 |
|
 |
| |
| SUMMARISED
INCOME STATEMENT |
|
| Revenue |
879.0 |
|
802.1 |
|
743.1 |
|
711.7 |
|
673.5 |
|
667.3 |
|
685.6 |
|
496.8 |
| Total operating expenses |
716.9 |
|
645.0 |
|
625.6 |
|
597.7 |
|
607.1 |
|
596.8 |
|
609.5 |
|
418.5 |
| EBITDA2 |
299.0 |
|
284.1 |
|
255.0 |
|
247.2 |
|
230.0 |
|
225.5 |
|
243.7 |
|
196.6 |
| Operating Profit |
188.7 |
|
178.0 |
|
145.3 |
|
138.8 |
|
92.8 |
|
99.3 |
|
96.0 |
|
92.3 |
| Before Tax |
185.8 |
|
176.2 |
|
142.3 |
|
124.1 |
|
83.9 |
|
86.2 |
|
72.7 |
|
82.3 |
| After Tax |
162.7 |
|
149.9 |
|
135.8 |
|
103.6 |
|
126.6 |
|
90.2 |
|
72.2 |
|
56.8 |
| PATMI3 |
162.7 |
|
149.9 |
|
135.4 |
|
103.4 |
|
126.7 |
|
89.5 |
|
72.1 |
|
56.8 |
|
| SUMMARISED
BALANCE SHEET |
| Current assets (excluding
cash and fixed deposits) |
146.7 |
|
122.8 |
|
112.8 |
|
121.5 |
|
88.8 |
|
79.7 |
|
94.3 |
|
120.8 |
| Cash and fixed deposits |
245.6 |
|
232.5 |
|
169.6 |
|
131.7 |
|
72.0 |
|
263.0 |
|
96.3 |
|
338.0 |
| Non-current assets |
1,109.1 |
|
1,082.2 |
|
1,096.6 |
|
1,130.9 |
|
1,203.0 |
|
1,242.1 |
|
1,419.3 |
|
1,466.1 |
| Non-current liabilities (excluding
borrowings) |
263.1 |
|
280.6 |
|
311.4 |
|
343.2 |
|
344.9 |
|
395.3 |
|
436.4 |
|
475.8 |
| Current liabilities (excluding borrowings) |
266.3 |
|
229.9 |
|
177.4 |
|
152.6 |
|
163.7 |
|
206.5 |
|
244.6 |
|
450.8 |
| Short-term and long-term borrowings |
250.0 |
|
250.0 |
|
250.0 |
|
300.0 |
|
300.0 |
|
500.0 |
|
505.0 |
|
609.2 |
| Shareholders’ funds |
722.1 |
|
677.1 |
|
640.2 |
|
586.0 |
|
553.1 |
|
|
| OTHER KEY
FINANCIALS |
| Capital expenditure |
190.4 |
|
118.3 |
|
107.9 |
|
89.9 |
|
138.6 |
|
33.4 |
|
154.9 |
|
57.9 |
| Cash from operations |
324.3 |
|
286.9 |
|
296.7 |
|
247.5 |
|
223.8 |
|
234.6 |
|
207.5 |
|
155.3 |
| Free cash flow |
24.8 |
|
51.5 |
|
110.3 |
|
60.0 |
|
1.5 |
|
157.1 |
|
100.6 |
|
48.0 |
| EVA |
111.1 |
|
103.3 |
|
77.5 |
|
61.9 |
|
47.6 |
|
24.6 |
|
3.4 |
|
4.7 |
| Dividends declared for the year |
117.4 |
|
117.4 |
|
106.0 |
|
84.6 |
|
78.1 |
|
53.3 |
|
36.0 |
|
32.2 |
|
| |
| PER SHARE |
| Basic EPS |
10.7 |
|
9.9 |
|
9.0 |
|
6.9 |
|
8.4 |
|
6.0 |
|
4.8 |
|
3.8 |
| Gross dividend |
7.8 |
|
7.75 |
|
7.25 |
|
7.0 |
|
6.5 |
|
4.5 |
|
3.1 |
|
2.8 |
| Net dividend |
7.8 |
|
7.75 |
|
7.0 |
|
5.6 |
|
5.2 |
|
3.6 |
|
2.4 |
|
2.2 |
| Net Asset Value4 |
47.6 |
|
44.7 |
|
42.3 |
|
38.8 |
|
36.8 |
|
32.0 |
|
28.5 |
|
25.9 |
| Net Tangible Assets5 |
44.9 |
|
41.9 |
|
39.6 |
|
36.1 |
|
34.0 |
|
27.8 |
|
24.0 |
|
21.3 |
|
| |
| FINANCIAL
RATIOS |
| EBITDA margin (%) |
34.0 |
|
35.4 |
|
34.3 |
|
34.7 |
|
34.2 |
|
33.8 |
|
35.5 |
|
39.6 |
| EBIT margin (%) |
21.5 |
|
22.2 |
|
19.5 |
|
19.5 |
|
13.8 |
|
14.9 |
|
14.0 |
|
18.6 |
| Net profit margin (%) |
18.5 |
|
18.7 |
|
18.3 |
|
14.6 |
|
18.8 |
|
13.5 |
|
10.5 |
|
11.4 |
| Return on total assets
(%) |
11.1 |
|
10.6 |
|
9.8 |
|
7.5 |
|
8.6 |
|
5.6 |
|
4.1 |
|
3.4 |
| Return on equity (%)6 |
23.3 |
|
22.8 |
|
22.1 |
|
18.2 |
|
24.5 |
|
19.7 |
|
17.7 |
|
14.8 |
| Net gearing7 |
0.01 |
|
0.03 |
|
0.13 |
|
0.29 |
|
0.41 |
|
0.49 |
|
0.95 |
|
0.70 |
| Interest Cover (times) |
40.5 |
|
35.4 |
|
25.7 |
|
25.6 |
|
16.5 |
|
14.3 |
|
12.0 |
|
31.3 |
|
| |
| EMPLOYEES |
| Number (as at year end) |
6,228 |
|
5,555 |
|
5,457 |
|
5,715 |
|
5,775 |
|
5,975 |
|
6,194 |
|
6,102 |
| Staff and related costs
($m) |
277.4 |
|
263.5 |
|
263.1 |
|
253.5 |
|
247.7 |
|
256.4 |
|
261.9 |
|
184.0 |
| |
|
| |
| Notes: |
| 1.
SMRT acquired TIBS Holdings, a key taxi and bus operator, in FY2002.
|
| 2.
EBITDA – Earnings before interest, tax, depreciation and amortisation |
| 3.
PATMI - Profit after tax and minority interests |
| 4.
Net asset value per share excludes minority interests |
| 5. Net tangible assets per share excludes goodwill on consolidation |
| 6.
Return on equity = PATMI / average equity |
| 7. Net gearing = (total borrowings – cash and cash equivalents) / total equity |
| |
| |
|
| |
| |
|
|
