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: