| Note
1: |
The
reported current tax is adjusted for the statutory
tax impact of interest expense. |
| Note
2: |
Monthly
average share capital plus interest bearing liabilities,
timing provision, goodwill amortised, and present
value of operating leases.
 |
| Note
3: |
The
Weighted Average Cost of Capital is calculated
in accordance to Singapore Technologies (ST)
Group EVA Policy as follows: |
| |
i. |
Cost of Equity
using Capital Asset Pricing Model with market risk
premium at 6.0% (2002 @ 7.0%); |
| |
ii. |
Risk-free rate
of 2.78% (2002 @3.94%) based on yield-to-maturity
of Singapore Government 10 years Bonds; |
| |
iii. |
Ungeared beta
at 0.7 (2002 @ 0.85%) based on ST risk categorisation;
and |
| |
iv. |
Cost of Debt
rate at 2.68% (2002 @ 4.30%) using 5-year Singapore
Dollar Swap Offered rate plus 75 basis point. |
| Note
4: |
Unusual
Items (UI) refer to divestment of investment properties,
subsidiary and associates, long-term investments
and disposal of major fixed assets. |
