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Financial Highlights
Income Statement
Balance Sheet
Dividend Information
Financial Ratios
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Income Statement
S$’000
2023
2022
2021
2020
2019#
(Restated)*
(Restated)*
Net operating income
30,141
26,349
34,371
34,984
46,584
Profit/(loss) before tax - by business segment
- Lending business
7,830
6,910
13,099
9,229
18,309
- Insurance
-692
-483
-410
-6,692
-4,892
Profit – Overall
- before tax
7,138
6,427
12,689
2,537
13,409
- after tax
5,322
4,856
9,649
2,361
9,171
- attributable to shareholders
3,439
3,059
7,951
795
6,454
Number of shares ('000)
375,970
375,970
375,970
375,970
375,970
Issued share capital
137,302
137,302
137,302
137,302
137,302
Shareholders' funds
176,301
175,435
178,955
175,750
179,008
Non-controlling interests ("NCI")
23,811
23,143
17,305
17,886
17,945
Total assets
491,328
398,127
401,249
481,427
504,784
Total liabilities
291,216
199,549
204,989
287,791
307,831
Dividends proposed/paid for the year (net of tax)
1,880
1,692
2,932
752
2,932
Gross dividends declared per share**
- Ordinary (cents)
0.50
0.45
0.78
0.2
0.78
Dividend yield as of 31 December
3.9%
2.40%
4.20%
1.10%
3.40%
Earnings per share (cents)
0.91
0.81
2.11
0.21
1.71
Net tangible assets per share ($)
0.47
0.47
0.48
0.47
0.47
Return on average shareholders' funds
3.0%
2.70%
5.40%
1.30%
5.30%
Cost-income ratio
70.6%
71.20%
61.60%
69.40%
55.40%

# gain of $2.934 million arising on fair value gain on unquoted equity securities have been excluded from profit before & after tax and attributable to Owners of the Company

* Restatement of prior years number due to the initial application of SFRS(I) 17 Insurance Contracts.

Balance Sheet
S$’000
2023
2022
2021
2020
2019
Net operating income
30,141
26,349
34,371
34,984
46,584
Profit/(loss) before tax - by business segment
- Lending business
7,830
6,910
13,099
9,229
18,309
- Insurance
-692
-483
-410
-6,692
-4,892
Profit – Overall
- before tax
7,138
6,427
12,689
2,537
13,409
- after tax
5,322
4,856
9,649
2,361
9,171
- attributable to shareholders
3,439
3,059
7,951
795
6,454
Number of shares ('000)
375,970
375,970
375,970
375,970
375,970
Issued share capital
137,302
137,302
137,302
137,302
137,302
Shareholders' funds
176,301
175,435
178,955
175,750
179,008
Non-controlling interests ("NCI")
23,811
23,143
17,305
17,886
17,945
Total assets
491,328
398,127
401,249
481,427
504,784
Total liabilities
291,216
199,549
204,989
287,791
307,831
Dividends proposed/paid for the year (net of tax)
1,880
1,692
2,932
752
2,932
Gross dividends declared per share**
- Ordinary (cents)
0.50
0.45
0.78
0.2
0.78
Dividend yield as of 31 December
3.9%
2.40%
4.20%
1.10%
3.40%
Earnings per share (cents)
0.91
0.81
2.11
0.21
1.71
Net tangible assets per share ($)
0.47
0.47
0.48
0.47
0.47
Return on average shareholders' funds
3.0%
2.70%
5.40%
1.30%
5.30%
Cost-income ratio
70.6%
71.20%
61.60%
69.40%
55.40%
Dividend Information
S$’000
2023
2022
2021
2020
2019
Net operating income
30,141
26,349
34,371
34,984
46,584
Profit/(loss) before tax - by business segment
- Lending business
7,830
6,910
13,099
9,229
18,309
- Insurance
-692
-483
-410
-6,692
-4,892
Profit – Overall
- before tax
7,138
6,427
12,689
2,537
13,409
- after tax
5,322
4,856
9,649
2,361
9,171
- attributable to shareholders
3,439
3,059
7,951
795
6,454
Number of shares ('000)
375,970
375,970
375,970
375,970
375,970
Issued share capital
137,302
137,302
137,302
137,302
137,302
Shareholders' funds
176,301
175,435
178,955
175,750
179,008
Non-controlling interests ("NCI")
23,811
23,143
17,305
17,886
17,945
Total assets
491,328
398,127
401,249
481,427
504,784
Total liabilities
291,216
199,549
204,989
287,791
307,831
Dividends proposed/paid for the year (net of tax)
1,880
1,692
2,932
752
2,932
Gross dividends declared per share**
- Ordinary (cents)
0.50
0.45
0.78
0.2
0.78
Dividend yield as of 31 December
3.9%
2.40%
4.20%
1.10%
3.40%
Earnings per share (cents)
0.91
0.81
2.11
0.21
1.71
Net tangible assets per share ($)
0.47
0.47
0.48
0.47
0.47
Return on average shareholders' funds
3.0%
2.70%
5.40%
1.30%
5.30%
Cost-income ratio
70.6%
71.20%
61.60%
69.40%
55.40%
Financial Ratios
S$’000
2023
2022
2021
2020
2019
Net operating income
30,141
26,349
34,371
34,984
46,584
Profit/(loss) before tax - by business segment
- Lending business
7,830
6,910
13,099
9,229
18,309
- Insurance
-692
-483
-410
-6,692
-4,892
Profit – Overall
- before tax
7,138
6,427
12,689
2,537
13,409
- after tax
5,322
4,856
9,649
2,361
9,171
- attributable to shareholders
3,439
3,059
7,951
795
6,454
Number of shares ('000)
375,970
375,970
375,970
375,970
375,970
Issued share capital
137,302
137,302
137,302
137,302
137,302
Shareholders' funds
176,301
175,435
178,955
175,750
179,008
Non-controlling interests ("NCI")
23,811
23,143
17,305
17,886
17,945
Total assets
491,328
398,127
401,249
481,427
504,784
Total liabilities
291,216
199,549
204,989
287,791
307,831
Dividends proposed/paid for the year (net of tax)
1,880
1,692
2,932
752
2,932
Gross dividends declared per share**
- Ordinary (cents)
0.50
0.45
0.78
0.2
0.78
Dividend yield as of 31 December
3.9%
2.40%
4.20%
1.10%
3.40%
Earnings per share (cents)
0.91
0.81
2.11
0.21
1.71
Net tangible assets per share ($)
0.47
0.47
0.48
0.47
0.47
Return on average shareholders' funds
3.0%
2.70%
5.40%
1.30%
5.30%
Cost-income ratio
70.6%
71.20%
61.60%
69.40%
55.40%
info@ifscapital.com.sg
+65 6270 7711
10 Eunos Road 8 #09-04
Singapore Post Centre
Singapore 408600
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