Geographical segment reporting STRENGTHEN TECHNOLOGY AND INFRASTRUCTURE PLATFORM

NOTES TO THE FINANCIAL STATEMENTS for the year ended 31 December 2011

48.2 Geographical segment reporting

Income and net profit attributable to shareholders Net profit are based on the country in which the transactions are booked. Total assets are shown by geographical area in which the assets are booked. It would not be materially different if total assets shown are based on the country in which the counterparty or assets are located. The total assets, income and net profit are stated after elimination of inter-group assets and revenues. The Group Rest of South and Greater Southeast Rest of the In millions Singapore Hong Kong China b Asia c World d Total 2011 Total income 4,719 1,453 612 557 290 7,631 Net profit 1,877 571 178 285 124 3,035 Total assets before goodwill 207,370 68,501 31,281 16,224 12,669 336,045 Goodwill on consolidation 4,802 – – – – 4,802 Total assets 212,172 68,501 31,281 16,224 12,669 340,847 Non-current assets e 1,759 376 133 27 2 2,297 2010 Total income 4,426 1,465 426 457 292 7,066 Net profit 670 a 579 47 203 133 1,632 Total assets before goodwill 179,813 52,489 21,033 13,710 11,863 278,908 Goodwill on consolidation 4,802 – – – – 4,802 Total assets 184,615 52,489 21,033 13,710 11,863 283,710 Non-current assets e 1,623 406 129 36 2 2,196 a Includes goodwill charges of 1,018 million in 2010 b Rest of Greater China includes branch, subsidiary and associate operations in Mainland China and Taiwan c South and Southeast Asia includes branch, subsidiary and associate operations in India, Indonesia, Malaysia, Vietnam and the Philippines d Rest of the World includes branch operations in South Korea, Japan, Dubai, United States of America and United Kingdom e Includes investment in associates, properties and other fixed assets, and investment properties 146 49 LIST OF SUBSIDIARIES, JOINT VENTURES, ASSOCIATES AND SPECIAL PURPOSE ENTITIES The main operating subsidiaries in the Group are listed below: Share capital Effective shareholding Country of Name of subsidiary Principal activities incorporation Currency In millions 2011 2010 Held by the Company 1. DBS Bank Ltd Retail, corporate and investment Singapore SGD 16,196 100