Financial History

Key Financial Data

For year ended 31 December

(S$’000) 2013 2014 2015 (1) 2016 (2) 2017
Revenue
535,790 321,394 445,241 830,634 353,629
Profit/(loss) before tax 51,623 53,060 49,954 142,939 (37,086)
Profit/(loss) after tax 42,896 58,813 56,649 124,098 (33,670)
Profit/(loss) (excluding Tuaspring) attributable to shareholders N.A. N.A. N.A. 118,323 (34,462)
Profit/(loss) attributable to shareholders 44,026 57,469 52,450 3,833 (116,352)
Shareholders' equity (3) 882,574 1,337,181 1,298,645 1,526,760 982,015
Total assets 2,396,505 2,741,715 3,036,532 3,842,403 3,653,225
Net assets 886,292 1,341,988 1,312,028 1,548,086 1,007,562
Net asset value per share (cents) 58.35 56.57 55.65 44.96 14.13
Earnings/(Loss) per share (excluding Tuaspring)(cents) (5) N.A. N.A. N.A. 6.95 (11.37)
Earnings /(Loss) per share (cents) (5) 2.42 1.66 0.35 (7.63) (21.79)
Dividend per share (cents) 2.30 2.30 1.70 0.45 1.78
Return on revenue (%) 8.2 17.9 11.8 0.5 (32.9)
Return on equity (%) (3) 5.0 4.3 4.0 0.3 (11.8)

N.A: Not appicable

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

(2) Except for dividend per share, all figures in FY2016 were restated to account for the classification of Tuaspring as Held for Sale and the reinstatement of Tianjin Dagang from Held for Sale.

(3) Equity included the 6% Cumulative Non-convertible Non-voting Perpetual Class A Preference Shares (CPS) and perpetual securities. Excluding CPS and perpetual securities, FY2017 shareholders' equity was S$95 million.

(4) Adjusted for the effect of CPS of S$400 million. FY2014 to FY2017 were also adjusted for the effects of perpetual securities. Please refer to note 24 of the financial statements for the effects of CPS and perpetual securities on the computations of earnings/(loss) per share, and profit attributable to ordinary shareholders.