Financial Summary

Group Financial Summary


Income statement (S$ million)

  Financial Year ended March
  2016 2015 2014 2013 2012
Group Operating Revenue

16,961

17,223

16,848

18,183

18,825

Singtel 7,663 7,348 6,912 6,732 6,551
Optus 9,298 9,875 9,936 11,451 12,275
Optus (A$ million) 9,115 8,790 8,466 8,934 9,368
Group EBITDA* 5,013 5,091 5,155 5,200 5,219
Singtel 2,187 2,146 2,223 2,147 2,128
Optus 2,825 2,945 2,932 3,053 3,091
Optus (A$ million) 2,771 2,624 2,502 2,381 2,357
Share of associates' pre-tax earnings 2,791 2,579 2,201 2,106 2,005
Net profit after tax 3,871 3,782 3,652 3,508 3,989
Underlying net profit** 3,805 3,779 3,610 3,611 3,676
           

Cash Flow (S$ million)

  Financial Year ended March
  2016 2015 2014 2013 2012
Group Free cash flow*** 2,718 3,549 3,249 3,759 3,462
Singtel 869 1,379 1,181 1,491 1,170
Optus 631 1,070 1,020 1,367 1,451
Optus (A$ million) 617 976 903 1,068 1,111
Capital expenditure (cash) 1,930 2,238 2,102 2,059 2,249
           

Balance Sheet (S$ million)

  Financial Year ended March
  2016 2015 2014 2013 2012
Total assets 43,566 42,067 39,320 39,984 40,418
Shareholders' funds 24,989 24,733 23,868 23,965 23,428
Net debt 9,142 7,963 7,534 7,477 7,860
           

Key Ratios

  Financial Year ended March
  2016 2015 2014 2013 2012
Proportionate EBITDA from outside Singapore 74% 74% 73% 75% 76%
Singtel operational EBITDA margin* 28.5% 29.2% 32.2% 31.9% 32.5%
Optus operational EBITDA margin 30.4% 29.8% 29.5% 26.7% 25.2%
Return on invested capital 11.7% 12.1% 11.6% 11.8% 12.0%
Return on equity 15.6% 15.6% 15.3% 14.8% 16.7%
Return on total assets 9.0% 9.3% 9.2% 8.7% 10.0%
Net debt to EBITDA 1.2x 1.0x 1.0x 1.0x 1.1x
EBITDA to net interest expense 25.3x 29.2x 28.7x 24.5x 20.7x
           

Per Share information (cents)

  Financial Year ended March
  2016 2015 2014 2013 2012
Earnings per share – basic 24.29 23.73 22.92 22.02 25.04
Earnings per share - underlying net profit** 23.88 23.71 22.65 22.66 23.07
Net assets per share 156.8 155.2 149.8 150.4 147.1
Dividend per share – ordinary 17.5 17.5 16.8 16.8 15.8
Dividend per share – special n.a. n.a.  n.a. n.a. 10.0
           


Notes:
1) n.a. = not applicable / not available. NM = not meaningful
2) "Singtel" applies to the Singtel Group excluding Optus.

 

 

* Effective FY2012, EBITDA refers to earnings before interest, tax, depreciation and amortisation, namely the aggregate of operating revenue and other income, less operating expenses of the Singapore and Australia operations, and excludes the share of pre-tax results of associates.

 

** Underlying net profit is defined as net profit before exceptional items.

 

*** Free cash flow refers to cash flow from operating activities, including dividends from associates, less cash capital expenditure. FY2014 free cash flows was adjusted to exclude payment of S$143 million to NetLink Trust during the quarter ended 31 December 2013 in consideration of tax benefits utilised by the Group. The S$143 million was subsequently applied by NetLink Trust towards its acquisition of OpenNet.