The supplementary inancial statements of DBS Bank Ltd the Bank are extracted from the Audited Statutory Financial Statements of
DBS Bank Ltd and its subsidiaries the Bank Group for the inancial year ended 31 December 2013. The statutory inancial statements of
the Bank and the Bank Group which contained an unqualiied audit report, will be delivered to the Accounting Corporate Regulatory
Authority in accordance with the Singapore Companies Act.
1 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The accounting policies applied by the Bank and the Bank Group are consistent with those applied by the Group as disclosed in Note
2 of the “Notes to the Financial Statements” Notes in the Group’s Consolidated Financial Statements.
2 OTHER INCOME
Other income includes the following:
In millions 2013
2012
Dividends from subsidiaries 193 7
Dividends from associates 41 82
Total 234 89
3 SUBSIDIARIES
In millions 2013
2012
Unquoted equity shares
a
12,578 12,434
Less: impairment allowances 741 736
Sub-total 11,837 11,698
Due from subsidiaries 6,382 3,990
Total 18,219 15,688
a The carrying amounts of certain investments which are designated as hedged items in a fair value hedge are adjusted for fair value changes attributable to the
hedged risks
Movements in impairment allowances during the year are as follows:
In millions 2013
2012
Balance at 1 January 736 813
ChargeWrite-back to income statement 5 7
Write-off against investment cost – 70
Balance at 31 December 741 736
4 DUE TO SUBSIDIARIES
In millions 2013
2012
Subordinated term debts issued to DBS Capital Funding Corporation II
Note 4.1
1,500 1,500
Due to subsidiaries 7,891 5,629
Total 9,391 7,129
4.1 The 1,500 million 5.75 subordinated note was issued
on 27 May 2008 by the Bank to DBS Capital Funding II Corporation, both wholly-owned subsidiaries of DBSH. Interest is payable semi-
annually on 15 June and 15 December at a ixed rate of 5.75 per annum up to 15 June 2018. If these are not redeemed at the
tenth year, interest will be payable quarterly on 15 March, 15 June, 15 September and 15 December at a loating rate of three-month
Singapore Dollar Swap Offer Rate plus a stepped-up spread of 3.415 per annum.
5 SHARE CAPITAL
Issued and fully paid up 2013
2012
2,233,102,635 2012: 2,233,102,635 ordinary shares
2,233 2,233
6,800 2012: 6,800 4.7 Non-Cumulative, Non-Convertible,
Non-Voting Preference Shares Callable in 2020
8,000,000 2012: 8,000,000 4.7 Non-Cumulative, Non-Convertible,
Non-Voting Preference Shares Callable in 2020
8 8
Total number of shares millions 2,241 2,241
Total Share Capital in millions 17,096 17,096
Amount under 500,000
6 OTHER RESERVES
6.1 OTHER RESERVES
In millions 2013
2012
Available-for-sale revaluation reserves 10 630
Cash low hedge reserves 14 1
General reserves 2,360 2,360
Capital reserves
62 10
Total 2,274 2,979
for the year ended 31 December 2013
NOTES TO THE SUPPLEMENTARY FINANCIAL STATEMENTS
DBS Bank Ltd
Movements in other reserves for the Bank during the year are as follows:
Available- Cash flow
for-sale revaluation hedge
General Capital
In millions reserves
reserves reserves
a
reserves
b
Total
2013 Balance at 1 January
630 1 2,360
10 2,979
Net exchange translation adjustments – – –
52 52
Available-for-sale inancial assets and others: – net valuation taken to equity
495 35 –
– 530
– transferred to income statement 184
21 – – 163
– tax on items taken directly to or transferred from equity 39 1 – –
40
Balance at 31 December 10
14 2,360 62 2,274
2012 Balance at 1 January
416 16
2,360 12
2,748 Net exchange translation adjustments
– –
– 2
2 Available-for-sale inancial assets and others:
– net valuation taken to equity 590
9 –
– 599
– transferred to income statement 335
8 –
– 327
– tax on items taken directly to or transferred from equity 41
2 –
– 43
Balance at 31 December 630
1 2,360
10 2,979
a The General reserves are maintained in accordance with the provisions of applicable laws and regulations. These reserves are non distributable unless otherwise approved by the relevant authorities. Under the Banking Reserve Fund Transitional Provision regulations 2007, which came into effect on 11 June 2007, the Bank may distribute
or utilise its statutory reserves provided that the amount distributed or utilised for each financial year does not exceed 20 of the reserves as at 30 March 2007 b Capital reserves include net exchange translation adjustments arising from translation differences on net investments in foreign branches and the related foreign currency
instruments designated as a hedge
6.2 REVENUE RESERVES
