Financial Highlights
US$m US$m
Revenue 17,701 15,764
Profit after tax 1,806 1,498
Underlying profit attributable to shareholders* 788 679
Profit attributable to shareholders 811 702
Shareholders’ funds 6,427 5,755
Underlying earnings per share* 199 172
Earnings per share 205 178
Dividend per share 86 74
Net asset value per share 16.26 14.56
S$m S$m
Revenue 24,352 21,806
Profit after tax 2,484 2,072
Underlying profit attributable to shareholders* 1,084 939
Profit attributable to shareholders 1,116 971
Shareholders’ funds 8,593 8,315
Underlying earnings per share* 274 238
Earnings per share 282 246
Dividend per share 118 106
S$ S$
Net asset value per share 21.74 21.04

The exchange rate of US$1=S$1.34 (31st December 2016: US$1=S$1.44) was used for translating assets and liabilities at the balance sheet date and US$1=S$1.38 (2016: US$1=S$1.38) was used for translating the results for the year.

*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.