SBS TRANSIT LTD ANNUAL

Financial Statements

Company Share Other Accumulated Total capital reserves profits equity $'000 $'000 $'000 $'000 Balance at 1 January 2021 100,499 40,265 7 10,747 851,511 Total comprehensive income for the period Profit for the period - - 5 6,756 56,756 Total - - 5 6,756 56,756 Transactions recognised directly in equity Payment of dividends - - (19,647) (19,647) Total - - (19,647) (19,647) Balance at 30 June 2021 100,499 40,265 7 47,856 888,620 Company Share Other Accumulated Total capital reserves profits equity $'000 $'000 $'000 $'000 Balance at 1 January 2020 100,499 40,285 609,749 750,533 Total comprehensive income for the period Profit for the period - - 53,362 53,362 Other comprehensive income for the period - 14 - 14 Total - 14 53,362 53,376 Transactions recognised directly in equity Payment of dividends - - (18,400) (18,400) Total - - (18,400) (18,400) Balance at 30 June 2020 100,499 40,299 644,711 785,509 Page 6 of 18 F NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS CORPORATE INFORMATION The Company (Registration No. 199206653M) is incorporated in Singapore with its registered office and principal place of business at 205 Braddell Road, Singapore 579701. The Company is listed on the Singapore Exchange Securities Trading Limited. These condensed interim consolidated financial statements as at and for the six months ended 30 June 2021 comprise the Company and its subsidiary (collectively, the Group). The principal activities of the Company are those of the provision of public transport services, namely bus and rail services. The principal activities of the subsidiary are those of the operation and maintenance of Downtown Line. BASIS OF PREPARATION The condensed interim financial statements for the Half-Year ended 30 June 2021 have been prepared in accordance with Singapore Financial Reporting Standards (International) (SFRS(I)) 1-34 Interim Financial Reporting issued by the Accounting Standards Council Singapore. The interim financial statements do not include all the information required for a complete set of financial statements. However, selected explanatory notes are included to explain events and transactions that are significant to an understanding of the changes in the Group’s financial position and performance of the Group since the last annual financial statements for the year ended 31 December 2020. The Group has applied accounting policies