Full Annual Report 2006 - Singapore Technologies Engineering

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SECTORAL FINANCIAL REVIEW – MARINE
FINANCIAL HIGHLIGHTS
2006 2005 2004 2003 2002
$’000 $’000 $’000 $’000 $’000
Turnover 702,868 659,847 484,364 387,323 281,231
Profit before tax 79,500 87,932 69,786 35,172 41,132
Profit after tax 67,823 70,267 53,741 30,808 29,201
Shareholders’ funds 124,345 111,992 107,779 109,316 78,808
Total assets 682,867 702,775 664,556 594,272 530,419
Net tangible assets 124,174 111,811 107,449 109,316 78,808
Return on turnover (%) 9.6 10.6 11.1 8.0 10.4
Earnings per share (¢) 34.68 35.93 27.48 15.75 14.93
Return on equity (%) 45.0 50.8 40.1 22.7 27.8
Return on total assets (%) 9.9 10.0 8.1 5.2 5.5
Net tangible assets per share (¢) 63.5 57.2 54.9 55.9 40.3
Productivity Data
Average staff strength (number) 1,404 1,416 1,514 1,490 1,168
Sales per employee ($) 500,618 465,994 319,923 259,948 240,780
Profit after tax per employee ($) 48,307 49,624 35,496 20,677 25,001
Employment costs 106,086 104,448 104,238 98,028 54,809
Employment costs per $ of turnover ($) 0.15 0.16 0.22 0.25 0.19
Economic Value Added 49,903 49,061 32,501 10,363 5,056
Economic Value Added spread (%) 18.7 18.0 11.7 3.9 2.4
Economic Value Added per employee ($) 35,543 34,648 21,467 6,955 4,329
Value added 206,753 226,932 200,186 156,885 112,015
Value added per employee ($) 147,260 160,263 132,223 105,292 95,903
Value added per $ of employment costs ($) 1.95 2.17 1.92 1.60 2.04
Value added per $ of gross property, plant
and equipment ($) 0.67 0.75 0.70 0.54 0.39
Value added per $ of turnover ($) 0.29 0.34 0.41 0.41 0.40