DBS Group | Investor Relations, Historial Financial Performance

Investor Relations

Historial Financial Performance

Ten-Year Summary of Operations of DBS Group

	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000
Selected Income Statement Items (S$ millions)
Total income	6,603	6,031	6,163	5,344	4,338	4,479	4,265	4,143	3,387	2,931
Profit before allowances	3,999	3,421	3,545	2,975	2,312	2,523	2,473	2,333	1,670	1,686
Allowances	1,529	784	431	135	203	63	541	544	379	54
Profit before tax	2,536	2,712	3,224	2,910	2,163	2,509	1,992	1,797	1,469	1,675
Net profit (excl. one-time items & goodwill charges)	2,064	2,056	2,487	2,175	1,649	1,938	1,491	1,285	907	1,389
One-time items¹	(23)	(127)	(209)	94	303	497	0	96	212	0
Goodwill charges	0	0	0	0	1,128	440	430	278	133	0
Net profit	2,041	1,929	2,278	2,269	824	1,995	1,061	1,103	986	1,389

Selected Balance Sheet Items (S$ millions)
Total assets	258,644	256,718	232,963	197,372	180,204	175,671	159,479	149,425	151,429	111,208
Customer loans²	130,583	126,481	108,433	86,630	79,462	69,659	64,330	60,704	68,202	52,024
Total liabilities	229,145	232,715	209,805	176,326	161,014	156,796	143,574	133,935	135,802	100,839
Customer deposits²	183,432	169,858	152,944	131,373	116,884	113,206	108,041	101,315	106,771	80,721
Shareholders' funds	25,373	19,819	20,481	18,675	16,724	16,444	14,818	14,241	13,602	10,495
Preference shares	614	433	433	433	433	433	559	560	595	596
Ordinary shareholders' funds	24,759	19,386	20,048	18,242	16,291	16,011	14,259	13,681	13,007	9,899
Per Ordinary Share³(S$)
Earnings (excl. one-time items & goodwill charges)	0.91	1.14	1.39	1.22	0.94	1.10	0.85	0.74	0.60	0.96
Earnings	0.90	1.07	1.27	1.28	0.46	1.13	0.60	0.64	0.65	0.96
Net tangible assets	8.29	7.69	7.98	7.22	6.41	5.80	4.87	4.48	5.34	7.03
Net asset value	10.85	10.25	10.55	9.79	8.98	8.88	8.18	7.92	7.70	7.03
Dividends⁴	0.56	0.65	0.68	0.65	0.49	0.34	0.26	0.26	0.26	0.38
Selected Financial Ratios (%)
Dividend cover (number of times)	1.57	1.55	2.15	2.46	1.17	4.14	3.03	3.15	3.18	3.32
Cost-to-income	39.4	43.3	42.5	44.3	46.7	43.7	42.0	43.7	50.7	42.5
Return on assets (excl. one-time items & goodwill charges)	0.80	0.84	1.15	1.15	0.93	1.16	0.97	0.85	0.69	1.28
Return on assets	0.79	0.79	1.06	1.20	0.46	1.19	0.69	0.73	0.75	1.28
Return on shareholders' funds (excl. one-time items & goodwill charges)	8.4	10.1	12.7	12.3	9.8	12.5	10.1	9.1	8.1	12.9
Return on shareholders' funds	8.4	9.5	11.7	12.8	5.0	12.8	7.3	7.9	8.8	12.9
Non-performing loans rate	2.9	1.5	1.1	1.7	2.1	2.5	5.2	6.1	5.7	7.6
Loss allowance coverage	83	114	135	115	97	89	63	59	60	52
Capital adequacy
Tier 1	13.1	10.1	8.9	10.2	10.6	11.3	10.5	10.3	12.2	14.4
Total	16.7	14.0	13.4	14.5	14.8	15.8	15.1	15.5	17.4	18.9
Share Price³ (S$)
High	15.40	17.55	21.17	19.21	14.28	14.28	13.18	12.67	18.02	23.21
Low	6.45	7.68	16.07	13.43	11.82	11.39	7.06	9.10	8.08	14.62
Close	15.40	8.42	17.60	19.21	14.03	13.69	12.50	9.35	11.73	16.66
Average	11.48	14.23	18.60	15.50	13.09	12.87	9.82	11.02	12.32	17.97

US$/S$ exchange rate as at 31 December	1.40	1.44	1.44	1.53	1.66	1.63	1.70	1.74	1.85	1.73

Notes: One-time items arise from gains on the sale of properties and/or investments, impairment charges for investments and restructuring costs. Includes financial assets/liabilities at fair value through profit and loss. Adjusted for a rights issue in 2008 (exercised in January 2009). Dividend amounts are on a gross basis prior to the fourth quarter of 2007 and on a one-tier tax-exempt basis thereafter. 2000 and 2006 include special dividends of 13 cents and 4 cents respectively. #: Amount less than S$500,000.