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FY2021 FY2020 FY2019 FY2018 FY2017
INCOME STATEMENT (US$ million)*
Revenue 65,794 50,527 42,641 44,498 43,574
EBITDA 4,172 3,609 3,024 2,937 2,615
Profit before tax from continuing operations 2,766 2,311 1,698 1,612 1,563
Net profit – including discontinued operations 1,890 1,534 1,293 1,125 1,196
Earnings per share – fully diluted (US cents)
– including discontinued operations 		29.9 24.1 20.4 17.8 18.9
 
Dividend per share (Singapore cents) 15.5 13.0 12.5 10.5 10.0
Dividend payout ratio on net profit (%)# 38 40 44 43 39
Special dividend per share (Singapore cents) - 6.5 - - -
 
CASH FLOW (US$ million)*
Operating cash flows before working capital changes 3,994 3,594 2,894 1,956 2,513
 
Capital expenditure 2,527 1,976 1,813 1,325 938
Working capital changes (3,100) (2,443) 1,098 149 (1,728)
Investment in subsidiaries, joint venture and associates 81 317 129 417 132
 
BALANCE SHEET (US$ million)+
Shareholders’ funds 19,924 18,882 16,763 16,046 15,964
Total assets++ 58,718 51,020 47,045 45,713 40,933
Total liabilities++ 36,116 29,637 29,169 28,938 23,947
 
Net loans and borrowings 17,238 13,605 13,219 13,460 12,596
Net gearing (x) 0.87 0.72 0.79 0.84 0.79
Adjusted net loans and borrowings1 5,349 5,038 6,102 5,426 4,222
Adjusted net gearing (x) 0.27 0.27 0.36 0.34 0.26
 
Net asset per share (US cents) 316.5 298.9 264.4 253.6 252.4
Net tangible asset per share (US cents)++ 230.8 212.7 179.8 182.8 183.0
(1) Adjusted net loans and borrowings exclude liquid working capital and liabilities directly associated with disposal group classified as held for sale.

Profit before tax by business segment

  • Food Products 25%
    Feed & Industrial Products 46%
    Plantation and Sugar Milling 19%
    Others 2%
    Associates and Joint Ventures 8%
  • Food Products 49%
    Feed & Industrial Products 34%
    Plantation and Sugar Milling 5%
    Others 3%
    Associates and Joint Ventures 9%
Note:
Segmental breakdown calculation excludes unallocated expenses, gains from biological asset revaluation and impairment of property, plant and equipment.


Revenue* (US$ Million)

NEt Profit* (US$ Million)

Diluted Earnings Per share*
(US Cents)

Return on
Average Equity* (%)

Dividend Payout Ratio on
Net Profit# (%)

Sales volume by business segment ('000 MT)

  • Food Products 28,265
    Feed & Industrial Products 54,994
    Sugar Milling 3,300
  • Food Products 27,217
    Feed & Industrial Products 58,084
    Sugar Milling 3,572
  • Food Products 24,301
    Feed & Industrial Products 52,387
    Sugar Milling 3,986
Note:
* FY2017 figures were restated upon adoption of SFRS (I) 9 Financial Instruments, SFRS (I) 15 Revenue from Contracts with Customers and IFRS Convergence. FY2018 figures were restated subsequent to the finalisation of purchase price allocation exercise for the acquisition of Shree Renuka Sugars Limited (“SRSL”) and its subsidiaries.
+ FY2018 figures were restated subsequent to the finalisation of purchase price allocation exercise for the acquisition of Shree Renuka Sugars Limited (“SRSL”) and its subsidiaries.
++ FY2019 figures were restated subsequent to the finalisation of purchase price allocation exercise for the acquisition of Wilmar GF Singapore Holdings Pte. Ltd. (“GF”) and its subsidiaries.
# FY2021 dividend payout ratio on net profit is estimated based on number of shares outstanding as at 31 January 2022.