Financial Summary

    2018 2017
Restated
2016 2015 2014
(A) INCOME STATEMENT
(S$ million)
         
  Revenue 5,602.4 4,618.1 5,252.3 4,761.9 3,924.6
  Earnings before interest and tax (EBIT) 4,145.0 3,302.2 2,359.5 2,316.0 2,436.9
  Profit attributable to shareholders (PATMI) 1,762.5 1,569.6 1,190.3 1,065.7 1,160.8
  Operating PATMI 872.2 927.2 865.3 823.6 705.3
             
(B) BALANCE SHEET
(S$ million)
         
  Investment properties 39,446.0 36,479.4 18,998.4 19,427.5 17,149.2
  Development properties for sale and stocks 5,128.6 3,977.0 4,837.1 6,936.3 7,673.7
  Associates and joint ventures 10,179.6 10,205.4 12,617.3 12,858.1 12,780.9
  Cash and cash equivalents 5,059.8 6,105.3 4,792.6 4,173.3 2,749.4
  Other assets 4,833.6 4,772.1 4,495.4 3,657.4 3,760.3
  Total assets 64,647.6 61,539.2 45,740.8 47,052.6 44,113.5
             
  Equity attributable to owners of the Company 18,952.7 18,412.9 17,604.8 17,905.3 16,758.0
  Total borrowings 23,633.9 21,694.9 14,852.4 16,058.5 15,985.8
  Non-controlling interests and other liabilities 22,061.0 21,431.4 13,283.6 13,088.8 11,369.7
  Total equities & liabilities 64,647.6 61,539.2 45,740.8 47,052.6 44,113.5
             
(C) FINANCIAL RATIOS          
  Earnings per share (cents) 42.1 37.0 28.0 25.0 27.3
  Net tangible assets per share (S$) 4.40 4.20 4.05 4.11 3.83
  Return on equity (%) 9.3 8.6 6.6 6.1 7.1
  Return on total assets (%) 5.6 5.4 4.4 4.4 5.1
  Debt to equity ratio (net of cash) (times) 0.56 0.49 0.41 0.48 0.57
  Net debt/Total assets (net of cash) (times) 0.31 0.28 0.25 0.28 0.32
  Interest cover (times) 8.3 8.6 6.5 6.1 7.2
  Interest service (times) 4.4 6.7 10.3 6.7 4.6
             
  Dividend          
  Ordinary dividend per share (cents) 12.0 12.0 10.0 9.0 9.0
  Dividend cover (times) 3.5 3.1 2.8 2.8 3.0

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.