Financial History

Key Financial Data

For year ended 31 December

(S$’000) 2012 2013 2014 2015 (1) 2016
Revenue
654,766 535,790 321,394 445,241 986,978
Profit before tax 76,168 51,623 53,060 49,954 1,734
Profit after tax 64,713 42,896 58,813 56,649 10,537
Profit attributable to shareholders 60,994 44,026 57,469 52,450 4,762
Shareholders' equity (2) 860,593 882,574 1,337,181 1,298,645 1,527,689
Total assets 2,189,704 2,396,505 2,741,715 3,036,532 3,843,333
Net assets 877,029 886,292 1,341,988 1,312,028 1,549,015
Net asset value per share (cents) 55.81 58.35 56.57 55.65 45.08
Earnings /(Loss) per share (cents) (3) 4.43 2.42 1.66 0.35 (7.51)
Dividend per share (cents) 3.20 2.30 2.30 1.70 0.45
Return on revenue (%) 9.3 8.2 17.9 11.8 0.5
Return on equity (%) (2) 7.1 5.0 4.3 4.0 0.3

(1) Except for revenue, all figures in FY2015 were restated to include S$11.2 million adjustment to the provisional fair value initially recorded for the acquisition of a joint venture, Tianjin Dagang, upon completion of an independent fair value assessment in FY2016.

(2) Equity included the 6% Cumulative Non-convertible Non-voting Perpetual Class A Preference Shares (CPS) and perpetual capital securities. Excluding CPS and perpetual capital securities, FY2016 shareholders' equity was S$350 million.

(3) Adjusted for the effect of CPS of S$400 million. FY2014 to FY2016 were also adjusted for the effects of perpetual capital securities. Please refer to note 27 of the financial statements in the Hyflux Annual Report 2016 for the effects of CPS and perpetual capital securities on the computations of earnings/(loss) per share; and profit attributable to ordinary shareholders.