Perennial Real Estate Holdings Limited - Annual Report 2017

VALUE ADDED STATEMENT FY2017 S$’m FY2016 S$’m Value added from: Revenue earned 74.5 110.2 Less: Purchase of materials and services (25.3) (32.8) Add: Other income 150.8 40.1 Gross value added from operations 200.0 117.5 In addition Share of results of associates and joint ventures 55.8 32.2 Total value added 255.8 149.7 Distribution: To employees in wages, salaries and benefits 22.5 20.2 To government in taxation 35.8 17.4 To providers of capital in: – Net finance cost on borrowings 55.4 61.2 – Dividends to non-controlling shareholders in subsidiary – 0.9 – Dividends to owners of the Company 6.7 6.6 120.4 106.3 Balance retained in the business: Depreciation and amortisation 3.2 5.3 Non-controlling interests 38.5 9.4 Revenue reserves 93.6 28.5 135.3 43.2 Allowance for doubtful receivables/written-off 0.1 0.2 Total Distribution 255.8 149.7 Productivity analysis: 1 Value added per employee (S$’000) 664.5 453.7 Value added per dollar of employment cost (S$) 8.9 5.8 Value added per dollar sales (S$) 2.7 1.1 1 The increase was mainly contributed by higher other income. In FY2017, the higher other income was due to the one-off gain from the partial divestment of a 20.2% equity interest in TripleOne Somerset and net fair value gains from the revaluation of investment properties. The increase was partially offset by an increase in employment cost as the Group expanded its business operations. INTEGRATED STRATEGY, ENHANCED VALUE 93 Annual Report 2017

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