Group Five-year Financial Summary

	Financial Year ended 31 March
	2020⁽¹⁾	2019⁽¹⁾	2018⁽¹⁾	2017	2016
Income Statement (S$ million)
Group operating revenue⁽²⁾	16,542	17,372	17,268	16,711	16,961
Australia Consumer	7,251	7,579	7,475	7,192	7,684
Australia Consumer (A$ million)	7,753	7,659	7,128	6,897	7,532
Singapore Consumer	2,110	2,234	2,236	2,380	2,426
Group Enterprise	6,026	6,329	6,477	6,600	6,397
Group Digital Life	1,145	1,224	1,080	539	454
International Group⁽²⁾	10	6	-	-	-
Group EBITDA	4,541	4,692	5,051	4,998	5,013
Australia Consumer	2,388	2,456	2,591	2,521	2,510
Australia Consumer (A$ million)	2,553	2,482	2,470	2,416	2,462
Singapore Consumer	757	748	753	792	774
Group Enterprise	1,587	1,695	1,863	1,913	1,959
Group Digital Life	(48)	(92)	(51)	(122)	(137)
International Group	(55)	(38)	(22)	(18)	(18)
Corporate	(87)	(78)	(84)	(88)	(76)
Group EBIT (before associates)	1,961	2,470	2,801	2,759	2,864
Australia Consumer	898	1,164	1,261	1,283	1,326
Australia Consumer (A$ million)	960	1,178	1,203	1,229	1,301
Singapore Consumer	497	501	513	508	504
Group Enterprise	858	1,080	1,256	1,268	1,337
Group Digital Life	(140)	(152)	(120)	(190)	(206)
International Group	(60)	(43)	(23)	(20)	(19)
Corporate	(92)	(81)	(85)	(90)	(79)
Share of associates' pre-tax profits⁽³⁾	1,743	1,536	2,461	2,886	2,791
Group EBITDA and share of associates' pre-tax profits⁽³⁾	6,284	6,228	7,511	7,884	7,804
Group EBIT	3,704	4,006	5,261	5,645	5,655
Underlying net profit⁽⁴⁾	2,457	2,825	3,593	3,871	3,805
Net profit⁽⁵⁾	1,075	3,095	5,473	3,853	3,871
Exchange rate⁽⁶⁾(A$ against S$)	0.935	0.990	1.049	1.043	1.020

Cash Flow (S$ million)
Group free cash flow⁽⁷⁾	3,781	3,650	3,606	3,054	2,718
Optus	1,285	1,006	989	514	631
Optus (A$ million)	1,396	1,028	947	500	617
Singtel and other subsidiaries	1,202	1,242	1,126	1,040	869
Associates' dividends (net of withholding tax)	1,294	1,402	1,492	1,500	1,218
Group cash capital expenditure	2,037	1,718	2,349	2,261	1,930
Balance Sheet (S$ million)
Total assets	48,955	48,915	48,496	48,294	43,566
Shareholders' funds	26,789	29,838	29,737	28,214	24,989
Net debt	12,499	9,883	9,877	10,384	9,142
Key Ratios
Proportionate EBITDA from outside Singapore (%)	79	76	76	75	74
Return on invested capital⁽⁸⁾(%)	6.4	7.7	9.6	10.9	11.7
Return on equity (%)	3.8	10.4	18.9	14.5	15.6
Return on total assets (%)	2.1	6.3	11.2	8.3	9.0
Net debt to EBITDA and share of associates' pre-tax profits (number of times)	2.0	1.6	1.3	1.3	1.2
EBITDA and share of associates' pre-tax profits to net interest expense (number of times)	13.8	16.2	20.1	23.4	25.3
Per Share Information (S cents)
Earnings per share - underlying net profit	15.05	17.31	22.01	24.07	23.88
Earnings per share - basic	6.58	18.96	33.53	23.96	24.29
Net assets per share	164	183	182	173	157
Dividend per share - ordinary	12.25	17.50	17.50	17.50	17.50
Dividend per share - special	-	-	3.0	-	-

''Associate'' refers to an associate and/or a joint venture under SFRS(I).

Notes:

Based on Singapore Financial Reporting Standards (International) (SFRS(I)). FY 2020 includes the effects from adoption of SFRS(I) 16, Leases, from 1 April 2019 on a prospective basis.
Comprises mainly mobile financial business, and gaming and digital content business.
Excludes the Group's share of the associates' significant one-off items which have been classified as exceptional items of the Group.
Underlying net profit is defined as net profit before exceptional items.
FY 2020 includes the Group's share of Airtel's net exceptional loss of S$1.80 billion mainly for regulatory costs. FY 2018 included the gain on disposal of economic interest in NetLink Trust of S$2.03 billion.
Average A$ rate for translation of Optus' operating revenue.
Free cash flow refers to cash flow from operating activities, including dividends from associates, less cash capital expenditure.
Return on invested capital is defined as EBIT (post-tax) divided by average capital.