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Financial Performance

Financial Years Ended 31 December 2017, 2018,2019 and 2020 and 9M2021

Financial Performance
FY2017(2) FY2018 FY2019 FY2020 9M2021
For the Year/Period (S$ Million)
Net revenue 49.45 59.62 65.20 85.86 84.99
Profit before tax 8.75 12.35 11.07 25.39 27.79
Profit after tax 7.49 10.69 9.31 20.96 23.27
Net profit attributable to owners of the Company 7.70 10.91 9.52 21.15 23.43
Net Revenue
Recurring net revenue 40.95 48.32 52.94 60.39 57.78
Non-recurring net revenue 8.50 11.30 12.26 25.47 27.21
Total net revenue 49.45 59.62 65.20 85.86 84.99
Per Share
Earnings per share (cents) 2.92 4.10 3.55 7.80 8.50
Dividend per share (cents) 3.01 3.15 3.15 3.30 3.40
Financial Ratios
Profit before tax margin (based on net revenue) 17.7% 20.7% 17.0% 29.6% 32.7%
Return on equity (per annum)(1) 9.7% 13.1% 10.9% 21.8% 26.9%


Financial Position and Operating Cashflows
FY2017(2) FY2018 FY2019(3) FY2020 9M2021
At Year/Period End (S$ Million)
Non-current assets 22.28 30.33 52.46 59.68 65.80
Net current assets 60.18 56.62 49.86 58.35 70.80
Non-current liabilities (1.21) (1.60) (12.68) (14.63) (12.19)
Net assets 81.25 85.35 89.64 103.40 124.41
Shareholders' equity 81.24 85.56 90.06 104.11 125.27
Net cash from operating activities 13.22 17.62 19.38 41.56 30.93

Notes:
(1) Return on equity is calculated based on the average of the month-end shareholders' equity for the respective year or period.
(2) Restated as a result of adoption of SFRS(I)s with effect from 1 January 2018 for comparison purpose.
(3) Adoption of SFRS(I) 16 Leases with effect from 1 January 2019.