Consolidated Income Statement
For the Financial Year ended 31 December 2010
| Income Statement | 2010 (S$ millions) |
2009 (S$ millions) |
| Net interest income | 1,690 | 1,489 |
| Non-interest income | 1,728 | 1,329 |
| Net operating income | 3,418 | 2,818 |
| Allowance for loan losses | 713 | 784 |
| Operating expenses | 1,530 | 1,256 |
| Share of results of associated companies net of tax | 11 | 8 |
| Profit before income tax | 1,186 | 786 |
| Profit for the year | 1,006 | 615 |
| Balance Sheet | 2010 (S$ millions) |
2009 (S$ millions) |
| Assets | ||
| Loans to customers | 13,378 | 11,552 |
| Derivative financial instruments | 41 | 49 |
| Investment securities | 26,874 | 27,128 |
| Other assets | 7,958 | 8,261 |
| Total assets | 48,251 | 46,990 |
| Liabilities | ||
| Deposits from customers | 12,815 | 11,495 |
| Loan from parent | 6,608 | 7,158 |
| Other liabilities | 4,833 | 4,631 |
| Total liabilities | 24,256 | 23,284 |
| Shareholder equity | 23,995 | 23,706 |