Financial Summary

    1H 2019 2018 2017
Restated(1)		 2016 2015
(A) INCOME STATEMENT
(S$ million)		          
  Revenue 2,131.1 5,602.4 4,618.2 5,252.3 4,761.9
  Earnings before interest and tax (EBIT) 2,061.0 4,145.0 3,302.2 2,359.5 2,316.0
  Profit attributable to shareholders (PATMI) 875.4 1,762.5 1,569.6 1,190.3 1,065.7
  Operating PATMI 361.3 872.2 927.2 865.3 823.6
             
(B) BALANCE SHEET
(S$ million)		          
  Investment properties 48,957.1 39,446.0 36,479.4 18,998.4 19,427.5
  Development properties for sale and stocks 7,754.9 5,128.6 3,977.0 4,837.1 6,936.3
  Associates and joint ventures 13,016.8 10,179.6 10,205.4 12,617.3 12,858.1
  Cash and cash equivalents 4,934.3 5,059.8 6,105.3 4,792.6 4,173.3
  Other assets 6,808.7 4,833.6 4,772.1 4,495.4 3,657.4
  Total assets 81,471.8 64,647.6 61,539.2 45,740.8 47,052.6
             
  Equity attributable to owners of the Company 22,407.0 18,952.7 18,412.9 17,604.8 17,905.3
  Total borrowings 32,984.1 23,633.9 21,694.9 14,852.4 16,058.5
  Non-controlling interests and other liabilities 26,080.7 22,061.0 21,431.4 13,283.6 13,088.8
  Total equities & liabilities 81,471.8 64,647.6 61,539.2 45,740.8 47,052.6
             
(C) FINANCIAL RATIOS          
  Earnings per share (cents) 21.0 42.1 37.0 28.0 25.0
  Net tangible assets per share (S$) 4.26 4.40 4.20 4.05 4.11
  Return on equity (%) NM 9.3 8.6 6.6 6.1
  Return on total assets (%) NM 5.6 5.4 4.4 4.4
  Debt to equity ratio (net of cash) (times) 0.73 0.56 0.49 0.41 0.48
  Net debt/Total assets (net of cash) (times) 0.37 0.31 0.28 0.25 0.28
  Interest cover (times) 7.3(2) 8.3 8.6 6.5 6.1
             
  Dividend          
  Ordinary dividend per share (cents) NM 12.0 12.0 10.0 9.0
  Dividend cover (times) NM 3.5 3.1 2.8 2.8

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. On a run rate basis
  3. NM - Not Meaningful. We do not disclose on a quarterly or half-yearly basis