Financial Summary


    2019 2018* 2017 2016 2015

Financial Results ($’000)          
Turnover   171,964 136,326 131,224 154,595 145,826
 
Net profit from operating activities before tax   107,022 170,702 82,541 122,332 145,538
Taxation   (11,338) (11,007) (1,522) (9,040) (3,181)
 
Profit after tax   95,684 159,695 81,019 113,292 142,357
Non-controlling interests   (413) (500) (337) (163) 510
 
Net profit attributable to shareholders   95,271 159,195 80,682 113,129 142,867
 
Net final dividend proposed/paid   16,561 16,561 16,561 16,561 16,561
Net final special dividend proposed/paid   20,701 24,841 24,841 41,402 33,121
 
           
Balance Sheets ($’000)          
Plant and equipment   2,128 4,466 5,062 4,872 6,083
Investment properties   112,029 100,214 104,423 106,653 168,948
Other non-current assets   1,096,939 1,044,427 986,347 865,142 910,343
Current assets   693,492 552,813 460,225 558,301 556,149
 
Total assets   1,904,588 1,701,920 1,556,057 1,534,968 1,641,523
 
           
Current liabilities   (166,376) (192,076) (175,247) (126,546) (199,401)
Long-term and deferred liabilities   (199,154) (27,702) (30,111) (28,930) (64,805)
 
Net assets   1,539,058 1,482,142 1,350,699 1,379,492 1,377,317
 
           
Financed by:            
Share capital 169,717 169,717 169,717 169,717 169,717
Treasury shares (1,768) (1,768) (1,768) (1,768) (1,768)
Reserves 1,347,253 1,305,608 1,180,277 1,207,698 1,206,018
 
Shareholders' funds 1,515,202 1,473,557 1,348,226 1,375,647 1,373,967
Non-controlling Interests 23,856 8,585 2,473 3,845 3,350
 
1,539,058 1,482,142 1,350,699 1,379,492 1,377,317
 
           
Financial Ratios          
Earnings per share after tax and non-controlling interests (cents)# 11.5 19.2 9.7 13.7 17.3
Return on shareholders' funds (%)^# 6.38 11.28 5.92 8.23 11.18
Return on Total Assets (%)^# 5.28 9.77 5.22 7.13 9.63
 
Dividend proposed          
    Special final & interim net dividend per share (cents) 2.50 3.00 3.00 5.00 4.00
    Final/Interim net dividend per share (cents) 2.00 2.00 2.00 2.00 2.00
Dividend cover (times)# 2.56 3.85 1.95 1.95 2.88
Nets Assets per share (S$)# 1.83 1.78 1.63 1.66 1.66
Debt equity ratio Net Cash Net Cash Net Cash Net Cash Net Cash
Total Liabilities to shareholders' funds (times) 0.24 0.15 0.15 0.11 0.19
Interest cover (times)# 19.44 85.13 298.98 220.63 126.90
           
Notes:
* The results for the period ended 31 March 2018 have been restated following the adoption of the new financial reporting framework, Singapore Financial Reporting Standards (International) (SFRS(I)) and new SFRS(I).
^ In calculating return on shareholders' funds and return on total assets, the average basis has been used.

# The financial ratios are based on continuing operations.