Revenue reserves Proposed dividends

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