Financial Highlights
1H2017#
FY2016#
FY2015+
US$m US$m US$m
Revenue 8,519 15,764 15,718
Profit after tax 888 1,498 1,287
Underlying profit attributable to shareholders* 375 679 632
Profit attributable to shareholders 399 702 691
Shareholders’ funds 6,005 5,755 5,166
US¢ US¢ US¢
Underlying earnings per share* 95 172 167
Earnings per share* 101 178 183
Dividend per share 18 74 69
US$ US$ US$
Net asset value per share 15.19 14.56 13.07
1H2017#
FY2016#
FY2015+
S$m S$m S$m
Revenue 11,911 21,806 21,665
Profit after tax 1,241 2,072 1,775
Underlying profit attributable to shareholders* 525 939 871
Profit attributable to shareholders 558 971 954
Shareholders’ funds 8,274 8,315 7,307
Underlying earnings per share* 133 238 230
Earnings per share* 141 246 252
Dividend per share 25 106 97
S$ S$ S$
Net asset value per share 20.93 21.04 18.49

The exchange rate of US$1=S$1.38 (31st December 2016: US$1=S$1.44, 31st December 2015: US$1=S$1.41) was used for translating assets and liabilities at the balance sheet date and US$1=S$1.40 (2016: US$1=S$1.38, 2015: US$1=S$1.38) was used for translating the results for the period.

*The Group uses underlying profit in its internal financial reporting to distinguish between ongoing business performance and non-trading items. Items classified as non-trading items include fair value gains or losses on revaluation of investment properties and agricultural produce; gains and losses arising from sale of businesses, investments and properties; impairment of non-depreciable intangible assets and other investments; provisions for closure of businesses; acquisition-related costs in business combinations and other credits and charges of a non-recurring nature that require inclusion in order to provide additional insight into the Group’s underlying business performance.

+The accounts have been restated due to a change in accounting policy upon adoption of amendment to IAS 16 ‘Property, Plant and Equipment’ and IAS 41 ‘Agriculture’.