Financial Summary


    2018 2017 2016 2015 2014
(Restated)

Financial Results ($’000)          
Turnover   136,326 131,224 154,595 145,826 139,179
 
Net profit from operating activities before tax   167,981 82,541 122,332 145,538 109,923
Taxation   (11,007) (1,522) (9,040) (3,181) (3,031)
 
Profit after tax   156,974 81,019 113,292 142,357 106,892
Non-controlling interests   (500) (337) (163) 510 (43)
 
Net profit attributable to shareholders   156,474 80,682 113,129 142,867 106,849
 
Net final dividend proposed/paid   16,561 16,561 16,561 16,561 16,561
Net final special dividend proposed/paid   24,841 24,841 41,402 33,121 33,121
 
           
Balance Sheets ($’000)          
Property, plant and equipment   4,466 5,062 4,872 6,083 4,190
Investment properties   100,214 104,423 106,653 168,948 160,797
Other non-current assets   1,044,427 986,347 865,142 910,343 831,569
Current assets   552,813 460,225 558,301 556,149 329,129
 
Total assets   1,701,920 1,556,057 1,534,968 1,641,523 1,325,685
 
           
Current liabilities   (192,076) (175,247) (126,546) (199,401) (73,633)
Long-term and deferred liabilities   (27,702) (30,111) (28,930) (64,805) (66,341)
 
Net assets   1,482,142 1,350,699 1,379,492 1,377,317 1,185,711
 
           
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 1,305,608 1,180,277 1,207,698 1,206,018 1,014,679
 
Shareholders' funds 1,473,557 1,348,226 1,375,647 1,373,967 1,182,628
Non-controlling Interests 8,585 2,473 3,845 3,350 3,083
 
1,482,142 1,350,699 1,379,492 1,377,317 1,185,711
 
           
Financial Ratios          
Earnings per share after tax and non-controlling interests (cents)# 18.9 9.7 13.7 17.3 12.90
Return on shareholders' funds (%)#* 11.09 5.92 8.23 11.18 9.18
Return on Total Assets (%)#* 9.61 5.22 7.13 9.63 8.17
 
Dividend proposed          
    Special final & interim net dividend per share (cents) 3.00 3.00 5.00 4.00 4.00
    Final/Interim net dividend per share (cents) 2.00 2.00 2.00 2.00 2.00
Dividend cover (times)# 3.78 1.95 1.95 2.88 2.15
Nets Assets per share (S$)# 1.78 1.63 1.66 1.66 1.43
Debt equity ratio (net of cash) (times) Net Cash Net Cash Net Cash Net Cash Net Cash
Total Liabilities to shareholders funds (times) 0.15 0.15 0.11 0.19 0.12
Interest cover (times)# 83.79 298.98 220.63 126.90 82.24
           
Notes:
* 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.