DBS Bank - Investor Relations | Historical Financial Performance

Historical Financial Performance

Ten-Year Summary of Operations of DBS Group

	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Selected Income Statement Items (S$ millions)
Total income	7,631	7,066	6,603	6,031	6,163	5,344	4,338	4,479	4,265	4,143
Profit before allowances	4,328	4,141	3,999	3,421	3,545	2,975	2,312	2,523	2,473	2,333
Allowances	722	911	1,529	784	431	135	203	63	541	544
Profit before tax	3,733	3,332	2,536	2,712	3,224	2,910	2,163	2,509	1,992	1,797
Net profit (excl. one-time items & goodwill charges)	3,035	2,650	2,064	2,056	2,487	2,175	1,649	1,938	1,491	1,285
One-time items¹	-	-	(23)	(127)	(209)	94	303	497	-	96
Goodwill charges	-	1,018	-	-	-	-	1,128	440	430	278
Net profit	3,035	1,632	2,041	1,929	2,278	2,269	824	1,995	1,061	1,103

Selected Balance Sheet Items (S$ millions)
Total assets	340,847	283,710	258,644	256,718	232,963	197,372	180,204	175,671	159,479	149,425
Customer loans²	194,720	152,094	130,583	126,481	108,433	86,630	79,462	69,659	64,330	60,704
Total liabilities	307,778	250,608	229,145	232,715	209,805	176,326	161,014	156,796	143,574	133,935
Customer deposits²	225,346	193,692	183,432	169,858	152,944	131,373	116,884	113,206	108,041	101,315
Ordinary shareholders' funds	28,178	25,985	24,759	19,386	20,048	18,242	16,291	16,011	14,259	13,681
Preference shares	616	614	614	433	433	433	433	433	559	560
Shareholders' funds	28,794	26,599	25,373	19,819	20,481	18,675	16,724	16,444	14,818	14,241

Per Ordinary Share³(S$)
Earnings (excl. one-time items & goodwill charges)	1.30	1.15	0.91	1.14	1.39	1.22	0.94	1.10	0.85	0.74
Earnings	1.30	0.70	0.90	1.07	1.27	1.28	0.46	1.13	0.60	0.64
Net tangible assets	9.95	9.18	8.29	7.69	7.98	7.22	6.41	5.80	4.87	4.48
Net asset value	11.99	11.25	10.85	10.25	10.55	9.79	8.98	8.88	8.18	7.92
Dividends⁴	0.56	0.56	0.56	0.65	0.68	0.65	0.49	0.34	0.26	0.26

Selected Financial Ratios (%)
Dividend cover (number of times)	2.32	1.25	1.57	1.55	2.15	2.46	1.17	4.14	3.03	3.15
Cost-to-income	43.3	41.4	39.4	43.3	42.5	44.3	46.7	43.7	42.0	43.7
Return on assets (excl. one-time items & goodwill charges)	0.97	0.98	0.80	0.84	1.15	1.15	0.93	1.16	0.97	0.85
Return on assets	0.97	0.60	0.79	0.79	1.06	1.20	0.46	1.19	0.69	0.73
Return on shareholders' funds (excl. one-time items & goodwill charges)	11.0	10.2	8.4	10.1	12.7	12.3	9.8	12.5	10.1	9.1
Return on shareholders' funds	11.0	6.3	8.4	9.5	11.7	12.8	5.0	12.8	7.3	7.9
Non-performing loans rate	1.3	1.9	2.9	1.5	1.1	1.7	2.1	2.5	5.2	6.1
Loss allowance coverage	126	100	83	114	135	115	97	89	63	59

Capital adequacy
Tier 1	12.9	15.1	13.1	10.1	8.9	10.2	10.6	11.3	10.5	10.3
Total	15.8	18.4	16.7	14.0	13.4	14.5	14.8	15.8	15.1	15.5

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. 2006 includes a special dividend of 4 cents. #: Amount less than S$500,000.