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Amidst the challenging financial and economic environment, ST Engineering was able to deliver a steady set of results with revenue growth of 6% to $5.35b, PATMI of $473.6m, and ROE at 30%. The Group achieved a record order book of $10.6b as at end 2008. The Board is proposing to pay 100% of FY2008 earnings to shareholders as dividends or a total of 15.8 cents per share for the full year. 
| 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 impaired/amortised, and present value of operating leases. Major Capital Components: 
| | | | | | Note 3 | : | The Weighted Average Cost of Capital is calculated in accordance to ST Engineering Group EVA Policy as follows: - Cost of Equity using Capital Asset Pricing Model with market risk premium at 6.0% (2007 @ 6.0%);
- Risk-free rate of 2.74% (2007 @ 3.05%) based on yield-to-maturity of Singapore Government 10 years Bonds;
- Ungeared beta at 0.67 (2007 @ 0.67) based on ST Engineering risk categorisation; and
- Cost of Debt rate at 3.23% (2007 @ 3.62%) using 5-year Singapore dollar Swap Offer Rate plus 25 basis point (2007 @ 25 basis point).
| | | | | | Note 4 | : | UI refer to divestment of investment properties, subsidiaries and associated companies, long term investments and disposal of major property, plant and equipment. |
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