View - Singapore Technologies Engineering

MARINE SECTOR FINANCIAL HIGHLIGHTS1996 1997 1998 1999 2000$’000 $’000 $’000 $’000 $’000Turnover 349,962 243,204 197,567 255,979 359,112Profit before tax 58,375 53,950 44,831 46,367 63,935Profit after tax (before extraordinary items) 43,268 38,521 30,138 31,178 43,830Shareholders’ funds 205,240 214,824 165,003 104,312 93,174Total assets 817,599 728,087 634,802 492,607 479,205Net tangible assets 205,240 214,824 165,003 104,312 93,174Return on turnover (%) 12.4 15.8 15.3 12.2 12.2Earnings per share (¢) 22.20 19.71 15.41 15.94 22.41Return on equity (%) 21.1 17.9 18.3 29.9 47.0Return on total assets (%) 5.3 5.3 4.7 6.3 9.1Net tangible assets per share (¢) 105.00 109.85 84.37 53.34 47.64PRODUCTIVITY DATAAverage staff strength 1,222 1,224 1,195 1,073 951Employment costs ($’000) 43,202 53,348 48,041 43,830 43,077Sales per employee ($) 286,385 198,696 165,328 238,564 377,615Profit after tax per employee ($) 35,408 31,471 25,220 29,057 46,088Economic value added ($’000) 22,923 13,447 11,245 22,597 38,747Economic value added spread (%) 10.3 5.2 4.1 13.0 25.0Economic value added per employee ($) 18,759 10,986 9,410 21,060 40,743Value added ($’000) 115,991 122,787 112,633 107,065 115,691Value added per employee ($) 94,919 100,316 94,254 99,781 121,652Value added per $ of employment costs 2.68 2.30 2.34 2.44 2.69SINGAPORE TECHNOLOGIES ENGINEERING LTD –SUBSIDIARIES AND ASSOCIATED COMPANIESSingapore Technologies Aerospace Ltd (100%)Singapore Technologies Electronics Limited (100%)Singapore Technologies Kinetics Ltd (100%)Singapore Technologies Marine Ltd (100%)Singapore Technologies DynamicsPte Ltd (100%)ST Synthesis Pte Ltd (100%)Vision Technologies Systems, Inc. (100%) +• Vision Technologies AerospaceIncorporated (100%) @• Singapore Technologies Engineering(USA) Inc. (100%)• SA Supplies (USA) Inc. (100%)• Vision Technologies Marine, Inc.(100%)• VT Systems, Inc. (100%)Vision Technologies Kinetics, Inc. (100%)• ST Mobile Aerospace Engineering, Inc. (100%)• DalFort Aerospace GP, Inc. (100%)• DalFort Aerospace, L.P. (99%) *@Formerly known as Vision International Incorporated+ Formerly known as Singapore Aerospace (USA) Incorporated* Balance 1% held by DalFort Aerospace GP, Inc.Non Bold Indicates subsidiaries (both directly & indirectly held)Italics Indicates Associated Companies or Others202 • visionsubsidiaries and associated companies • 203