1
DBS GROUP HOLDINGS LTD AND ITS SUBSIDIARY COMPANIES Fina nc ia l Pe rform a nc e Sum m a ry For Y e a r 2 0 0 0
1999 2000
Incr Decr
Profit and Loss Account S’m
S’m
Net interest income 2,034.7
2,039.4 0.2
Fee and commission income 423.1
508.5 20.2
Dividends 31.3
82.9 164.8
Rental income 30.7
32.1 4.4
Other income 509.1
268.1 47.3
Income before operating expenses 3,028.9
2,931.0 3.2
Staff costs 529.3
613.2
15.9 Other operating expenses
535.4 632.5
18.1
Operating profit 1,964.2
1,685.3 14.2
Provisions 1,063.2
53.6 95.0
Associated companies 140.4
43.1 69.3
Net profit before tax 1,041.4
1,674.8 60.8
Taxation 379.5
315.1
17.0 Minority interests
409.9 29.1
92.9
Net profit attributable to members
1,071.8 1,388.8
29.6
Dec 31 1999
Dec 31 2000
Incr Decr
Key Balance Sheet Data S’m
S’m
Total assets 106,464.9
111,228.1 4.5
Customer loans 54,369.5
52,023.8 4.3
Customer deposits 82,268.3
80,720.5 1.9
Shareholders’ funds 10,875.8
10,494.8 3.5
2
DBS GROUP HOLDINGS LTD AND ITS SUBSIDIARY COMPANIES
Table 1
Group Key Financial Indicators
Ratios 1996
1997 1998
1999 2000
Return on Equity 10.30
6.19 1.29
10.35 12.89
Return on Assets 1.28
0.72 0.14
1.04 1.28
Earnings per Share - Basic S
0.77 0.52
0.10 0.97
1.13
Financial Indicators
Return on equity ROE increased to 12.89 compared to 10.35 in 1999, an improvement
over the ROE achieved prior to the financial crisis in 19971998. Return on assets and earnings
per share also registered increases to 1.28 and S1.13 respectively.
Exhibit 1
Group Net Profit Attributable to Members
670 436
112 1,072
1,389 +29.6
200 400
600 800
1000 1200
1400
1996 1997
1998 1999
2000 S million
Profit and Loss
Net profit attributable to members in 2000 increased 29.6 to S1,388.8 million. The
increase was mainly due to significant reduction in loan provisions resulting from active
management of non-performing loans across the region.
At operating profit level, the decrease of 14.2 to S1,685.3 million in 2000 was attributable to
lower other income and higher operating expenses. Other income in 1999 included the
profit from sale of Singapore Petroleum Company shares S117.1 million and
securitisation of DBS Tampines Centre S57.5 million.
Exhibit 2
Group Net Interest Income and Net Interest Margin
863 1,002
1,430 2,035
2,039 +0.2
500 1000
1500 2000
2500
1996 1997
1998 1999
2000 S million
2.02 1.75
