ST Engineering Annual Report 2020

CORPORATE OVERVI EW PERFORMANCE REVI EW SUSTAINABI L ITY CORPORATE GOVERNANCE F INANCIAL REPORT 67 ANNUAL REPORT 2 0 20 / SIGNIFICANT ACCOUNTING POLICIES The Group’s financial statements and balance sheet of the Company are prepared in accordance with Singapore Financial Reporting Standards (International) (SFRS(I)). The significant accounting policies are presented at the end of each Notes to the Financial Statements (pages 158 to 285). The Group has applied the same accounting policies and methods of computation in the preparation of the financial statements for the current reporting period compared with the audited financial statements as at 31 December 2019 except for the adoption of SFRS(I)s, amendments to and interpretations of SFRS(I) that are mandatory for financial year beginning on or after 1 January 2020. The adoption of these SFRS(I)s, amendments to and interpretations of SFRS(I) did not have a material impact on the financial statements of the Group. 2019 2019 2019 2020 2020 2020 1,500 -1,500 1,000 500 -2,000 2,000 -500 -1,000 Operating Activities Investing Activities Financing Activities 590 720 (295) (959) 1,533 (1,273) 0 CASH FLOWS ($m) 2020 2019 2016 2020 2017 2018 2019 20 10 0 15 5 -5 -10 -15 -20 TOTAL SHAREHOLDER RETURN (%) Capital Gain Dividend Yield 4.8 4.0 12.9 3.9 (3.0) 4.6 4.4 7.1 12.1 11.5 16.9 0.9 5.5 7.3 0.9 TOTAL SHAREHOLDER RETURN ST Engineering paid an interim ordinary dividend of 5.0 cents per share to shareholders in September 2020 and has recommended a final dividend of 10.0 cents per share to shareholders at the forthcoming Annual General Meeting. The total dividend per share (DPS) for FY2020 would be 15.0 cents. Based on the average share price of $3.88, the DPS of 15.0 cents translates to a dividend yield of 3.9%. ST Engineering’s share price ended the year at $3.82, a 3% decrease y-o-y, but outperformed Straits Times Index which fell 12% in the same period. With a dividend yield of 3.9%, ST Engineering generated a total positive shareholder return of 0.9%.