I AM
DISORIENTED
Singapore Totalisator Board
Annual Report 2018/ 19

FINANCIAL

HIGHLIGHTS

The Financial Highlights as set out in pages 66 to 69 contain the extracts from the audited consolidated financial statements of the Tote Board Group (comprising Tote Board, Singapore Pools and Singapore Turf Club) for the financial year ended 31 March 2019.

You may wish to read the full set of the Group’s audited financial statements here.

Review of Financial Performance

SINGAPORE TOTALISATOR BOARD (GROUP)
Income and Expenditure
Year ended
31 March 2019 ($M)
Year ended
31 March 2018 ($M)
Income From Betting And Gaming Activities
Lotteries and Sports Betting
Turnover 8,098 7,402
Prizes Paid (5,571) (5,032)
Betting Tax Paid To Government (1,877) (1,816)
Commission Paid (48) (47)
602 507
Totalisator
Turnover 1,058 1,134
Dividends Paid (838) (899)
Betting Tax Paid To Government (58) (62)
162 173
Other Income
Investment Income/(Loss) 33 157
Casino Entry Levy 125 131
Other Operating and Non-Operating Income 46 48
204 336
Total Income 968 1,016
Total Expenditure (405) (410)
Grants Disbursements/ Donations
Arts & Culture (30) (30)
Charity (Social Service) (259) (173)
Community Development (37) (35)
Education (12) (16)
Health (34) (14)
Sports (116) (201)
488 469
Surplus/(Deficit) Before Tax and
Contribution To Consolidated Fund
75 137
Tax and Contribution To Consolidated Fund (14) (28)
Surplus/(Deficit) After Tax and
Contribution To Consolidated Fund
61 109

The Group recorded a surplus after tax and contribution to Consolidated Fund of $61 million in FY2018/19 as compared to a surplus after tax and contribution to Consolidated Fund of $109 million in FY2017/18. The negative variance was due largely to lower income from investments and higher disbursements in Grants/ Donations being offset by Lotteries & Sports Betting.

Review of Financial Performance

SINGAPORE TOTALISATOR BOARD (GROUP)
Statements of Financial Position
As at
31 March 2019 ($M)
As at
31 March 2018 ($M)
ASSETS
Non-Current Assets 569 600
Financial Assets At Fair Value Through Profit or Loss 3,418 3,436
Other Current Assets 1,406 1,318
Total Assets 5,393 5,354
Capitals, Reserves and Liabilities
Capital and Reserves 4,857 4,796
Non-Current Liabilities 188 202
Current Liabilities 348 356
Total Capital, Reserve and Liabilities 5,393 5,354
SINGAPORE TOTALISATOR BOARD (GROUP)
Outstanding Grants/ Donations Commitments
As at
31 March 2019 ($M)
As at
31 March 2018 ($M)
Arts & Culture 233 235
Social Service 1,165 825
Community Development 413 380
Education 201 183
Health 170 211
Sports 487 624
Total 2,669 2,458
Lotteries and Sports Betting Turnover
Investment Income/ (Loss)
Totalisator Turnover
Annual Net Surplus/ (Deficit)
Casino Entry Levy
Grants Disbursements/ Donations
Annual Contribution to Government
(Betting Duties, Income Tax and Contribution to Consolidated Fund)