.7
  Operating PATMI 502.5 705.3 823.6 865.3 908.3
             
(B) BALANCE SHEET
(S$ million)
         
  Investment properties 15,495.9 17,149.2 19,427.5 18,998.4 36,479.4
  Development properties for sale and stocks 7,382.4 7,673.7 6,936.3 4,837.1 4,073.7
  Associates and joint ventures 12,673.2 12,780.9 12,858.1 12,617.3 10,197.2
  Cash and cash equivalents 6,306.3 2,749.4 4,173.3 4,792.6 6,105.3
  Other assets 3,205.3 3,760.3 3,657.4 4,495.4 4,590.1
  Total assets 45,063.1 44,113.5 47,052.6 45,740.8 61,445.7
             
  Equity attributable to owners of the Company 16,108.9 16,758.0 17,905.3 17,604.8 18,382.4
  Total borrowings 15,936.2 15,985.8 16,058.5 14,852.4 21,694.9
  Non-controlling interests and other liabilities 13,018.0 11,369.7 13,088.8 13,283.6 21,368.4
  Total equities & liabilities 45,063.1 44,113.5 47,052.6 45,740.8 61,445.7
             
(C) FINANCIAL RATIOS          
  Earnings per share (cents) 19.7 27.3 25.0 28.0 36.5
  Net tangible assets per share (S$) 3.68 3.83 4.11 4.05 4.20
  Return on equity (%) 5.4 7.1 6.1 6.6 8.5
  Return on total assets (%) 4.9 5.1 4.4 4.4 5.3
  Debt to equity ratio (net of cash) (times) 0.39 0.57 0.48 0.41 0.49
  Net debt/Total assets (net of cash) (times) 0.25 0.32 0.28 0.25 0.28
  Interest cover (times) 5.7 7.2 6.1 6.5 8.1
  Interest service (times) 4.6 4.6 6.7 10.3 6.7
             
  Dividend          
  Ordinary dividend per share (cents) 8.0 9.0 9.0 10.0 12.0 (3)
  Total dividend per share (cents) 8.0 9.0 9.0 10.0 12.0 (3)
  Dividend cover (times) 2.5 3.0 2.8 2.8 3.0

Note:

  1. Comparatives for 2013 have been restated to take into account:
    (i) the retrospective adjustment relating to FRS 110 Consolidated Financial Statements and
    (ii) re-presentation of Australand's results under "discontinued operation" in accordance with FRS 105 Non-current Assets Held for Sale and Discontinued Operation.
  2. In 3Q 2017, the Group commenced consolidation of CMT, CRCT and RCST which were previously equity accounted as associates and joint ventures.
  3. Proposed dividend per share of 12 Singapore cents is subjected to final shareholders' approval at the upcoming Annual General Meeting.