69
CapitaLand Limited
Annual Report 2015
Overview
Sustainability
Business
Review
Portfolio
Details
Corporate
Governance &
Transparency
Financials &
Additional
Information
%
Singapore
37.5
China (including Hong Kong) 45.6
Other Asia (excluding
Singapore and China)
11.0
Europe and Others
5.9
%
Commercial & Integrated
Developments
1
31.2
Residential & Office Strata 29.8
Malls
23.6
Serviced residences
14.7
Others
0.7
2015 Total Assets by Geographical Location
2015 Total Assets by Effective Stake
S$34.9 billion
2
S$47.1 billion
1
Excluding residential component.
2
Excluding treasury cash.
* This refers to the value of all real estate managed by CapitaLand group entities stated at 100% of the property carrying value.
Dividends
The Board of Directors is pleased to propose a core
dividend of 9.0 cents per share in respect of the financial
year ended 31 December 2015 (2014: 9.0 cents per
share). This amounts to a payout of approximately
S$382.3 million, which is 35.9% of PATMI, based on the
number of issued shares (excluding 26,345,157 treasury
shares) as at 31 December 2015. The dividends are subject
to the shareholders’ approval at the forthcoming Annual
General Meeting of the Company.
For FY 2014, a first and final dividend of 9.0 cents per
share was approved and paid. The said dividends of
S$384.1 million were paid in May 2015.
Assets
The Group’s total assets as at 31 December 2015 were
S$47.1 billion, of which Singapore and China assets
accounted for approximately 83.1% of the Group’s total
assets. As compared to 31 December 2014, the total
assets increased by S$2.9 billion or 6.7% in FY 2015 mainly
due to the consolidation of CapitaLand Township and
CCDF following the completion of acquisition of remaining
interests in both entities, as well as increase in cash and
cash equivalents. The increase was partially offset by
the sale and completion of several residential projects in
Singapore and China.
On an effective stake basis, the Group’s total assets were
S$34.9 billion as at 31 December 2015, of which 70.2%
relate to investment properties portfolio which contribute to
recurring income.
The Group continues to grow its assets under management,
and as at 31 December 2015, the Group managed
S$76.8 billion* of real estate assets, 8.8% higher than
FY 2014, which firmly strengthens its position as one of
Asia’s largest real estate companies.
Shareholders’ Equity
As at 31 December 2015, issued and paid-up ordinary
share capital (excluding treasury shares) of the Company
comprised 4.2 billion shares at S$6.3 billion. The Group’s
total reserves increased from S$10.5 billion in December
2014 to S$11.6 billion in December 2015. This increase
was mainly contributed by the S$1.1 billion net profit for
the year and exchange gains arising from the translation of
foreign operations, partially offset by payment of the 2014
dividends during the year.
As a result of the increase in total reserves, the shareholders’
funds rose to S$17.9 billion as at end 2015 compared to
S$16.8 billion in 2014. Accordingly, the Group’s net tangible
assets per share also increased from S$3.83 in 2014 to
S$4.11 as at 31 December 2015.
