PERFORMANCE AT A GLANCE |
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Financial Summary - DBS Group Holdings Ltd and its Subsidiary Companies |
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2004 |
2003 |
2002 |
Profit and Loss ($ millions) |
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Operating profit |
2,435 |
1,386 |
1,473 |
Net profit attributable to members (NPAM) |
2,018 |
1,025 |
1,097 |
NPAM excluding goodwill amortisation |
2,458 |
1,455 |
1,375 |
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Balance Sheet ($ millions) |
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Total assets |
175,553 |
159,595 |
149,445 |
Customer loans |
69,664 |
64,335 |
60,709 |
Customer deposits |
113,206 |
108,041 |
101,315 |
Total shareholders’ funds |
16,502 |
14,896 |
14,237 |
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Per Ordinary Share ($) |
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Basic earnings |
1.34 |
0.68 |
0.74 |
Basic earnings excluding goodwill amortisation |
1.64 |
0.98 |
0.93 |
Gross dividend |
0.40 |
0.30 |
0.30 |
Net assets backing |
10.76 |
9.75 |
9.30 |
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Selected Ratios (%) |
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Return on average total shareholders’ funds |
12.85 |
7.04 |
7.94 |
Return on average total shareholders’ funds (excluding goodwill amortisation) |
15.66 |
9.99 |
9.95 |
Operating expenses as % of income before operating expenses |
40.7 |
43.9 |
44.6 |
Capital adequacy1 |
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Tier 1 |
11.3 |
10.5 |
10.3 |
Total |
15.8 |
15.1 |
15.5 |
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1) Ratios for 2004 were computed based on the MAS capital framework issued on May 28 2004. Comparatives were not restated and were
computed using Bank for International Settlements guidelines. |
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Financial Highlights |
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Group Net Profit Attributable To
Members |
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Group Income before Operating
Expenses & Ratio of Operating Expense
to Income before Operating Expenses |
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Group Net Interest Income and
Non-Interest Income |
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2004: $2,018 million (+97%)
2003: $1,025 million |
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Income before Operating Expenses
2004: $4,928 million (+17%)
2003: $4,198 million |
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Net Interest Income
2004: $2,566 million (+8%)
2003: $2,375 million |
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Group net attributable to members in 2004 included one-time gains of $310 million from disposal of a subsidiary company DBS Thai Danu Bank Public Company Limited and $187 million from sale of equity investment in Wing Lung Bank. |
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Ratio of Operating Expenses to Income before Operating Expenses*
2004: 40.7% (-3.2 percentage points)
2003: 43.9%
* Excluding goodwill amortisation |
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Non-Interest Income
2004: $2,362 million (+30%)
2003: $1,823 million |
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Group Total Shareholders’ Funds
and Return on Average Total
Shareholders’ Funds (ROE) |
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Group Total Assets and Return on
Average Total Assets (ROA) |
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Capital Adequacy Ratio (CAR)1 |
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Total Shareholders’ Funds
2004: $16.5 billion (+11%)
2003: $14.9 billion
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Total Assets
2004: $175.6 billion (+10%)
2003: $159.6 billion |
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Total (Tier 1 & 2)
2004: 15.8%
2003: 15.1% |
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ROE*
2004: 15.66% (+5.67 percentage points)
2003: 9.99%
* Excluding goodwill amortisation |
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ROA*
2004: 1.47% (+0.53 percentage points)
2003: 0.94%
* Excluding goodwill amortisation |
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Tier 1
2004: 11.3%
2003: 10.5% |
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1) Ratios for 2004 were computed based on the MAS capital framework issued on May 28 2004. Comparatives were not restated and were
computed using Bank for International Settlements guidelines. |
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