View - Singapore Technologies Engineering

Singapore Technologies Engineering LtdAnnual Report 200723FY 07FY 06FY 05FY 04FY 032,190.81,990.81,500.61,363.11,337.0TOTAL VALUE ADDED ($m)($m) 2007 2006 2005 2004 2003Value added from:Revenue earned 5,051.0 4,485.8 3,337.9 2,948.1 2,819.0Bought in materials and services (2,998.3) (2,644.0) (1,959.0) (1,698.6) (1,578.5)2,052.7 1,841.8 1,378.9 1,249.5 1,240.5Income from investments and interest 81.7 79.9 49.4 36.2 32.1Exchange loss, net (5.4) (3.9) (1.8) (2.1) (1.2)Other non-operating income 15.2 21.5 28.2 21.1 20.3Share of results of associated companies and joint ventures 46.6 51.5 45.9 58.4 47.3Amortisation of goodwill on acquisition of associated companies – – – – (2.0)Total value added 2,190.8 1,990.8 1,500.6 1,363.1 1,337.0Distribution of total value addedTo employees in wages, salaries and benefits 1,358.0 1,241.0 898.3 826.2 797.4To government in income and other taxes 123.7 116.8 99.6 93.8 93.1To providers of capital on:• Interest paid on borrowings 50.3 42.3 8.0 4.2 2.2• Dividends to shareholders 508.2 399.5 359.8 326.5 449.92,040.2 1,799.6 1,365.7 1,250.7 1,342.6Balance retained in/(applied from) businessDepreciation 126.5 130.7 79.1 77.7 86.4Impairment of assets (0.1) 9.3 16.5 1.0 1.1Retained profits (53.5) (15.6) 5.3 (0.6) (149.7)72.9 124.4 100.9 78.1 (62.2)Non-production cost and incomeBad debts 1.4 (9.2) (13.6) 0.2 25.7Income from investments and interest 81.7 79.9 49.4 36.2 32.1Exchange loss, net (5.4) (3.9) (1.8) (2.1) (1.2)77.7 66.8 34.0 34.3 56.6Total distribution 2,190.8 1,990.8 1,500.6 1,363.1 1,337.0