34.2 Revenue reserves
The Group In millions
2014 2013
Balance at 1 January 17,262
14,966 Net profit attributable to shareholders
4,046 3,672
Amount available for distribution 21,308
18,638 Less: Final dividends on ordinary shares of 0.30 one-tier tax-exempt paid for
the previous financial year 2013: 0.28 one-tier tax-exempt 734
684 Final dividends on non-voting redeemable CPS of 0.02 one-tier tax-exempt
paid for the previous financial year 2013: 0.02 one-tier tax-exempt Interim dividends on ordinary shares of 0.28 one-tier tax-exempt paid for the current financial year
2013: 0.28 one-tier tax-exempt 688
684 Interim dividends on non-voting redeemable CPS of 0.28 one-tier tax-exempt paid
8 8
for the current financial year 2013: 0.28 one-tier tax-exempt Dividends on other equity instruments
38 –
Balance at 31 December 19,840
17,262
Amount under 500,000
34.3 Proposed dividends
Proposed final one-tier tax-exempt dividends on ordinary shares of 0.30 per share and DBSH non-voting redeemable CPS of 0.02 per share have not been accounted for in the financial statements for the year ended 31 December 2014. They are to be approved at the
Annual General Meeting on 23 April 2015.
35 NON-CONTROLLING INTERESTS
The following preference shares issued by subsidiaries of the Group are classified as non-controlling interests. These instruments have a deeply subordinated claim on the issuing entity’s assets in the event of a default or liquidation. These instruments are in the first instance
ineligible as capital instruments under Basel III rules as they lack provisions for conversion to ordinary shares or write-down at the point of non-viability as determined by the Monetary Authority of Singapore, but are accorded partial eligibility as Tier 1 capital for calculating
capital adequacy ratios under the Basel III transitional arrangements for capital instruments issued prior to 1 January 2013.
The Group In millions
Issuance Liquidation Dividend
2014 2013
Instrument Note
Date preference
payment
Issued by the Bank S1,700m 4.70 Non-Cumulative, Non-Convertible,
35.1 22 Oct 2010
250,000 Apr Oct
– 895
Non-Voting Preference Shares Callable in 2020 S800m 4.70 Non-Cumulative, Non-Convertible,
35.2 22 Nov 2010 100
May Nov 800
800 Non-Voting Preference Shares Callable in 2020
Issued by DBS Capital Funding II Corporation S1,500m 5.75 Non-Cumulative, Non-Convertible,
35.3 27 May 2008 250,000
Jun Dec 1,500
1,500 Non-Voting, Guaranteed Preference Shares
Callable with Step-up in 2018 Non-controlling interests in subsidiaries
198 258
Total 2,498
3,453
35.1 Dividends are payable if declared by the Board of Directors of the Bank. The Company purchased S805 million of the Bank’s