Financial Highlights
US$m US$m US$m
Revenue 4,233 15,764 15,718
Profit after tax 469 1,498 1,287
Underlying profit attributable to shareholders* 202 679 632
Profit attributable to shareholders 210 702 691
Shareholders’ funds 6,033 5,755 5,166
Underlying earnings per share* 51 172 167
Earnings per share* 53 178 183
Dividend per share 74 69
Net asset value per share 15.26 14.56 13.07
S$m S$m S$m
Revenue 5,967 21,806 21,665
Profit after tax 661 2,072 1,775
Underlying profit attributable to shareholders* 285 939 871
Profit attributable to shareholders 297 971 954
Shareholders’ funds 8,436 8,315 7,307
Underlying earnings per share* 72 238 230
Earnings per share* 75 246 252
Dividend per share 106 97
S$ S$ S$
Net asset value per share 21.34 21.04 18.49

The exchange rate of US$1=S$1.40 (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$1.41 (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’.