Consolidated Income Statement
For the Financial Year ended 31 December 2009
| Income Statement | 2009 (S$ millions) |
2008 (S$ millions) |
| Net interest income | 1,489 | 1,798 |
| Non-interest income | 1,329 | 2,081 |
| Net operating income | 2,818 | 3,880 |
| Allowance for loan losses | 784 | 776 |
| Operating expenses | 1,256 | 1,574 |
| Share of results of associated companies net of tax | 8 | (33) |
| Profit before income tax | 786 | 1,497 |
| Profit for the year | 615 | 1,375 |
| Balance Sheet | 2009 (S$ millions) |
2008 (S$ millions) |
| Assets | ||
| Loans to customers | 11,552 | 10,914 |
| Derivative financial instruments | 49 | 228 |
| Investment securities | 27,128 | 16,771 |
| Other assets | 8,071 | 8,593 |
| Total assets | 46,800 | 36,506 |
| Liabilities | ||
| Deposits from customers | 11,513 | 11,354 |
| Loan from parent | 7,158 | 8,670 |
| Other liabilities | 4,423 | 4,545 |
| Total liabilities | 23,094 | 24,569 |
| Shareholder equity | 23,706 | 11,937 |