Financial Summary

    2014 2015 2016 2017(1) 1H 2018
(A) INCOME STATEMENT
(S$ million)
         
  Revenue 3,924.6 4,761.9 5,252.3 4,609.8 2,178.0
  Earnings before interest and tax (EBIT) 2,436.9 2,316.0 2,359.5 3,110.5 2,071.6
  Profit attributable to shareholders (PATMI) 1,160.8 1,065.7 1,190.3 1,550.7 924.6
  Operating PATMI 705.3 823.6 865.3 908.3 424.7
             
(B) BALANCE SHEET
(S$ million)
         
  Investment properties 17,149.2 19,427.5 18,998.4 36,479.4 38,196.7
  Development properties for sale and stocks 7,673.7 6,936.3 4,837.1 4,073.7 3,704.6
  Associates and joint ventures 12,780.9 12,858.1 12,617.3 10,197.2 10,712.3
  Cash and cash equivalents 2,749.4 4,173.3 4,792.6 6,105.3 5,336.3
  Other assets 3,760.3 3,657.4 4,495.4 4,590.1 4,587.1
  Total assets 44,113.5 47,052.6 45,740.8 61,445.7 62,537.0
             
  Equity attributable to owners of the Company 16,758.0 17,905.3 17,604.8 18,382.4 18,865.9
  Total borrowings 15,985.8 16,058.5 14,852.4 21,694.9 21,927.8
  Non-controlling interests and other liabilities 11,369.7 13,088.8 13,283.6 21,368.4 21,743.3
  Total equities & liabilities 44,113.5 47,052.6 45,740.8 61,445.7 62,537.0
             
(C) FINANCIAL RATIOS          
  Earnings per share (cents) 27.3 25.0 28.0 36.5 14.4
  Net tangible assets per share (S$) 3.83 4.11 4.05 4.20 4.39
  Return on equity (%) 7.1 6.1 6.6 8.5 NM
  Return on total assets (%) 5.1 4.4 4.4 5.3 NM
  Debt to equity ratio (net of cash) (times) 0.57 0.48 0.41 0.49 0.50
  Net debt/Total assets (net of cash) (times) 0.32 0.28 0.25 0.28 0.29
  Interest cover (times) 7.2 6.1 6.5 8.1 7.8(2)
  Interest service (times) 4.6 6.7 10.3 6.7 5.8(2)
             
  Dividend          
  Ordinary dividend per share (cents) 9.0 9.0 10.0 12.0 NM
  Total dividend per share (cents) 9.0 9.0 10.0 12.0 NM
  Dividend cover (times) 3.0 2.8 2.8 3.0 NM

Note:

  1. In 3Q 2017, the Group commenced consolidation of CMT, CRCT and RCST which were previously equity accounted as associates and joint ventures.
  2. On a run rate basis.
  3. NM - Not Meaningful. We do not disclose on a quarterly or half-yearly basis.