Financial Summary

    2021 2020 2019 2018 2017
Restated(1)
(A) INCOME STATEMENT
(S$ million)		          
  Revenue 2,730.0 6,532.6 6,234.8 5,602.4 4,618.2
  Earnings before interest and tax (EBIT) 2,165.7 231.5 5,067.6 4,145.0 3,302.2
  Profit/(Loss) attributable to shareholders [PATMI/(Net Loss)] 922.2 (1,574.3) 2,135.9 1,762.5 1,569.6
  Operating PATMI 433.6 769.9 1,057.2 872.2 927.2
             
(B) BALANCE SHEET
(S$ million)		          
  Investment properties 48,534.6 47,872.9 48,731.9 39,446.0 36,479.4
  Development properties for sale and stocks 6,627.1 6,778.2 7,725.1 5,128.6 3,977.0
  Associates and joint ventures 12,946.6 12,527.8 12,996.2 10,179.6 10,205.4
  Cash and cash equivalents 7,844.7 9,175.4 6,167.6 5,059.8 6,105.3
  Other assets 6,725.2 8,015.6 6,725.1 4,833.6 4,772.1
  Total assets 82,678.2 84,369.9 82,345.9 64,647.6 61,539.2
             
  Equity attributable to owners of the Company 23,018.1 22,306.1 23,359.5 18,952.7 18,412.9
  Total borrowings 32,902.5 35,158.4 31,411.1 23,633.9 21,694.9
  Non-controlling interests and other liabilities 26,757.6 26,905.4 27,575.3 22,061.0 21,431.4
  Total equities & liabilities 82,678.2 84,369.9 82,345.9 64,647.6 61,539.2
             
(C) FINANCIAL RATIOS          
  Earnings per share (cents) 17.7 (31.0) 46.4 42.1 37.0
  Net tangible assets per share (S$) 4.22 4.09 4.44 4.40 4.20
  Return on equity (%) NM(2) (7.0) 10.0 9.3 8.6
  Return on total assets (%) NM(2) (0.8) 5.8 5.6 5.4
  Debt to equity ratio (net of cash) (times) 0.64 0.68 0.63 0.56 0.49
  Net debt/Total assets (net of cash) (times) 0.33 0.35 0.33 0.31 0.28
  Interest cover (times) 2.8(3) 0.7 7.6 8.3 8.6
  Interest service (times) 4.2(3) 3.3 4.3 4.4 6.7
             
  Dividend          
  Ordinary dividend per share (cents) NM(2) 9.0 12.0 12.0 12.0
  Dividend cover (times) NM(2) NM 3.9 3.5 3.1

NM - Not Meaningful

Note:

  1. Comparatives for 2017 have been restated to take into account the retrospective adjustments relating to SFRS(I) 15 Revenue for Contracts with Customers.
  2. We do not disclose on a half-yearly basis.
  3. On a run rate basis